(MENAFN- Ameliorate Digital Consultancy) The global orthopedic braces & support, casting, and splints market is valued at US$ 6 billion in 2022 and is set to expand at a CAGR of 6% to reach US$ 8 billion by end of 2026. Revenue from the splinting supplies & equipment segment is expected to climb to US$ 2 billion by 2026.

The senior population, which is particularly sensitive to musculoskeletal disorders, is driving majorly demand in this market. Furthermore, the popularity of fitness-related sports such as biking and running among health-conscious consumers is raising the frequency of muscular soreness, sports injuries, and ligament tears, which is driving the demand for orthopedic braces and supports. Athletes also use orthopedic braces to prevent injuries while playing their sports, which limits unwanted motion while playing games and makes movement easier.

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Orthopedic braces are devices made of soft materials such as spandex or other closely-knit textiles and rigid materials such as hard plastics that are designed to restrict joint movement. Braces are orthopedic devices made to ease discomfort in the body's upper and lower extremities. These enhance daily living and aid in the recovery from injuries. Splints and casts are wrapped with a hard exterior. These serve as a support to cover and connect the torn ligaments, tendons, and bones. In addition to maintaining muscular activity and bone healing, casts and splints immobilize the injured area.

Market Dynamics and Growth Factors

The orthopedic braces & support, casting, and splints market has been experiencing steady growth due to several key factors. One of the primary drivers is the increasing prevalence of orthopedic conditions and injuries, largely driven by an aging population and a growing interest in sports and physical activities. Musculoskeletal disorders, fractures, and sprains are common, and the demand for effective treatment options has fueled the market's growth.

Technological advancements in materials and design have significantly contributed to the market's expansion. Orthopedic devices have become more comfortable, lightweight, and user-friendly, allowing for better patient compliance and improved outcomes. Innovations such as 3D-printed braces and adjustable supports provide personalized solutions that enhance the overall patient experience.

Recent Industry News

• Innovations in 3D-Printed Orthopedic Braces: Recent industry news highlights the development of 3D-printed orthopedic braces and supports. These custom-made devices are designed to provide optimal fit and comfort, reducing pressure points and enhancing patient compliance. The use of 3D printing technology enables precise and efficient manufacturing, improving the overall effectiveness of orthopedic solutions.
• Smart Orthopedic Devices: News reports emphasize the integration of smart technology in orthopedic braces and supports. Devices equipped with sensors and connectivity features allow for remote monitoring of patient progress and provide valuable data to healthcare professionals. This technology offers the potential to improve patient care and outcomes.
• Patient-Centric Design: Industry news highlights a growing emphasis on patient-centric design in orthopedic devices. Manufacturers are working closely with patients and healthcare providers to create products that address individual needs and preferences, resulting in more comfortable and effective solutions.
• Sustainable Materials in Orthopedic Devices: Recent developments include a focus on sustainable materials and manufacturing practices. Orthopedic device manufacturers are exploring eco-friendly options to reduce their environmental footprint and align with broader sustainability goals in healthcare.
• Custom Casting and Splinting Solutions: News reports underscore the trend of custom casting and splinting solutions. These personalized devices are tailored to fit the patient's unique anatomy and provide the necessary immobilization and support for fractures and injuries. Customization improves patient comfort and accelerates the healing process.

Key Takeaways from Market Study

• North America holds a leading position in the global orthopedic braces and support, castings, and splints market due to its advanced healthcare infrastructure and increasing elderly population.
• The global market for orthopedic braces & support, castings & splints is expanding as a result of rising accident rates and an increasing ageing population.
• Increased use of POP for less expensive fracture treatment will greatly accelerate market growth over the next 4 years.
• The United States market is valued at US$ 2 billion in 2022.
• Sales of orthopedic braces & support, castings & splints are predicted to increase at a CAGR of 6% from 2022 to 2026.

Winning Strategy

Players in the orthopedic braces and support, castings, and splints market use several different primary tactics, including product launches, acquisitions and mergers, joint ventures, and geographical growth.

To release new and enhanced solutions, major market players are heavily investing in R&D for orthopedic braces and support, castings, and splints.

• Breg Inc. teamed with U.K.-based distributor Joint Operations LLP in July 2020 to expand its market for its high-end orthopedic solutions in the U.K. and Ireland.
• In November 2018, Colfax invested US$ 3.15 billion to purchase DJO Global, a market leader in braces and support equipment.

Segments of Orthopedic Braces & Support, Casting, and Splints Industry Research

• By Product :

• Orthopedic Braces & Supports
• Casting Supplies & Equipment
• Splinting Supplies & Equipment

• By Distribution Channel :

• Orthopedic Clinics
• Hospitals
• Over-the-Counter
• Online
• Others

• By Region :
• North America
• Latin America
• Europe
• East Asia
• South Asia & Oceania
• MEA

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More Valuable Insights on Offer

Fact, in its new offering, presents an unbiased analysis of the global orthopedic braces & support, casting, and splints market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2026.

The study divulges essential insights on the market on the basis of product (orthopedic braces & supports, casting supplies & equipment, splinting supplies & equipment) and end user (orthopedic clinics, hospitals, over-the-counter, online, others), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).

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