Orthopedic Braces And Supports Market Size To Reach USD 7.01Bn By 2030

 Orthopedic Braces And Supports Market Growth & Trends

The global orthopedic braces and supports market size is expected to reach USD 7.01 billion by 2030 and is expected to expand at a CAGR of 7.0% over the forecast period, according to a new report by Grand View Research, Inc. Key factors propelling the market growth include the growing incidence of injury & trauma, the prevalence of chronic diseases such as rheumatoid and osteoarthritis and increasing technological advancements. For instance, in March 2023, Aspen Medical Products, a mobility and pain management solutions provider, partnered with NICE Recovery Systems (NICE) to launch integrated bracing and cold compression solutions for pain management and post-operative care to patients recovering from surgery or injury.



Osteoporosis is a leading cause of musculoskeletal and joint disorders among the older population, increasing the demand for orthopedic braces. Older individuals are prone to experiencing various musculoskeletal ailments, making them a key demographic driving the market demand for orthopedic braces and supports. For instance, according to the International Osteoporosis Foundation, annually, osteoporosis causes over 8.9 million fractures across the globe, resulting in an osteoporosis fracture every 3 seconds. Similarly, according to the same source, osteoporosis affects approximately 6.3% of men over the age of 50 and 21.2% of women over the age of 50 globally.

As people age, significant changes occur in their neuromuscular and skeletal systems, making them more susceptible to weak arthritis, anterior cruciate ligament (ACL) injuries, and ligament tears. The older population is projected to grow significantly during the forecast period, further driving the demand for orthopedic braces and supports.

The growing prevalence of sport-related injuries is another significant factor contributing to pain, disability, or restricted movement, thereby driving the demand for orthopedic braces and supports. For instance, in Europe, sports injuries account for around 6.2 million people annually. Furthermore, in the U.S., it is projected that 30 million children and adolescents participate in youth sports; among them, 2 million individuals account for sports injuries.

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Additionally, the rising prevalence of chronic and acute conditions, such as arthritis and sports injuries, further boosts the demand for orthopedic braces and supports. Major companies in the market are actively involved in initiatives to improve product offerings and expand their market presence, which is expected to contribute to the overall market growth. For instance, in February 2021, BREG, Inc, a provider of billing services and orthopedic bracing, introduced two new product lines called Pinnacle and Ascend. These product lines consist of 15 orthopedic braces specifically designed for patients with spinal injuries. The launch of these new product lines signifies the company's expansion of its product portfolio, allowing it to offer a broader range of solutions to meet the needs of patients with spinal injuries.

Injuries associated with sports are rising due to the increasing number of sports activities. Athletes involved in fitness-related pursuits, including cycling, running, and others, are particularly susceptible to physical injuries, including ligament injuries. Indoor athletes, in particular, face a high threat of ankle ligament tears, leading to a significant demand for ankle braces. For instance, according to the National Safety Council, in the U.S., 445,642 and 409,224 exercise and exercise equipment injuries were reported in 2022 and 2021, respectively. Additionally, ankle braces are commonly recommended for recovery from acute ankle sprains. Athletes utilize orthopedic braces to safeguard themselves from injuries during sports activities. These braces aid in restricting unwanted movements during matches, allowing athletes to play with greater ease and convenience.

Orthopedic Braces And Supports Market Report Highlights

  • By product, the braces & supports segment held the largest market share of 74.9% in 2023 and is also expected to witness the fastest growth during the forecast period, owing to the increasing number of osteoarthritis cases, which boosts the demand for products such as braces and support devices

  • By end-use, the orthopedic clinic segment held the largest share in terms of revenue in 2023. The segment's dominance is attributed to the growing preference for orthopedic consultations for fast and rapid checkups

  • North America dominated the overall market with a revenue share of 33.7% in 2023, owing to the increasing expenditure on healthcare and rising disposable income

Regional Insights

North America held the largest market revenue share of 33.7% in 2023. The dominance of the North American region is attributed to the presence of technologically equipped hospitals in Canada and the U.S. In addition, the region experiences a growing prevalence of chronic conditions, resulting in an increased number of orthopedic surgeries. The expanding geriatric population further fuels this trend as older individuals are more susceptible to orthopedic issues. For instance, according to America's Health Rankings 2022 data, in the U.S., around 58 million adults ages 65 and older.

Orthopedic Braces and Supports Market Segmentation

Grand View Research has segmented the orthopedic braces and supports market-based on product, end-use, and region:

 

Orthopedic Braces & Supports Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Braces & Supports Type

    • Knee Braces & Supports

      • Knee Braces for Osteoarthritis & Ligament Injuries

      • Post-operational Knee Braces

    • Back Braces & Supports

      • Upper Spine Orthoses

      • TLSOs

      • LSOs

      • Others

    • Ankle Braces & Supports

      • Soft Braces

      • Hinged Braces

    • Walking Boots

      • Pneumatic

      • Non-pneumatic

    • Upper Extremity Braces & Supports

      • Elbow Braces & Supports

      • Wrist Braces & Supports

      • Others

    • Hip Braces & Supports

    • Others

  • Pain Management Products

    • Cold Therapy Products

    • DVT Products

Orthopedic Braces & Supports End-use Outlook (Revenue, USD Million, 2018 - 2030)

  • Orthopedic Clinics

  • Over the Counter (OTC)

  • Hospitals

  • DME Dealers

  • Others

Orthopedic Braces & Supports Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

    • Norway

    • Denmark

    • Sweden

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

    • South Korea

    • Thailand

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • MEA

    • South Africa

    • Saudi Arabia

    • UAE

    • Kuwait

List of Key Players in Orthopedic Braces And Supports Market

  • BREG, Inc.

  • Frank Stubbs Company Inc.

  • DeRoyal Industries, Inc.

  • Össur

  • Fillauer LLC

  • Ottobock

  • McDavid

  • Bauerfeind

  • Weber Orthopedic LP

  • DJO, LLC (Enovis)

Browse Full Report: Orthopedic Braces And Supports Market Report

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