The Europe Orthopedic Braces & Supports Market would witness market growth of 5.5% CAGR during the forecast period (2022-2028).
The rising prevalence of orthopedic diseases and disorders, greater product affordability and market availability, continuous product commercialization, rising number of sports and accident-related injuries, and growing public awareness of preventive care are all driving growth in the orthopedic braces and supports market. Increased sales of off-the-shelf and online products, as well as major product manufacturers' development and promotion initiatives, are likely to create a diverse variety of growth prospects for market participants.
Braces and supports are less uncomfortable than intrusive therapies, aid in faster healing, and lower the risk of post-surgical problems. Patients all across the world prefer orthopedic braces and supports because of these features. Consumers nowadays spend a substantial portion of their day in front of computers, televisions, and smart devices, resulting in minor and major musculoskeletal deformities and dysfunctions. As a result, there is a steady increase in the demand for braces and supports.
The presence of advanced healthcare infrastructure, modern products, and qualified expertsis contributing to the growing demand for orthopedic braces and supports across this region in the near future. Another important factor expected to promote regional market expansion is the growing demand for sophisticated therapies and products in Europe. In addition, the increased prevalence of obesity in Europe has aided the growth of the Europe Orthopedic Braces and Supports Market. Obesity rates have risen in many nations in the WHO European Region. Obesity continues to increase at an alarming rate across Europe. Conventional remedies such as nonsteroidal anti-inflammatory medications (NSAIDs) and/or opiates, on the other hand, are present.
The Germany market dominated the Europe Orthopedic Braces & Supports Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $321.3 million by 2028. The UK market poised to grow at a CAGR of 4.7% during (2022 - 2028). Additionally, The France market would witness a CAGR of 6.3% during (2022 - 2028).
Based on Type, the market is segmented into Soft & Elastic, Hard, and Hinged. Based on End User, the market is segmented into Knee, Ankle, Foot Walkers & Orthoses, Elbow, Hand & Wrist, Shoulder, Hip, Back, & Spine, and Others. Based on Distribution Channel, the market is segmented into Hospitals & Surgical Centres, Orthopedic Clinics, Pharmacies & Retailers, E-commerce platforms, and Others. Based on Application, the market is segmented into Ligament Injury, Osteoarthritis, Compression Therapy, Preventive Care, Post-operative Rehabilitation, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Orthopedic Braces & Supports Market Size will Hit $5.1 Billion by 2028, at a CAGR of 6.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include DJO Global (Colfax Corporation), 3M Company, Essity AB, Ossur Hf., Orthofix Medical, Inc. (Breg, Inc.), Zimmer Biomet Holdings, Inc., Ottobock SE & Co. KGaA, Nippon Sigmax Co., Ltd., Bauerfeind AG, and Becker Orthopedic.
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