Global Orthopaedic Braces Market, By Product (Knee Braces, Foot and Ankle Braces, Upper Extremity Braces and Others), Type (Soft & Elastic Braces, Hinged Braces, and Hard Braces), Application (Ligament Injury, Preventive Care, Post-Operative Rehabilitation, Osteoarthritis and Others), End-User (Orthopaedic Clinics, Hospitals & Surgical Centers and Others) – Industry Trends and Forecast to 2030.
Orthopaedic Braces Market Analysis and Size
The orthopaedic disorders and injuries such as arthritis, osteoporosis, sprains, strains, and fractures have become increasingly prevalent, leading to a greater demand for effective orthopaedic solutions. Additionally, the growing aging population, coupled with sedentary lifestyles and increased participation in sports activities, has contributed to the surge in orthopaedic brace usage which will likely to augment the growth of the global orthopaedic braces market in the projected timeframe of 2023-2030. In recent years, technological advancements have revolutionized the design and functionality of orthopaedic braces. Traditional braces made from materials like metal or plaster have been largely replaced by lightweight, breathable, and adjustable alternatives, such as neoprene, polyester, and elastic fabrics. These modern materials offer improved comfort and flexibility while maintaining the necessary support and stability which will further contribute by generating immense opportunities that will led to the growth of the global orthopaedic braces market in the above mentioned projected timeframe.
Data Bridge Market Research analyses that the global orthopaedic braces market which was USD 4.13 billion in 2022, and will reach USD 6.34 billion by 2030, and is expected to undergo a CAGR of 5.6% during the forecast period 2023-2030. This indicates that the market value. “Hospitals” dominates the end user segment of the global orthopaedic braces market owing to the increasing cases in hospitals. 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.
Orthopaedic Braces Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Knee Braces, Foot and Ankle Braces, Upper Extremity Braces and Others), Type (Soft & Elastic Braces, Hinged Braces, and Hard Braces), Application (Ligament Injury, Preventive Care, Post-Operative Rehabilitation, Osteoarthritis and Others), End-User (Orthopaedic Clinics, Hospitals & Surgical Centers and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, 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
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Market Players Covered
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DJO, LLC (U.S.), Zimmer Biomet (U.S.), Medtronic (Ireland), Stryker Corporation (U.S.), Össur (Iceland), Integra LifeSciences Corporation (U.S.), Globus Medical (U.S.), OTTOBOCK (Germany), AC Mould Engineering Limited (China), Johnson & Johnson Services, Inc. (U.S.), BSN medical (India), Becker Orthopaedic (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
Orthopedic braces are the medical devices that are designed to address muscoskeleton issues. They are used to properly align, correct the position, support, stabilize, and protect certain parts of the body, particularly muscles.
Global Orthopaedic Braces Market Dynamics
Drivers
- Increasing Prevalence of Orthopaedic Diseases and Disorders
The increase in orthopaedic diseases and disorders, such as osteoarthritis and rheumatoid arthritis across the globe acts as one of the major factors driving the growth of orthopaedic braces and supports market. Indoor athletes are at a high risk of ligament tear and will produce a significant demand for ankle braces. Athletes typically utilize orthopaedic braces to protect themselves from additional harm during sports. Orthopaedic injuries are the most prevalent reason for hospitalization due to accidents and other incidents. Athletes are focused on specific fitness-related activities such as cycling, jogging, and others where they are prone to ailments that lead to ligament injury. Plaster cast is more malleable and has a slower setting time than fibreglass in casting and splinting,
- Rising Number of Geriatric Population
Expanding geriatric population worldwide is predicted to favour the injuries cases as this population is more prone to develop orthopaedic diseases. The number of persons above 65 years is projected to double in the coming years. The rise in the geriatric population accelerate the market growth as ageing population is highly susceptible to musculoskeletal disorders, which can foster the demand for the orthopaedic cases across the globe.
According to the United Nations, there were around 382 million old age people, aged 60 years or above, across the globe in 2017 and this number is expected 2.1 billion by 2050.
