The new report by Expert Market Research titled, ‘South Africa Orthopaedic Braces and Supports Market Report and Forecast 2022-2027’, gives an in-depth analysis of the South Africa orthopaedic braces and supports market, assessing the market based on its segments like products, types, applications, end-use and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Historical Market Size (2020): USD 13.88 million
• Forecast CAGR (2022-2027): 5.30%
• Forecast Market Size (2027): USD 18.89 million
The orthopaedic braces and supports market is being driven by the increased prevalence of musculoskeletal disorders due to the adoption of unhealthy and sedentary lifestyle habits by the middle-class population. The rising incidences of road accidents owing to drinking, speeding, distracted and reckless driving can also be attributed to the growth of the market. In addition, the significant increase in cash-in-transit heists in South Africa is also aiding the growth of the market. The rising investments from key players towards enhancing the orthopaedic braces and supports technology is expected to aid the market growth in the forecast period. In post-COVID days, as the various sectors recover from the negative impacts of the pandemic, the product is likely to witness a rise in demand.
Industry Definition and Major Segments
Orthopaedic braces and supports are medical devices designed to help people with musculoskeletal problems. These devices aid in the realignment, support, stabilisation, and correction of any wounded area. Furthermore, by immobilising the wounded area, these braces aid to prevent straining, which helps to lessen pain, discomfort, and swelling. These devices, which include spinal braces, shoulder and wrist supports, and others, come in a range of shapes and sizes to aid in the treatment of various body areas.
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The South Africa orthopaedic braces and supports market, on the basis of product, can be segmented into:
• Lower Extremity Braces and Supports
• Spinal Braces and Supports
• Upper Extremity Braces and Supports
• Others
On the basis of type, the market can be categorised into:
• Soft and Elastic Braces and Supports
• Hinged Braces and Supports
• Hard and Rigid Braces and Supports
• Others
On the basis of application, the market can be segmented into:
• Ligament Injury
• Preventive Care
• Post-Operative Rehabilitation
• Osteoarthritis
• Others
On the basis of end-use, the market can be categorised into:
• Orthopaedic Clinics
• Hospitals and Surgical Centres
• Over-the-Counter (OTC) Platforms
• Others
The regional markets for orthopaedic braces and supports include:
• Eastern Cape
• Free State
• Gauteng
• KwaZulu-Natal
• Limpopo
• Mpumalanga
• Northern Cape
• North West
• Western Cape
Market Trends
The rising popularity of health consciousness among the youth and middle-class population following the COVID-19 pandemic is anticipated to aid the market. The increased demand for orthopaedic braces and support and treatments product can easily assess the health status along with blood glucose levels. Further, the growing geriatric population in countries like Japan, Italy, Germany and Greece is expected to further enhance the product demand. The increasing efforts by the governments of various nations to support orthopaedic braces and support treatments is likely to be another key trend bolstering the market growth in the forecast period. The rapid technological advancements and increasing investments by key players to develop innovative solutions with latest features are anticipated to significantly contribute to the market growth.
Key Market Players
The major players in the market are Ottobock SE & Co. KGaA, DJO, LLC, Össur hf, Du Toit Orthopaedics Inc, Essity Aktiebolag, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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