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3. DJO LLC (US) and Ossur HF (Iceland) are Leading Players in the Orthopedic Braces & Supports Market

The global orthopedic braces and supports market is projected to reach USD 5.1 billion by 2029 from USD 3.6 billion in 2023, at a CAGR of 5.9% from 2023 to 2029. The orthopedic braces and supports market is seeing steady growth driven by several factors: a rising tide of musculoskeletal issues, fueled by an aging population, increased sports participation, and sedentary lifestyles. This upsurge in back pain, arthritis, injuries, and other conditions creates a greater demand for pain management and rehabilitation, where braces offer non-invasive, often cost-effective solutions.

The orthopedic braces and supports market is moderately competitive, with both established companies and upcoming competitors for the same market share. As of 2022, the key player operating in the global orthopedic braces and supports market are DJO LLC (US), Ossur HF (Iceland), Breg, Inc. (US), Bauerfeind AG (Germany), Essity AB (Sweden), 3M Company (US), Zimmer Biomet (US), Ottobock Healthcare (Germany), Thuasne (France), ALCARE Co., Ltd (Japan), Nippon Sigmax (Japan), Bird & Cronin (US), and DeRoyal Industries (US) among others.

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The key strategies adopted by the top players in this market in the last four years include product launches & expansions, partnerships, acquisitions, and collaborations. In 2022, a major share of the Orthopedic braces and supports market was held by DJO LLC (US), Ossur HF (Iceland), Breg, Inc. (US), Bauerfeind AG (Germany), Essity AB (Sweden), 3M Company (US)

DJO LLC (US)

 DJO LLC is a medical devices company that develops, manufactures, and distributes various medical technologies for physical therapy, rehabilitation, and pain management globally. DJO's orthopedic segment focused on developing and manufacturing a wide range of products, including knee braces, ankle supports, shoulder stabilizers, back braces, and more. These products were designed to aid in injury prevention, post-operative recovery, and rehabilitation for various orthopedic conditions. The company often emphasized innovation in its product development, leveraging advancements in materials science, biomechanics, and medical technology to improve the effectiveness and comfort of its orthopedic devices. Additionally, DJO maintained a significant presence in the sports medicine market, providing products and solutions to athletes and sports professionals for injury prevention and performance enhancement. For example, the company launched its X-ROM Post-Op Knee Brace and the EMPOWR Porous Knee System and EMPOWR Complex Primary Knee System in the past three years.

Ossur HF (Iceland)

The company has a prominent presence in 20 countries across the Americas, Europe, and Asia. With a steadfast commitment to innovation, Össur has established itself as a global leader, consistently pioneering cutting-edge solutions that enhance the mobility and quality of life for individuals with orthopedic challenges. Their prosthetic offerings encompass a diverse range of advanced limb replacements and components, engineered to empower amputees with newfound freedom and functionality. Moreover, Össur's portfolio extends to a comprehensive array of orthopedic braces and supports tailored to address various musculoskeletal conditions, including knee, ankle, back, and wrist support systems, each designed to provide optimal stability and comfort. Through its global presence spanning over 30 countries, Össur serves a diverse clientele, delivering world-class orthopedic products and services to individuals, healthcare professionals, and institutions alike. With a profound commitment to enhancing mobility and enabling active lifestyles, Össur remains at the forefront of the orthopedic industry, shaping the future of prosthetics and orthopedic care with its unwavering dedication to excellence and innovation.

Breg Inc. (US)

Breg Inc. is a leading company in the orthopedic segment, specializing in providing innovative solutions for musculoskeletal injuries and conditions. With a focus on sports medicine, rehabilitation, and orthopedic bracing, Breg has built a reputation for delivering high-quality products designed to enhance patient outcomes and improve quality of life. The company offers a comprehensive range of orthopedic braces, supports, and cold therapy products tailored to meet the diverse needs of patients, athletes, and healthcare professionals.

Renowned for its commitment to innovation and excellence, Breg continuously invests in research and development to stay at the forefront of the orthopedic industry. By leveraging advancements in materials science, biomechanics, and medical technology, Breg develops state-of-the-art orthopedic solutions that offer superior comfort, functionality, and performance. Through its dedication to providing cutting-edge products and exceptional customer service, Breg remains a trusted partner for patients and healthcare providers seeking effective orthopedic solutions.

Related Reports:

Orthopedic Braces & Supports Market by Product (Knee, Ankle, Hip, Spine, Shoulder, Neck, Elbow, Hand, Wrist), Category (Soft, Rigid, Hinged), Application (Ligament (ACL, LCL), Preventive, OA), Distribution (Pharmacies), & Region - Global Forecast to 2029

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Mr. Aashish Mehra
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