Orthopedic Braces and Support Market Size & Share, by Product {Knee, Ankle, Shoulder, Neck & Cervical, Hand & Wrist (Upper Extremity, Lower Spine Braces)}; Type (Soft & Elastic, Hinged, Hard); Application (Preventive Care, Ligament Injury); End-user {Orthopedic Clinics, Hospitals, ASCs, Over the Counter (OTC)} - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4270
  • Published Date: Feb 23, 2023
  • Report Format: PDF, PPT

Global Orthopedic Braces and Support Market Definition

Orthopedic braces and support are technologically advanced medical products that are highly effective in treating musculoskeletal issues. They are specifically designed to properly align, correct the position, support, stabilize, and protect the muscles, joints, and bones during the healing process from injury or accident.

Generally, orthopedics uses orthopedic braces and support to immobilize the joints to foster faster healing in the correct position. Through this, the muscles, tendons, and ligaments are able to receive the right amount of blood flow and restrict muscle movements which could aggravate or worsen existing injuries. Orthopedic braces and support are also useful in reducing weight from healing and injured joints and muscles which is effective in correcting the shape and function to reduce the pain of patients and facilitate improved mobility after recovery.

In most cases, the orthopedic braces and support are manufactured using either rigid materials, such as hard plastics, or soft materials such as tightly-knit fabrics or spandex. These make them easy for wearing and removing purposes while bathing, physical activity, or other functions.

With the rapid development, in today’s market, there are two types of orthopedic braces and support found – upper and lower limbs which are classified as per their application. The upper limb orthopedic braces and support are applied to the shoulders, collarbones, arms, elbows, wrists, hands, and fingers while on the other hand, the lower limb braces and support are used for the feet, ankles, knees, and legs.

Global Orthopedic Braces and Support Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~6%

Base Year Market Size (2022)

~ USD 3 Billion

Forecast Year Market Size (2035)

~ USD 6 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Global Orthopedic Braces and Support Market Size, Forecast, and Trend Highlights Over 2023 - 2035

The global orthopedic braces and support market is estimated to garner a revenue of ~USD 6 Billion by the end of 2035 by growing at a CAGR of ~6% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of ~USD 3 Billion in the year 2022. The market is estimated to grow on the back of the increasing prevalence of orthopedic diseases and disorders. According to the statistics, in 2019, there were around 2 billion people suffering from musculoskeletal conditions globally, of which around 440 million people had fractures and about 222 million people suffered from neck pain. Furthermore, the rising awareness about dental care along with rising expenditure for treatment processes is also estimated to impetus market growth with a significant revenue generation.

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The global orthopedic braces and support market is also estimated to witness growth on account of the rising number of sports injuries. According to recent statistics, approximately 3 million sports injuries occur each year in the United States. In addition, each year, approximately 770,000 children aged 14 and younger are treated for sports-related surgeries in hospital emergency rooms in the same region. Moreover, increasing public awareness about preventive care as well as greater affordability and increasing commercialization of products are some of the other contributing factors which are anticipated to drive the growth of the global orthopedic braces and support market during the forecast period. In addition to other factors, the increased occurrence of lifestyle disorders such as obesity and diabetes which aids orthopedic & musculoskeletal injuries is also expected to bring to create a positive outlook for revenue generation for market growth during the analysis period. Along with that, the various advantages offered by orthopedic braces and support which include better affordability, higher efficiency, enhanced patient comfort, and ease of use compared to conventional products is further projected to boost revenue generation for market growth during the forecast period.

Global Orthopedic Braces and Support Market: Growth Drivers and Challenges

Growth Drivers

  • Increasing Level of Geriatric Population – The elderly population is estimated to be the largest contributor to the demand for orthopedic braces and support. As the elderly population is more prone to musculoskeletal conditions, which further lead to the weakening of ligaments and cartilage owing to age-related factors. According to the World Health Organization (WHO) data, the global population aged 60 years and above stood at around 1 billion in 2020, which is projected to reach 1.4 billion by the end of 2030.

  • Increased Research & Development Expenditure – With the rising global burden owing to orthopedic disorders, governments of different countries and major key players of the market are investing in the research and development sector to develop novel medical equipment such as orthopedic braces and support for the treatment process of the patients. As per data from the World Bank, global research and development expenditure in proportion to gross domestic product (GDP) was around 2.63% in 2020, up from 2.2% in 2018.

  • Increasing Prevalence of Arthritis – Arthritis is one of the most diagnosed diseases among the global population owing to a lack of a healthy lifestyle, immune deficiency, and genetic disorders. As arthritis attacks the tissues of joints to cause inflammation and swelling, the demand for orthopedic braces and support is considered to increase in the near future.  As per data from the Centers for Disease Control and Prevention, around 78 million United States citizens are estimated to suffer from arthritis by 2040.

  • Growth of Obesity Rates – Individuals with obesity are at higher risk of ligament tears and joint problems. Thus, with the increase in cases of obesity around the world, the demand for orthopedic braces and support is projected to increase for treating process and providing comfort to patients. According to data from the Centers for Disease Control and Prevention, during 2017–2020, the prevalence of obesity among children and adolescents aged 2–19 years was approximately 19.7%, corresponding to around 14.7 million children and adolescents in the United States.

  • Rising Cases of Osteoporosis Globally – According to estimates, by 2025, osteoporosis will result in approximately 3 million fractures and will cost around USD 24 billion globally.

