Orthopedic Braces & Support, Casting & Splints Market (Forecast Period 2021-2028): The report provides a valuable source of insightful data for business strategists and competitive analysis of Orthopedic Braces & Support, Casting & Splints Market. The study covers important knowledge that makes the analysis document a handy resource for managers, analysts, business consultants and different key individuals get ready-to-access and self-analyzed study in conjunction with graphs and tables to assist perceive market trends, drivers and market challenges.It also highlights the restraints and opportunities expected to influence the market’s growth during the said period. The study provides a holistic perspective on the market’s growth throughout the above mentioned forecast period in terms of revenue(in US$ Mn) and Volume (Thousand Units), across different geographies.
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Major Players In This Market Are: 3M, Össur Corporate, BSN medical GmbH, DeRoyal Industries, Inc., DJO Global, Inc., Orfit Industries N.V., Spencer Italia S.r.l., Prime Medical, Inc., Breg, Inc., Stryker Corporation, and Zimmer Biomet Holdings, Inc.
Braces are orthopedic products designed to relieve pain in the upper and lower extremity of the body. These also help in recovering from injuries and improve daily life. There are various type of materials used to make braces such as metal, plastic, and fiber glass.
The global orthopedic braces & support, casting & splints market is estimated to account for US$ 6,214.5 Mn in terms of value in 2019 and is expected to reach US$ 9,634.3 Mn by the end of 2027.
Global Orthopedic Braces & Support, Casting & Splints Market: Drivers
Increasing geriatric population is expected to propel growth of the global orthopedic braces & support, casting & splints market over the forecast period. For instance, according to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034.
Moreover, increasing cases of accidents are also expected to aid in growth of the market. For instance, according to National Informatics Center, India recorded a total of 467,044 road accidents in 2018.
Orthopedic Braces and Supports held dominant position in the global orthopedic braces & support, casting & splints market in 2019, accounting for 57.7% share in terms of value, followed by Casting Supplies & Equipment and Splinting Supplies & Equipment, respectively
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In this study, the years considered to estimate the market size of Orthopedic Braces & Support, Casting & Splints are as follows:
History Year: 2017-2020
Base Year: 2020
Estimated Year: 2021
Forecast Year 2021 to 2028
The next part also sheds light on the gap between supply and consumption. Apart from the mentioned information, growth rate of Orthopedic Braces & Support, Casting & Splints Market in 2028 is also explained. Additionally, type wise and application wise consumption tables and figures of Orthopedic Braces & Support, Casting & Splints Market are also given.
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