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Orthopedic Braces & Support, Casting and Splints Trends and Forecast
The future of the global orthopedic braces & support, casting and splints market looks promising with opportunities in the orthopedic clinics, hospitals, over the counter, and e-commerce markets. The global orthopedic braces & support, casting and splints market is expected to reach an estimated $8.9 billion by 2030 with a CAGR of 6.1% from 2024 to 2030. The major drivers for this market are increasing incidence of orthopedic diseases, high occurrence of accidents, and surge in geriatric population.
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Orthopedic Braces & Support, Casting and Splints by Segment
The study includes a forecast for the global orthopedic braces & support, casting and splints by type, distribution channel, and region.
Orthopedic Braces & Support, Casting and Splints Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Orthopedic Braces And Supports
• Casting Supplies & Equipment
• Splinting Supplies & Equipment
Orthopedic Braces & Support, Casting and Splints Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:
• Orthopedic Clinics
• Hospitals
• Over The Counter
• E-Commerce
Orthopedic Braces & Support, Casting and Splints Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Orthopedic Braces & Support, Casting and Splints Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies orthopedic braces & support, casting and splints companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the orthopedic braces & support, casting and splints companies profiled in this report include-
• 3M
• Össur Corporate
• BSN medical
• DeRoyal Industries
• DJO Global
• Orfit Industries
• Spencer Italia
• Prime Medical
• Breg
• Stryker Corporation
Orthopedic Braces & Support, Casting and Splints Market Insights
Lucintel forecasts that orthopedic braces and supports is expected to witness the highest growth over the forecast period due to growing incidence of orthopedic ailments and conditions.
Within this market, hospitals will remain the largest segment due to growing number of hospital across the world.
North America will remain the largest segment over the forecast period due to rising elderly population and growing number of surgical procedures in the region.
Features of the Global Orthopedic Braces & Support, Casting and Splints Market
Market Size Estimates: Orthopedic braces & support, casting and splints market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Orthopedic braces & support, casting and splints market size by type, distribution channel, and region in terms of value ($B).
Regional Analysis: Orthopedic braces & support, casting and splints market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, distribution channels, and regions for the orthopedic braces & support, casting and splints market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the orthopedic braces & support, casting and splints market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the orthopedic braces & support, casting and splints market size?
Answer: The global orthopedic braces & support, casting and splints market is expected to reach an estimated $8.9 billion by 2030.
Q2. What is the growth forecast for orthopedic braces & support, casting and splints market?
Answer: The global orthopedic braces & support, casting and splints market is expected to grow with a CAGR of 6.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the orthopedic braces & support, casting and splints market?
Answer: The major drivers for this market are increasing incidence of orthopedic diseases, high occurrence of accidents, and surge in geriatric population.
Q4. What are the major segments for orthopedic braces & support, casting and splints market?
Answer: The future of the orthopedic braces & support, casting and splints market looks promising with opportunities in the orthopedic clinics, hospitals, over the counter, and e-commerce markets.
Q5. Who are the key orthopedic braces & support, casting and splints market companies?
Answer: Some of the key orthopedic braces & support, casting and splints companies are as follows:
• 3M
• Össur Corporate
• BSN medical
• DeRoyal Industries
• DJO Global
• Orfit Industries
• Spencer Italia
• Prime Medical
• Breg
• Stryker Corporation
Q6. Which orthopedic braces & support, casting and splints market segment will be the largest in future?
Answer: Lucintel forecasts that orthopedic braces and supports is expected to witness the highest growth over the forecast period due to growing incidence of orthopedic ailments and conditions.
Q7. In orthopedic braces & support, casting and splints market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest segment over the forecast period due to rising elderly population and growing number of surgical procedures in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the orthopedic braces & support, casting and splints market by type (orthopedic braces and supports, casting supplies & equipment, and splinting supplies & equipment), distribution channel (orthopedic clinics, hospitals, over the counter, and e-commerce), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Orthopedic Braces & Support, Casting And Splints Market, Orthopedic Braces & Support, Casting And Splints Market Size, Orthopedic Braces & Support, Casting And Splints Market Growth, Orthopedic Braces & Support, Casting And Splints Market Analysis, Orthopedic Braces & Support, Casting And Splints Market Report, Orthopedic Braces & Support, Casting And Splints Market Share, Orthopedic Braces & Support, Casting And Splints Market Trends, Orthopedic Braces & Support, Casting And Splints Market Forecast, Orthopedic Braces & Support, Casting And Splints Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Orthopedic Braces & Support, Casting and Splints Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Orthopedic Braces & Support, Casting and Splints Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Orthopedic Braces & Support, Casting and Splints Market by Type
3.3.1: Orthopedic Braces and Supports
3.3.2: Casting Supplies & Equipment
3.3.3: Splinting Supplies & Equipment
3.4: Global Orthopedic Braces & Support, Casting and Splints Market by Distribution Channel
3.4.1: Orthopedic Clinics
3.4.2: Hospitals
3.4.3: Over The Counter
3.4.4: E-Commerce
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Orthopedic Braces & Support, Casting and Splints Market by Region
4.2: North American Orthopedic Braces & Support, Casting and Splints Market
4.2.2: North American Orthopedic Braces & Support, Casting and Splints Market by Distribution Channel: Orthopedic Clinics, Hospitals, Over The Counter, and E-Commerce
4.3: European Orthopedic Braces & Support, Casting and Splints Market
4.3.1: European Orthopedic Braces & Support, Casting and Splints Market by Type: Orthopedic Braces and Supports, Casting Supplies & Equipment, and Splinting Supplies & Equipment
4.3.2: European Orthopedic Braces & Support, Casting and Splints Market by Distribution Channel: Orthopedic Clinics, Hospitals, Over The Counter, and E-Commerce
4.4: APAC Orthopedic Braces & Support, Casting and Splints Market
4.4.1: APAC Orthopedic Braces & Support, Casting and Splints Market by Type: Orthopedic Braces and Supports, Casting Supplies & Equipment, and Splinting Supplies & Equipment
4.4.2: APAC Orthopedic Braces & Support, Casting and Splints Market by Distribution Channel: Orthopedic Clinics, Hospitals, Over The Counter, and E-Commerce
4.5: ROW Orthopedic Braces & Support, Casting and Splints Market
4.5.1: ROW Orthopedic Braces & Support, Casting and Splints Market by Type: Orthopedic Braces and Supports, Casting Supplies & Equipment, and Splinting Supplies & Equipment
4.5.2: ROW Orthopedic Braces & Support, Casting and Splints Market by Distribution Channel: Orthopedic Clinics, Hospitals, Over The Counter, and E-Commerce
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Orthopedic Braces & Support, Casting and Splints Market by Type
6.1.2: Growth Opportunities for the Global Orthopedic Braces & Support, Casting and Splints Market by Distribution Channel
6.1.3: Growth Opportunities for the Global Orthopedic Braces & Support, Casting and Splints Market by Region
6.2: Emerging Trends in the Global Orthopedic Braces & Support, Casting and Splints Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Orthopedic Braces & Support, Casting and Splints Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Orthopedic Braces & Support, Casting and Splints Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: 3M
7.2: Össur Corporate
7.3: BSN medical
7.4: DeRoyal Industries
7.5: DJO Global
7.6: Orfit Industries
7.7: Spencer Italia
7.8: Prime Medical
7.9: Breg
7.10: Stryker Corporation
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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