Challenges

  • Lack of Awareness among Consumers about the Benefits of Orthopedic Braces and Support – Although orthopedic braces and support offer a lot of benefits such as increased comfort, faster healing, cost-effectiveness, and others, a large percentage of the population is unaware of these advantages. As a result, people are not adopting orthopedic braces and support for orthopedic diseases and joint & bone disorders which in turn is expected to hinder market growth in the assessment period.
  • Less Number of Patients Are Eligible for Bracing-mediated Orthopedic Treatment
  • Limited Options to Customize Orthopedic Braces and Support

Global Orthopedic Braces and Support Market Segmentation

The global orthopedic braces and support market is segmented and analyzed for demand and supply by orthopedic clinics, hospitals, ASCs, over-the-counter (OTC), and home care settings. Out of these segments, the hospital segment is estimated to garner the largest market share by the end of 2035, owing to the increasing number of hospitals globally and the rapid growth of the healthcare industry. According to statistics, in 2020, there were about 8200 hospitals in Japan, in addition, the number of hospitals in the United States was about 6000 in the same year. Hence, such factors are anticipated to boost segment growth in the coming years. Furthermore, the favorable reimbursement policies present in the hospitals coupled with the presence of advanced and novel orthopedic braces and support are also estimated to augment segment expansion and revenue generation. Along with the other factors, the trust factor associated with hospitals and the availability of highly-educated and trained medical professionals is other factors that are anticipated to increase the utilization rate of orthopedic braces and support in hospitals. Moreover, the high rate of patient inflow and outflow in hospitals on a daily basis is also considered to boost segment growth in the upcoming years.

The global orthopedic braces and support market is also segmented and analyzed for demand and supply by product into knee, ankle, shoulder, neck & cervical, hand & wrist, and others. Out of these, the knee segment is attributed to holding the most significant share by the end of the forecast period. The major factor attributed to segment growth is the rising number of knee disorders such as osteoarthritis, arthritis, gout, and others among the global population which is anticipated to escalate the production rate of orthopedic braces and support. Furthermore, the burgeoning geriatric population across the globe is also projected to fuel segment growth as they are more prone to knee injuries and bone fractions which is estimated to escalate the usage of orthopedic braces and support. Along with other factors, the increasing number of accidents, sports injuries, traumas, and other cases of fatalities where the bone is dislocated or fractured is forecasted to expand segment size.

Our in-depth analysis of the global orthopedic braces and support market includes the following segments:

              By Product

  • Knee Braces and Support
  • Ankle Braces and Support
  • Foot Walkers and Orthoses
  • Hip, Back & Spine Braces and Support
  • Shoulder Braces and Support
  • Neck & Cervical Spine Braces and Support
  • Hand & Wrist Braces and Support
  • Others
    • Upper Extremity Braces and Support
    • Lower Spine Braces and Support
    • Upper Spine Orthoses
    • Elbow Braces and Support
    • Facial Braces and Support
    • Post-Operational Knee Braces
    • TLSOs
    • LSOs
    • Walker Boots
    • Pneumatic Walker Boots
    • Non-Pneumatic Walker Boots
    • Others

                By Product

  • Soft & Elastic Braces and Support
  • Hinged Braces and Support
  • Hard Braces and Support

              By Application

  • Preventive Care
  • Ligament Injury
  • Anterior Cruciate Ligament Injury
  • Lateral Collateral Ligament Injury
  • Post-operative Rehabilitation
  • Osteoarthritis
  • Compression Therapy

              By End-User

  • Orthopedic Clinics
  • Hospitals
  • ASCs
  • Home Care Settings
  • Over the Counter (OTC)
 

Global Orthopedic Braces and Support Market Regional Synopsis

The North America orthopedic braces and support market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. This can be accredited to the rising cases of osteoporosis in the region. According to statistics, in 2018, around 52 million Americans either suffered from osteoporosis or were at a higher risk to suffer from the disease owing to low bone mass. Moreover, the presence of major players and manufacturers is also expected to fuel the growth of the market in the region during the forecast period. Furthermore, the rapid growth of the healthcare industry of the region along with the rising healthcare expenditure of Americans are other growth factors for market expansion during the assessment period.

Further, the market in the Asia Pacific is estimated to gain the highest growth during the forecast period, owing to the increasing level of the geriatric population. According to World Health Organization (WHO) data, in 2019, China had a population of about 254 million people aged 60 years and above, of whom 176 million were 65 years of age and older. By 2040, it is estimated that about 402 million people to be over the age of 60, which is about 28% of the total Chinese population. Moreover, rising expenditure on healthcare by the population of Asia Pacific and the increasing focus of manufacturers to expand their regional presence are other factors that are anticipated to propel the growth of the global orthopedic braces and supports market in the region during the forecast period.

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In-the-news

In the News

  •  Breg Inc. has launched two new lines of spinal orthoses Pinnacle and Ascend.

  •  DJO Global Inc. announced that it has launched the new DonJoy X-ROM Post-Op Knee Brace. Featuring DonJoy’s most advanced range of motion (ROM) protection and improved user-friendly design. It facilitates faster and easier application and adjustment for patients recovering from ACL repair and surgeries.

Author Credits:  Radhika Gupta, Shivam Bhutani


  • Report ID: 4270
  • Published Date: Feb 23, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising level of the geriatric population and increasing cases of musculoskeletal disorders are estimated to majorly boost the market growth.

The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2023 – 2035.

Lack of awareness among consumers about the benefits of products along with the smaller number of patients eligible for bracing-mediated orthopedic treatment and limited option to customize orthopedic braces and support are some of the factors that are estimated to hinder the market growth.

The market in the North America region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are BSN Medical Inc., 3M Healthcare, DJO Global Inc., Breg Inc., OSSUR, Otto Bock Healthcare, Zimmer Biomet Holdings, Inc., Bauerfeind AG, Alcare Company Ltd, Becker Orthopedic, Frank Stubbs Company Inc., BSN medical Inc., and other key players.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by product, type, application, end-user, and by region.

The hospital segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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