Abstract
Summary
The global orthopedic braces and supports market is projected to reach USD 5.1 billion by 2029 from USD 3.6 billion in 2023, at a CAGR of 5.9% from 2023 to 2029. aging population, coupled with a rise in musculoskeletal disorders such as osteoarthritis and osteoporosis, has increased the demand for these products. Moreover, increased awareness of the importance of preventive care and post operative care has driven demand for advanced orthopedic braces and supports.
“The knee braces and supports segment of product segment held the largest share of the market in 2022”
Based on product, the orthopedic braces and supports market is segmented into Knee, Ankle, Foot Walkers, Hip, Back, and Spine, Shoulder, Elbow, Hand, Wrist, Facial bracses and supports. As the global population ages, there is an increased prevalence of conditions affecting the knee joint, contributing to the demand for supportive and rehabilitative solutions. Additionally, advancements in materials and design technologies have led to the development of more comfortable and effective knee braces, promoting patient compliance and expanding the market further. The emphasis on active lifestyles and sports participation, coupled with the growing awareness of knee health, also fuels the increasing adoption of knee braces for both preventive and therapeutic purposes which have increased the accuracy and reliability of these procedures, further driving their adoption.
“The soft and elastic braces and supports segment is projected to register the highest CAGR during the forecast period.”
Based on type, the orthopedic braces and supports market is segmented into soft and elastic braces, hard braces and hinged bracess. The soft and elastic brcaces segment accounted for the largest market share in 2022. The soft and elastic orthopedic braces market is witnessing growth due to a shift in consumer preferences towards products that offer a balance between support and comfort. These braces, made from flexible and breathable materials, cater to individuals seeking everyday wearability and ease of movement without compromising on therapeutic benefits. The growing awareness of the importance of early intervention and preventive care in managing musculoskeletal conditions has also contributed to the increasing demand for soft and elastic braces and it growing market.
“The hospital and surgical centers segment for end user segment is projected to register a significant CAGR during the forecast period.”
On the basis of distribution channel, the orthopedic braces and supports market is segmented into into hospitals and surgical centers, orthopedic clinics, pharmacies and retailers, e-commerce platforms and other end users. The hospital and surgical centers segment accounted for the significant share of the orthopedic braces and supports market in 2022. An aging population worldwide is contributing to an increased incidence of musculoskeletal issues, leading to a greater need for orthopedic solutions. Furthermore, advancements in medical technology have enabled the development of more effective and specialized braces, making them integral to post-surgical rehabilitation and overall patient care. The emphasis on non-invasive treatment options aligns with the growing preference for comprehensive healthcare solutions, driving the integration of orthopedic braces into hospital settings.
“The market in the North America region is expected to witness the highest growth during the forecast period.”
The orthopedic braces and supports market in the North America region is expected to register a CAGR during the forecast period, primarily due to the high healthcare spending in the region, rising prevalence of target diseases, increasing research activities, growing number of orthopedic surgeries, and technological advancements in bracing systems.
A breakdown of the primary participants referred to for this report is provided below:
• By Company Type: Tier 1–48%, Tier 2–36%, and Tier 3– 16%
• By Designation: Director-level–14%, C-level–10%, and Others–76%
• By Region: North America–40%, Europe–32%, Asia Pacific–20%, Latin America–5%, and the Middle East & Africa–3%
The prominent players in the orthopedic braces and supports market are DJO LLC (US), Ossur HF (Iceland), Breg, Inc. (US), Bauerfeind AG (Germany), Essity AB (Sweden), 3M Company (US), Zimmer Biomet (US), Ottobock Healthcare (Germany), Thuasne (France), ALCARE Co., Ltd (Japan), Nippon Sigmax (Japan), Bird &, Cronin (US), DeRoyal Industries (US), medi GmbH (Germany), and Foundation Wellness (US)among others.
