What are the Historical Developments and Current Growth Metrics of the Orthopedic Support Systems Market?
The orthopedic support systems market has seen considerable growth due to a variety of factors.
• In recent times, there has been significant growth in the market size of orthopedic support systems. Projections indicate a rise from $3.6 billion in 2024 to $3.93 billion in 2025, representing a compound annual growth rate (CAGR) of 9.2%.
The remarkable increase during the historic phase is due to progress in material science and surgical techniques, heightened instances of sports-related injuries, an aging population, and better public awareness and education on the subject.
What Is The Projected Growth Of The Orthopedic Support Systems Template Market?
The orthopedic support systems market is expected to maintain its strong growth trajectory in upcoming years.
• The market for orthopedic support systems is projected to exhibit robust expansion in the ensuing years, with the expectation to hit $5.55 billion in 2029, fueled by a compound annual growth rate (CAGR) of 9.0%.
The projected increase during this period can be credited to factors such as the escalation in chronic illnesses, involvement in sports, the advent of telehealth and remote supervision, and a focus on environmental friendliness. Key trends for the forecast duration include the assimilation of wearable technology, the employment of less invasive methods, the utilization of telehealth and distant observation, the advent of orthopedic rehabilitation robotics, and the adoption of value-centric care frameworks.
What Are The Key Drivers Fueling Growth In The Orthopedic Support Systems Market?
The escalation in instances of musculoskeletal disorders is projected to boost the progression of the orthopedic support systems market in the future. These disorders, which inflict pain and discomfort, involve conditions affecting the body's muscles, bones, nerves, and other soft tissues. The rise in these disorders can be attributed to factors such as aging populations, sedentary lifestyles, obesity, occupational hazards, and poor ergonomics at workplaces. Orthopedic support systems play a vital role in the all-encompassing management of musculoskeletal disorders. They aid in handling these conditions, foster healing and rehabilitation, avert injuries, and uplift functional outcomes. For example, as per the Australian Institute of Health and Welfare, a national Australia-based agency renowned for health and welfare information and statistics, it was estimated that around 7.3 million individuals, or 29% of the population, in Australia were living with chronic musculoskeletal conditions in June 2024. Furthermore, these disorders were pinpointed as either the main or associated reason behind 10,446 fatalities or 40 deaths per 100,000 individuals in 2022. This data, constituting 5.5% of all deaths in that year, underlines the drastic influence of musculoskeletal conditions on public health. Consequently, the rising prevalence of musculoskeletal disorders is catalyzing the expansion of the orthopedic support systems market.
What Are The Principal Market Segments In The Global Orthopedic Support Systems Industry?
The orthopedic support systems market covered in this report is segmented –
1) By Product: Braces And Support, Splint, Bandage And Sleeves, Strap
2) By Patient: Adult, Pediatric
3) By Application: Upper Body Extremities, Lower Body Extremities
Subsegments:
1) By Braces And Support: Knee Braces, Ankle Braces, Back Braces, Wrist Braces, Elbow Braces
2) By Splint: Hand Splints, Leg Splints, Finger Splints
3) By Bandage And Sleeves: Compression Bandages, Elastic Sleeves, Arm Sleeves, Knee Sleeves
4) By Strap: Knee Straps, Shoulder Straps, Elbow Straps, Wrist Straps
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What New Trends Are Influencing The Orthopedic Support Systems Market?
Key players in the orthopedic support systems market are introducing revolutionary products such as VRTX spinal support systems to boost their market presence. The VRTX system is a medical equipment specifically engineered to support and stabilize the spine, helping in the treatment of spinal fractures or instability with the goal of enhancing patient mobility and pain management. For instance, Aspen Medical Products, an American medical equipment production company, debuted their VRTX spinal support system in October 2023. This ground-breaking technology introduces a ready-made design feature with adaptable sizing, ideal for motion restriction in cases of multi-level spinal injuries. Included in the system are a collar, Cervicothoracic Orthosis, Lumbosacral Orthosis, Thoracolumbosacral Orthosis, and Cervico-Thoracolumbosacral Orthosis, ensuring ease of application and preparedness for patients in need of effective care. The VRTX System is available as a ready-to-use solution targeted at reducing length of hospital stays, decreasing complications, and augmenting operational efficiency by honing time and inventory management in healthcare settings.
Who Are the Key Players In The Orthopedic Support Systems Market?
Major companies operating in the orthopedic support systems market report are:
• Johnson & Johnson
• Medtronic plc
• Medline Industries
• Zimmer Biomet Holdings
• Smith & Nephew plc
• Hologic Inc.
• Stryker Corporation
• Ottobock Healthcare
• DJO Global Inc.
• NuVasive Inc.
• Hanger Clinic
• Ossur Corporate
• Wright Medical Group N.V.
• Deroyal Industries
• Performance Health's
• LimaCorporate
• Exactech Inc.
• McDavid Knee Guard Inc.
• Trulife's
• Boston Orthotics & Prosthetics
• Bauerfeind AG
• Mueller Sports Medicine Inc.
• Breg Inc.
• Becker Orthopedic
• Thuasne
• Sigvaris
What Are The Regional Insights Into The Orthopedic Support Systems Market?
North America was the largest region in the orthopedic support systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the orthopedic support systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
