The Business Research Company’s global market reports provide comprehensive analysis on the various markets in 27 industries across 60 geographies.

 As per The Business Research Company’s Orthopedic Braces And Support Devices And Equipment Global Market Report 2023, The global orthopedic braces and support devices and equipment market is expected to grow from $3.86 billion in 2022 to $4.08 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The orthopedic braces and support devices and equipment market size is expected to grow to $4.98 billion in 2027 at a CAGR of 5.1%.

What was the major driver in the orthopedic braces and support devices and equipment market?
The aging population is pushing the orthopaedic braces, support devices, and equipment industry. As people age, their bones and connective tissues weaken, making them more vulnerable to injury. For example, in the United States, 70% of people aged 50 to 70 have osteoarthritis, and this figure is expected to rise further in the predicted period. This is one of the primary factors driving the growth of this industry. The widespread use of pain drugs limits the expansion of the orthopaedic braces and support devices industry. As more people rely on pain relievers for aches associated with orthopaedic problems rather than using an appropriate support device/braces. Americans, for example, consume 80% of the world’s supply of opioids, including painkillers for orthopaedic treatments, stifling the orthopaedic braces, support devices, and equipment market.

View More On The Orthopedic Braces And Support Devices And Equipment Market Report 2023 – https://www.thebusinessresearchcompany.com/report/orthopedic-braces-and-support-devices-and-equipment-global-market-report

What was the key trend in the orthopedic braces and support devices and equipment market?
Because of the increased need for orthopaedic braces, support devices, and equipment, numerous companies are adapting to employ revolutionary technologies such as bionic energy savers to tackle difficulties related to knee, arm, or any other movable part of the body injuries. For example, spring-loaded technology employs the LevitationTM bionic knee brace, which improves mobility and leg strength by storing energy while a person sits or rests. These technologies improve people’s quality of life and have a beneficial impact on market growth.

Which was the largest region in the orthopedic braces and support devices and equipment market?
North America was the largest region in global orthopedic devices and equipment market in 2022. Western Europe was the second-largest region in global orthopedic devices and equipment market. The regions covered in the orthopedic braces and support devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Who are the orthopedic braces and support devices and equipment market prominent players?
Major players in the orthopedic braces and support devices and equipment market are DJO Global, Bauerfeind AG, Otto Bock Healthcare GmbH, Breg, Inc., Ossur Hf, DeRoyal Industries, Inc., BSN Medical, Medi GmbH & Co. KG, THUASNE Group, 3M Company, and Lohmann & Rauscher.

Key orthopedic braces and support devices and equipment market segments
1) By Type: Lower extremity braces, Upper extremity braces, Back and hip braces, Other braces
2) By End User: Hospitals, Home Healthcare, Clinics, Other End-Users
3) By Product: Soft & Elastic Braces and Supports, Hinged Braces and Supports, Hard & Rigid Braces and Supports

Request A Sample Of The Global Orthopedic Braces And Support Devices And Equipment Market Report 2023:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2406&type=smp

The Orthopedic Braces And Support Devices And Equipment Global Market Report 2023  provides a comprehensive overview on the orthopedic braces and support devices and equipment market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

View More Related Reports –
Orthopedic Devices Global Market Report 2023
Orthopedic Prosthetics Global Market Report 2023
Orthopedic Accessories Global Market Report 2023

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model