According to FutureWise analysis the market for orthotic devices orthotic splints and orthopedic braces and support is expected to reach US$ 9.96 billion by 2031 at a CAGR of 5.00%.
The aim of orthopaedic devices is to replace joints or bones that have been lost or to provide support for bones that have been damaged. Devices are made from titanium alloy and stainless steel, and the plastic coating acts as artificial cartilage. Internal fixation is a surgery in orthopedics that involves implantation of implants to repair the damaged bone. The most common orthopedic medical devices are rods, pins, plates, and screws, used to anchor fractured bones as they heal. The splint is a medical device that immobilizes the injured or damaged bones to enhance the healing process. In addition to supporting the muscle and bones, the device reduces swelling and pain. Splints are noncircumferential devices. You can use a splint for fractures, soft tissue sprains or tendon injuries, or for injuries awaiting orthopedic treatment.
Various orthopedic diseases and disorders such as osteoarthritis, rheumatoid arthritis, osteoporotic fractures, and carpal tunnel syndrome are increasingly managed with orthopedic braces and supports. When compared to alternative therapies such as pain medications, these products offer greater clinical effectiveness and faster patient recovery. Support and bracing products are very effective in the management of orthopedic disorders and diseases, with physicians and orthopedic surgeons considering these products clinically necessary for specific conditions. Nevertheless, there are certain cases (depending on the severity of the disease and its side effects as well as the patient's physiology and age) when bracing products are not appropriate. The growth of Orthotic Devices, Orthotic Splints, and Orthopedic Braces and Support market is attributed to these factors.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Orthotic Devices Orthotic Splints and Orthopedic Braces and Support Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Orthotic Devices Orthotic Splints and Orthopedic Braces and Support Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.