The Orthopedic Accessories Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Orthopedic Accessories Global Market Report 2024, The orthopedic accessories market size has grown steadily in recent years. It will grow from $3.36 billion in 2023 to $3.48 billion in 2024 at a compound annual growth rate (CAGR) of 3.5%. The growth in the historic period can be attributed to aging population, orthopedic injuries, rehabilitation and physical therapy, lifestyle and fitness trends.
The orthopedic accessories market size is expected to see steady growth in the next few years. It will grow to $3.92 billion in 2028 at a compound annual growth rate (CAGR) of 3.0%. The growth in the forecast period can be attributed to emerging markets growth, regulatory support and reimbursement, technological innovation, value-based healthcare. Major trends in the forecast period include smart orthopedic accessories, eco-friendly materials, patient engagement, tele-rehabilitation and remote monitoring.
The increase in the number of medical cases due to road and sports accidents is driving the Orthopaedic Accessories market. The probability of bones and other muscle tissues getting ruptured is high in the road and sports accidents, thus requiring orthopedic accessories like arm support, knee braces, and hip support for providing rigid support to the ruptured tissue and broken joint/bones during the treatment. Orthopaedic accessories immobilize the bones and give them time to heal. Also, orthopaedic accessories like bone cement and casting help in joining broken bones and filling in the void present in or between the bones. According to a report published by WHO, around 20-50 million people globally receive non-fatal injuries every year due to road accidents. Similarly, according to a survey by Stanford Children’s Health, more than 3.5 million children aged 14 or younger get hurt every year by playing sports or by participating in some recreational activity. As the number of road and sports accidents increases, the number of medical cases requiring orthopaedic accessories to get proper treatment will increase, thus driving the orthopaedic accessories market.
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The orthopedic accessories market covered in this report is segmented –
1) By Type: Bone Cement; Casting System; Removal System
2) By Application: Hip; Knee; Spine
3) By End User: Hospital; Orthopedic Clinic; Trauma Fixation Center
The orthopedic accessories market report table of contents includes:
- Executive Summary
- Orthopedic Braces And Support Devices And Equipment Market Characteristics
- Orthopedic Braces And Support Devices And Equipment Market Trends And Strategies
- Orthopedic Braces And Support Devices And Equipment Market – Macro Economic Scenario
- Global Orthopedic Braces And Support Devices And Equipment Market Size and Growth
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- Global Orthopedic Braces And Support Devices And Equipment Market Competitive Benchmarking
- Global Orthopedic Braces And Support Devices And Equipment Market Competitive Dashboard
- Key Mergers And Acquisitions In The Orthopedic Braces And Support Devices And Equipment Market
- Orthopedic Braces And Support Devices And Equipment Market Future Outlook and Potential Analysis
- Appendix
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