Research Coverage
This report studies the orthopedic braces and supports market based on product, type, application, enduser, and region. It also covers the factors affecting market growth, analyzes the various opportunities and challenges in the market, and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micro markets with respect to their growth trends and forecasts the revenue of the market segments with respect to five main regions (and the respective countries in these regions).
Reasons to Buy the Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall orthopedic braces and supports market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
This report provides insights on the following pointers:
• Analysis of key drivers (rising target patient population, growing adoption of orthopedic braces and supports imaging devices, technological advancement, and increasing investment, funds, and grants by public-private organizations), restraints (high capital and operational cost, unfavorable regulatory guidelines), opportunities (improving healthcare infrastructure across emerging countries, orthopedic braces and supports utilization for breast imaging, promising product pipeline), and challenges (availability of alternate imaging technologies) influencing the growth of the orthopedic braces and supports market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the orthopedic braces and supports market
• Market Development: Comprehensive information about lucrative markets–the report analyses the orthopedic braces and supports market across varied regions.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the orthopedic braces and supports market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like DJO LLC (US), Ossur HF (Iceland), Breg, Inc. (US), Bauerfeind AG (Germany), Essity AB (Sweden), 3M Company (US), Zimmer Biomet (US), Ottobock Healthcare (Germany), Thuasne (France), ALCARE Co., Ltd (Japan), Nippon Sigmax (Japan), Bird &, Cronin (US), DeRoyal Industries (US), and medi GmbH (Germany) among others.
Table of Contents
1 INTRODUCTION 32
1.1 OBJECTIVES OF THE STUDY 32
1.2 MARKET DEFINITION 32
1.2.1 INCLUSIONS AND EXCLUSIONS 33
1.3 MARKET SCOPE 33
1.3.1 MARKETS COVERED 33
1.3.2 REGIONS CONSIDERED 34
1.3.3 YEARS CONSIDERED 34
1.3.4 CURRENCY CONSIDERED 34
1.4 STAKEHOLDERS 35
1.5 SUMMARY OF CHANGES 35
1.5.1 RECESSION IMPACT 36
2 RESEARCH METHODOLOGY 37
2.1 RESEARCH DATA 37
2.1.1 SECONDARY RESEARCH 38
2.1.2 PRIMARY RESEARCH 39
- 2.1.2.1 Primary sources 40
- 2.1.2.2 Key industry insights 40
- 2.1.2.3 Breakdown of primaries 41
2.2 MARKET SIZE ESTIMATION METHODOLOGY 41
2.2.1 BOTTOM-UP APPROACH 42
- 2.2.1.1 Approach 1: Company revenue estimation approach 42
