The global orthopedic braces and support industry is poised for steady growth, with its valuation projected to rise from USD 4.6 billion in 2024 to USD 8.8 billion by 2034. This expansion represents a compound annual growth rate (CAGR) of 6.7% over the forecast period, driven by increasing prevalence of musculoskeletal disorders, a rise in sports-related injuries, and advancements in orthopedic technologies.
Orthopedic braces and support products are essential for injury prevention, post-surgery recovery, and the management of chronic conditions such as arthritis and osteoporosis. The market’s growth is further fueled by the aging population, a rise in active lifestyles leading to injury risks, and heightened awareness of preventive healthcare measures.
Technological innovations, including lightweight materials, customizable designs, and smart braces equipped with sensors for real-time monitoring, are enhancing patient comfort and outcomes. Moreover, the growing trend of home-based rehabilitation and direct-to-consumer sales channels is expected to boost market penetration globally.
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Key Takeaways:
- Market Growth: The orthopedic braces and support market is projected to grow at a 6.7% CAGR, reaching USD 8.8 billion by 2034.
- Market Drivers: Increasing incidence of musculoskeletal disorders, advancements in brace technology, and a focus on preventive healthcare are driving growth.
- Industry Trends: The adoption of smart braces, 3D printing for customization, and eco-friendly materials are shaping the market landscape.
- Future Outlook: With an expanding range of applications and continuous innovation, the market is set to play a pivotal role in improving mobility and quality of life for patients worldwide.
The growth trajectory of the orthopedic braces and support market underscores its significance in modern healthcare, providing effective solutions for injury prevention and rehabilitation, and enhancing the overall standard of care for musculoskeletal health.
Factors Driving Market Growth
- Increasing Prevalence of Musculoskeletal Disorders: The rise in conditions such as arthritis, sports injuries, and post-surgical rehabilitation is driving demand for orthopedic braces and supports.
- Shift Towards Non-Surgical Interventions: More patients are opting for non-invasive treatments, leading to an increase in the use of braces and supports for injury management and recovery.
- Technological Advancements: Innovations in materials and design are improving the effectiveness and comfort of orthopedic devices, making them more appealing to consumers.
- Aging Population: The growing elderly population, which is more susceptible to musculoskeletal issues, is contributing significantly to market expansion.
- Rising Awareness of Preventive Care: Increased emphasis on preventive healthcare measures is boosting the demand for orthopedic support products.
Regional Insights
- The United States is expected to see strong growth, with sales projected to exceed USD 1.6 billion by 2034, expanding at a CAGR of approximately 7.0%.
- Countries like China, Japan, and South Korea are also anticipated to experience significant growth rates, driven by increasing healthcare investments and rising awareness of musculoskeletal health.
Trends Influencing Sales of Orthopedic Braces and Supports
- The widespread prevalence of musculoskeletal conditions is a primary driver for the sales of orthopedic braces and supports.
- Surging sedentary lifestyle is increasing orthopedic issues like fractures, osteoarthritis, and sports-related injuries. Thus amplifying the sales of orthopedic braces and support products for injury prevention, pain management, and rehabilitation.
- Rising healthcare expenditure by governments in emerging economies is vital to market growth.
- Leading companies are stepping up their efforts to develop novel orthopedic braces and supports. To procure fabrics that are soft, breathable, and antibacterial, they are collaborating with patients and clinical specialists.
- Surge in robust strategic initiatives like product commercialization by key players.
- Robust promotion activities by leading players to amplify sales of orthopedic braces and supports.
- Manufacturers are introducing orthopedic braces solutions that offer patient comfort, convenience of use, and increased efficacy to encourage patient compliance and rapid healing.
- Leading manufacturers are rapidly adjusting and addressing some common complaints people face from traditional spinal orthoses by integrating molded, form-fitting components.
Top Recommended Strategies to Stay Ahead of Market Competition
- Key players can use smart sensors, materials, and biofeedback mechanisms to provide rehabilitation experiences and personalized support for effective rehabilitation bracing solutions.
- Companies need to prioritize research to develop new materials, applications, and designs for braces and support to effectively meet the needs of patients and align with emerging trends.
- Industry participants can consider collaborating with experts to prepare products validated for science and practical use cases.
- Market contenders can offer customization options like personalized support levels and custom-fit braces to meet individual needs effectively.
- By focusing on streamlining the purchase process, like offering hassle-free returns and convenient online ordering options, players can build loyalty and trust among their target market.
Recent Developments
- In October 2023, OrthoPediatrics Corp. launched the DF2 Brace as a strategy to expand into non-surgical business to treat kids suffering from musculoskeletal injuries.
- In September 2023, Enovis Corporation officially disclosed the acquisition of LimaCorporate S.p.A. The acquisition of the latter company added a wide variety of orthopedic medical devices like braces and other support apparatus.
Key Players in the Orthopedic Braces and Support Industry
- DJO, LLC (United States)
- Zimmer Biomet (United States
- Medtronic (Ireland)
- Stryker Corporation (United States)
- Össur (Iceland)
- NuVasive®, Inc (United States)
- Integra LifeSciences Corporation (United States)
- Globus Medical (United States)
- OTTOBOCK (Germany)
- AC Mould Engineering Limited (China)
- Johnson and Johnson Services, Inc (United States)
- Weber Orthopedic LP. DBA Hely and Webe (United States)
- BSN medical (India)
- Becker Orthopedic (United States)
- OPPO MEDICAL INC (United States)
- Langer Biomechanics (United States)
- Frank Stubbs Company Inc. (United States)
- DeRoyal Industries, Inc (United States)
- Ascent Meditech Limited (India)
- Alcare Co., Ltd (Tokyo)
- Others
Orthopedic Braces and Support Industry by Category
By Product:
- Braces and Supports Type
- Knee Braces for Osteoarthritis and Ligament Injuries
- Post-operational Knee Braces
- Upper Spine Orthoses
- TLSOs
- LSOs
- Soft Braces
- Hinged Braces
- Pneumatic
- Non-pneumatic
- Elbow Braces and Supports
- Wrist Braces and Supports
- Pain Management Products
- Cold Therapy Products
- DVT Products
By End-user:
- Orthopedic Clinics
- Over the Counter (OTC)
- Hospitals
- DME Dealers
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and the Pacific
- East Asia
- Middle East and Africa
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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