Global Orthopedic Braces Supports Market Report and Forecast 2024-2032

Orthopedic Braces Supports Market Size

The global orthopedic braces supports market was valued at USD 3.8 billion in 2023 due to the growing geriatric population across the globe. The market is expected to grow at a CAGR of 6.95% during the forecast period 2024-2032 and attain a market value of USD 7 billion by 2032.

Orthopedic Braces Supports Market Outlook

• The market growth is driven by the rising numbers of musculoskeletal disorders, the aging of the population, and the increased involvement in sports.

• The 2022 report from the World Health Organization revealed that approximately 1.71 billion people globally are impacted by musculoskeletal problems because of population increase and aging. Such factors are expected to boost the demand for orthopedic braces and supports.

• The market in North America is estimated to lead due to the increasing prevalence of orthopedic conditions, technological advancements, and higher utilization rates.

Orthopedic Braces Supports Market Overview

Orthopedic braces supports are the devices used when there is an issue in the musculoskeletal system. It is used to help in correcting irregularities and improving functionality. It also provides support and stability in various circumstances. Braces can enhance joint stability, restrict undesired movements, and help with issues like drop foot and scoliosis. It helps in avoiding fractures and providing support for conditions like hammertoes, bunions, and heel spurs. In general, braces and orthotics are important aids for preserving joint health, avoiding injuries, and enhancing stability and mobility.

Orthopedic braces supports have advanced by incorporating lightweight materials, ergonomic designs, and integrating smart technology. Enhancements consist of breathable materials, adaptable straps, and upgraded cushioning for added comfort. Advancements such as 3D printing are used to produce personalized braces. Intelligent braces currently monitor joint movements live, follow the progress of rehabilitation, and offer feedback to both patients and healthcare providers for compliance with movement restrictions.

Orthopedic Braces Supports Market Growth Drivers

Rising Orthopedic Disorders Fuel Market Growth

Orthopedic conditions such as arthritis, fractures, and chronic joint pain are increasing which can result in pain and limited movement. The World Health Organization's 2022 report stated that around 1.71 billion  individuals worldwide are affected by musculoskeletal issues. There is a fast-growing number of people living with these conditions due to population growth and geriatric population. The need for orthopedic braces supports is increasing to effectively manage these conditions. These devices help to provide stability, pain relief, and assist in the healing process by restricting movement and providing structural support. Orthopedic braces help to maintain daily activities and heal quicker by immobilizing and safeguarding affected areas, thus averting additional injury. They play a vital role in the immediate care and ongoing control of orthopedic conditions.

Rising Sports Activities, Road Accidents, and Natural Disasters to Boost Orthopedic Braces Supports Market Demand

An increase in sports participation, road accidents, and natural calamities are the main reasons for global demand for orthopedic braces and supports. Injuries such as sprains and fractures are increasing, leading to a high requirement for braces in order to heal and avoid additional harm. Road accidents are also a factor in the demand for braces, with millions happening worldwide annually, leading to the necessity of aids for recovery and movement. Orthopedic braces play a vital role in stabilizing fractures and helping with recovery during different injuries caused by natural disasters.

Orthopedic Braces Supports Market Trends

The market is witnessing several trends and developments to improve the current scenario. Some of the notable trends are as follows:

Technological Advancements
 
Orthopedic braces are enhanced for comfort and mobility with advanced materials such as carbon fiber and breathable fabrics. Individual anatomical needs are improved through customization using 3D printing technology, leading to better fit and efficacy. Intelligent braces equipped with sensors and IoT connectivity enable instant monitoring and customized rehabilitation plans. Biomechanical designs help minimize pain and contribute to quicker healing. These advancements improve the effectiveness of orthopedic braces and enhance the quality of life for patients.

Rising Geriatric Population 
 
An increase in elderly individuals is causing a higher prevalence of musculoskeletal disorders, leading to the adoption of orthopedic braces for pain relief and mobility. Technological progress in braces, like lightweight materials and customizable designs, is appealing to older users seeking comfort. Healthcare professionals are incorporating orthopedic braces into the care of elderly individuals, with manufacturers enhancing products to meet the needs of aging patients. The increasing demand for customized solutions in orthopedic braces mirrors the rising needs of the expanding elderly population.

Growing Awareness and Adoption of Preventive Care 
 
Advantages of early intervention for musculoskeletal health are leading to an increased application of braces that offer stability, pain relief, and injury prevention. Manufacturers are creating new designs with lightweight materials and adjustable features to improve comfort. Moreover, healthcare experts are advocating for non-invasive treatments, driving market expansion in developed areas with advanced early treatment systems.

Increasing Incidence of Obesity
 
The orthopedic braces market is being affected by obesity as the extra weight can strain joints, resulting in increased occurrences of osteoarthritis and injuries. Manufacturers are developing braces with advanced materials and designs to support heavier loads comfortably and effectively. Customization and ergonomic design are essential for addressing the needs of obese patients. Healthcare professionals are recommending the use of braces for obese individuals to alleviate pain, prevent injury, and enhance mobility, thus driving market expansion.

