Orthopedic Braces and Support Market Expected to Reach USD 8.8 Billion by 2034 with a 6.7% of CAGR

Orthopedic Braces and Support Market
Orthopedic Braces and Support Market

The global orthopedic braces and support market is projected to experience robust growth, with an estimated valuation of USD 4.6 billion in 2024 and a forecasted value of USD 8.8 billion by 2034, reflecting a CAGR of 6.7% over the assessment period. This growth is being driven by rising demand for orthopedic solutions aimed at pain management, injury recovery, and enhancing mobility. As the global population ages and the prevalence of musculoskeletal disorders increases, the need for orthopedic braces and supports continues to rise.

Orthopedic braces and supports, which are commonly used to treat injuries such as sprains, fractures, and strains, as well as to manage chronic conditions like osteoarthritis and scoliosis, are becoming an essential part of rehabilitation and injury prevention. Technological advancements in the design and material of braces—such as lighter, more breathable fabrics and custom-molded supports—are further boosting market demand by improving comfort and functionality.

Moreover, the growing focus on preventive healthcare and the increasing number of active individuals participating in sports and physical activities have heightened the need for protective braces. The rise in sports injuries and aging-related musculoskeletal disorders further accelerates market growth, as more individuals seek effective solutions for managing pain and enhancing mobility during recovery.

Key Takeaways:

  1. The orthopedic braces and support market is projected to grow from USD 4.6 billion in 2024 to USD 8.8 billion by 2034, at a CAGR of 6.7%.
  2. The increasing prevalence of musculoskeletal disorders and the aging population are driving demand for orthopedic solutions.
  3. Advancements in brace technology are improving comfort, functionality, and effectiveness, further fueling market growth.
  4. Rising sports injuries and preventive healthcare trends are expected to contribute to continued market expansion.

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

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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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