ORTHOPEDIC BRACES & SUPPORT, CASTING & SPLINTS MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Key Developments:

• In August, 2024, Aspen Medical, a top provider of spinal solutions for pain and mobility management products, launched the Align Orthosis, the first prefabricated TLSO, Thoraco-Lumbo-Sacral Orthosis designed to mitigate post-surgical proximal junctional kyphosis (PJK). The Align Orthosis offers a non-invasive addition to PJK prevention strategies, providing a multifactorial approach to post-operative care and enhancing spine stability and recovery.
• In May 2024, McDavid, a leader in sports medicine and protective gear, introduced its NRG Knee Brace line featuring innovative spring hinge joint assist technology. This technology reduces knee stress by up to 25% and is 60% lighter than traditional hinges, utilizing high-strength polymer for durability.
• In January 2024, Enovis Corporation, a medical technology company, announced the launch of the DonJoy ROAM OA knee brace through its subsidiary, DJO, LLC. Designed for patients with osteoarthritis or knee pain, the innovative unloader brace reduces pressure on the affected knee, relieving pain, enhancing stability, and improving mobility. Suitable for conservative care, pre-surgery preparation, or postoperative protection, the ROAM OA brace supports patients seeking to maintain or increase activity levels.

Top Strategies Followed by Global Orthopedic Braces & Support, Casting & Splints Market Players

• Established players: Leading companies prioritize extensive research and development to innovate high-performance products.
  • For instance, DJO Global (now part of Enovis) expanded its ankle and foot product portfolio in April 2023 by introducing the Enofix with Constrictor technology, enhancing stabilization solutions in orthopedic braces.
• Mid-level companies focus on delivering quality, budget-friendly products targeting price-sensitive consumers.
  • For example, DeRoyal Industries offers a range of orthopedic braces that balance affordability with quality, catering to a broader patient demographic.
• Additionally, top players strategically expand their global footprint by establishing manufacturing and distribution hubs across key regions. DJO recently opened new facilities in India and Brazil to cater to the burgeoning medical markets in developing countries. 3M entered partnerships with local suppliers in China and Europe to bolster supply chains and better serve local customers.

Emerging Startups - Orthopedic Braces & Support, Casting & Splints Industry Ecosystem

• Innovative Technologies: Many startups are developing innovative technologies to disrupt the orthopedic braces & support, casting & splints Wearable X develops smart fabric-based knee braces integrated with sensors to track motion and provide real-time feedback via an app. Bioness uses neuromodulation to relieve pain with devices like the Vector Gait and Safe System exoskeletons. Such advanced technologies could enable remote patient monitoring and virtual rehabilitation, influencing industry trends.
• Sustainable Solutions: Sustainable startups also gaining ground. Arx Pax manufactures 3D printed, fully bioresorbable casts and splints that dissolve harmlessly in the body after healing. ZeroWater produces hygienic, single-use fiberglass casting materials from recycled plastics. Their solutions address both environmental and patient needs, contributing to a greener industry.
• Market Contribution: Startups like Amber Implants address specific needs by developing solutions such as the VCFix spinal system, targeting vertebral fractures without relying on bone cement, thus catering to unique patient requirements.