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Technological Innovations Driving the Orthopedic Braces and Supports Market

The global orthopedic braces and supports market size is expected to reach USD 7.01 billion by 2030 and is expected to expand at a CAGR of 7.0% over the forecast period, according to a new report by Grand View Research, Inc. Key factors propelling the market growth include the growing incidence of injury & trauma, the prevalence of chronic diseases such as rheumatoid and osteoarthritis and increasing technological advancements. For instance, in March 2023, Aspen Medical Products, a mobility and pain management solutions provider, partnered with NICE Recovery Systems (NICE) to launch integrated bracing and cold compression solutions for pain management and post-operative care to patients recovering from surgery or injury.

Orthopedic Braces And Supports Market Report Highlights

By product, the braces & supports segment held the largest market share of 74.9% in 2023 and is also expected to witness the fastest growth during the forecast period, owing to the increasing number of osteoarthritis cases, which boosts the demand for products such as braces and support devices

By end-use, the orthopedic clinic segment held the largest share in terms of revenue in 2023. The segment's dominance is attributed to the growing preference for orthopedic consultations for fast and rapid checkups

North America dominated the overall market with a revenue share of 33.7% in 2023, owing to the increasing expenditure on healthcare and rising disposable income

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Osteoporosis is a leading cause of musculoskeletal and joint disorders among the older population, increasing the demand for orthopedic braces. Older individuals are prone to experiencing various musculoskeletal ailments, making them a key demographic driving the market demand for orthopedic braces and supports. For instance, according to the International Osteoporosis Foundation, annually, osteoporosis causes over 8.9 million fractures across the globe, resulting in an osteoporosis fracture every 3 seconds. Similarly, according to the same source, osteoporosis affects approximately 6.3% of men over the age of 50 and 21.2% of women over the age of 50 globally.

As people age, significant changes occur in their neuromuscular and skeletal systems, making them more susceptible to weak arthritis, anterior cruciate ligament (ACL) injuries, and ligament tears. The older population is projected to grow significantly during the forecast period, further driving the demand for orthopedic braces and supports.

The growing prevalence of sport-related injuries is another significant factor contributing to pain, disability, or restricted movement, thereby driving the demand for orthopedic braces and supports. For instance, in Europe, sports injuries account for around 6.2 million people annually. Furthermore, in the U.S., it is projected that 30 million children and adolescents participate in youth sports; among them, 2 million individuals account for sports injuries.

List of top players in Orthopedic Braces And Supports Market

BREG, Inc.

Frank Stubbs Company Inc.

DeRoyal Industries, Inc.

Össur

Fillauer LLC

Ottobock

McDavid

Bauerfeind

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We have segmented the orthopedic braces and supports market-based on product, end-use, and region.

Orthopedic Braces & Supports Product Outlook

Braces & Supports Type

Pain Management Products

Orthopedic Braces & Supports End-use Outlook

Orthopedic Clinics

Over the Counter (OTC)

Hospitals

DME Dealers

Others

Orthopedic Braces & Supports Regional Outlook

North America

Europe

Asia Pacific

Latin America

MEA

Research Methodology

We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

Contact:

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll-Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Explore Horizon, the world's most expansive market research database

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[market-insider]

Starch Derivatives Market Size Worth $74.30 Billion By 2022

Global starch derivatives market is expected to reach USD 74.30 billion by 2022, registering a CAGR of 6.2% over the forecast period. Growing demand for sweeteners in various food items such as bakery & confectionary, carbonated & energy drinks is expected to propel growth over the next seven years. Furthermore, growing pharmaceutical sector in countries such as Saudi Arabia, Brazil, India, China and the U.S. is expected to further increase demand for starch derivatives. Stringent regulations encouraging the use of natural ingredients across various sectors including pharmaceutical, textile, fermentation and cosmetics is likely to propel industry growth. However, fluctuating prices of raw materialscoupled with high R&D cost is expected to be a major restraint affecting growth over the forecast period.

Glucose syrup dominated the global market in the year 2014 and is likely to generate high revenue gains over the seven years, accounting for over USD 44.0 billion by 2022. Increasing consumption of processed meats, ice creams, convenience food, instant dessertsand bakery products are expected to augment demand for the product over the next seven years.

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 Food &beverages segment accounted for the largest application share in 2014 and is expected to witness significant gains at a CAGR of over 6.0%.Rise in product innovation by manufacturers coupled with rising consumer preferences for high quality products is likely to propel growth.

Rising consumer demand for food and beverages, pharmaceutical and personal care products in Latin America and Middle East & Africais expected to propel demand for the product over the next seven years. Moreover, improving economic conditions in the region owing to rapid industrial growth is expected to be the keydrivers. In addition, increasing urbanization and changing consumer lifestyle is expected to increase demand for packaged foods which in turn is anticipated to propel demand for starch derivative industry over the projected period.

