Global Orthopaedic Braces and Supports Market Report and Forecast 2024-2032

Global Orthopaedic Braces and Supports Market Outlook

The global orthopaedic braces and supports market attained a value of USD 4.53 billion in 2023. The market is likely to register a CAGR of 4.2% during the forecast period of 2024-2032. It is expected to reach USD 6.53 billion by 2032.

Based on type, soft and elastic braces and supports dominated the market in 2020. Based on the application, the ligament injury segment accounted for the highest market share in 2020. On the basis of end-users, orthopaedic clinics held the largest market share in 2020. North America accounted for the major market share in 2020 and is estimated to retain its dominance over the forecast period of 2024-2032.

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Properties and Applications

Braces and supports are orthopaedic equipment that are used externally to hold, align, correct, and support certain parts of the body while healing from an injury. They are manufactured using specialised materials with precise designs that offer strong targeted support to the knee, shoulder, spine, foot, upper elbow, hip, ankle, and other body parts. they further aid in safeguarding the joints after surgeries and provide a sense of mobility to the patients.

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On the basis of product types, the industry is segmented into lower extremity, spinal, and upper extremity braces and supports. Based on types, the market can be broadly categorised into:

• Soft and Elastic 
• Hinged 
• Hard and Rigid 

Based on applications, the industry is categorised as:

• Ligament Injury 
• Preventive Care
• Post-Operative Rehabilitation
• Osteoarthritis
• Others

On the basis of end use, the industry can be segregated into:

• Orthopaedic Clinics
• Hospitals and Surgical Centres
• Over the Counter (OTC) Platforms
• Others

The EMR report looks into the regional markets for orthopaedic braces and supports like North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.

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Market Analysis

In comparison to invasive treatments, braces and supports help in reducing the incidences of post-surgical complications and assist in quick recovery. Also, consumers spend a significant part of their day in front of TVs and PCs, which results in the development of minor and major musculoskeletal deformities. Thus, the demand for braces and supports is increasing at a healthy rate.

The growing geriatric population is also contributing to the increased sales of braces and supports across the globe. The rising demand for orthopaedic softgoods such as wrist and wrist-thumb support, knee braces and wraps with flexible and rigid support, (tennis) elbow straps, and ankle supports are expected to aid the market growth. Technological advancements have also led to significant improvements in modelling and material technology and ensure increased flexibility while utilising low-weight materials. Also, the incorporation of advanced data sensors and synchronization systems are further expected to impel the industry growth over the forecast period.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global orthopaedic braces and supports market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• BREG, Inc.
• Össur Corporate.
• Bauerfeind AG
• BSN medical GmbH
• DJO Global, Inc.
• 3M Company
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report