Orthopedic Braces & Supports Market by Product (Knee, Ankle, Hip, Spine, Shoulder, Neck, Elbow, Hand, Wrist), Category (Soft, Rigid, Hinged), Application (Ligament (ACL, LCL), Preventive, OA), Distribution (Pharmacies), & Region - Global Forecast to 2029
The global orthopedic braces and supports market is projected to reach USD 5.1 billion by 2029, up from USD 3.6 billion in 2023, at a CAGR of 7.2%. We have observed that bracing products are increasingly used in musculoskeletal and soft tissue applications driven by the market availability of lightweight and customizable products and the rising number of sports and other injuries and related orthopedic surgical procedures. These trends are further augmented by the customer shift toward off-the-shelf/OTC products, integration of smart textiles with bracing products (such as glucose or heart rate monitors), and continued reimbursement coverage in prominent markets. Some of the noteworthy start-ups reported in the market include Roam Robotics, Sensoria Health, ActiveOrtho, Orpyx, Myomo, Exos, and Ossur.
Orthopedic Braces and Supports Market Size, Dynamics & Ecosystem
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Orthopedic braces and supports Market Dynamics
Driver: Increasing prevalence of orthopedic diseases and disorders
Orthopedic braces and supports play a crucial role in providing stability, protection, and assistance to individuals with various musculoskeletal conditions and injuries. These devices are utilized across a spectrum of situations, including post-operative recovery, rehabilitation, injury prevention, and management of chronic conditions such as osteoarthritis. Orthopedic braces can help immobilize injured joints to facilitate healing, provide support to weakened or unstable areas, alleviate pain, and promote proper alignment and function during activities of daily living or sports participation.
- As of 2021, ~500 million individuals (aged 50 and over) had osteoporosis worldwide (Source: International Osteoporosis Foundation, 2021).
- Approximately 350 million individuals worldwide were suffering from osteoarthritis in 2021 (Source: Global RA Network, 2022).
- More than 1.3 million people in the US have rheumatoid arthritis as of 2021 (Source: American College of Rheumatology, 2021).
- As of 2021, musculoskeletal disorders in the UK were over 20 million (Source: Versus Arthritis, 2021).
- As of 2020, the prevalence of knee osteoarthritis globally was around 654 million (aged 40 and over) (Source: eClinical Medicine, The Lancet, 2020).
Restraint: Limited patient qualification for bracing-mediated orthopedic treatment
Limited patient qualification for bracing-mediated orthopedic treatment arises from various factors including the specificity of conditions amenable to bracing, individual anatomical considerations, and the necessity for proper diagnosis and prescription by qualified healthcare professionals. While orthopedic braces can offer significant benefits in certain cases, such as providing support, stability, and pain relief, they may not be suitable for every patient or orthopedic condition. Patient qualification typically involves careful assessment of factors such as the severity of the injury or condition, the potential for rehabilitation and functional improvement, and the patient's ability to comply with brace wear and rehabilitation protocols. Furthermore, the efficacy of bracing-mediated treatment may vary depending on factors like patient age, activity level, and overall health status. Thus, while orthopedic braces can be valuable tools in managing musculoskeletal issues, their use is often subject to specific patient criteria and professional judgment to ensure optimal outcomes and patient safety.
Obese patients are disqualified from using prophylactic knee braces due to high physical forces exerted, increasing the severity of knee injuries. Patients suffering from edema and deconditioning are disqualified from using orthopedic braces due to the significant muscle mass in the affected area.
Thus, limited patient qualification is one of the major factors responsible for restricting the wider adoption of bracing-mediated orthopedic treatment and is expected to restrain the growth of the orthopedic braces and supports market during the forecast period.
Opportunity: Increased sales of off-the-shelf and online products
Convenience plays a significant role, as consumers seek accessible solutions for managing orthopedic conditions without the need for custom fittings or lengthy consultation processes. Online platforms offer a wide selection of products, enabling individuals to browse and purchase braces conveniently from the comfort of their homes, while also providing access to a broader range of brands and options than traditional brick-and-mortar stores. Moreover, the growing awareness of the importance of proactive orthopedic care and injury prevention, coupled with an aging population seeking solutions for musculoskeletal issues, contributes to the rising demand for over-the-counter orthopedic products. Additionally, advancements in materials and design have improved the effectiveness and comfort of off-the-shelf braces, further driving their popularity among consumers seeking affordable and readily available solutions for orthopedic support and rehabilitation needs.
