Colombia Orthopedic Braces & Supports Market research report, 2028

Colombia's population is ageing, and this demographic shift has been one of the major drivers of the growing demand for orthopaedic braces and supports in the country. According to the World Bank, the proportion of Colombians aged 65 and above has increased from more than 4% in 2000 to around 7% in 2020, and this trend is expected to continue in the coming years. Furthermore, with this ageing population, age-related orthopaedic conditions such as osteoarthritis, rheumatoid arthritis, and osteoporosis have become more prevalent. These conditions can lead to joint pain, stiffness, and weakness, making it difficult for people to perform daily activities. Orthopaedic braces and supports can help alleviate these symptoms by providing additional support and stability to the affected joints, allowing individuals to move more comfortably. Moreover, Colombia has a rich culture of sports and physical activity, with soccer being one of the most popular sports in the country. However, this active lifestyle can also lead to an increased risk of orthopaedic injuries, such as sprains and strains, which may require the use of braces and supports to aid in the healing process. In addition, the increasing number of sports-related injuries and accidents has also contributed to the growth of the orthopaedic braces and support market in Colombia. With the rise in popularity of sports such as football and cycling, there has been an increase in the number of people participating in these activities, leading to a higher incidence of injuries. According to the research report "Colombia Orthopedic Braces & Support Market research report, 2028," published by Actual Market Research, the Colombia Orthopedic Braces & Support market is projected to reach market size more than USD 51.35 Million by 2028. There is a growing awareness of the benefits of using orthopaedic braces and supports to manage various conditions in Colombia. This is driving demand for these products as more people seek out treatment for orthopaedic issues. Furthermore, patients are increasingly opting for non-invasive treatments for orthopaedic conditions, such as the use of braces and supports. This trend is expected to continue as more patients seek to avoid surgery and other invasive procedures. Moreover, orthopaedic braces and supports are being designed with a greater focus on patient comfort and mobility. This includes the use of lightweight materials, breathable fabrics, and ergonomic designs that allow for a greater range of motion. In addition, the market is open to innovative products that offer more comfort, durability, and customization options. Companies can invest in R&D to develop innovative products that meet the specific needs of the Colombian market. Furthermore, companies can form partnerships and collaborations with local healthcare providers and institutions to increase their market share and improve their brand image.

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Based on Distribution Channel, Hospitals and surgical centers facilities play a significant role in the distribution of orthopaedic braces and supports. They are the primary source of these products for patients who require them after surgery or other medical procedures. Some of the notable hospitals in Colombia that distribute orthopaedic braces and supports include Hospital Universitario San Ignacio, Fundación Cardiovascular de Colombia, and Hospital Pablo Tobón Uribe. Furthermore, pharmacies and retailers also play a critical role in the distribution of orthopaedic braces and supports in Colombia. They offer a range of over-the-counter products to patients who require support for mild orthopaedic issues. Some of the notable pharmacies and retailers in Colombia that distribute orthopaedic braces and supports include Farmatodo, Drogueras Cafam, and Éxito. In addition, some of the notable e-commerce platforms in Colombia that distribute orthopaedic braces and supports include Mercado Libre, Amazon, and Linio. The market is segmented into several product types, including 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 and wrist braces and supports, and facial braces and supports. Furthermore, knee braces and supports are the largest segment in the Colombian market. These products are used to provide support for the knee joint, relieve pain, and improve mobility. They are commonly used by athletes, people with knee injuries, and those suffering from osteoarthritis. For instance, some of the popular knee braces and support brands in Colombia include Bauerfeind, Donjoy, and Orliman. However, hip, back, and spine braces and supports are medical devices designed to provide support, stability, and pain relief to people who suffer from injuries or conditions affecting these areas of the body. These devices are commonly used by people with back pain, spinal cord injuries, herniated discs, scoliosis, and other conditions. The widespread use of pain medications is limiting sales of orthopaedic braces and supports. Instead of using proper orthopaedic products, more people are relying on pain relievers for pains associated with orthopaedic illnesses. The bracing products market is heavily relied on for the proper therapy of orthopaedic ailments and diseases, with physicians and orthopaedic surgeons finding these products clinically important for specific circumstances. In several cases, patients do not qualify for the use of bracing products. Obese individuals are not permitted to use prophylactic knee braces due to the exertion of significant physical forces, which may increase the severity of knee injuries. Furthermore, Patients with edoema and deconditioning are unable to use orthopaedic braces due to the significant muscle mass in the affected area, resulting in a negative impact on orthopaedic leg brace sales. As a result, one of the major barriers to widespread adoption of bracing-mediated orthopaedic treatment is a lack of patient qualification, which is expected to harm the orthopaedic products industry.

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Kripa Shah

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Considered in this report • Geography: Colombia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Colombia 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

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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.