- 2.2.1.2 Approach 2: Customer-based market estimation 44
- 2.2.1.3 Approach 3: CAGR projections 45
2.2.2 END USER-BASED MARKET SIZE ESTIMATION 45
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 46
2.3.1 MARKET SHARE ASSESSMENT 47
2.4 RESEARCH ASSUMPTIONS 47
2.5 GROWTH RATE ASSUMPTIONS 48
2.6 RESEARCH LIMITATIONS 48
2.6.1 SCOPE-RELATED LIMITATIONS 48
2.6.2 METHODOLOGY-RELATED LIMITATIONS 48
2.7 RISK ASSESSMENT 49
2.7.1 ORTHOPEDIC BRACES AND SUPPORTS MARKET: RISK ASSESSMENT 49
2.8 RECESSION IMPACT ANALYSIS 49
3 EXECUTIVE SUMMARY 51
4 PREMIUM INSIGHTS 55
4.1 ORTHOPEDIC BRACES AND SUPPORTS MARKET OVERVIEW 55
4.2 NORTH AMERICA: ORTHOPEDIC BRACES AND SUPPORTS MARKET, BY PRODUCT, 2023 VS. 2029 (USD MILLION) 56
4.3 ASIA PACIFIC: ORTHOPEDIC BRACES AND SUPPORTS MARKET, BY DISTRIBUTION CHANNEL & END USER, 2023 VS. 2029 57
4.4 EUROPE: ORTHOPEDIC BRACES AND SUPPORTS MARKET, BY TYPE, 2023 VS. 2029 (USD MILLION) 57
4.5 ORTHOPEDIC BRACES AND SUPPORTS MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES 58
5 MARKET OVERVIEW 59
5.1 INTRODUCTION 59
5.2 MARKET DYNAMICS 59
5.2.1 DRIVERS 60
- 5.2.1.1 Increasing prevalence of orthopedic diseases and disorders 60
- 5.2.1.2 Continuous product commercialization 61
- 5.2.1.3 Growing product affordability and availability 61
- 5.2.1.4 Rising number of sports and accident-related injuries 62
- 5.2.1.5 Growing public awareness about preventive care 63
5.2.2 RESTRAINTS 63
- 5.2.2.1 Limited patient qualification for bracing-mediated orthopedic treatment 63
- 5.2.2.2 Limited clinical evidence of therapeutic efficacy 63
5.2.3 OPPORTUNITIES 64
- 5.2.3.1 Increased sales of off-the-shelf and online products 64
- 5.2.3.2 Expansion and promotion initiatives by major manufacturers 64
5.2.4 CHALLENGES 65
- 5.2.4.1 Significant adoption of pain medication 65
- 5.2.4.2 Product comfort and compliance 65
5.3 PORTER’S FIVE FORCES ANALYSIS 66
5.3.1 THREAT OF NEW ENTRANTS 66
5.3.2 THREAT OF SUBSTITUTES 66
5.3.3 BARGAINING POWER OF SUPPLIERS 66
5.3.4 BARGAINING POWER OF BUYERS 67
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 67
5.4 ECOSYSTEM ANALYSIS 67
5.5 VALUE CHAIN ANALYSIS 68
5.5.1 RESEARCH & PRODUCT DEVELOPMENT 68
5.5.2 RAW MATERIAL PROCUREMENT AND MANUFACTURING 68
5.5.3 SHIPMENT, MARKETING & SALES, AND POST-SALES SERVICES 68
5.6 SUPPLY CHAIN ANALYSIS 69
5.6.1 PROMINENT COMPANIES 69
5.6.2 SMALL AND MEDIUM-SIZED ENTERPRISES 69
5.6.3 END USERS 69
5.7 REGULATORY LANDSCAPE 70
5.7.1 NORTH AMERICA 70
- 5.7.1.1 US 70
5.7.2 EUROPE 71
5.7.3 ASIA PACIFIC 72
- 5.7.3.1 Japan 72
- 5.7.3.2 China 73
- 5.7.3.3 India 74
5.7.4 LATIN AMERICA 74
- 5.7.4.1 Brazil 74
- 5.7.4.2 Mexico 75
5.7.5 REGULATORY TRENDS 76
