Orthopedic Braces And Supports Industry Overview

The global orthopedic braces and supports market size was estimated at USD 4.44 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2030.

Increasing technological advancements, rising number of sports and accident-related injuries, increasing geriatric population and growing public awareness of preventive care are key drivers in the orthopedic braces and support market. These factors contribute to developing innovative products and solutions for better patient outcomes. For instance, according to the Population Reference Bureau, population in the U.S. aged 65 and above is projected to rise from 58 million in 2022 to 82 million by 2050.

Gather more insights about the market drivers, restrains and growth of the Orthopedic Braces And Supports Market

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.

The demand for market products, including postoperative bracing solutions and unloader OA (Osteoarthritis) bracing products, is expected to be driven by several factors, such as the growing popularity of amateur sports and increased activity levels contributing to the need for orthopedic braces and supports. The aging population in key markets worldwide creates a higher demand for these products as older individuals are more prone to musculoskeletal issues. Moreover, the rising number of orthopedic surgeries further fuels the demand for postoperative bracing solutions.

Furthermore, the increasing incidence of osteoarthritis, the most commonly occurring form of arthritis affecting individuals of all age groups, significantly drives the demand for orthopedic braces and supports. For instance, according to Arthritis & Osteoporosis Tasmania, in Australia, 3.9 million individuals have arthritis, projected to increase to 5.4 million by 2030. This increases the risk of muscle injuries, particularly in the shoulders and knees of older people. Stiffening of the joints is a common issue among older people, emphasizing the need for braces and supports to improve mobility.

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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
• Pain Management 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
  • US
  • Canada
• Europe
  • Germany
  • UK
  • 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

Key Companies profiled:

• BREG, Inc.
• Frank Stubbs Company Inc.
• DeRoyal Industries, Inc.
• Össur
• Fillauer LLC
• Ottobock
• McDavid
• Bauerfeind
• Weber Orthopedic LP
• DJO, LLC (Enovis)

Key Orthopedic Braces And Supports Company Insights

• BREG, Inc. manufactures and markets sports medicine products. The company sells its products through more than 100 distributors in 36 countries. The company offers hip, knee, spine, elbow, ankle, and foot braces. The company utilizes its well-established distribution network to expand its business geographies and cater to emerging economies.
• Frank Stubbs Company Inc. is an emerging player that designs and manufactures orthopedic supports, binders, and compression garments for the plastic surgery market.

Recent Developments

• In January 2024, Enovis Corporationacquired LimaCorporate S.p.A., an orthopedic implant solutions company. Lima strengthens Enovis’ position in the global orthopedic reconstruction market by offering various orthopedic medical devices, including braces.
• In October 2023, OrthoPediatrics Corp. launched DF2 Brace to treat kids suffering from musculoskeletal injuries. It is intended for femur fracture fixation in pediatric patients aged six months to 5 years.

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