Orthopedic Braces & Support, Casting & Splints Market Size, Share, Trends, Growth, Consumption, Revenue, Company Analysis and Forecast 2020-2027

Published Date : Nov 2020 | No. of Pages : 200 Pages | Category : Healthcare

The global Orthopedic Braces & Support, Casting & Splints market size surpassed at US$ 5.5 billion in 2019 and to reach US$ 9.8 billion by 2027.

The global Orthopedic Braces & Support, Casting & Splints market is anticipated to grow at a CAGR of 5.8% from 2020 to 2027, Increasing incidences of injuries related to accidents, sports, and adventure, growing ageing & baby boomers population, rising obese population across the globe, increase in healthcare expenditure and technological advancements are projected to drive the global Orthopedic Braces & Support, Casting & Splints market during the forecast period.

Orthopedic Braces & Support, Casting & Splints are the instruments and equipment used in the treatment of the musculoskeletal disorders including acute injuries, knee fracture, and unstable knee joint, sports injuries. Braces are orthopedic products designed to relieve pain in the upper and lower extremity of the body. These also help in recovering from injuries and improve daily life.

Casts and splints are wraps, which are hard in nature and due to this property they are used as a support to protect and join the broken bones, ligaments and tendons. Casts and splints provide immobilization to the area from where the bones are broken and maintains the muscle activity and bone recovery. Casts includes plaster casts, casting tapes, cast cutters and other tools and accessories. Splinting material includes fiberglass splints, plaster splints and other tools and accessories. Various type of materials used to make braces such as metal, plastic and fiber glass. Earlier the braces were made using cardboard, plastic and other natural readily available materials.

Technological advancements in Orthopedic Braces & Support, Casting & Splints to Drive Market

  • Novel technologies and materials are expected to reshape the casting, splinting, braces and support market. 3D printed product expected to offer multiple opportunities in the casting and splinting market. 3D designed casts and splints, known as the Cortex cast, are expected to offer significant opportunities in the market. Furthermore, 3D printed cortex casts are reusable and washable. Thus this technically advanced products offers faster mobility and accelerate the process of innovation.
  • Customized orthopedic braces and support products are popular and offers significant demand among the young and sports athlete patient population. Demand for advanced casting and splinting products such as casting tapes, fiberglass, polyester, and metal splints in these nations is increasing. Prominent companies are taking efforts to introduce advanced technology based casting and splinting products to attract new customers.

Orthopedic braces & support Segment to Dominate Market

  • Based on product, the global Orthopedic Braces & Support, Casting & Splints market has been divided into casting supplies & equipment, splinting supplies & equipment’s, and orthopaedic braces and supports. The casting supplies & equipment segment has been bifurcated into plaster casts, casting tapes, cast cutters, and casting tools and accessories.
  • The orthopaedic braces and supports segment dominated the global Orthopedic Braces & Support, Casting & Splints market in 2019 and the trend is projected to continue during the forecast period. Large number of people wear braces which drives the companies to continuously work on material and technology to provide braces as per requirement of the patient. This in turn is expected to fuel the growth of the orthopedic braces & support segment in the next few years.

North America to Dominate Global Market

  • In terms of region, the global Orthopedic Braces & Support, Casting & Splints market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global Orthopedic Braces & Support, Casting & Splints market in 2019, followed by Europe.
  • North America accounted for major share of the global Orthopedic Braces & Support, Casting & Splints market in 2018, owing to technological advancements, growing incidences of orthopedic injuries, including spots injuries or road accidents coupled with favorable reimbursement policies. According to Los Angeles County Health Survey, osteoporosis is the most common bone disorder in the U.S. with around 10 million people were diagnosed with osteoporosis in the country and 54 million Americans are at risk of breaking bone or have low bone density in year 2018. Moreover, by year 2025, osteoporosis estimated to incur US$ 25.3 billion cost to the United States .This is expected to fuel the growth of the market in the next few years.
  • The Orthopedic Braces & Support, Casting & Splints market in Asia Pacific is anticipated to expand at a high CAGR from 2019 to 2027. This can be attributed to growing aging population, increase in admission of patient due to road accidents, sport injuries , rise in awareness, and developing health care infrastructure. Rising rate of urbanization in India and government efforts to improve health care is prompting corporate hospitals to provide better facilities for enhanced diagnosis in the orthopedic segment

