Orthopedic braces are medical devices designed to address musculoskeletal issues; they are used to properly align, correct the position, support, stabilize, and protect certain parts of the body (particularly the muscles, joints, and bones) as they heal from injury or trauma. These medical devices are often prescribed for the patient to wear during the process of recovery and rehabilitation.
An orthopedic cast, or simply cast, is a shell, frequently made from plaster or fiberglass, encasing a limb (or, in some cases, large portions of the body) to stabilize and hold anatomical structures, most often a broken bone (or bones), in place until healing is confirmed. It is similar in function to a splint.
A splint is a device used for support or immobilization of a limb or the spine. It can be used in multiple situations, including temporary immobilization of potentially broken bones or damaged joints and support for joints during activity.
In the last several years, global market of orthopedic braces & support casting & splints developed rapidly, with an average growth rate of 7.24%. In 2017, global revenue of orthopedic braces & support casting & splints is nearly 4.76 billion USD; the actual production is about 121 million units.
The global average price of orthopedic braces & support casting & splints is in the decreasing trend, from 42.1 USD/Unit in 2013 to 39.3 USD/Unit in 2017. With the situation of global economy, prices will be in decreasing trend in the following five years.
The classification includes the braces & support, casting supplies, splinting supplies, and the proportion of Splinting Supplies in 2017 is about 60%.
Orthopedic braces & support casting & splints is widely used in hospitals, retail pharmacies and online sales. The most proportion of Orthopedic Braces & Support Casting & Splints is sold in hospitals, and the proportion in 2017 is about 52%.
North America is the largest supply place, with a production market share nearly 47% in 2017. Following North America, Europe is the second largest supply place with the production market share of 27%, and the market share of Asia-Pacific is about 17%.
Europe is the largest consumption place, with a consumption market share nearly 31% in 2017. Following Europe, North America is the second largest consumption place with the consumption market share of 30%, and the market share of China is about 22%.
Market competition is intense. DJO Global, Ottobock, Ossur, 3M Company, etc. are the leaders of the industry, with high-end customers.