The soft support products market is predicted to register a positive CAGR of 6% during the forecast period 2022-2032.
Soft support products are used along with braces to provide the support to the injured bone and the demand for soft support products is on the surge in the recent years as result of increase in the number of fractures, etc.
In addition, the sales of soft support products are expanding owing to rising bone or ligament fractures all around the globe.
| Attributes | Details |
| Soft Support Products Market CAGR | 6% |
| Soft Support Products Market (2022) | US$ 450 Bn |
| Soft Support Products Market (2032) | US$ 805 Bn |
The higher demand for soft support products can also be attributed to injury during sports activities, as soft support products play an effective role in treating the injuries that occur during sports.
Additionally, sales of soft support products are projected to soar as they are used during several medical conditions such as osteoarthrosis, tendonitis, and other medical injuries.
The availability of a wide range of soft support products having different sizes, designs, and color provides impetus to the growing demand for soft support products as the patient can choose the appropriate kind of product according to their need.
The soft supports products market is set to witness disruptive trends ranging from shifting supply chains to cost savings and customer focus, facilitating the spiking demand for soft support products as well as sales of soft support products.
Companies that understand these market trends and align their operations with them will gain significant soft support products market share.
The knee bracing segment augurs well for the sales of soft support products as it is anticipated to be the most dominant segment by product type, which is then followed by spine bracing.
Among all distribution channels, hospitals are the leading segment which is then followed by orthopedic clinics.
The E-commerce segment by distribution channel is expected to show significant growth and facilitate the demand for soft support products during the forecast period.
The increasing prevalence of osteoporosis is the key factor propelling the demand for soft support products worldwide.
Also, a rise in the number of injured cases throughout the globe will boost the sales of soft support products.
Moreover, the availability of literacy to choose the product according to patient needs may upsurge the demand for soft support products.
On the other hand, a lack of awareness among the people in developing countries about the treatment of osteoporosis and tendonitis by soft support products will deter the sales of soft support products.
According to International Osteoporosis Foundation, more than 200 million people are suffering from osteoporosis, and the same is the indication of spiking demand for soft support products.
North America is projected to be the most dominant region for the soft support products market and witness peak demand for soft support products due to the rising prevalence of osteoporosis in the U.S. and Canada.
After North America, sales of soft support products and soft support products market growth is followed by Europe, owing to the increasing adoption of soft support products for sports purposes in this region.
Asia Pacific is predicted to hold significant soft support product market share on account of the rising number of injured cases in India and China.
Sales of soft support products in Latin America and the Middle East and Africa region are expected to slow down and show delayed soft support products market growth owing to a lack of awareness among the people in this region.
Some of the market participants in the soft support products market identified across the value chain are BSN medical, Maple Leaf Orthopaedics, United Ortho, AlboLand, Arden Medika, BASKO Healthcare, CERECARE, Huntex Corporation, Teyder, SANTEMOL Group Medikal, Novamed Medical Products, and others.
| Report Attribute | Details |
| CAGR | 6% |
| Base year for estimation | 2021 |
| Historical data | 2014 - 2020 |
| Forecast period | 2022 - 2032 |
| Quantitative units | Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
| Regional scope | North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand |
| Country scope | U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa |
| Key companies profiled | BSN medical, Maple Leaf Orthopaedics, United Ortho, AlboLand, Arden Medika, BASKO Healthcare, CERECARE, Huntex Corporation, Teyder, SANTEMOL Group Medikal, Novamed Medical Products and others. |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
Availability of wide-range of soft support products for patients to choose as per their need is considered as a key driver in the soft support products market.
North America dominates the soft support products market owing to growing prevalence of osteoporosis in U.S. and Canada.
A few notable players in the soft support products market include BSN medical, Maple Leaf Orthopaedics, United Ortho, AlboLand, Arden Medika, BASKO Healthcare, CERECARE, Huntex Corporation.
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