The global orthopedic braces and supports market size was estimated to be USD 4.56 billion in 2023 and is expected to reach USD 9.72 billion by 2034 with a CAGR of 7.12% during the forecast period 2024-2034. Rising incidence of orthopedic conditions, technological advancements, increasing awareness and accessibility, the prevalence of lifestyle-related disorders, preference for non-invasive treatment options, and growing public awareness of preventive care will drive market growth.
Worldwide, there has been an increase in the occurrence of orthopedic diseases such as fractures, osteoarthritis, and sports injuries. The need for orthopedic braces and support as part of therapy and rehabilitation is exacerbated by this rising prevalence. More inventive and useful orthopedic braces and supports have been created as a result of developments in manufacturing, materials, and design. The comfort, robustness, and general efficacy of these gadgets are all improved by these developments, which propels market expansion. For instance, DJO Global launched the Exoform Motion Knee System in September 2022. It is a next-generation knee brace with smart features for individualized therapy.
By type, the lower extremity braces and supports segment accounted for the highest revenue-grossing segment in the global orthopedic braces and supports market in 2023 owing to the rising prevalence of musculoskeletal disorders, increased adoption of sports and fitness activities leading to a surge in lower limb injuries, and continuous advancements in product design and materials, enhancing the effectiveness and patient compliance of lower extremity orthopedic devices. For instance, in November 2023, Breg, Inc. raised USD 125 million to extend its product line into wearables and smart braces, and to drive digital innovation. Additionally, the spinal braces and supports segment is predicted to grow at the fastest CAGR during the forecast period owing to the escalating incidence of spinal disorders and injuries, advancements in spinal orthopedic technologies, a growing aging population susceptible to degenerative spinal conditions, and increasing awareness among healthcare professionals and patients about the benefits of early intervention and conservative management for spinal issues.
By type, the hospital's segment accounted for the highest revenue-grossing segment in the global orthopedic braces and supports market in 2023 owing to the increasing number of orthopedic procedures performed in hospital settings, a higher prevalence of severe orthopedic conditions necessitating specialized care, and the availability of advanced diagnostic and treatment facilities within hospitals. For instance, in August 2022, Ossur hf and Google Cloud announced a strategic collaboration to provide AI-powered bracing and rehabilitation solutions. Additionally, the orthopedic center's segment is predicted to grow at the fastest CAGR during the forecast period owing to the rising trend of specialized orthopedic care centers, increased focus on outpatient services, advancements in orthopedic technologies allowing for more specialized treatments, and a growing emphasis on personalized and targeted orthopedic interventions that can be efficiently delivered in dedicated orthopedic care facilities.
North American region is anticipated to have the highest revenue share during the forecast period owing to the well-established healthcare infrastructure, a high prevalence of orthopedic conditions, particularly among the aging population, robust reimbursement policies, continuous technological advancements in orthopedic devices, and a proactive approach towards adopting innovative healthcare solutions. Additionally, the Asia Pacific region is predicted to grow at the fastest CAGR during the forecast period owing to the increasing awareness of orthopedic conditions, a rapidly expanding aging population, rising healthcare expenditure, growing accessibility to advanced medical treatments, and continuous economic development fostering the adoption of orthopedic braces and supports as part of comprehensive musculoskeletal care strategies in the region. For instance, Bauerfeind AG unveiled the GenuTrain S, a lightweight knee brace with built-in sensors for real-time biofeedback on joint mobility, in December 2023.
This comprehensive research report focuses on the global and regional market size and forecasts from 2023 to 2034.
Worldwide, there has been an increase in the occurrence of orthopedic diseases such as fractures, osteoarthritis, and sports injuries. The need for orthopedic braces and support as part of therapy and rehabilitation is exacerbated by this rising prevalence. More inventive and useful orthopedic braces and supports have been created as a result of developments in manufacturing, materials, and design. The comfort, robustness, and general efficacy of these gadgets are all improved by these developments, which propels market expansion. For instance, DJO Global launched the Exoform Motion Knee System in September 2022. It is a next-generation knee brace with smart features for individualized therapy.
By type, the lower extremity braces and supports segment accounted for the highest revenue-grossing segment in the global orthopedic braces and supports market in 2023 owing to the rising prevalence of musculoskeletal disorders, increased adoption of sports and fitness activities leading to a surge in lower limb injuries, and continuous advancements in product design and materials, enhancing the effectiveness and patient compliance of lower extremity orthopedic devices. For instance, in November 2023, Breg, Inc. raised USD 125 million to extend its product line into wearables and smart braces, and to drive digital innovation. Additionally, the spinal braces and supports segment is predicted to grow at the fastest CAGR during the forecast period owing to the escalating incidence of spinal disorders and injuries, advancements in spinal orthopedic technologies, a growing aging population susceptible to degenerative spinal conditions, and increasing awareness among healthcare professionals and patients about the benefits of early intervention and conservative management for spinal issues.
By type, the hospital's segment accounted for the highest revenue-grossing segment in the global orthopedic braces and supports market in 2023 owing to the increasing number of orthopedic procedures performed in hospital settings, a higher prevalence of severe orthopedic conditions necessitating specialized care, and the availability of advanced diagnostic and treatment facilities within hospitals. For instance, in August 2022, Ossur hf and Google Cloud announced a strategic collaboration to provide AI-powered bracing and rehabilitation solutions. Additionally, the orthopedic center's segment is predicted to grow at the fastest CAGR during the forecast period owing to the rising trend of specialized orthopedic care centers, increased focus on outpatient services, advancements in orthopedic technologies allowing for more specialized treatments, and a growing emphasis on personalized and targeted orthopedic interventions that can be efficiently delivered in dedicated orthopedic care facilities.
North American region is anticipated to have the highest revenue share during the forecast period owing to the well-established healthcare infrastructure, a high prevalence of orthopedic conditions, particularly among the aging population, robust reimbursement policies, continuous technological advancements in orthopedic devices, and a proactive approach towards adopting innovative healthcare solutions. Additionally, the Asia Pacific region is predicted to grow at the fastest CAGR during the forecast period owing to the increasing awareness of orthopedic conditions, a rapidly expanding aging population, rising healthcare expenditure, growing accessibility to advanced medical treatments, and continuous economic development fostering the adoption of orthopedic braces and supports as part of comprehensive musculoskeletal care strategies in the region. For instance, Bauerfeind AG unveiled the GenuTrain S, a lightweight knee brace with built-in sensors for real-time biofeedback on joint mobility, in December 2023.
This comprehensive research report focuses on the global and regional market size and forecasts from 2023 to 2034.
Report Scope:
- Base Year: 2023
- Forecast Period: 2024-2034
- Study Coverage
- Market Forecast by Product, and End-User
- Market Forecast for 5 Regions and 17+ Countries
- North America (U.S. and Canada)
- Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
- Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
- MEA (South Africa, GCC, Rest of MEA)
- Exhaustive Company Profiles of the Top 10+ Major Market Players
- 20% Free Customization Available to Meet Your Exact Requirement.
Segmentation: Orthopedic Braces and Supports Market Report 2023 - 2034
Orthopedic Braces and Supports Market Analysis & Forecast by Product 2023 - 2034 (Revenue USD Bn)
- Lower Extremity Braces and Supports
- Spinal Braces and Supports
- Upper Extremity Braces and Supports
Orthopedic Braces and Supports Market Analysis & Forecast by End-User 2023 - 2034 (Revenue USD Bn)
- Hospitals
- Orthopedic Centers
- Other End Users
Orthopedic Braces and Supports Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Orthopedic Braces and Supports Market: Product Estimates & Trend Analysis
8. Orthopedic Braces and Supports Market: End-User Estimates & Trend Analysis
9. Regional Market Analysis
10. North America Orthopedic Braces and Supports Market
11. Europe Global Orthopedic Braces and Supports Market
12. Asia Pacific Global Orthopedic Braces and Supports Market
13. Latin America Global Orthopedic Braces and Supports Market
14. MEA Global Orthopedic Braces and Supports Market
15. Competitor Analysis
16. Company Profiles
Companies Mentioned
- DJO Global
- Breg Inc.
- Ossur hf
- Bauerfeind AG
- Össur Americas
- Medtronic plc
- 3M Health Care
- DeRoyal Industries Inc.
- Zimmer Biomet Holdings Inc.
- Aspen Medical Products
- Bird & Cronin Inc.
- Trulife
- McDavid Inc.
- Mueller Sports Medicine Inc.
- BORT Medical GmbH.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2024 |
| Forecast Period | 2023 - 2034 |
| Estimated Market Value ( USD | $ 4.56 Billion |
| Forecasted Market Value ( USD | $ 9.72 Billion |
| Compound Annual Growth Rate | 7.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
