Orthopedic Braces & Supports Market by Product (Ankle Braces & Supports, Elbow Braces & Supports, Facial Braces & Supports), Type (Hard Braces & Supports, Hinged Braces & Supports, Soft & Elastic Braces & Supports), Material, Application, End-User - Global Forecast 2024-2030
The Orthopedic Braces & Supports Market size was estimated at USD 5.25 billion in 2023 and expected to reach USD 5.52 billion in 2024, at a CAGR 5.39% to reach USD 7.58 billion by 2030.
Orthopedic braces and supports are medical devices designed to address musculoskeletal issues. They offer support, stabilize, protect, and correct injuries or abnormalities on various body parts, including the knees, back, neck, elbows, wrists, and ankles. The rising prevalence of orthopedic diseases and disorders, the growing participation in sports and physical activities leading to sports injuries, and the growing global elderly population susceptible to osteoarthritis and similar conditions propel the growth of the orthopedic braces and supports market. Technological advancements in materials and design, such as lighter, more durable braces and emphasizing prevention and rehabilitation in sports medicine, offer significant opportunities for market expansion. However, the market faces challenges, including competitive pricing pressure from low-cost manufacturers and a lack of awareness and adoption in emerging economies. The complexity of reimbursement scenarios and stringent regulatory requirements for approving orthopedic devices also pose challenges. Nevertheless, the increasing demand for innovative and less intrusive support solutions and rising healthcare expenditure worldwide presents a promising landscape for the future growth of the orthopedic braces and support market.
Please Note: PDF & Excel + Online Access - 1 Year
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Rising prevalence of orthopedic disorders
- 5.1.1.2. Increasing participation in sports and physical activities
- 5.1.1.3. Growing global elderly population susceptible to osteoarthritis
- 5.1.2. Restraints
- 5.1.2.1. High cost and product recall cases of orthopedic braces & supports
- 5.1.3. Opportunities
- 5.1.3.1. Technological advancements in materials and design of orthopedic braces & supports
- 5.1.3.2. Integration of telehealth with increased sales of off-the-shelf and online products
- 5.1.4. Challenges
- 5.1.4.1. Stringent regulatory requirements for the approval of orthopedic devices with reimbursement scenario complexities
- 5.2. Market Segmentation Analysis
- 5.2.1. Product: Burgeoning usage of hand & wrist braces & supports for individuals experiencing carpal tunnel syndrome, arthritis, or injuries
- 5.2.2. End-User: Increasing use of orthopedic braces & supports by orthopedic clinics
- 5.3. Market Disruption Analysis
- 5.4. Porter’s Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
- 5.5. Value Chain & Critical Path Analysis
- 5.6. Pricing Analysis
- 5.7. Technology Analysis
- 5.8. Patent Analysis
- 5.9. Trade Analysis
- 5.10. Regulatory Framework Analysis
- 6. Orthopedic Braces & Supports Market, by Product
- 6.1. Introduction
- 6.2. Ankle Braces & Supports
- 6.3. Elbow Braces & Supports
- 6.4. Facial Braces & Supports
- 6.5. Foot Walkers & Orthoses
- 6.6. Hand & Wrist Braces & Supports
- 6.7. Hip, Back & Spine Braces & Supports
- 6.8. Knee Braces & Supports
- 6.9. Shoulder Braces & Supports
- 7. Orthopedic Braces & Supports Market, by Type
- 7.1. Introduction
- 7.2. Hard Braces & Supports
- 7.3. Hinged Braces & Supports
- 7.4. Soft & Elastic Braces & Supports
- 8. Orthopedic Braces & Supports Market, by Material
- 8.1. Introduction
- 8.2. Fabric
- 8.3. Metal
- 8.4. Neoprene
- 8.5. Plastic
- 8.6. Silicone
- 9. Orthopedic Braces & Supports Market, by Application
- 9.1. Introduction
- 9.2. Compression Therapy
- 9.3. Ligament Injury
- 9.4. Osteoarthritis
- 9.5. Post-Operative Rehabilitation
- 9.6. Preventive Care
- 10. Orthopedic Braces & Supports Market, by End-User
- 10.1. Introduction