Challenge: Significant adoption of pain medication
The significant adoption of pain medication presents a challenge for the growth of the orthopedic braces market due to its potential to mask symptoms rather than address underlying musculoskeletal issues. While pain medication offers temporary relief, it may not provide long-term solutions for managing orthopedic conditions or injuries. Consequently, individuals may opt for pain medication as a quick fix instead of exploring alternative treatments like orthopedic braces, which offer mechanical support, stability, and aid in rehabilitation. Furthermore, reliance on pain medication alone may delay or deter individuals from seeking appropriate orthopedic interventions, leading to potential exacerbation of their conditions over time. Educating both healthcare providers and consumers about the benefits of orthopedic braces as complementary or primary treatment options alongside pain medication is crucial for overcoming this challenge and promoting holistic orthopedic care.
Pain relievers such as oral analgesics (acetaminophen and non-steroidal anti-inflammatory drugs such as ibuprofen, naproxen, tramadol, opiates, and duloxetine), topical agents (capsaicin and topical NSAIDs), intra-articular agents (corticosteroids and hyaluronic acid), and nutraceuticals (glucosamine and chondroitin) are the most widely used pain medications, globally.
The adoption of pain medications to manage pain associated with musculoskeletal disorders is expected to remain high over the coming decade. This is considered a major challenge for the growth of the orthopedic braces and supports market during the study period.
Orthopedic Braces and Supports Market Segmentation & Geographical Spread
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By product, the Knee Braces and Supports segment accounted of orthopedic braces & supports industry for the largest share in 2022.
Based on products, the global orthopedic braces & supports market is segmented into Knee, Ankle, foot walkers, Hip, Back, and Spine, Shoulder, Elbow, Hand, Wrist, Facial braces and supports. In 2022, the knee braces and supports segment accounted for the largest market share. Rising awareness of proactive health and increased prevalence of musculoskeletal issues fuel the growth of preventive care with braces and supports, offering non-invasive pain relief and injury prevention.
From sports enthusiasts to aging populations, people embrace braces as they provide affordable, comfortable support, reducing strain and promoting long-term joint health.
By Type, the soft and elastic braces type segment of orthopedic braces & supports industry to register significant growth in the near future.
Based on type, the orthopedic braces & supports market is divided into soft and elastic braces, hand braces and supports, elbow braces and supports, hinged braces and supports. The demand for soft and elastic orthopedic braces and supports is growing due to the increasing emphasis on comfort and flexibility, making them more suitable for everyday use and promoting patient compliance. Additionally, advancements in materials and design technologies contribute to the development of lightweight yet effective soft braces, catering to a wide range of orthopedic conditions while allowing for greater mobility.
By end user, the hospitals and surgical centers segment of orthopedic braces & supports industry accounted for the largest share in 2022
On the basis of end user, the orthopedic braces & supports market has been segmented into hospitals and surgical centers, orthopedic clinics, pharmacies and retailers, e-commerce platforms and other end users. However, the hospitals and surgical centers segment is estimated to grow at the highest CAGR during the forecast period.
By region, North America is expected to be the largest market of orthopedic braces & supports industry during the forecast period.
North America, comprising the US and Canada, accounted for the largest share of the orthopedic braces & supports market in 2022. The faster growth of the orthopedic braces and supports imaging market in North America can be attributed to its technological leadership, robust healthcare infrastructure, high market demand driven by prevalent diseases and an aging population, ample financial resources for advanced medical equipment investment, established regulatory frameworks ensuring safety and quality, active research collaboration, insurance coverage for advanced diagnostics, patient expectations for comprehensive care, and a competitive market environment fostering innovation.
