North America Orthopedic Braces and Supports Market – Industry Trends and Forecast to 2030

North America Orthopedic Braces and Supports Market Analysis and Size

The rise in the prevalence of orthopedic disorders is the significant factor responsible for driving the growth of the orthopedic braces and supports market. Additionally, an upsurge in the adoption rate of orthopedic products and the commercialization of orthopedic therapy will act as major drivers influencing the overall growth of the market. Similarly, factors such as growing public awareness about the prevention of orthopedic problems, the rise in the number of sports and accident related injuries and creative tactics for promoting and branding orthopedic surgery and products will cushion the market growth rate.

Data Bridge Market Research analyses that the North America Orthopedic Braces and Supports Market, which was USD 2,421.32 million in 2022, would rocket up to USD 6,058.31 million by 2030 and is expected to undergo a CAGR of 5.8% during the forecast period. This indicates the market value. “Ankle Braces and Supports” dominates the products segment of the Orthopedic Braces and Supports market owing to the high prevalence of orthopedic disorders. 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.

North America Orthopedic Braces and Supports Market Scope and Segmentation

Market Definition

Braces and supports are orthopedic equipment that is used externally for holding, aligning, correcting, and supporting certain parts of the body while healing from an injury. They are manufactured using specialized materials with intelligent designs that offer intense targeted support to the spine, knee, foot, upper elbow, ankle, shoulder, hip, and other body parts. Braces and supports also aid in safeguarding joints after surgeries and offer a sense of mobility to patients suffering from musculoskeletal problems.

North America Orthopedic Braces and Supports Market Dynamics

Drivers

• The surge in the prevalence of sports injuries and road accidents

Over the past two decades, there has been a significant increase in sport injuries and road accidents which is directly influencing the demand for medical devices and instruments that offer more precision, and emerging technologies. This, in turn, is expected to carve the way for the growth of the market.

• Research and development proficiencies

Rising expenditure for research and development proficiencies, especially in the developed and developing economies pertaining to medical instruments and devices, will further create lucrative market growth opportunities. Research and development proficiencies being conducted to develop the medical instruments is also bolstering the market growth rate.

• Growing investment for healthcare facilities

Surging focus on improving the condition of healthcare facilities and improving the overall healthcare infrastructure is another important factor fostering the growth of the market. The rising number of partnerships and strategic collaborations between the public and private players pertaining to funding and application of new and improved technology is further creating lucrative market opportunities.  

Opportunities

Furthermore, the increase in the sale of off-the-shelf and online products and promotion and branding initiatives are taken by major product manufacturers will generate profitable opportunities for the orthopedic braces and supports market, upsurge in the public-private funding for target research activities, rising demand for minimally invasive surgeries, the growing participation of youngsters in sports and rising product innovations and development owing to technological advancements all around the world will extend profitable opportunities for the market players in the forecast period of 2023 to 2030.

Restraints/Challenges

On the other hand, minimum patient qualification for orthopedic treatment and limited clinical indications associated with the therapeutic efficacy of orthopedic braces will act as market restraints and obstruct the market’s growth rate. The growing preferences for pain medications in place of orthopedic braces might further challenge the growth market. Also, the stringent regulatory framework and adoption of alternative therapies for the treatment of injuries have the potential to challenge the market’s growth. Also, the lack of favorable reimbursement scenarios and technology penetration in the developing economies, heavy custom duty imposed on medical devices, and lack of suitable infrastructure in low- and middle-income countries are projected to challenge the market in the forecast period of 2023-2030.

This Orthopedic Braces and Supports market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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 Orthopedic Braces and Supports market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed market decision to achieve market growth.

Recent Development

• In July 2021, DJO LLC renewed its partnership with USA Lacrosse. DJO has been the official sports brace of USA Lacrosse and the USA National Teams since 2017. The renewal extends its partnership to 2024
• In July 2021, the Ossur HF launched the Rebound Post-Op Elbow Brace
• In February 2021, Breg Inc. launched 15 new products for spinal braces segment

North America Orthopedic Braces and Supports Market Scope

The Orthopedic Braces and Supports market is segmented on the basis of products, 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.

Products

• 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

• Orthopedic Clinics
• Retail Pharmacies
• Others

North America Orthopedic Braces and Supports Market Regional Analysis/Insights

The orthopedic braces and supports market is analysed, and market size insights and trends are provided by country, products, type, application, and distribution channel, as referenced above.

The countries covered in the orthopedic braces and supports market report are U.S., Canada, and Mexico.

U.S. dominates the foot and ankle devices market because of the strong base of healthcare facilities, the strong presence of major players in the market, increased cases of surgical procedures among athletes, and the rising number of research activities in this 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, the 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 orthopedic braces and supports market also provides you with a detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the foot and ankle devices market, the impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on the surgical microscopes market. The data is available for the historical period 2012-2022.

Competitive Landscape and North America Orthopedic Braces and Supports Market Share Analysis

The Orthopedic Braces and Supports competitive market landscape provides details by competitors. 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 the orthopedic braces and supports market.

Some of the major players operating in the orthopedic braces and supports market are:

• Össur (Iceland)
• DJO Global (U.S)
• Breg Inc. (U.S.)
• DonJoy (U.S.)
• DeRoyal Industries, Inc. (U.S.)
• Bauerfeind USA, Inc. (U.S.)
• Medi USA (U.S.)
• Bird & Cronin, Inc. (U.S.)
• Aspen Medical Products, Inc. (U.S.)
• Ovation Medical (U.S.)
• Aircast (U.S.)
• Thuasne USA (U.S.)
• Allard USA (U.S.)
• Hely & Weber (U.S.)
• Comfortland Medical (U.S.)

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