Orthopedic Braces & Support, Casting & Splints Market, by Type (Orthopedic Braces and Supports (Upper Extremity Braces and Support and Low Extremity Braces and Support), Casting Supplies & Equipment, and Splinting Supplies & Equipment), by Distribution Channel (Orthopedic Clinics, Hospitals, OTC, and E-Commerce), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Oct 2022

Code : CMI417

Pages :177

Formats :

Excel and PDF

Industry : Medical Devices

Orthopedic Braces & Support, Casting & Splints MarketSize and Trends

Global orthopedic braces & support, casting & splints market is estimated to be valued at US$ 7,399.5 million in 2022 and is expected to exhibit a CAGR of 6.5% during the forecast period (2022-2030).

Figure 1. Global Orthopedic Braces & Support, Casting & Splints Market Share (%), by Type, 2022

Global Orthopedic Braces & Support, Casting & Splints Market: Driver

Increasing prevalence of orthopedic diseases & disorders is expected to drive growth of the global orthopedic braces & support, casting & splints market

Increasing prevalence of orthopedic diseases & disorders such as osteoarthritis is expected to drive market growth over the forecast period. For instance, according to the world health organization (WHO), as on 14 July, 2022, there are about 528 million people suffering from osteoarthritis globally.

Figure 2. Global Orthopedic Braces & Support, Casting & Splints Market Share (%), by Region, 2022

Increasing geriatric population is expected to propel growth of the global orthopedic braces & support, casting & splints market over the forecast period.

Increasing geriatrics population is expected to drive market growth over the forecast period. For instance, according to the world health organization (WHO), on 1 October, 2022, between 2015 and 2050, the proportion of the world's population over 60 years will nearly get double from 12% to 22% and by 2050, the world’s population of people aged 60 years and older will be around 2.1 billion.