The future of the global orthopedic braces & support, casting and splints market looks promising with opportunities in the orthopedic clinics, hospitals, over the counter, and e-commerce markets. The global orthopedic braces & support, casting and splints market is expected to reach an estimated $8.9 billion by 2030 with a CAGR of 6.1% from 2024 to 2030. The major drivers for this market are increasing incidence of orthopedic diseases, high occurrence of accidents, and surge in geriatric population.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of the
most promising, high-growth opportunities for the orthopedic braces &
support, casting and splints market by type (orthopedic braces and supports,
casting supplies & equipment, and splinting supplies & equipment),
distribution channel (orthopedic clinics, hospitals, over the counter, and
e-commerce), and region (North America, Europe, Asia Pacific, and the Rest of
the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market,
orthopedic braces and supports, casting supplies & equipment, and splinting
supplies & equipment are the major segments of orthopedic braces &
support, casting and splints market by type. Lucintel forecasts that orthopedic
braces and supports is expected to witness the highest growth over the forecast
period due to growing incidence of orthopedic ailments and conditions.Within
this market, hospitals will remain the largest segment due to growing number of
hospital across the world.
North America will
remain the largest segment over the forecast period due to rising elderly
population and growing number of surgical procedures in the region.
3M, Össur Corporate, Bsn
Medical, Deroyal Industries, Djo Global, Orfit Industries, Spencer Italia,
Prime Medical, Breg, and Stryker Corporation are the major suppliers in the
orthopedic braces & support, casting and splints market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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