Orthopedic Braces Supports Market Segmentation

Market Breakup by Product

• Knee Braces and Supports

• Ankle Braces and Supports

• Foot Walkers & Orthoses

• Hip, Back, And Spine Braces and Supports

• Shoulder Braces and Supports

• Elbow Braces and Supports

• Wrist Braces and Supports

• Facial Braces and Supports

Market Breakup by Type

• Soft & Elastic Braces and Supports

• Hard Braces and Supports

Market Breakup by Application

• Ligament Injury

• Preventive Care

• Post-Operative Rehabilitation

• Osteoarthritis

• Other Applications

Market Breakup by Distribution Channels

• Hospitals & Surgical Centers

• Orthopedic Clinics

• Pharmacies & Retailers

• E-Commerce Platforms

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Orthopedic Braces Supports Market Share

Market Segmentation Based on Type to Witness Substantial Growth

The market breakup based on type includes soft and elastic braces and supports, along with hard braces and supports. Soft and stretchy braces and supports are anticipated to witness a notable increase in the market, fueled by the presence of top-notch products, growing usage by consumers, and beneficial reimbursement policies. The orthopedic braces, made of flexible materials like neoprene, provide modest compression and support without inhibiting movement, resulting in comfort and stability for a variety of musculoskeletal disorders. These products, known for their lightweight and breathable composition, help in relieving pain, reduce swelling, and promote healing and flexibility in a variety of orthopedic problems globally.

Orthopedic Braces Supports Market Analysis by Region

Based on region, the market report covers North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.

North America is expected to lead the global market because of the rising number of orthopedic diseases, injuries, and an aging population. Innovative brace technology, advancements in technology, and increased use of contemporary braces are fueling the growth of the market.

The increase in orthopedic treatments in Europe is fueled by a growing number of patients and the recognition of advanced treatment choices. Non-surgical treatments for orthopedic disorders and compensation play a role as well. Nevertheless, there is an increasing prevalence of musculoskeletal conditions caused by factors such as injuries, aging, and obesity. The need for orthopedic braces and support is increasing due to the growing number of elderly people.

The market in the Asia-Pacific region is experiencing rapid growth and is predicted to sustain this growth in the future, driven by factors like many patients with long-term illnesses, enhanced healthcare facilities, and rising healthcare expenditure in the region. An increasing elderly population and a high incidence of acute and chronic ailments due to sedentary habits also impact the market landscape. Investments in healthcare research and development in emerging nations of Asia-Pacific, whether from public or private sources, are also helping drive market expansion.

Leading Players in the Orthopedic Braces Supports Market

The key features of the market report include patent analysis, funding, and investment analysis as well as strategic initiatives including recent partnerships and collaborations by the leading players. The major companies in the market are as follows:

Ossur India Pvt. Ltd

Ossur produces and sells non-surgical orthopedic products such as supports and prosthetics on a global scale. In 2021, the Rebound ® Post-Op Elbow Brace was launched by the company, providing a lightweight, adjustable option for individuals recuperating from serious elbow injuries or surgeries.

DJO LLC

DJO is an American medical device company located in Texas, focusing on orthopedic products for pain management, rehabilitation, and physical therapy. Their categories consist of Bracing & Supports, Surgical, Footcare, Healthcare Solutions, and Recovery. Their bracing and support products are renowned for being lightweight and comfortable, designed for various body parts such as knees, ankles, elbows, and are relied upon by doctors, athletes, and patients. DJO, LLC introduced the DonJoy® ROAM™ OA knee brace specifically designed for individuals experiencing osteoarthritis or knee discomfort in January 2024. This support brace uses modern unloader technology to reduce pain, increase stability, and boost mobility for individuals looking for non-invasive treatment, preparing for surgery, or recovering after surgery.

Bauerfeind AG

Bauerfeind AG, a German healthcare equipment company, is renowned for its orthopaedic stockings and insoles. They provide services for high-level athletes and sports teams based in Zeulenroda-Triebes, Thuringia. The establishment of the company took place in Zeulenroda in 1929. Bauerfeind Sports launched a knee support for outdoor sports in October 2023. It was made with merino wool and flat knit support featuring functional elements. The knee brace supports and alleviates the patellar tendon, with Merino Compression Knit, Omega Pad, and Downhill Relief System.

Bird & Cronin LLC

Established in 1970, Bird & Cronin first concentrated on local home care services. Eventually, they grew to become an international maker and producer of top-notch medical items. Purchased by Dynatronics Corporation in 2017, they currently provide orthopedic soft goods, sports medicine items, and specialty care products under their Physician’s Choice® brand. Bird & Cronin is devoted to providing high-quality medical products and services to address the changing demands of the healthcare sector.

Other players in the market include Essity Medical Solutions, 3M Company, ALCARE Co. Ltd, Becker Orthopedic, Frank Stubbs Company Inc., Ottobock SE & Co. KGaA, and Zimmer Biomet Holdings Inc.

Key Highlights of the Report

Key Questions Answered in the Orthopedic Braces Supports Market Report

• What was the global orthopedic braces supports market value in 2023? 
• What are the global orthopedic braces supports market forecast outlook for 2024-2032? 
• What are the regional markets covered in the EMR report?
• What is market segmentation based on product? 
• What is market segmentation based on type? 
• What is market breakup based on application? 
• What is market segmentation based on distribution channels? 
• What are the major factors aiding the global orthopedic braces supports market demand? 
• How has the market performed so far and how is it anticipated to perform in the coming years? 
• What are the major trends influencing the market?  
• What are the major drivers, opportunities, and restraints in the market?  
• Which regional market is expected to dominate the market share in the forecast period?  
• Which country is likely to experience elevated growth during the forecast period?  
• Who are the key players involved in the global orthopedic braces supports market? 
• What are the current unmet needs and challenges in the market? 
• How are partnerships, collaborations, mergers, and acquisitions among the key market players shaping the market dynamics?