As of 2022, prominent players in the market are 3M (US), Essity (Sweden), DJO LLC (US), Ossur HF (Iceland), Breg, Inc. (US), Bauerfeind AG (Germany), Devicor Medical Products, Inc., (Leica Biosystems) (Germany), Hologic, Inc. (US), Argon Medical Devices (US), Zimmer Biomet (US), Ottobock Healthcare (Germany), Thuasne (France), ALCARE Co., Ltd (Japan), Nippon Sigmax (Japan), Bird & Cronin (US), DeRoyal Industries (US), medi GmbH (Germany), and Foundation Wellness (US)
Scope of the Orthopedic Braces & Supports Industry
|
Report Metric |
Details |
|
Market Revenue in 2023 |
$3.6 billion |
|
Projected Revenue by 2029 |
$5.1 billion |
|
Revenue Rate |
Poised to Grow at a CAGR of 5.9% |
|
Market Driver |
Increasing prevalence of orthopedic diseases and disorders |
|
Market Opportunity |
Increased sales of off-the-shelf and online products |
This report has segmented the global orthopedic braces & supports market to forecast revenue and analyze trends in each of the following submarkets:
By Product
- Knee Braces and Supports
- Ankle Braces and Supports
- Foot Walkers and Orthoses
-
Hip, Back and Spine Braces and Supports
- Neck and Cervical Spine and Supports
- Lower Spine Braces and Supports
- Shoulder Braces and Supports
- Elbow Braces and Supports
- Hand & Wrist Braces and Supports
- Facial Braces and Supports
By Type
- Soft and Elastic Braces and Supports
- Hard Braces and Supports
- Hinged Braces and Supports
By Application
- Preventive Care
-
Ligament Injury
- Anterior Cruciate Ligament Injury
- Lateral Collateral Ligament Injury
- Other Ligament Injury
- Post Operative Rehabilitation
- Osteoarthritis
- Compression Therapy
- Other Applications
By End User
- Hospitals and Surgical Centers
- Orthopedic Clinics
- Pharmacies and Retailers
- E-Commerce Platforms
- DME Dealers
- Other End Users
By Region
-
North America
- US
- Canada
-
Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
-
Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia Pacific
-
Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
Recent Developments of Orthopedic Braces & Supports Industry:
- In January 2022, Össur announced the launch of the ReLeaf Active knee brace, designed to provide pain relief and support for patients with osteoarthritis. The brace features a unique hinge design that mimics the natural movement of the knee, and it is made from lightweight, breathable materials for comfort.
- In August 2022, DonJoy announced the launch of the Vizor 120 ankle brace, a lightweight and comfortable brace that provides support and stability for patients with ankle sprains. The brace features a unique air-filled pad that conforms to the shape of the ankle, and it is made from breathable materials to keep the foot cool and dry.
Frequently Asked Questions (FAQ):
What is the projected market revenue value of the global orthopedic braces & supports Market?
The global orthopedic braces & supports market boasts a total revenue value of $5.1 billion by 2029.
What is the estimated growth rate (CAGR) of the global orthopedic braces & supports Market?
The global orthopedic braces & supports market has an estimated compound annual growth rate (CAGR) of 5.9% and a revenue size in the region of $3.6 billion in 2023. .
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The study involved four major activities in estimating the current size of the orthopedic braces and supports market. Exhaustive secondary research was done to collect information on the market, peer, and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
The secondary research process involves the widespread use of secondary sources, directories, databases (such as Bloomberg Businessweek, Factiva, and D&B Hoovers), white papers, annual reports, company house documents, investor presentations, and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and commercial orthopedic braces and supports market study. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.
Primary Research
In the primary research process, various supply and demand sources were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing and sales directors, technology & innovation directors, and related key executives from various key companies and organizations in the orthopedic braces and supports market. The primary sources from the demand side include hospitals, clinics, pharmacies, retailers, e-commerce and other end users. Primary research was conducted to validate the market segmentation, identify key players, and gather insights on key industry trends & key market dynamics.
A breakdown of the primary respondents is provided below:
*Others include sales managers, marketing managers, business development managers, product managers, distributors, and suppliers.
The tiers of the companies are defined based on their total revenue. As of 2022: Tier 1 => USD 1 billion, Tier 2 = USD 200-500 million to USD 1 billion, and Tier 3 =< USD 200 million
To know about the assumptions considered for the study, download the pdf brochure
Market Estimation Methodology
In this report, the orthopedic braces and supports market’s size was determined using the revenue share analysis of leading players. For this purpose, key players in the market were identified, and their revenues from the market business were determined through various insights gathered during the primary and secondary research phases. Secondary research included the study of the annual and financial reports of the top market players. In contrast, primary research included extensive interviews with key opinion leaders, such as CEOs, directors, and key marketing executives.
Segmental revenues were calculated based on the revenue mapping of major solution/service providers to calculate the global market value. This process involved the following steps:
- Generating a list of major global players operating in the orthopedic braces and supports market.
- Mapping annual revenues generated by major global players from the product segment (or nearest reported business unit/product category)
- Revenue mapping of major players to cover a major share of the global market share, as of 2022
- Extrapolating the global value of the orthopedic braces and supporting market industry
Bottom-up approach
In this report, the size of the global orthopedic braces and supports market was determined using the revenue share analysis of leading players. For this purpose, key players in the market were identified, and their revenues from the orthopedic braces and supports business were determined through various insights gathered during the primary and secondary research phases. Secondary research included the study of the annual and financial reports of the top market players. In contrast, primary research included extensive interviews with key opinion leaders, such as CEOs, directors, and marketing executives.
