What is Global Hospital Braces and Supports Market?
The Global Hospital Braces and Supports Market is a vast and dynamic sector that encompasses a wide range of medical devices designed to provide support and stability to various parts of the body. These devices are typically used in hospitals and other healthcare settings to aid in the treatment and management of various conditions and injuries. The market includes products such as knee braces, foot and ankle braces, spinal orthoses, and upper extremity braces. These devices are designed to provide support and stability, reduce pain, and improve mobility for patients suffering from a variety of conditions. The market is driven by a number of factors, including the increasing prevalence of orthopedic conditions, the growing elderly population, and advancements in brace and support technology.
Knee Braces and Supports, Foot and Ankle Braces and Supports, Spinal Orthoses, Upper Extremity Braces and Supports in the Global Hospital Braces and Supports Market:
Knee Braces and Supports, Foot and Ankle Braces and Supports, Spinal Orthoses, and Upper Extremity Braces and Supports are all key segments of the Global Hospital Braces and Supports Market. Knee braces and supports are designed to provide stability and support to the knee joint, helping to alleviate pain and improve mobility in patients with conditions such as arthritis, ligament injuries, and post-operative recovery. Foot and ankle braces and supports are used to treat conditions such as plantar fasciitis, Achilles tendonitis, and ankle sprains. Spinal orthoses are used to treat a variety of spinal conditions, including scoliosis, herniated discs, and spinal fractures. Upper extremity braces and supports, which include wrist, elbow, and shoulder braces, are used to treat conditions such as carpal tunnel syndrome, tennis elbow, and shoulder dislocation.
Ligament Injury, Preventive Care, Osteoarthritis in the Global Hospital Braces and Supports Market:
The Global Hospital Braces and Supports Market plays a crucial role in the treatment and management of various conditions and injuries. For instance, braces and supports are commonly used in the treatment of ligament injuries, which are common in sports and other physical activities. They provide stability and support to the injured ligament, helping to reduce pain and promote healing. Braces and supports are also used for preventive care, helping to prevent injuries in individuals who are at high risk. For example, knee braces are often used by athletes who participate in high-impact sports to prevent knee injuries. In addition, braces and supports are used in the management of osteoarthritis, a degenerative joint disease that affects millions of people worldwide. They help to reduce pain and improve mobility in individuals with osteoarthritis, improving their quality of life.
Global Hospital Braces and Supports Market Outlook:
Looking at the market outlook, the Global Hospital Braces and Supports Market has shown significant growth over the years. In 2023, the market was valued at a substantial US$ 3615 million. The market is projected to continue its upward trajectory, reaching an estimated value of US$ 5466.6 million by 2030. This represents a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2024 to 2030. This growth can be attributed to a number of factors, including the increasing prevalence of orthopedic conditions, the growing elderly population, and advancements in brace and support technology.
| Report Metric | Details |
| Report Name | Hospital Braces and Supports Market |
| Accounted market size in 2023 | US$ 3615 million |
| Forecasted market size in 2030 | US$ 5466.6 million |
| CAGR | 6.1% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | DJO Global, Ottobock, Ossur, 3M Company, Bauerfeind, DeRoyal, Medi GmbH & Co., Zimmer, Lohmann & Rauscher, Breg, THUASNE, ORTEC, BSN Medical, Tynor Orthotics, DUK-IN, Prime Medical, Adhenor, Aspen, Rcai, Truelife, Huici Medical, Dynamic Techno Medicals |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
