Orthopedic Braces & Supports Market Report 2021-2031
The orthopedic braces & supports market size is projected to reach US$ 7.30 billion by 2031 from US$ 4.49 billion in 2023. The market is expected to register a CAGR of 6.3% during 2023–2031. Technological development such as adoption of anatomical modelling software and hypoallergenic materials for improved product design accuracy and efficiency are likely to remain key trends in the market.
Orthopedic Braces & Supports Analysis
The orthopaedic braces and supports market is being driven by technological improvements, an increase in the number of sports and accident-related injuries, a rise in the geriatric population, and a growing public awareness of preventive treatment. These variables help to produce creative goods and solutions that improve patient outcomes. For example, according to the, Population Reference Bureau, the number of people aged 65 and over in the US would increase from 58 million in 2022 to 82 million by 2050. The incorporation of orthopaedic consultations and device recommendations into telehealth platforms and demand for personalized orthopaedic braces and supports represents an expanding opportunity.
Orthopedic Braces & Supports Overview
The orthopedic brases and support products are used for the injury rehabilitation, injury prevention, osteoarthritic care, post-operative care and more. The braces and supports are available in the form of knee braces, ankle braces, leg braces, elbow braces, tennis elbow braces, wrist braces, thumb, hand splints, neck, back and shoulder braces and more. Moreover, Athletes people regularly utilize orthopaedic braces to prevent injuries and aid in the recovery process. Patients' increased preference for non-invasive treatment options over surgery is driving up product demand and providing a non-surgical solution for a wide range of musculoskeletal disorders. According to CDC, osteoarthritis affects over 32.5 million US adults. Braces for osteoarthritis may help improve symptoms, mobility, function, and quality of life.
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Orthopedic Braces & Supports Market: Strategic Insights
Market Size Value in US$ 3,950.6 million in 2019 Market Size Value by US$ 5,429.3 million in 2025 Growth rate CAGR of 5.3% from 2020 to 2025 Forecast Period 2020-2025 Base Year 2019
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Orthopedic Braces & Supports Market: Strategic Insights
| Market Size Value in | US$ 3,950.6 million in 2019 |
| Market Size Value by | US$ 5,429.3 million in 2025 |
| Growth rate | CAGR of 5.3% from 2020 to 2025 |
| Forecast Period | 2020-2025 |
| Base Year | 2019 |
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Orthopedic Braces & Supports Drivers and Opportunities
Rising Prevalence of Musculoskeletal Disorder to Favor Market
The increasing prevalence of musculoskeletal disorder, as well as the growing geriatric population, drive up the demand for orthopaedic procedures. For example, according to a September 2021 article in the Journal of Orthopaedic Science, approximately 4052 knee arthroplasties will be performed on males aged 40 to 64, 6942 on men aged 65 to 74, and 14,986 on men aged 75 and older in Japan by 2030. Moreover, according to the National Safety Council, in the US ~440,000 exercise and exercise equipment injuries were reported in 2022. Thus, the predicted increase in hip and knee operations in the population raises demand for braces and supports that help patients walk, propelling the market forward.
Advancement in 3D Printing
Advances in 3D printing and digital scanning technologies have made it possible to design custom-fit orthopaedic devices based on an individual's anatomy and needs. Healthcare practitioners use digital scans of a patient's spine to produce detailed 3D models that will guide the printing process. Personalization improves patient comfort and treatment outcomes, making it a huge commercial opportunity.
Orthopedic Braces & Supports Report Segmentation Analysis
Key segments that contributed to the derivation of the orthopedic braces & supports analysis are product and application.
- Based on product, the orthopedic braces & supports is segmented into knee, back & hip, shoulder, elbow, foot, and ankle and spine. The knee segment held a largest market share in 2023.
- By application, the market is segmented into ligament injury, osteoarthritis, preventive care, cold bracing and others. The ligament injury segment held the largest share of the market in 2023.
Orthopedic Braces & Supports Share Analysis by Geography
The geographic scope of the orthopedic braces & supports report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the market. The market growth in the region is attributed to the increasing geriatric population, growing developments by the market players for orthopedic braces and supports, growing awareness about product availability, and rising adoption of orthopedic braces to offer mobility and prevent further injury in the ligament.
Orthopedic Braces & Supports Report Scope
Orthopedic Braces & Supports News and Recent Developments
The orthopedic braces & supports is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the orthopedic braces & supports are listed below:
- OrthoPediatrics Corp. acquired Boston Orthotics & Prosthetics. This acquisition enables OrthoPediatrics Corp to serve more patients as an extension of our growth strategy to surround the pediatric orthopedic surgeon customers with the most comprehensive portfolio of pediatric orthopedic treatment devices (Source: OrthoPediatrics Corp, Press Release, Jan 2024)
- dj Orthopedics, Inc., released a new, multifunctional back bracing system, the BOA (Back Orthotic Appliance). The BOA is designed to address a variety of clinical spinal indications, including post-operative support after spinal fusion and spinal laminectomy, acute and
- chronic low back pain and disc herniation or degeneration. (Source: dj Orthopedics Inc, Press Release, September 2022)
Orthopedic Braces & Supports Report Coverage and Deliverables
The “Orthopedic Braces & Supports Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Orthopedic braces & supports market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Orthopedic braces & supports market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- orthopedic braces & supports analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the orthopedic braces & supports
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The market is estimated to grow at a CAGR of 6.3% during 2023–2031.
The estimated value of the market by 2031 will be US$ 7.30 billion.
DJO Global and Zimmer Biomet are the leading players operating in the intermittent catheters market.
Adoption of anatomical modelling software and hypoallergenic materials is likely to act as trends in the market in the future.
The rising prevalence of musculoskeletal disorder, increase in the number of sports and accident-related injuries, and a rise in the geriatric population are the factors bolstering the market.
North America dominated the market in 2023.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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