Global Orthopedic Braces And Supports Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2023 –2030 |
 Market Size (Base Year) |
USD 3,293.13 million |
 Market Size (Forecast Year) |
USD 6,190.23 million |
 CAGR |
% |
| Major Markets Players |
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Global Orthopaedic Braces and Supports Market, By Product (Ankle Braces and Supports, Foot Walkers and Orthoses, Hip, Back, and Spine Braces and Supports, Knee Braces and Supports, Shoulder Braces and Supports, Elbow Braces and Supports, Hand/Wrist Braces and Supports, Facial Braces and Supports), Type (Soft and Elastic Braces, Hinged Braces, Hard Braces), Application (Preventive Care, Ligament Injury, Post-Operative Rehabilitation, Osteoarthritis, Compression Therapy, Others), Distribution Channel (Orthopaedic Clinics, Retail Pharmacies, Others) – Industry Trends and Forecast to 2030.
Orthopaedic Braces and Supports Market Analysis and Size
The rising burden of sports-related and road injuries is contributing to a rise in the number of orthopedic procedures, increasing the demand for braces and supports, thereby propelling the market growth. For instance, according to the StatBel statistics published in June 2022, there were 34,640 road traffic accidents in 2021, bringing the total of casualties to 42,566, including 38,952 slightly injured and 3,098 seriously injured in Belgium. Also, as per an article published in Translational Pediatrics in February 2022, it was observed that about 8.6 million athletes are suffering from sports-related injuries each year in the United States.
Data Bridge Market Research analyzes that the orthopaedic braces and supports market which was USD 3,293.13 million in 2022, is expected to reach USD 6,190.23 million by 2030, and is expected to undergo a CAGR of 7.60% during the forecast period of 2023 to 2030. “Ankle braces and supports” dominates the product segment of the orthopaedic braces and supports market due to rising demand of orthopaedic braces and supports. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Report Scope and Market Segmentation
|
Report Metric |
Details |
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Forecast Period |
2023 to 2030 |
|
Base Year |
2022 |
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Historic Years |
2021 (Customizable to 2015-2020) |
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Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
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Segments Covered |
By Product (Ankle Braces and Supports, Foot Walkers and Orthoses, Hip, Back, and Spine Braces and Supports, Knee Braces and Supports, Shoulder Braces and Supports, Elbow Braces and Supports, Hand/Wrist Braces and Supports, Facial Braces and Supports), Type (Soft and Elastic Braces, Hinged Braces, Hard Braces), Application (Preventive Care, Ligament Injury, Post-Operative Rehabilitation, Osteoarthritis, Compression Therapy, Others), Distribution Channel (Orthopaedic Clinics, Retail Pharmacies, Others) |
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Countries Covered |
U.S., Canada and Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina and rest of South America |
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Market Players Covered |
DJO, LLC (U.S.), Zimmer Biomet (U.S.), Medtronic (Ireland), Stryker Corporation (U.S.), Össur (Iceland), NuVasive®, Inc. (U.S.), Integra LifeSciences Corporation (U.S.), Globus Medical (U.S.), OTTOBOCK (Germany), AC Mould Engineering Limited (China), Johnson & Johnson Services, Inc. (U.S.), Weber Orthopedic LP. DBA Hely & Webe. (U.S.), BSN medical (India), Becker Orthopedic (U.S.), OPPO MEDICAL INC. (U.S.), Langer Biomechanics (U.S.), Frank Stubbs Company Inc. (U.S.), DeRoyal Industries, Inc. (U.S.), Ascent Meditech Limited (India), and Alcare Co., Ltd. (Tokyo) |
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Market Opportunities |
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Market Definition
Braces and supports refer to the orthopaedic equipment that are widely utilized for aligning, supporting, holding, and correcting certain parts of the body. This equipment is manufactured using specialized materials with intelligent designs, and are known to provide intense targeted support to the spine, ankle, shoulder, knee, spine, ankle and upper elbow, among other body parts.
Global Orthopaedic Braces and Supports Market Dynamics
Drivers
- Rising musculoskeletal conditions
One of the primary drivers of the orthopaedic braces and supports market is the increasing prevalence of musculoskeletal conditions. As the global population ages and lifestyles become more sedentary, the incidence of orthopaedic issues such as osteoarthritis, fractures, and sports-related injuries continues to rise. This growing patient pool drives the demand for orthopaedic braces and supports that aid in pain management, injury prevention, and rehabilitation.
- Technological advancements in orthopaedic braces and supports
Ongoing technological advancements are a significant driver of the market. Innovations in materials, such as lightweight and breathable fabrics, have improved the comfort and wearability of orthopaedic braces. Additionally, advanced designs and manufacturing techniques have allowed for more customized and effective orthopaedic solutions, tailored to the specific needs of patients.
