Orthopedic Support Systems Global Market Report 2024

The orthopedic support systems market size has grown strongly in recent years. It will grow from $3.31 billion in 2023 to $3.6 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth observed in the historical period can be attributed to several factors, including advancements in material science, developments in surgical techniques, an increase in sports-related injuries, the aging population, and enhanced patient awareness and education.

The orthopedic support systems market size is expected to see strong growth in the next few years. It will grow to $5.1 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The projected growth in the forecast period can be attributed to several factors, including an increase in chronic conditions, rising sports participation rates, the adoption of telehealth and remote monitoring technologies, and a growing emphasis on sustainability. Major trends expected in the forecast period encompass the integration of wearable technology, the utilization of minimally invasive techniques, the expansion of telehealth and remote monitoring capabilities, the development of orthopedic rehabilitation robotics, and the implementation of value-based care models.

The orthopedic support systems market is poised for growth, driven by the increasing prevalence of musculoskeletal disorders. These disorders, affecting muscles, bones, nerves, and soft tissues, result in pain and discomfort, attributed to factors like aging populations, sedentary lifestyles, and poor workplace ergonomics. Orthopedic support systems play a crucial role in managing these conditions, aiding in healing, rehabilitation, injury prevention, and improved functional outcomes. For instance, a study published in November 2023 by the Lancet Rheumatology projected a 115% increase in musculoskeletal disorder cases between 2020 and 2050, reaching around1.06 billion prevalent cases by 2050. Hence, the rising prevalence of musculoskeletal disorders is fueling the orthopedic support systems market's growth.

Key players in the orthopedic support systems market are introducing innovative products like the VRTX spinal support systems to stay competitive. These systems, such as the VRTX spinal support system developed by Aspen Medical Products, are designed to support and stabilize the spine, aiding in the treatment of spinal fractures or instability. This technology offers adjustable sizing and a prefabricated design to ensure optimal motion restriction for multi-level spinal injuries. With modules tailored for different areas of the spine, the VRTX System aims to enhance patient comfort, reduce pain, and facilitate efficient care delivery. Aspen Medical Products' initiative aligns with the market's demand for effective, off-the-shelf solutions to streamline healthcare operations and improve patient outcomes.

In April 2022, OrthoPediatrics Corp., a leading medical device company, acquired MD Orthopaedics Inc. for $19.6 million. This strategic move is poised to bolster OrthoPediatrics Corp.'s product portfolio and expand its presence in the pediatric orthopedics market. MD Orthopaedics Inc., known for its custom bracing system for club feet, offers synergies that complement OrthoPediatrics Corp.'s objectives in catering to specialized orthopedic needs.

Major companies operating in the orthopedic support systems market are Johnson & Johnson, Medtronic plc, Medline Industries, Zimmer Biomet Holdings, Smith & Nephew plc, Hologic Inc., Stryker Corporation, Ottobock Healthcare, DJO Global Inc., NuVasive Inc., Hanger Clinic, Ossur Corporate, Wright Medical Group N.V., Deroyal Industries, Performance Health's, LimaCorporate, Exactech Inc., McDavid Knee Guard Inc., Trulife's, Boston Orthotics & Prosthetics, Bauerfeind AG, Mueller Sports Medicine Inc., Breg Inc., Becker Orthopedic, Thuasne, Sigvaris.

North America was the largest region in the orthopedic support systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the orthopedic support systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the orthopedic support systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Orthopedic support systems encompass specialized devices crafted to offer structural stability and comfort to the musculoskeletal system. These systems include a range of products such as orthotics and prosthetics, customized to support and align specific body parts. They provide targeted support aiding in injury recovery, pain relief, and improved mobility, thereby promoting overall well-being and functional independence.

The primary product categories within orthopedic support systems consist of braces and supports, splints, bandages and sleeves, and straps. Braces and supports are orthopedic devices engineered to provide stability, protection, and alignment for various parts of the body, especially joints and muscles. These devices cater to diverse patient demographics, including adults and pediatrics, and are applied to various upper and lower body extremities.

The orthopedic support systems market research report is one of a series of new reports that provides orthopedic support systems market statistics, including orthopedic support systems industry global market size, regional shares, competitors with orthopedic support systems market share, detailed orthopedic support systems market segments, market trends and opportunities, and any further data you may need to thrive in the orthopedic support systems industry. This orthopedic support systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The orthopedic support systems market consists of sales of wrist splints, shoulder immobilizers, posture correctors, and cervical collars. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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