Approach 1: Company revenue estimation approach
To calculate the global market value, segmental revenues were calculated based on the revenue mapping of major solution/product providers. This process involved the following steps:
- Generating a list of major global players operating in the orthopedic braces and supporting market
- Mapping the annual revenues generated by major global players from the orthopedic braces and supports segment (or the nearest reported business unit/product category)
- Mapping the revenues of major players to cover at least 80–85% of the global market share as of 2022
- Extrapolating the global value of the orthopedic braces and supports industry
Market Size Estimation For Orthopedic Braces and Supports: Approach 1 (Company Revenue Estimation)I
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Approach 2: Customer-based market estimation
During preliminary secondary research, the total sales revenue of orthopedic braces and supports was estimated and validated at the regional and country level, triangulated, and validated to estimate the global market value. This process involved the following steps:
- Generating a list of major customer facilities across each region and country
- Identifying the average number of orthopedic braces and supports product supplies used by major customer facilities across each product type at the regional/country level, annually
- Identifying the percentage contribution of major customer facilities to the overall orthopedic braces and supports expenditure and usage at the regional/country level, annually
- Extrapolating the annual usage patterns for various products across major customer facilities to estimate the size of each product segment at the regional/country level, annually
- Identifying the percentage contributions of individual market segments and subsegments to the overall orthopedic braces and supports market at the regional/country level
Orthopedic Braces And Supports Market Size Estimation: Bottom-Up Approach
Source: MarketsandMarkets Analysis
Data Triangulation
After arriving at the overall market size from the market size estimation process explained above, the global orthopedic braces and supports market was split into segments and subsegments. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the orthopedic braces and supports market was validated using top-down and bottom-up approaches.
Market Definition
The orthopedic braces and supports market encompasses a diverse range of medical devices designed to provide external support, stabilization, and relief for musculoskeletal conditions. These products include braces, supports, and orthoses tailored for various anatomical areas such as the knee, ankle, spine, wrist, and shoulder. The market addresses the growing demand for solutions related to orthopedic injuries, post-surgical recovery, and chronic musculoskeletal disorders, driven by factors such as an aging population, increased awareness of preventive healthcare, and advancements in materials and technology. With a focus on enhancing patient comfort and mobility, the orthopedic braces and supports market plays a crucial role in promoting non-invasive treatment options and comprehensive musculoskeletal care within healthcare settings.
Key Stakeholders
- Orthopedic braces and supports product manufacturers
- Original equipment manufacturers (OEMs)
- Suppliers, distributors, and channel partners
- Healthcare service providers
- Hospitals and academic medical centers
- Radiologists
- Research laboratories
- Health insurance providers
- Government bodies/organizations
- Regulatory bodies
- Medical research institutes
- Business research and consulting service providers
- Venture capitalists and other public-private funding agencies
- Market research and consulting firms
Objectives of the Study
- To define, describe, and forecast the orthopedic braces and supports market based on product, type, application, end user, and region
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To strategically analyze micro markets with respect to individual growth trends, prospects, and contributions to the total market
- To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
- To forecast the revenue of the market segments with respect to four regions, namely, North America, Europe, the Asia Pacific, Latin America, Middle East and Africa
- To profile the key players and comprehensively analyze their market ranking and core competencies
- To benchmark players within the market using a proprietary competitive leadership mapping framework, which analyzes market players on various parameters within the broad categories of market share and product footprint
Available Customizations
With the given market data, MarketsandMarkets offers customizations per the company’s specific needs. The following customization options are available for the present global orthopedic braces and supports market report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolios of the top five companies
Company Information
- Detailed analysis and profiling of additional market players (up to five)
Geographic Analysis
- Further breakdown of the Rest of Europe orthopedic braces and supports market into Russia, Belgium, the Netherlands, Switzerland, Austria, Finland, Sweden, Poland, and Portugal, among others
- Further breakdown of the Rest of Asia Pacific orthopedic braces and supports market into Singapore, Taiwan, New Zealand, Philippines, Malaysia, and other APAC countries
- Further breakdown of the Rest of Latin America (RoLATAM), which comprises Argentina, Chile, Peru, Colombia, and Cuba
- Further breakdown of the RoW market into Latin America and MEA regions
Generating Response ...
Growth opportunities and latent adjacency in Orthopedic Braces & Supports Market