- Post-surgery rehabilitation
The increasing number of orthopaedic surgeries, such as joint replacements and ligament repairs, is boosting the market. Orthopaedic braces and supports are often prescribed for post-surgery rehabilitation to aid in recovery, protect the surgical site, and facilitate a quicker return to an active lifestyle. The growth in surgical procedures directly correlates with the demand for these devices.
Opportunities
- Telehealth integration of orthopaedic consultations
The integration of orthopaedic consultations and device recommendations into telehealth platforms is an emerging opportunity. Telehealth allows patients to access orthopaedic expertise remotely, receive assessments, and obtain prescriptions for orthopaedic braces and supports. This can improve access to care, particularly in underserved areas, and expand the market's reach.
- Personalized orthopaedic solutions
A significant opportunity lies in providing personalized orthopaedic braces and supports. Advances in 3D printing and digital scanning technology have enabled the creation of custom-fit orthopaedic devices tailored to an individual's anatomy and specific needs. Personalization enhances patient comfort and overall treatment outcomes, positioning it as a significant opportunity in the market.
Restraints/Challenges
- Lack of awareness
Limited awareness among patients and healthcare providers is a considerable restraint. Many individuals with orthopaedic conditions may not be aware of the benefits of orthopaedic braces and supports, or they may not receive adequate guidance from healthcare professionals. Raising awareness about the availability and effectiveness of these devices is essential to overcome this restraint.
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Supply chain disruptions
Disruptions in the global supply chain, as seen during events like the COVID-19 pandemic, pose a significant challenge. These disruptions can lead to delays in the production and distribution of orthopaedic braces and supports. Manufacturers need to establish robust supply chain management strategies to mitigate such challenges and ensure a consistent supply of these essential devices.
This orthopaedic braces and supports market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the orthopaedic braces and supports market Contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In September 2022, DJ Orthopedics, Inc. launched a new, multifunctional back bracing system, the BOA (Back Orthotic Appliance). It is designed to address a variety of clinical spinal indications, including post-operative support after spinal fusion and spinal laminectomy, acute and chronic low back pain, and disc herniation or degeneration
Global Orthopaedic Braces and Supports Market Scope
The orthopaedic braces and supports market is segmented on the basis of product, type, application and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Ankle Braces and Supports
- Foot Walkers and Orthoses
- Hip, Back, and Spine Braces and Supports
- Knee Braces and Supports
- Shoulder Braces and Supports
- Elbow Braces and Supports
- Hand/Wrist Braces and Supports
- Facial Braces and Supports
Type
- Soft and Elastic Braces
- Hinged Braces
- Hard Braces
Application
- Preventive Care
- Ligament Injury
- Post-Operative Rehabilitation
- Osteoarthritis
- Compression Therapy
- Others
Distribution Channel
- Orthopaedic Clinics
- Retail Pharmacies
- Others
Global Orthopaedic Braces and Supports Market Regional Analysis/Insights
The orthopaedic braces and supports market is analysed and market size insights and trends are provided by country, product, type, application and distribution channel as referenced above.
The countries covered in the orthopaedic braces and supports market report are U.S., Canada and Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and rest of South America as part of South America.
North America is expected to dominate the orthopaedic braces and supports market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2023 to 2030, due of the increase in the expenditure for research and development proficiencies, increasing government’s initiatives and improved health care infrastructure in various countries.
Asia-Pacific is expected to show the highest growth rate in the orthopaedic braces and supports market during the forecast period of 2023 to 2030 due to the increasing government expenditure on healthcare sector and rising technological advancements and initiatives by the government.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The orthopaedic braces and supports market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for orthopaedic braces and supports market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the orthopaedic braces and supports market. The data is available for historic period 2015-2020.
Competitive Landscape and Global Orthopaedic Braces and Supports Market Share Analysis
The orthopaedic braces and supports market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to orthopaedic braces and supports market.
Some of the major players operating in the orthopaedic braces and supports market are:
- DJO, LLC (U.S.)
- Zimmer Biomet (U.S.)
- Medtronic (Ireland)
- Stryker Corporation (U.S.)
- Össur (Iceland)
- NuVasive®, Inc (U.S.)
- Integra LifeSciences Corporation (U.S.)
- Globus Medical (U.S.)
- OTTOBOCK (Germany)
- AC Mould Engineering Limited (China)
- Johnson & Johnson Services, Inc (U.S.)
- Weber Orthopedic LP. DBA Hely & Webe (U.S.)
- BSN medical (India)
- Becker Orthopedic (U.S.)
- OPPO MEDICAL INC (U.S.)
- Langer Biomechanics (U.S.)
- Frank Stubbs Company Inc. (U.S.)
- DeRoyal Industries, Inc (U.S.)
- Ascent Meditech Limited (India)
- Alcare Co., Ltd (Tokyo)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
