Canada Orthopedic Braces & Supports Market research report, 2028

In Canada, the increased prevalence of obesity and associated lifestyle problems is expected to increase the frequency of orthopaedic diseases and disorders in the coming years, as obese consumers are at a higher risk of orthopaedic and musculoskeletal injuries as well as diabetes. Orthopaedic braces and supports have several advantages over traditional products, such as lower cost, improved efficacy, increased patient comfort, and ease of use. Key companies are rapidly developing customized solutions to treat a variety of orthopaedic ailments as well as meet untapped market demand. Consumer preferences for orthopaedic braces are increasing in both developed and emerging economies, owing to an increase in the number of affluent consumers and the product's easy availability on the market. In addition, sprains, ligament injuries, and fractures are common musculoskeletal injuries in sports and other physical activities. As a result, the growing public's participation in such activities is driving the prevalence of these illnesses. Orthopaedic braces and supports are rapidly becoming recognized as a viable clinical alternative to orthopaedic surgeries for conditions such as rheumatoid arthritis, gout, osteoporosis, and fractures. Various public-private sports organisations and medical professionals are holding workshops, conferences, and symposiums to raise consumer awareness about orthopaedic injury clinical care. According to the research report "Canada Orthopedic Braces & Supports Market research report, 2028," published by Actual Market Research, the Canada Orthopedic Braces & Supports market was valued at more than USD 155.06 Million in 2022. The ageing Canadian population is driving up demand for orthopaedic braces and supports. As people get older, they are more likely to develop conditions like arthritis and osteoporosis, which can cause joint pain and limited mobility. Orthopaedic braces and supports can assist in the management of these conditions and the improvement of quality of life. Furthermore, Canada's ageing population is increasing demand for orthopaedic braces and supports. As people get older, they are more likely to develop conditions like arthritis and osteoporosis, which can cause joint pain and limited mobility. Orthopaedic braces and supports can assist in the management of these conditions and the improvement of quality of life. In addition, 3D printing technology is increasingly being used in the manufacture of orthopaedic braces and supports in Canada. This enables greater customization and faster production times, resulting in lower costs and greater accessibility for patients. Knee braces and supports are the dominant product segment in the Canadian orthopaedic braces and supports market. Furthermore, knee injuries are a common problem in Canada, particularly among athletes and older adults. This has led to a high demand for knee braces and supports as a way to manage pain and prevent further injury. Moreover, knee braces and supports are commonly used as part of rehabilitation programmes for patients recovering from knee injuries or surgeries. This has led to increased demand for these products in healthcare settings. In addition, there are several types of knee braces and supports that are popular among people in Canada, including knee sleeves, hinged knee braces, prophylactic knee braces, unloader knee braces, and patellofemoral knee braces. Furthermore, hip, back, and spine braces and supports are expected to grow at the highest CAGR during the forecast period. Furthermore, chronic conditions such as lower back pain are becoming increasingly common in Canada. Hip, back, and spine braces and supports can help manage these conditions by providing support and compression to the affected areas. Moreover, advances in technology have led to the development of new materials and designs for hip, back, and spine braces and supports. For instance, some products use 3D printing technology to create customized braces that conform to an individual's anatomy. Based on distribution Channel, the market is segmented into Hospitals and Surgical Centres, Orthopedic Clinics, Pharmacies & Retailers, E-commerce platforms, Other End Users (physiotherapy centers, government regulatory organizations, academic institutes, and CROs, among others). Hospitals and surgical centres are important distribution channels for orthopaedic braces and supports. They are used for post-surgery rehabilitation, injury management, and the treatment of chronic conditions. Some of the popular hospitals and surgical centers in Canada include Sunnybrook Health Sciences Centre, St. Michael's Hospital, Toronto Western Hospital, and Vancouver General Hospital. Furthermore, orthopaedic clinics specialize in the treatment of musculoskeletal disorders and are important distribution channels for orthopaedic braces and supports. These clinics offer specialized care and often have a wide range of braces and supports available. Some popular orthopaedic clinics in Canada include The Orthopaedic Therapy Clinic, The Canadian Centre for Orthopaedic Therapy, and The Orthopaedic Centre. In addition, with the growth of e-commerce, online platforms have become important distribution channels for orthopaedic braces and supports. These platforms offer a wide range of products and provide convenience and accessibility to consumers. Some popular e-commerce platforms in Canada include Amazon, Well.ca, and Healthy Planet. On other hand, companies in the Canadian orthopaedic braces and supports market are increasingly collaborating with healthcare providers to develop new products and improve patient outcomes. In the future, these collaborations are expected to result in more innovation and improved product offerings. For instance, Össur, a manufacturer of prosthetic and orthopaedic devices, has partnered with Custom Rehab, a Canadian distributor of orthopaedic products, to expand their reach in the Canadian market. Furthermore, Stryker Canada, a medical technology company, has partnered with Emovi, a Canadian healthcare technology company, to distribute their KneeKG technology, which is used to diagnose knee injuries and conditions. Moreover, Breg Canada, a provider of orthopaedic braces and supports, has partnered with Alex Orthopaedic, a Canadian manufacturer of custom orthotics, to offer a wider range of products and services to their customers. In March 2021, Bio Skin, a company specializing in orthopaedic braces and supports, launched a new collection of knee braces in Canada. The collection includes braces for a variety of conditions, such as patella tracking, arthritis, and ligament injuries, and features a lightweight, breathable design for improved comfort. Furthermore, in October 2020, Innovation Health Group, a Canadian healthcare company, launched a new back brace designed to correct posture and alleviate back pain. The brace features a unique design that helps to retrain the muscles of the back and encourage proper alignment. Moreover, in February 2020, Össur, a global provider of orthopaedic solutions, launched a new foot and ankle brace in Canada. The brace features a unique design that provides customized support for a variety of foot and ankle conditions and is designed to be comfortable and easy to use. Considered in this report • Geography: Canada • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Canada Orthopedic Braces & Supports market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product • Knee Braces and Supports • Ankle Braces and Supports • Foot Walkers and Orthoses • Hip, Back, And Spine Braces and Supports • Shoulder Braces and Supports • Elbow Braces and Supports • Hand & Wrist Braces and Supports • Facial Braces and Supports By Distribution Channel • Hospitals and Surgical Centres • Orthopedic Clinics • Pharmacies & Retailers • E-commerce platforms • Other End Users The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Orthopedic Braces & Supports industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.