The global Orthopedic Braces & Support, Casting & Splints market garnered revenue around USD 5,492.7 million in 2019 and projected to reach USD 9,758.90 million in 2027, with at a compound annual growth rate (CAGR) 5.9% throughout the estimate period from 2020 to 2027.
Orthopedic Braces & Support, Casting & Splints are the instruments and equipment used in the treatment of the musculoskeletal disorders including acute injuries, knee fracture, and unstable knee joint, sports injuries. 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.
Casts and splints are wraps, which are hard in nature and due to this property they are used as a support to protect and join the broken bones, ligaments and tendons. Casts and splints provide immobilization to the area from where the bones are broken and maintains the muscle activity and bone recovery. Casts includes plaster casts, casting tapes, cast cutters and other tools and accessories. Splinting material includes fiberglass splints, plaster splints and other tools and accessories. Various type of materials used to make braces such as metal, plastic and fiber glass. Earlier the braces were made using cardboard, plastic and other natural readily available materials
This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.
The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded,COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Orthopedic Braces & Support, Casting & Splints market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Orthopedic Braces & Support, Casting & Splints market growth.
The global Orthopedic Braces & Support, Casting & Splints market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.
Major manufacturers analysed under this study comprises:
Key players in the global market include 3M, Ossur Corporate, BSN Medical GmbH, DeRoyal Industries, Inc, DJO Global, Orfit Industries n.v., Spencer Italia S.r.l, Prime Medical, Inc., Stryker Corporation, Zimmer Biomet Holdings, Inc., and other Prominent Players
This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:
Regional Analysis and Forecast
Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope: