Global Orthopedic Braces and Supports Patent Landscape Report 2024

Global Orthopedic Braces and Supports Market Size

The global orthopedic braces and supports market was valued at USD 4.73 billion in 2023. It is expected to grow at a CAGR of 4.5% during the forecast period of 2024-2032 and attain a market value of USD 7.03 billion by 2032.

The market growth is driven by the increasing cases of respiratory diseases. Orthopedic braces and supports are becoming more popular due to the growing elderly population worldwide, who are more susceptible to musculoskeletal disorders.

Patent Landscape Report Coverage

The Global Orthopedic Braces and Supports Patent Landscape Report provides a comprehensive and in-depth analysis of the patents in this growing industry. The key sections captured in the report for Orthopedic Braces and Supports include a thorough examination of the patent portfolios of key players, covering aspects such as the number of patents and types of technologies patented. It includes the latest trends, geographical distribution of patents, top IP player profiles, technological segmentation, and patent valuation associated with Orthopedic Braces and Supports. The breakdown of patents by technical segments is provided, giving more clarity on the specific areas of innovation within orthopedic braces and support technologies.

Key Inclusions

• Patent Valuation Analysis

An analysis and competitive benchmarking of key members of unique patent families are covered in the analysis for orthopedic braces and support technologies. The important parameters have been taken into consideration including IP document, year of application, number of citations, time to expiry, and jurisdiction associated with Orthopedic Braces and Supports.

• Analysis of Patent Applications

A comprehensive summary of several patent applications which were filed across different jurisdictions for orthopedic braces and supports and their relative value are covered. The analysis will cover the capital in terms of innovation and innovation type.

• Analysis of Granted Patents

Detailed analysis of the granted patents across different jurisdictions for orthopedic braces and supports and their relative value in the IP are covered in the final report.

Orthopedic Braces and Supports Patent Outlook

• An increase in participation in sports and physical activities has led to a rise in the frequency of sports-related injuries, including sprains, strains, and fractures. Orthopedic braces and supports are more in demand due to the increase in injuries since they are crucial for efficient injury treatment and recuperation.

• As the incidence of obese people is on the rise, the extra weight puts more strain on joints, increasing the likelihood of orthopedic problems like osteoarthritis and joint pain. This results in high orthopedic braces and supports demand as they can help reduce pain and increase mobility.

• The patent landscape is affected by the rising advances in brace materials, such as breathable, long-lasting, and lightweight textiles that improve product comfort and effectiveness.

What are Orthopedic Braces and Supports?

Orthopedic braces and supports are medical devices made to protect, stabilize, and enhance musculoskeletal structures like ligaments, joints, and bones. By lessening strain and improving mobility, they are used to manage chronic conditions, assist in the healing process following injuries, and offer preventive care. Treatments for ailments like sprains, fractures, arthritis, and post-surgical rehabilitation frequently involve the use of these devices.

The components of orthopedic braces and supports include frame or shell, hinges, and joints, padding and liners, straps and fasteners and others made of breathable fabrics. Orthopedic braces and supports can work in different ways, including lower extremity braces and supports are made to support and stabilize the lower body, which includes the hips, knees, ankles, and feet. These tools are frequently used to treat wounds, reduce discomfort from ailments like arthritis, and support the body's healing and mobility following surgery. Orthopedic braces and supports has various applications in healthcare domain reflecting the positive impact on patent landscape.

Orthopedic Braces and Supports Industry Growth Drivers

Aging Population is Expected to Boost the Patent Industry Growth

Orthopedic braces and supports are becoming popular as the world's population is aging, and more people are developing musculoskeletal conditions like osteoporosis and arthritis. For instance, Össur presented the Unloader One X, the latest model in its Unloader One range of knee braces, which is intended to assist patients with osteoarthritis (OA) in lessening pain and enhancing function.

There is an increase in patent activity, which focuses on enhancing the performance of orthopedic braces and supports. In 2022, 130 patents were granted which were increased to 176 patent grants in 2023. Patents covering these technologies are crucial for companies, thus impacting the orthopedic braces and supports patent landscape.

Technological Innovations is Expected to Propel Orthopedic Braces and Supports Patent Industry 

To improve the efficiency, comfort, and usability of these devices, advanced materials, better designs, and customizable features are being developed for the orthopedic braces and supports market. Better patient outcomes, higher adoption rates, and a greater desire for the newest products on the market are all results of these advancements. This stimulates patent activity as companies strive to make their product unique within orthopedic braces and support industry.

Orthopedic Braces and Supports Patent Segmentation

The report will cover the following sections in detail:

Analysis by Product

• Lower Extremity Braces and Supports

• Spinal Braces and Supports

• Upper Extremity Braces and Supports

Analysis by Type

• Soft and Elastic Braces and Supports

• Hinged Braces and Supports

• Hard and Rigid Braces and Supports

Orthopedic Braces and Supports Patent Segmentation Analysis

The breakup based on product includes lower extremity braces and support, spinal braces and supports as well as upper extremity braces and supports. The spinal braces and supports are intended to treat and manage conditions like scoliosis, herniated discs, and post-surgical recovery by stabilizing and supporting the spine. These braces limit movement and give the spine the proper alignment and support, which helps to relieve pain, enhance posture, and stop additional injuries. Detailed technological data will be provided for all specified segments classified in this report.

Orthopedic Braces and Supports Patent Jurisdiction Analysis

The United States is one of the leading jurisdictions for orthopedic braces and supports patents, having around 4000+ patents. The presence of big companies, well-established healthcare infrastructure, and advanced research and development activities contributes to the regional patent landscape significantly.

Patent Profile of Key Companies

Among the players with orthopedic braces and supports patent families, new entrants have been identified, which can be either established companies or startups developing their first technology in the orthopedic braces and supports field. Some of the major companies mentioned in this report (a non-exhaustive list) are as follows:

Smith & Nephew

A multinational medical technology business established in 1856 and with its headquarters located in London, UK, it specializes in surgical instruments, orthopaedic products such as braces and supports, and advanced wound management. The orthopedic division of the company provides cutting-edge approaches to pain relief, injury prevention, and rehabilitation.

Royce Medical Co

It is a California-based company that was established in 1966 and is focused on developing and producing orthopedic braces and supports. The company's main goals include preventing injuries, managing pain, and providing innovative solutions for rehabilitation.

Other companies include Fgp Srl, Exploramed Nc4 Inc., Axial Medical Printing Ltd., Djo LLC, Moximed Inc., Globus Medical INC, Ossur Americas INC., and Breg INC., among others.

Reasons to Purchase this Report

The orthopedic braces and supports patent report provides information on the intellectual property (IP) position and strategy of key players. This report can help companies and players looking to enter or invest in this field by -

• Competitive Advantage: The landscape reveals the market leaders, potential partners and innovators and makes it understandable which companies have important patents in this field of orthopedic braces and supports.

• Innovation Insights: The patent analysis reveals new innovations and technologies in orthopedic braces and supports.

• Market Positioning: Companies with strong patent portfolios gain a competitive advantage because their intellectual property assets differentiate their products. Understanding their intellectual property strategy reveals the market position of new entrants and potential barriers to entry within orthopedic braces and supports patent landscape.

• Risk Assessment: In technology-intensive fields such as orthopedic braces and supports, risks of IP infringement are common. Analyzing patent landscapes helps companies assess risk, develop mitigation strategies, and inform licensing, partnering, and acquisition decisions.

Key Questions Answered in the Orthopedic Braces and Supports Patent Landscape Report

• Who are the key players in the orthopedic braces and supports patent landscape?
• How is the patent portfolio distributed geographically?
• What are the emerging trends in orthopedic braces and support patents?
• How has the patent landscape evolved over time?
• What are the strategic insights for market players and investors?
• What is the technological focus of patents in the orthopedic braces and supports industry?
• How do patent strategies impact competitive advantage?
• What are the implications of patent filings in orthopedic braces and supports?
• What are the challenges and opportunities in the orthopedic braces and supports patent landscape?
• What are the regulatory and legal considerations?
• What technological innovations have recently emerged in orthopedic braces and supports?

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