5.7.6 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 77
5.8 REIMBURSEMENT SCENARIO ANALYSIS 79
5.9 INVESTMENT AND FUNDING SCENARIO 83
5.9.1 VENTURE CAPITAL FUNDING: ORTHOPEDIC BRACES AND SUPPORTS MARKET 83
5.10 PRICING ANALYSIS 84
5.11 TRADE ANALYSIS 85
5.12 TECHNOLOGY ANALYSIS 86
5.12.1 3D PRINTING 86
5.12.2 SMART MATERIALS 86
5.12.3 SENSOR INTEGRATION 86
5.12.4 ROBOTICS & EXOSKELETONS 86
5.12.5 ARTIFICIAL INTELLIGENCE 86
5.13 PATENT ANALYSIS 87
5.14 CASE STUDY ANALYSIS 90
5.15 KEY CONFERENCES & EVENTS, 2024-2026 92
5.16 TRENDS/DISRUPTION IMPACTING CUSTOMERS’ BUSINESSES 93
5.17 KEY STAKEHOLDERS & BUYING CRITERIA 93
5.17.1 KEY STAKEHOLDERS IN ORTHOPEDIC BRACES AND SUPPORTS MARKET 93
6 ORTHOPEDIC BRACES AND SUPPORTS MARKET, BY PRODUCT 95
6.1 INTRODUCTION 96
6.2 KNEE BRACES AND SUPPORTS 96
6.2.1 RISING GERIATRIC POPULATION AND INCREASING SPORTS INJURIES TO DRIVE MARKET 96
6.3 ANKLE BRACES AND SUPPORTS 99
6.3.1 RISING PREVALENCE OF ANKLE INJURIES AND ANKLE OSTEOARTHRITIS TO DRIVE MARKET 99
6.4 FOOT WALKERS & ORTHOSES 102
6.4.1 RISING PREVALENCE OF DIABETES TO SUPPORT DEMAND GROWTH 102
6.5 HIP, BACK, AND SPINE BRACES AND SUPPORTS 104
6.5.1 NECK AND CERVICAL SPINE BRACES AND SUPPORTS 107
- 6.5.1.1 Rising number of neck-related injuries to drive market 107
6.5.2 LOWER SPINE BRACES AND SUPPORTS 107
- 6.5.2.1 Increasing prevalence of lower spine disorders to support growth 107
6.6 SHOULDER BRACES AND SUPPORTS 108
6.6.1 GROWING DEMAND FOR SHOULDER REPLACEMENT PROCEDURES TO SUPPORT MARKET GROWTH 108
6.7 ELBOW BRACES AND SUPPORTS 111
6.7.1 INCREASING NUMBER OF SPORTS INJURIES TO DRIVE DEMAND FOR ELBOW BRACES AND SUPPORTS 111
6.8 HAND AND WRIST BRACES AND SUPPORTS 113
6.8.1 GROWING AVAILABILITY TO DRIVE MARKET 113
6.9 FACIAL BRACES AND SUPPORTS 116
6.9.1 DEMAND FOR FACIAL RECONSTRUCTION SURGERIES AND RISING CONGENITAL CRANIAL DEFORMITIES TO DRIVE MARKET 116
7 ORTHOPEDIC BRACES AND SUPPORTS MARKET, BY TYPE 119
7.1 INTRODUCTION 120
7.2 SOFT & ELASTIC BRACES AND SUPPORTS 120
7.2.1 ADVANTAGES OF SOFT & ELASTIC BRACES AND SUPPORTS, SUCH AS EASE OF USE AND FLEXIBILITY, TO DRIVE MARKET GROWTH 120
7.3 HARD BRACES AND SUPPORTS 121
7.3.1 SUPPORTIVE REIMBURSEMENT SCENARIO AND RISING PREVALENCE OF TARGET DISEASES TO DRIVE MARKET GROWTH 121
7.4 HINGED BRACES AND SUPPORTS 122
7.4.1 RISING GERIATRIC POPULATION AND INCREASING NUMBER OF LIGAMENT INJURIES TO DRIVE MARKET 122
8 ORTHOPEDIC BRACES AND SUPPORTS MARKET, BY APPLICATION 124
8.1 INTRODUCTION 125
8.2 LIGAMENT INJURY 125
8.2.1 ACL INJURY 126
- 8.2.1.1 Braces and supports to see high and growing demand in ACL injuries 126
8.2.2 LCL INJURY 127
- 8.2.2.1 Rising reimbursements of LCL-related surgical procedures to drive market 127
