Meticulous Research®, a leading provider of market research solutions, has released its latest comprehensive report titled, "Orthopedic Braces & Supports Market by Product (Knee, Shoulder, Ankle, Spine, Hand, Neck), Type (Soft, Hinged & Hard), Application (ACL, LCL, Osteoarthritis, Preventive Care), Distribution Channel (E-commerce, Hospital, Pharmacy)—Global Forecast to 2029." This report foresees the global oraccthopedic braces & supports market to achieve a remarkable CAGR of 4.2% from 2020 to 2029, ultimately reaching a valuation of $4.44 billion by the end of 2029.

Orthopedic braces & supports serve both therapeutic and preventive purposes. They offer support and aid in recovery from orthopedic illnesses while also providing preventive care during physical activities such as walking, exercising, or sports. These vital aids reduce occupational injuries and are employed around various joints including the elbow, ankle, knee, and wrist. They facilitate joint movements, reduce weight on painful areas, enhance stability, and mitigate tendon/muscular contractions at specific sites.
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Crucial for recovery and rehabilitation, braces & supports play a pivotal role in addressing injuries based on their severity and type. Particularly, they find extensive use in sports-related injuries like knee ligament injuries and ankle sprains, offering compression, joint stability, and pain alleviation.
The report segments the global orthopedic braces and supports market based on product type, encompassing knee braces & supports, foot walkers & orthoses, and back, hip, and spine braces & supports. These products come in various forms such as soft & elastic, hard & rigid, and hinged braces & supports, catering to diverse therapeutic needs.
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Impact of COVID-19 on the Orthopedic Braces & Supports Market
The COVID-19 pandemic inflicted a temporary setback on the global orthopedic braces & supports market. Reduced elective surgeries, postponed sports activities, and patients' reluctance to visit clinics contributed to a slowdown in market growth. Furthermore, nationwide lockdowns in key regions like Asia-Pacific and Europe disrupted raw material supplies, leading to a global manufacturing downturn. However, a gradual recovery was observed in the latter part of the pandemic.
The report extensively analyzes the global orthopedic braces & supports market, segmenting it by product, type, application, distribution channel, and geography. Key findings indicate that knee braces & supports hold the largest market share due to their widespread use in preventive care. Similarly, soft and elastic braces & supports dominate the market owing to their flexibility and affordability.
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Regionally, North America leads the market, followed by Europe, with Asia-Pacific projected to witness the highest growth rate. Factors driving growth in this region include a burgeoning geriatric population, rising incidences of ligament injuries, and governmental initiatives to bolster domestic manufacturing.
The report also provides a detailed examination of the strategic developments undertaken by key market players between 2020 and 2022. Notable activities include product launches, collaborations, agreements, and expansions.
Key Players:
Bauerfeind AG (Germany), Zimmer Biomet Holdings, Inc. (U.S.), 3M Company (U.S.), Össur hf. (Iceland),Breg, Inc. (U.S.), Enovis Corporation (U.S.), Bird & Cronin, LLC (U.S.), DeRoyal Industries, Inc. (U.S.), Essity Aktiebolag (publ) (Sweden), Ottobock SE & Co. KGaA (Germany)

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