Orthopedic Braces and Support Market

Orthopedic Braces and Support Market Outlook (2024 to 2034)

The global orthopedic braces and support market is assessed to surpass a valuation of USD 4.6 billion by 2024 and is projected to reach a value of USD 8.8 billion by 2034, reflecting a CAGR of 6.7% over the assessment period.

Attributes	Key Insights
Estimated Global Orthopedic Braces and Support Market Size (2024E)	USD 4.6 billion
Projected Orthopedic Braces and Support Industry Value (2034F)	USD 8.8 billion
Value-based CAGR (2024 to 2034)	6.7%

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.

Orthopedic Braces and Support Market Statistics by Country

Demand for orthopedic braces and support in the United Kingdom is expected to rise at a lower growth rate, affecting the regional market value. Nonetheless, countries like the United States, Japan, China, and South Korea are anticipated to showcase promising growth trajectories over the forecast period.

Countries	Forecast CAGR (2024 to 2034)
The United States	7.00%
The United Kingdom	5.30%
China	7.50%
Japan	8.10%
South Korea	8.50%

Market Outlook for Orthopedic Braces and Support in the United States

The sales of orthopedic braces and support in the United States are expected to cross USD 1.6 billion by 2034, expanding at a 7.00% CAGR.

• Easy market accessibility and financial affordability of consumers in the United States amplify the demand for orthopedic braces.
• Sports and associated physical activities often cause musculoskeletal injuries like ligament injuries, sprains, and fractures. As a result, rising public participation in such activities favors the market for orthopedic braces and support accessories or devices.
• Constant technological advances to enhance the wearability and comfort of orthopedic braces boost market sales by experimenting with different materials like breathable and lightweight fabrics.
• Key players in the country are employing advanced manufacturing techniques and new designs to develop customized and more effective orthopedic solutions adjusted to specified requirements for patients. This is likely to bolster market expansion in the long run.

Growth Prospects for Orthopedic Braces and Support in the United Kingdom

In the United Kingdom, the market is anticipated to garner a revenue of USD 280.7 million by 2034, expanding at a CAGR of 5.3% over the forecast period.

• The United Kingdom is witnessing an increasing demand for orthopedic braces and support systems to be used as an effective clinical alternative for orthopedic surgeries for issues like osteoporosis, rheumatoid arthritis, fractures, and gout.
• Demand for orthopedic braces and support has significantly increased because of the proactive efforts of medical professionals and public-private sports organizations. Through workshops, conferences, and symposiums, these entities are diligently raising awareness about the clinical management of orthopedic injuries.
• Rising healthcare spending and a well-established healthcare infrastructure in the United Kingdom catalyze market expansion.

China to Offer Lucrative Growth Opportunities for Industry Participants

The market size of orthopedic braces and support in China is anticipated to be worth more than USD 1.4 billion by 2034, accelerating at a CAGR of 7.5%.

• Rising incidences of orthopedic diseases and disorders and ceaseless product commercialization are predicted to propel market growth.
• Increasing public awareness of preventive care is anticipated to contribute to the growing product demand in China.
• Expanding healthcare budgets and the rising establishment of new healthcare facilities are likely to propel sales in the coming years.
• The increasing obese and geriatric population segment is a broad consumer of orthopedic braces and supports, thus boosting market expansion within the country.

Market Analysis of Orthopedic Braces and Support Market in Japan

The revenue generation of orthopedic braces and support in Japan is anticipated to surpass USD 908.3 million by 2034. Over the forecast period, the market is projected to surge at a CAGR of 8.1%.

• Increasing concentration of orthopedic braces and support market players in Japan.
• Japan’s aging population and their age-related ailments create demand for supportive aids like orthopedic braces.
• Older adults' adoption of an active lifestyle is causing them more sports-related injuries. Thus raising the demand for braces and supports to recover quickly and prevent injury.
• Growing awareness of preventative measures also boosts purchases of such braces for activities like hiking and running.

Emerging Growth Avenues for South Korea Orthopedic Braces and Support Market

The market value for orthopedic braces and supports in South Korea is projected to be USD 508.6 million by 2034. The market is projected to register a CAGR of 8.5% through 2034.

• Key players are developing innovative orthopedic braces and supports incorporating sensors, smart materials, and biofeedback mechanisms to give personalized support. Advancements in these endeavors are expected to favor market expansion.
• There is a surging demand for supportive products like wraps and braces as people in South Korea prioritize preventive healthcare.
• Increasing launches of diversified products with different features by leading manufacturers are likely to boost market growth in the coming years.

Category-wise Insights

Braces and Supports Type to Become a Popular Product Segment

Historical CAGR % (2019 to 2023)	8.0%
Forecast CAGR % (2024 to 2034)	6.5%

Based on type, the braces and supports segment is projected to thrive at a 6.5% CAGR through 2034.

• With advances in manufacturing processes such as 3D printing, it is becoming quicker and cheaper to produce personalized braces and supports fitted to specific needs. This customization increases the effectiveness and comfort of the gadgets, which drives sales.
• Obesity and sedentary lifestyles are leading to an increase in musculoskeletal problems, driving demand for orthopedic support systems.
• Increasing preference for conservative therapy options as opposed to surgery is uplifting the demand for non-surgical pain management solutions, such as braces.
• Braces can serve as a cost-effective alternative to medicine or surgery for some illnesses. As a result, it is a popular choice for budget-conscious patients and insurers.

Orthopedic Clinics to Become a Top Consumer of Orthopedic Braces and Support

Historical CAGR % (2019 to 2023)	7.8%
Forecast CAGR % (2024 to 2034)	6.2%

Based on end users, the orthopedic clinics segment is estimated to clock a CAGR of 6.2% through 2034.

• Individuals looking for specialist care find orthopedic clinics appealing since they have medical experts with expertise in diagnosing and treating musculoskeletal ailments. This contributes to their overall dominance in the market.
• Increasing preference for trusted and recommended orthopedic braces and support systems over self-guided choices boost the popularity of orthopedic clinics.
• Getting braces with expert on-site adjustments is highly regarded, reflecting the current trend of emphasizing a patient-centered healthcare strategy. Orthopedic clinics provide a competitive edge over bigger hospital settings in this aspect.

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

Key Coverage in the Orthopedic Braces and Support Market Report

• Adjacent market study on orthopedic appliances, musculoskeletal support devices, orthopedic rehabilitation equipment, orthopedic braces, and support, casting, and splints.
• Country-wise opportunity analysis of the Asia Pacific orthopedic braces and supports market.
• Market trends impacting OTC braces and support sales.
• Competitive analysis of top orthopedic braces and support companies.

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

Frequently Asked Questions

How big is the Orthopedic Braces and Support Market in 2024?

The market is estimated to account for USD 4.6 billion in 2024.

At What Rate is the Orthopedic Braces and Support Industry Anticipated to Grow?

The orthopedic braces and support industry is projected to register a CAGR of 6.7% from 2024 to 2034.

What is the Expected Value of the Orthopedic Braces and Support Industry by 2034?

By 2034, the orthopedic braces and support market size is forecasted to be worth USD 8.8 billion.

Which Country is Expected to Exhibit Significant Growth in the Orthopedic Braces and Support Industry?

South Korea is expected to observe significant market growth.

Which Product Segment is Projected to Acquire a Significant Share?

The braces and supports type segment is anticipated to witness enormous growth.

Who are the Leading Players in the Orthopedic Braces and Support Industry?

Key players in the orthopedic braces and support industry include DJO, LLC, Zimmer Biomet, and Medtronic.