8.2.3 OTHER LIGAMENT INJURIES 128
8.3 PREVENTIVE CARE 129
8.3.1 INCREASING PUBLIC PARTICIPATION IN SPORTS-RELATED ACTIVITIES TO SUPPORT MARKET GROWTH 129
8.4 POST-OPERATIVE REHABILITATION 130
8.4.1 INCREASING ORTHOPEDIC RECONSTRUCTIVE SURGERIES TO SUPPORT MARKET GROWTH 130
8.5 OSTEOARTHRITIS 130
8.5.1 RISING OSTEOARTHRITIS CASES AND GROWING PUBLIC AWARENESS TO SUPPORT MARKET GROWTH 130
8.6 COMPRESSION THERAPY 131
8.6.1 TECHNOLOGICAL ADVANCEMENTS IN COMPRESSION BRACES TO DRIVE MARKET 131
8.7 OTHER APPLICATIONS 132
9 ORTHOPEDIC BRACES AND SUPPORTS MARKET, BY DISTRIBUTION CHANNEL 134
9.1 INTRODUCTION 135
9.2 HOSPITALS & SURGICAL CENTERS 135
9.2.1 INCREASING DEMAND FOR POST-OPERATIVE PATIENT REHABILITATION PROCEDURES TO DRIVE MARKET 135
9.3 ORTHOPEDIC CLINICS 136
9.3.1 RISING NUMBER OF AMBULATORY CARE UNITS IN MATURE MARKETS TO FAVOR GROWTH 136
9.4 PHARMACIES & RETAILERS 137
9.4.1 WIDE AVAILABILITY OF PRODUCTS THROUGH RETAILERS & PHARMACIES TO DRIVE MARKET 137
9.5 E-COMMERCE PLATFORMS 138
9.5.1 RISING INTEREST IN E-COMMERCE AND ITS CONVENIENCE TO SUPPORT GROWTH 138
9.6 DME DEALERS 139
9.6.1 AGING POPULATION AND INCREASING PREVALENCE OF CHRONIC HEALTH CONDITIONS TO DRIVE DEMAND 139
9.7 OTHER DISTRIBUTION CHANNELS & END USERS 140
10 ORTHOPEDIC BRACES AND SUPPORTS MARKET, BY REGION 141
10.1 INTRODUCTION 142
10.2 NORTH AMERICA 142
10.2.1 NORTH AMERICA: RECESSION IMPACT 142
10.2.2 US 146
- 10.2.2.1 Rising sports-related injuries and strong presence of key players to drive market 146
10.2.3 CANADA 148
- 10.2.3.1 Growing incidence of bone-related degenerative diseases to drive market 148
10.3 EUROPE 149
10.3.1 EUROPE: RECESSION IMPACT 149
10.3.2 GERMANY 153
- 10.3.2.1 Rising geriatric population to ensure continued demand for orthopedic braces and supports 153
10.3.3 FRANCE 155
- 10.3.3.1 Growing prevalence of musculoskeletal injuries to support market growth 155
10.3.4 UK 156
- 10.3.4.1 Rising sports injuries to drive UK market 156
10.3.5 ITALY 158
- 10.3.5.1 Increasing public awareness of preventive care for musculoskeletal injuries to drive market growth 158
10.3.6 SPAIN 159
- 10.3.6.1 Increasing product availability to support market growth 159
10.3.7 REST OF EUROPE 161
10.4 ASIA PACIFIC 162
10.4.1 ASIA PACIFIC: RECESSION IMPACT 162
10.4.2 CHINA 167
- 10.4.2.1 Expanding target patient population and modernization of healthcare facilities in China to drive market growth 167
10.4.3 JAPAN 168
- 10.4.3.1 High adoption of advanced technologies to support market growth 168
10.4.4 INDIA 170
- 10.4.4.1 Growing number of hip & knee surgeries to support market growth 170
10.4.5 AUSTRALIA 171
- 10.4.5.1 Increasing incidence of musculoskeletal disorders to drive market 171
