Orthopedics Braces and Supports Market Share, Size, Trends, Industry Analysis Report, By Product (Pain Management Products, Braces & Supports Type); By End-Use; By Region; Segment Forecast, 2024- 2032

Orthopedics Braces and Supports Market Share, Size, Trends, Industry Analysis Report, By Product (Pain Management Products, Braces & Supports Type); By End-Use; By Region; Segment Forecast, 2024- 2032

The global Orthopedic Braces And Supports market size is expected to reach USD 8.25 billion by 2032, according to a new study by Polaris Market Research. The report “Orthopedics Braces and Supports Market Share, Size, Trends, Industry Analysis Report, By Product (Pain Management Products, Braces & Supports Type); By End-Use; By Region; Segment Forecast, 2024- 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Braces and supports denote orthopedic devices extensively employed to align, support, hold, and correct specific parts of the body. Crafted with specialized materials and intelligent designs, these devices offer focused and robust support to various body areas such as the ankle, knee, shoulder, spine, and upper elbow.

The escalating prevalence of musculoskeletal conditions stands out as a key catalyst for the orthopedic braces and supports market. With the global population aging and lifestyles becoming increasingly sedentary, the occurrence of orthopedic issues like osteoarthritis, fractures, and sports-related injuries is on the rise. This expanding patient demographic fuels the demand for orthopedic braces and supports, serving to manage pain, prevent injuries, and assist in rehabilitation.

The emerging opportunity lies in integrating orthopedic consultations and device recommendations into telehealth platforms. Telehealth enables patients to remotely access orthopedic expertise, undergo assessments, and receive prescriptions for orthopedic braces and supports. This has the potential to enhance access to care, especially in underserved areas, and broaden the market's reach.

A notable opportunity exists in delivering personalized orthopedic braces and supports. Progress in 3D printing and digital scanning technology has facilitated the development of custom-fit orthopedic devices, precisely tailored to an individual's anatomy and specific requirements. The customization enhances patient comfort and contributes to overall treatment outcomes, making it a substantial opportunity within the market.

The growth of the orthopedic braces and supports market was significantly affected by the impact of COVID-19. Government-imposed lockdown measures and restrictions aimed at curbing the spread of the coronavirus led to a reduction in sports-related injuries, as many sporting events were postponed. For instance, an article published in February 2022 noted a 34.6% decrease in sports-related emergency department visits in 2020. The same source indicated that the majority of these visits were from patients below 22 years of age (55.7%). However, data from the NSC Injury Facts, published in July 2021, revealed a 20% increase in the prevalence of sports and recreational injuries in 2021. Consequently, the anticipated rise in the number of sports-related injuries within the population is expected to drive market growth over the forecast period.

Orthopedic Braces and Supports Market Report Highlights

In 2023, the braces and supports category emerged as the predominant segment in the market, primarily propelled by the increasing incidence of arthritis. This category is further classified into ankle, knee, walking boots, and back, with a notable rise in demand for support products and braces due to the increased prevalence of knee, ankle, and upper extremity issues and injuries.

In forecast period, the orthopedic clinics segment dominated the orthopedic braces and supports market, attributed to the increasing presence of orthopedic surgeons. These clinics serve as vital primary healthcare providers for individuals experiencing musculoskeletal pain.

In 2023, the North American region asserted its dominance in the global market, holding the largest market share. This achievement is propelled by the increasing accessibility of favorable reimbursement and insurance policies, coupled with government regulations that facilitate the commercialization of orthopedic braces and supports.

The global key market players include Bauerfeind, BREG, Inc., DeRoyal Industries, Inc., DJO, LLC (Enovis), Frank Stubbs Company Inc., McDavid, ÖssurFillauer LLC, Ottobock, and Weber Orthopedic LP.

Polaris Market Research has segmented the Orthopedic Braces And Supports market report based on product, end-use, and region:

Orthopedic Braces and Supports, Product Outlook (Revenue - USD Billion, 2019 - 2032)

Pain Management Products

DVT Products

Cold Therapy Products

Braces & Supports Type

Upper Extremity Braces & Supports

Wrist Braces & Supports

Elbow Braces & Supports

Others

Knee Braces & Supports

Knee Braces & Supports

Knee Braces for Osteoarthritis & Ligament Injuries

Ankle Braces & Supports

Hinged Braces

Soft Braces

Back Braces & Supports

LSOs

Upper Spine Orthoses

TLSOs

Others

Walking Boots

Non-pneumatic

Pneumatic

Orthopedic Braces And Supports, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)

Orthopedic Care Centers

Non-prescription (OTC) Outlets

Medical Centers

Durable Medical Equipment (DME) Retailers

Others

Orthopedic Braces And Supports, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa