Rising public awareness about preventive care could generate new growth strides in the orthopedic support systems market over the coming years.
Rising public awareness about preventive care could generate new growth strides in the orthopedic support systems market over the coming years. Given to a surge in the prevalence of chronic illnesses, several organizations and hospitals are driving preventive care awareness initiatives throughout the world. These initiatives could propel the number of patients opting to use orthopedic support systems.
There is also a rise in the number of stress-induced back-pain, scoliosis, and ruptured discs, along with wide foot related issues. Additionally, increasing incidence of obesity and rheumatoid arthritis is elevating the number of people unable to move and walk, which is likely to boost the product demand.
Considering this demand, firms in the market are focusing on new product launches. For example, in 2021, orthopedic bracing and billing services firm Breg, Inc., introduced two new product lines of spinal orthoses, called Pinnacle and Ascend, that have been designed to enhance the care for spinal injury patients.
Meanwhile, in 2020, global provider of medical technologies DJO, LLC announced the launch of its new stemless shoulder system that offers a less invasive, bone-sparing solution. Based on such developments, Global Market Insights, Inc., estimates that the orthopedic support systems market is anticipated to grow over USD 5.1 billion by 2027.
To access sample pages of this report titled, “Orthopedic Support Systems Market Size By Product (Braces, Splint, Bandage & Sleeves, Strap), By Application (Upper Body Extremities {Shoulder, Elbow, Hand and Wrist}, Lower Body Extremities {Ankle, Knee, Foot, Hip and Back}), By Patient (Adult, Paediatric), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents, please click on the link below:
https://www.gminsights.com/request-sample/detail/4944
Elaborated below are some of the trends that may propel orthopedic support systems market outlook:
- Robust demand for splints
The splint segment held a valuation of over USD 670 million in 2020 owing to the hardness of splints which is used as a support to protect and join the torn ligaments, tendons, and broken bones. Splints offer immobilization to the area where the bones are broken and help in bone recovery and muscle maintenance. Splinting materials like plaster splints, fiberglass splints, and other splinting accessories are in tremendous demand.
- Increasing application in pediatrics
Product usage in the pediatric segment accounted for a significant share of over USD 336 million in 2020 due to the rising number of child injuries. Unintentional injuries make up for 90% of child injuries. These injuries are a key healthcare problem that requires immediate attention. Moreover, the number of children born with musculoskeletal and bone disorders such as spinal and limb deformity is rapidly growing, which is fueling the need for orthopedic support systems worldwide.
- Brazil emerging as a lucrative business ground
The Brazil orthopedic support systems market registered more than USD 44 million in 2020 on account of the developing healthcare infrastructure and a high number of skilled healthcare professionals. The country is witnessing a growing number of sport-related orthopedic injuries and illnesses, as well as rising awareness regarding preventive care, hence augmenting the regional industry share.
About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Website: https://www.gminsights.com