Competitive Landscape

  • The global Orthopedic Braces & Support, Casting & Splints market is fragmented in terms of number of players. Key players in the global market include 3M, Ossur Corporate, BSN Medical GmbH, DeRoyal Industries, Inc, DJO Global, Orfit Industries n.v., Spencer Italia S.r.l, Prime Medical, Inc., Stryker Corporation, Zimmer Biomet Holdings, Inc., and other Prominent Players

Market Segmentation

By Product

    • Casting Supplies & Equipment Market
      • Plaster Casts
      • Casting Tapes
      • Cast Cutters
      • Casting Tools and Accessories
      • Endometrial Ablation Devices
      • Laparoscopes
  • Splinting Supplies & Equipment Market
    • Fiberglass Splints
    • Plaster Splints
    • Other Splints
    • Splinting Tools and Accessories
  • Orthopedic Braces and Supports
    • Upper Extremity Braces and Support
      • Shoulder Braces and Support
      • Neck Braces and Support
      • Elbow Braces and Support
      • Wrist Braces and Support
      • Spinal Braces and Support
    • Low Extremity Braces and Support
      • Knee Braces and Support
      • Ankle Braces and Support
      • Hip Braces and Support

By Distribution Channel

    • Orthopedic Clinics
    • Hospitals
    • Over the Counter (OTC)
    • E-Commerce

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific          
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Scope of Report

VRR’s report on the global Orthopedic Braces & Support, Casting & Splints market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators of the market during the forecast period from 2019 to 2027. The report provides revenue of the global Orthopedic Braces & Support, Casting & Splints market for the period 2017–2027, considering 2020 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global Orthopedic Braces & Support, Casting & Splints market during the forecast period.

The report has been prepared after an extensive primary and secondary research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global Orthopedic Braces & Support, Casting & Splints market.

Secondary research also included Internet sources, statistical data from government agencies, websites, company presentations, sales data, and trade associations. Analysts have employed a combination of top-down and bottom-up approaches to study various phenomenon in the global Orthopedic Braces & Support, Casting & Splints market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on the changing competitive dynamics in the global Orthopedic Braces & Support, Casting & Splints market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global Orthopedic Braces & Support, Casting & Splints market.

The report delves into the competitive landscape of the global Orthopedic Braces & Support, Casting & Splints market. Key players operating in the global Orthopedic Braces & Support, Casting & Splints market have been identified, and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global Orthopedic Braces & Support, Casting & Splints market that have been profiled in this report.

Key Questions Answered in Global Orthopedic Braces & Support, Casting & Splints Market Report

  • What is the scope of growth of product companies in the global Orthopedic Braces & Support, Casting & Splints   market?
  • What will be the Y-o-Y growth of the global Orthopedic Braces & Support, Casting & Splints market between 2019 and 2027?
  • What is the influence of changing trends on the global Orthopedic Braces & Support, Casting & Splints market?
  • Which region will continue to be the most profitable market for Orthopedic Braces & Support, Casting & Splints providers?
  • Which factors are anticipated to hamper the growth of the global Orthopedic Braces & Support, Casting & Splints market during the forecast period?
  • Which are the leading companies in the global Orthopedic Braces & Support, Casting & Splints Market?

Research Methodology

A unique research methodology has been utilized by VRR to conduct comprehensive research on the growth of the global Orthopedic Braces & Support, Casting & Splints market and arrive at conclusions on its growth prospects. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary methods referred to by analysts during the production of the global Orthopedic Braces & Support, Casting & Splints   market report include statistics from company annual reports, SEC filings, company websites, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, Orthopedic, Orthopedic surgeons, Research & Academic Institutes, and Medical Directors, who contributed to the production of VRR’s study on the Orthopedic Braces & Support, Casting & Splints  market as primary methods.

These primary and secondary methods have provided exclusive information during interviews, which serves as a validation from the Orthopedic Braces & Support, Casting & Splints market leaders. Access to an extensive internal repository and external proprietary databases enabled this report to address specific details and questions about the global Orthopedic Braces & Support, Casting & Splints market with accuracy. The study also uses the top-down approach to assess the revenues for each segment and the bottom-up approach to counter-validate them. This has helped in reaching VRR’s estimates on future prospects of the global Orthopedic Braces & Support, Casting & Splints market more reliably and accurately.


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