- Rising Sports-Related Injuries
The surge in the number of sports-related injuries owing to the increasing number of sports activities further influence the market. Sports injuries are expected to fuel demand for foot and ankle devices. Sports-related injuries are becoming more common as the number of sports activities increases. Thus, demand for braces has driven the development of new technologies which further fuel the growth during market in the forecast period.
Moreover, the growing awareness about the orthopaedic braces also being witnessed in the developing countries which will further act as driver that will lead to the growth of the global orthopaedic braces market in the above mentioned projected timeframe.
Opportunity
- Rising Orthopaedic Injuries
Technological advancements in orthopaedic braces have also contributed to market growth. Traditional braces made from rigid materials like metal or plaster have given way to lightweight, flexible, and breathable alternatives. Advanced materials such as neoprene, polyester, and elastic fabrics offer improved comfort, moisture-wicking properties, and adjustability will extend profitable opportunities for the market players in the forecast period of 2023 to 2030.
Additionally, the increasing awareness about the benefits of orthopaedic braces, coupled with the availability of over-the-counter options, has also driven market growth. People are becoming more proactive in managing their musculoskeletal health, seeking preventative care, and exploring non-surgical treatment options. The convenience and affordability of over-the-counter braces have made them accessible to a wider range of individuals, which will further contribute by generating immense opportunities that will further expand the market's growth rate in the future.
Restraint/Challenge
- Limited Patient qualification
On the other hand, limited patient qualification for bracing-mediated orthopedic treatment along with less clinical evidence to support the therapeutic efficacy of orthopedic braces, will likely to act as market restraints factor for the growth of the orthopedics braces market in the above mentioned projected timeframe. Moreover, rise in adoption of pain medications will become the biggest and foremost challenge for the growth of the market in the forecast period of 2023-2030.
This global orthopaedic braces 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 global orthopaedic braces 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 Developments
- In September 2020, DJO will release the DonJoy X-ROM Post-Op Knee Brace. The product is stated to be one of the most advanced range of motion (ROM) protection, with an improved user-friendly design for quicker and faster application and adjustment. The X-ROM brace aids patients in their recovery after ACL reconstruction and other knee procedures. It increases comfort, stability, and confidence
- In June 2019, Wasp has established a digital orthopaedic laboratory where patients may get personalized 3D printed medical support equipment
- In May 2020, Townsend Design has announced the launching of a new arthritic knee brace in North America, which is designed to decrease discomfort by reducing load on the side of the knee
Global Orthopaedic Braces Market Scope
The global orthopaedic braces market is segmented on the basis of product, type, application, and end-user. 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
- Knee Braces
- Foot and Ankle Braces
- Upper Extremity Braces
- Others
Type
- Soft & Elastic Braces
- Hinged Braces
- Hard Braces
Application
- Ligament Injury
- Preventive Care
- Post-Operative Rehabilitation
- Osteoarthritis
- Others
End-User
- Orthopaedic Clinics
- Hospitals & Surgical Centers
- Others
Global Orthopaedic Braces Market Regional Analysis/Insights
The global orthopaedic braces market is analysed and market size insights and trends are provided by country, product, type, application, and end-user.
The countries covered in the global orthopaedic braces market report are U.S., Canada and Mexico in North America, 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 dominates the global orthopaedic braces market due to rising risk of osteoporosis because of the high number of obese and geriatric people within the region.
Asia-Pacific is expected to grow at the highest growth rate during the forecast period of 2023 to 2030 owing to the huge base of geriatric population in the region.
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 global orthopaedic braces 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 global orthopaedic braces market , impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the global orthopaedic braces market. The data is available for historic period 2015-2020.
Competitive Landscape and Global Orthopaedic Braces Market Share Analysis
The global orthopaedic braces 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 global orthopaedic braces market.
Some of the major players operating in the global orthopaedic braces market are:
- DJO, LLC (U.S.)
- Zimmer Biomet (U.S.)
- Medtronic (Ireland)
- Stryker Corporation (U.S.)
- Össur (Iceland)
- Integra LifeSciences Corporation (U.S.)
- Globus Medical (U.S.)
- OTTOBOCK (Germany)
- AC Mould Engineering Limited (China)
- Johnson & Johnson Services, Inc (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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