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Orthopedic Support Systems Market Size

Report ID: GMI4944 Published Date: November 2023Report Format: PDF
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Orthopedic Support Systems Market Size

Orthopedic Support Systems Market size was valued at around USD 3.6 billion in 2022 and is estimated to register a CAGR of over 6.8% between 2023 and 2032. The increasing prevalence of orthopedic diseases, rising cases of sports and accident-related injuries, growing public awareness pertaining to preventive care, and technological advancements in orthopedic support systems are some of the key factors driving the market progress.

 

Orthopedic Support Systems Market

The geriatric population is particularly susceptible to chronic ailments, including musculoskeletal conditions and degenerative disorders. These health issues often require the utilization of orthopedic support systems such as orthopedic braces and orthopedic splints, which offer comfort, stability, and assistance to older adults, aiding in the management of musculoskeletal discomfort.

According to the World Health Organization, as of 2022, approximately 1.71 billion people worldwide were affected by musculoskeletal conditions. With a rapid increase in population and a growing number of elderly individuals, there is a substantial and escalating prevalence of various orthopedic conditions leading to functional limitations. Consequently, the significant disease burden and the high prevalence of related disorders are anticipated to propel the growth of the market.

Orthopedic support systems refer to a category of medical equipment and assistive devices designed to provide support, stability, and relief to individuals with musculoskeletal or orthopedic conditions. These systems are used to address a variety of orthopedic needs, such as stabilizing joints, reducing pain, supporting injured or weakened muscles, and improving mobility.

The lack of awareness about orthopedic support systems in many parts of the world could impede the market's expansion, as it hinders individuals from discovering and capitalizing on the advantages of these supportive technologies. Orthopedic support systems, including braces & support, splints, and other assistive devices, are designed to reduce pain, provide stability, and aid in the rehabilitation of various orthopedic conditions. However, limited awareness among potential users concerning the existence, advantages, and proper utilization of these support systems may restrict their adoption, leading to delayed or insufficient care for orthopedic issues.

Author: Mariam Faizullabhoy , Gauri Wani
Frequently Asked Question(FAQ) :

How will the braces & support segment influence the growth of orthopedic support systems industry?+

The braces & support segment was valued at around USD 2.2 billion in 2022 and is expected to exhibit substantial growth during 2023-2032, driven by an increasing number of knee injuries and technological advancements.

How big is the orthopedic support systems market?+

Orthopedic support systems industry was valued at USD 3.6 billion in 2022 and is projected to reach over USD 6.9 billion by 2032, driven by an increasing prevalence of orthopaedic diseases, growing public awareness pertaining to preventive care, and technological advancements.

Which companies define the competitive landscape of orthopedic support systems industry?+

3M Company, Alcare Company Ltd, Aspen Medical Products, Bauerfeind AG, Bird & Cronin, Incare are some of the major industry contenders.

What factors are pushing the growth of North America orthopedic support systems industry?+

The U.S. dominated the North American orthopedic support systems market in 2022 and expected to reach more than USD 2.5 billion by 2032 driven by the presence of leading industry players, and rising incidence of orthopedic diseases.

Orthopedic Support Systems Market Scope

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