- 10.2. Hospitals & Surgical Centres
- 10.3. Orthopedic Clinics
- 11. Americas Orthopedic Braces & Supports Market
- 11.1. Introduction
- 11.2. Argentina
- 11.3. Brazil
- 11.4. Canada
- 11.5. Mexico
- 11.6. United States
- 12. Asia-Pacific Orthopedic Braces & Supports Market
- 12.1. Introduction
- 12.2. Australia
- 12.3. China
- 12.4. India
- 12.5. Indonesia
- 12.6. Japan
- 12.7. Malaysia
- 12.8. Philippines
- 12.9. Singapore
- 12.10. South Korea
- 12.11. Taiwan
- 12.12. Thailand
- 12.13. Vietnam
- 13. Europe, Middle East & Africa Orthopedic Braces & Supports Market
- 13.1. Introduction
- 13.2. Denmark
- 13.3. Egypt
- 13.4. Finland
- 13.5. France
- 13.6. Germany
- 13.7. Israel
- 13.8. Italy
- 13.9. Netherlands
- 13.10. Nigeria
- 13.11. Norway
- 13.12. Poland
- 13.13. Qatar
- 13.14. Russia
- 13.15. Saudi Arabia
- 13.16. South Africa
- 13.17. Spain
- 13.18. Sweden
- 13.19. Switzerland
- 13.20. Turkey
- 13.21. United Arab Emirates
- 13.22. United Kingdom
- 14. Competitive Landscape
- 14.1. Market Share Analysis, 2023
- 14.2. FPNV Positioning Matrix, 2023
- 14.3. Competitive Scenario Analysis
- 14.3.1. Enovis Introduces the DonJoy ROAM OA Knee Brace
- 14.3.2. OrthoPediatrics Corp. Announces Launch of Specialty Bracing Division
- 14.3.3. Breg Partners with Correal International to Provide Orthopedic Products to Physicians & Patients in China
- 14.4. Strategy Analysis & Recommendation
- 15. Competitive Portfolio
- 15.1. Key Company Profiles
- 15.2. Key Product Portfolio
- FIGURE 1. ORTHOPEDIC BRACES & SUPPORTS MARKET RESEARCH PROCESS
- FIGURE 2. ORTHOPEDIC BRACES & SUPPORTS MARKET SIZE, 2023 VS 2030
- FIGURE 3. GLOBAL ORTHOPEDIC BRACES & SUPPORTS MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. GLOBAL ORTHOPEDIC BRACES & SUPPORTS MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. GLOBAL ORTHOPEDIC BRACES & SUPPORTS MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. ORTHOPEDIC BRACES & SUPPORTS MARKET DYNAMICS
- FIGURE 7. GLOBAL ORTHOPEDIC BRACES & SUPPORTS MARKET SIZE, BY PRODUCT, 2023 VS 2030 (%)
- FIGURE 8. GLOBAL ORTHOPEDIC BRACES & SUPPORTS MARKET SIZE, BY PRODUCT, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. GLOBAL ORTHOPEDIC BRACES & SUPPORTS MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
- FIGURE 10. GLOBAL ORTHOPEDIC BRACES & SUPPORTS MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. GLOBAL ORTHOPEDIC BRACES & SUPPORTS MARKET SIZE, BY MATERIAL, 2023 VS 2030 (%)
- FIGURE 12. GLOBAL ORTHOPEDIC BRACES & SUPPORTS MARKET SIZE, BY MATERIAL, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. GLOBAL ORTHOPEDIC BRACES & SUPPORTS MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
- FIGURE 14. GLOBAL ORTHOPEDIC BRACES & SUPPORTS MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. GLOBAL ORTHOPEDIC BRACES & SUPPORTS MARKET SIZE, BY END-USER, 2023 VS 2030 (%)
- FIGURE 16. GLOBAL ORTHOPEDIC BRACES & SUPPORTS MARKET SIZE, BY END-USER, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. AMERICAS ORTHOPEDIC BRACES & SUPPORTS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 18. AMERICAS ORTHOPEDIC BRACES & SUPPORTS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. UNITED STATES ORTHOPEDIC BRACES & SUPPORTS MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 20. UNITED STATES ORTHOPEDIC BRACES & SUPPORTS MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 21. ASIA-PACIFIC ORTHOPEDIC BRACES & SUPPORTS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 22. ASIA-PACIFIC ORTHOPEDIC BRACES & SUPPORTS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 23. EUROPE, MIDDLE EAST & AFRICA ORTHOPEDIC BRACES & SUPPORTS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 24. EUROPE, MIDDLE EAST & AFRICA ORTHOPEDIC BRACES & SUPPORTS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 25. ORTHOPEDIC BRACES & SUPPORTS MARKET SHARE, BY KEY PLAYER, 2023
- FIGURE 26. ORTHOPEDIC BRACES & SUPPORTS MARKET, FPNV POSITIONING MATRIX, 2023
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