Orthopedic Traction Frame Market size was valued at USD 1.2 Billion in 2024 and is projected to reach USD 1.9 Billion by 2033, exhibiting a CAGR of 5.5% from 2026 to 2033.
The South Korean orthopedic traction frame market is experiencing significant growth, driven by technological advancements and an aging population. As of 2023, the orthopedic devices market in South Korea generated a revenue of approximately USD 397.6 million, with projections reaching USD 609.3 million by 2030, reflecting a compound annual growth rate (CAGR) of 6.3% from 2024 to 2030. citeturn0search0
Orthopedic traction frames, essential in treating fractures and musculoskeletal disorders, are witnessing increased demand across various medical sectors. The market's expansion is influenced by several factors:
- **Aging Population**: South Korea's rapidly aging demographic leads to a higher incidence of orthopedic conditions, thereby increasing the need for orthopedic devices, including traction frames. - **Technological Advancements**: Innovations in orthopedic devices, such as robotic-assisted surgery and 3D-printed implants, enhance treatment efficacy, contributing to market growth. citeturn0search2 - **Sports Injuries**: A vibrant sports culture results in a significant number of sports-related injuries, creating a demand for orthopedic supports and traction devices. citeturn0search9 - **Medical Tourism**: South Korea's reputation as a medical tourism hub, particularly for orthopedic procedures, attracts international patients, further boosting the market. The orthopedic traction frame market caters to various segments, including: - **Hospitals**: Major consumers of traction frames, utilizing them in surgical procedures and patient rehabilitation. - **Outpatient Facilities**: Require traction frames for non-emergency treatments and follow-up care. - **Rehabilitation Centers**: Utilize traction frames in therapeutic settings to aid patient recovery. - **Home Care**: An increasing trend towards home-based care has led to a rise in demand for portable traction frames, allowing patients to continue therapy in a familiar environment. In 2021, the orthopedic splints market in South Korea generated a revenue of USD 8.4 million, with expectations to reach USD 18.1 million by 2028, indicating a CAGR of 11.7% from 2022 to 2028. Lower extremity applications were the largest revenue-generating segment in 2021, while upper extremity applications are projected to register the fastest growth during the forecast period. citeturn0search1 The rehabilitation equipment market also contributes significantly, with revenues projected to grow from USD 177.3 million in 2024 to USD 290.9 million by 2030, reflecting a CAGR of 8.7% from 2025 to 2030. citeturn0search6 In summary, the South Korean orthopedic traction frame market is poised for substantial growth, influenced by demographic trends, technological innovations, and evolving healthcare needs. The demand spans various sectors, including hospitals, outpatient facilities, rehabilitation centers, and home care, highlighting the integral role of traction frames in modern orthopedic treatment and rehabilitation.
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OPT SurgiSystems
IOT
SCHMITZ
St. Francis Medical Equipment
Condor Medicaltechnik
Skytron
Technomed India
Schaerer Medical
Smith & Nephew
Merivaara
Mediland Enterprise
DRE Medical
Mizuho OSI
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Orthopedic Traction Frame Market
Fowler's Traction Frame
Thomas Traction Frame
Universal Traction Frame
Table Traction Frame
Other Traction Frames
Stainless Steel
Aluminum
Plastic
Fiber Reinforced Composites
Lower Limb Traction
Upper Limb Traction
Spinal Traction
Pediatric Traction
Others
Hospitals
Orthopedic Clinics
Rehabilitation Centers
Home Care Settings
Direct Sales
Online Sales
Third-party Distributors
Medical Equipment Retailers
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Orthopedic Traction Frame Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Orthopedic Traction Frame Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Orthopedic Traction Frame Market, By Type
6. South Korea Orthopedic Traction Frame Market, By Application
7. South Korea Orthopedic Traction Frame Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Orthopedic Traction Frame Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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