As of 2014, Asia Pacific dominated the global market in terms of revenue as well as volume and is expected to witness highest CAGR, growing at over 6.0% from 2015 to 2022. Rapid economic growth led by China and India coupled with capacity expansions in food & beverage industry in the region is likely to have a positive impact on growth.Furthermore, increasing demand for bakery and confectionary products in India, China, Vietnam, Malaysia, and Australia is likely to fuel growth in the region.

Key players in the starch derivatives market include Ingredion Incorporated, Tate & Lyle PLC, Global Bio-chem Technology Group Company Limited, Cargill Inc. and RoquetteFrères. Growing emphasis on developing new and innovative products by manufacturers in order to cater to needs ofvarious industries is likely to promote growth. Cargill Inc. and Roquette have invested heavily in Asia Pacific for capacity expansion of existing plants and to increase the number of manufacturing facilities.

Grand View Research has segmented the global starch Derivatives market on the basis of product, application and region:

Starch Derivatives Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

·         Maltodextrin

·         Glucose Syrup

·         Cyclodextrin

·         Hydrolysates

·         Modified Starch

·         Others 

Starch Derivatives Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

·         Food & Beverages

·         Cosmetics

·         Paper

·         Pharmaceuticals

·         Feed

·         Others

Starch Derivatives Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

·         North America

o    U.S.

·         Europe

o    Germany

·         Asia Pacific

o    China

o    India

·         Latin America

o    Brazil

·         MEA

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Silicone Gel Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

The global silicone gel market is segmented on the basis of product, thickness, and end-use. In terms of product, the global market for silicone gel can be segmented into inorganic silicone gel and organic silicone gel. The inorganic silicone gel segment held a majorshare of the market in 2016 due to easy availability of the product and less price as compared to organic silicone gel. This segment is anticipated to register a declining growth rate during the forecast period. The organic silicone gel segment is estimated to expand rapidlyduring the forecast period. This is attributed to the rising awareness among consumers about the benefits of organic silicone gel over inorganic silicone gel.In terms of thickness, the global market for silicone gel is segmented into above 7.0nm, 5nm to7.0nm, 4.5nm to 5nm, and below 2.5nm. The 5nm to7.0nm segment accounted for a majorshare of the market in 2016 and is anticipated to expand consistently during the forecast period. This is attributed to the wide range of applications that silicone gel finds in various end-use industries.The 4.5nm to 5nmsegment is anticipated to expandrapidly during the forecast period. In terms of end-use, the global silicone gel market can be segregated into electrical & electronics, medical & pharmaceuticals, cosmetic & personal care, and others.The medical & pharmaceuticalssegment held a majorshare of the market in 2016. It isprojectedto expand consistently during the forecast period. This is attributed to varioususes of silicone gel in cosmetic treatments and surgical equipment in the medical & pharmaceuticals industry. The electrical & electronics segment is estimatedto expand rapidlyduring the forecast period.This is attributed to the usage of silicone gel in different electrical and electronic components, which is boostingexpansion of the segment.

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Major drivers driving the global market for silicone gel include superior and efficient properties of silicone gel. It has low toxicity and does not react with different chemicals, which makes it a safe material for all applications. This is propellingthe global silicone gel market. Rapid increase in demand from the electrical &electronics industry is another keydriver fuellingthe global market for silicone gel. Various end-use industries areexhibitingincreased demand for silicone gel for different applications, which is fuelling theglobal silicone gel market. However, high production cost of silicone gel makes it expensive as a raw material and subsequently, small-scale manufacturers are reluctant to use it. This is acting as a major hindrance to the global silicone gelmarket.Additionally, fluctuations in prices of raw materials is also a major hindrance to the silicone gel market. This, in turn,indicateshigh vulnerability in demand for silicone gel.

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This is hindering the silicone gel market.The rapidly expandingLED lighting and solar energy sectors areproving to be a major opportunity forthe global silicone gel market.Moreover, developingcountries of Asia Pacific and Middle East and Africa are also proving to be major opportunity forthe global silicone gel market.

In terms of geography, the global silicone gel market can besegmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific held a prominent share among all the regions in 2016. It is anticipated to expand rapidly during the forecast period. North America followed Asia Pacific in terms of market share in 2016. Itis estimatedexpand rapidly during the forecast period.

Major players operating in the global silicone gel market include Shin-Etsu Chemical Co., Ltd. (Japan), KCC Corporation (South Korea), Momentive Performance Materials Inc. (U.S.), Wacker Chemie AG (Germany), Gelest Inc. (U.S.), Siltech Corporation (Canada),and DOW Corning Corporation (U.S.).

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