10.4.6 SOUTH KOREA 173
- 10.4.6.1 Rising geriatric population and growing number of reconstructive surgeries to propel growth 173
10.4.7 REST OF ASIA PACIFIC 174
10.5 LATIN AMERICA 176
10.5.1 LATIN AMERICA: RECESSION IMPACT 176
10.5.2 BRAZIL 179
- 10.5.2.1 Growing middle class population and rising product accesibility to drive market 179
10.5.3 MEXICO 181
- 10.5.3.1 Increasing obese and diabetic populations in Mexico to drive market 181
10.5.4 REST OF LATIN AMERICA 182
10.6 MIDDLE EAST & AFRICA 184
10.6.1 MIDDLE EAST & AFRICA: RECESSION IMPACT 184
10.6.2 GCC COUNTRIES 187
- 10.6.2.1 Emphasis on infrastructural development and healthcare access to support market growth 187
10.6.3 REST OF MIDDLE EAST & AFRICA 189
11 COMPETITIVE LANDSCAPE 191
11.1 INTRODUCTION 191
11.2 RIGHT-TO-WIN APPROACHES ADOPTED BY KEY PLAYERS 191
11.2.1 OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN ORTHOPEDIC BRACES AND SUPPORTS MARKET 191
11.3 REVENUE SHARE ANALYSIS 191
11.4 MARKET SHARE ANALYSIS 192
11.5 COMPANY EVALUATION MATRIX: KEY PLAYERS 194
11.5.1 STARS 194
11.5.2 EMERGING LEADERS 194
11.5.3 PERVASIVE PLAYERS 194
11.5.4 PARTICIPANTS 194
11.5.5 COMPANY FOOTPRINT 195
11.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES 198
11.6.1 PROGRESSIVE COMPANIES 199
11.6.2 STARTING BLOCKS 199
11.6.3 RESPONSIVE COMPANIES 199
11.6.4 DYNAMIC COMPANIES 199
11.6.5 COMPETITIVE BENCHMARKING 200
11.7 COMPANY VALUATION AND FINANCIAL METRICS 203
11.8 PRODUCT/BRAND COMPARISON 204
11.9 COMPETITIVE SCENARIO 204
12 COMPANY PROFILES 206
12.1 KEY PLAYERS 206
12.1.1 3M COMPANY 206
12.1.2 ESSITY 214
12.1.3 ÖSSUR HF 227
12.1.4 THUASNE GROUP 235
12.1.5 ZIMMER BIOMET 244
12.1.6 BIRD & CRONIN, LLC. (DYNATRONICS CORPORATION) 248
12.1.7 DJO, LLC (ENOVIS) 256
12.1.8 OTTOBOCK (OTTOBOCK GROUP SCANDINAVIA) 271
12.1.9 BAUERFEIND 279
12.1.10 BREG, INC. (WATER STREET HEALTHCARE PARTNERS) 283
12.2 OTHER PLAYERS 294
12.2.1 DEROYAL INDUSTRIES, INC 294
12.2.2 ALCARE CO., LTD 295
12.2.3 NIPPON SIGMAX CO., LTD 295
12.2.4 MEDI GMBH & CO. KG 296
12.2.5 FOUNDATION WELLNESS (FORMERLY REMINGTON PRODUCTS COMPANY) 297
12.2.6 TRULIFE GROUP LTD 297
12.2.7 MCDAVID, INC. (SHOCK DOCTOR) 298
12.2.8 MUELLER SPORTS MEDICINE, INC 299
12.2.9 BECKER ORTHOPEDIC 299
12.2.10 ORLIMAN S.L.U (MAGNUM INDUSTRIAL PARTNERS) 300
12.2.11 FRANK STUBBS COMPANY INC 300
12.2.12 ASPEN MEDICAL PRODUCTS LLC 301
12.2.13 DARCO INTERNATIONAL, INC 302
12.2.14 UNITED MEDICARE 303
12.2.15 VISSCO REHABILITATION AIDS PVT. LTD 304
13 APPENDIX 305
13.1 DISCUSSION GUIDE 305
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 309
13.3 CUSTOMIZATION OPTIONS 311
13.4 RELATED REPORTS 311
13.5 AUTHOR DETAILS 312