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Orthopedic Padding Market Size, Share and Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032
- Report ID: GMI4686
Orthopedic Padding Market size is anticipated to witness a commendable upsurge over 2023-2032, on account of the growing prevalence of osteoporosis worldwide. Healthcare providers are aiming to raise awareness of common bone conditions, contributing to the popularity of orthopedic padding bandages. Likewise, the expansion of the elderly population susceptible to falls and bone fractures will create lucrative prospects for joint padding system manufacturers worldwide.
According to the WHO’s report, by 2030, 1 in 6 people aged will reach 60 years of age and above, with 80% of older people living in middle- and low-income countries. As a result, the demand for orthopedic cast padding solutions will rise, given that arthritis, fractures, and osteoporosis are common issues among older patients.
Orthopedic padding refers to a wide-used supporting material made from natural or synthetic fabrics for surgery and swaddling or bandaging to protect from injuries. Its beneficial properties include low moisture retention, wearability, water-holding capacities, and porosity, allowing air circulation and reducing instances of skin irritation.
The rising adoption of sedentary lifestyles and increasing incidences of obesity will become prominent factors influencing global orthopedic padding market trends. Based on data from McLeod Orthopaedics, in the U.S., more than two-thirds of adults are obese or overweight. Since obesity is a common comorbidity among patients with orthopedic diseases, the growing disease prevalence will bolster the requirement for orthopedic pads for quick healing from fractures. Additionally, the increasing number of motor vehicle traffic crashes and roadway fatalities will hasten the development of medical products such as orthopedic pads.
The orthopedic padding industry size from the polyester material segment is expected to gain momentum by 2032, on account of the product’s high strength, softness, lightweight, and absorbent nature. Considering its stability and durability, polyester has also emerged as a viable option for undercast padding. Additionally, it is compatible with different types of cast materials and is ideal for orthopedic casting near wounded areas and sensitive skin. Positive attributes associated with this material will result thus in its increased use and positively impact the global market outlook over the forthcoming years.
Pharmacies will emerge as a prominent distribution channel segment for the orthopedic padding industry over the forecast period, given the rising internet penetration and the upsurge in e-pharmacy demand. Due to the surging competition across the health-tech industry, e-pharmacies are targeting to strengthen their partner networks. Additionally, healthcare construction also remains strong, despite the rise in costs. The expansion of healthcare infrastructure networks will therefore boost the development of hospital pharmacies and in turn, add impetus to orthopedic padding market growth over the forecast period.
From a regional perspective, Europe is set to become a key revenue hub for the orthopedic padding industry between 2023 to 2032, on account of the rising prevalence of osteoporosis, especially among women. According to the Royal Osteoporosis Society, in 2022, 3.5 million people were diagnosed with osteoporosis. Furthermore, almost 1 in 2 women over 50 years of age are at risk of breaking a bone due to the condition in the UK. Road accidents have also become major causes of fatal casualties and injuries in major European economies such as Austria, leading to the mounting consumption of orthopedic cast padding solutions in the region.
Some of the prominent companies in the orthopedic padding market include Johnson & Johnson, Kiyan International, Cardinal Health, Inc., BSN Medical, Ltd., 3M, and McKesson Medical-Surgical, among others. Innovative product launches, acquisitions, partnerships, and business expansions are among the strategies being adopted by these market participants to strengthen their presence in the global industry.
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