Orthopedic Braces & Support, Casting and Splints Market Report: Trends, Forecast and Competitive Analysis to 2030

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
• Ossur 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
• Ossur 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?