The global orthotic devices, orthotic splints, and orthopedic braces and support market is estimated to account for USD 8.5 billion in 2024. It is anticipated to grow at a CAGR of 4.2% during the assessment period and reach a value of USD 12.9 billion by 2034.
| Attributes | Description |
|---|---|
| Estimated Global Orthotic Devices, Orthotic Splints, and Orthopedic Braces and Support Market Size (2024E) | USD 8.5 billion |
| Projected Global Orthotic Devices, Orthotic Splints, and Orthopedic Braces and Support Market Value (2034F) | USD 12.9 billion |
| Value-based CAGR (2024 to 2034) | 4.2% |
Musculoskeletal disorders, in the past few decades, have been on an all-time-high. Consumers, especially those living in the countries with poor health infrastructure, have been finding it difficult to detect these disorders in their early stages. This has led to an increase in advanced cases requiring more intensive treatment.
Orthotic devices, in this case, have become essential for managing symptoms and improving mobility as they provide support and stability to affected areas. Many patients even rely on these devices for daily activities.
These devices and splints also help patients alleviate pain and prevent further injury. Increased awareness of musculoskeletal disorders, due to government campaigns and policies, has also driven the demand for these devices, especially in countries like India, Thailand, the United States, etc. As more people seek relief, the market for orthotic devices is very likely to witness expansion.
Increased sports participation has also led to more injuries. Sports like football, rugby, cricket, wrestling, running, etc., are common sources of musculoskeletal injuries. Athletes often face strains, sprains, and fractures. These injuries require immediate attention and proper management.
Orthotic devices play a crucial role in recovery. They provide support and stability during rehabilitation. Many athletes use braces and splints to prevent injuries. As participation increases, so does the need for effective support solutions.
Post-pandemic, there is also an observed shift in the way people look after themselves. A lot of attention is being given to preventive care. Patients are increasingly aware of injury prevention. Orthotic devices play a key role in this approach as they help maintain proper body alignment and function.
This has increased their significance in the general populace. Apart from this, expanding healthcare infrastructure has also given access to orthopedic care in various regions. Patients can now consult specialists remotely for advice. This increases the likelihood of receiving orthotic devices.
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The table exhibits the estimated CAGR for the global orthotic devices, orthotic splints, and orthopedic braces and support market over semi-annual periods between 2023 and 2024. The analysis provides organizations with a better understanding of the growth over the year by divulging crucial shifts in performance and growth patterns. The first half (H1) of 2023 spans from January to June. The second half (H2) includes July to December.
Figures presented in the below table exhibit the growth rate for each half from 2023 to 2024. The market is anticipated to grow at a CAGR of 5.4% in the first half (H1) of 2023. The second half of the same year is estimated to witness a slight decrease in the CAGR at 4.9%.
| Particular | Value CAGR |
|---|---|
| H1 | 5.4% (2023 to 2033) |
| H2 | 4.9% (2023 to 2033) |
| H1 | 4.2% (2024 to 2034) |
| H2 | 3.9% (2024 to 2034) |
Moving in the following period, from H1 2024 to H2 2034, the CAGR is projected to dip to 4.2% in the first half (H1) and then fall to 3.9% in the second half (H2).
Reshaping Healthcare with 3D Printing in Personalized Orthotic Devices and Patient Recovery
Scientific breakthroughs in the Medicare sector have affected the market positively. The industry-academia collaboration has paved the way for a multitude of new technologies to enter the market. 3D printing, for instance, has transformed the production of orthotic devices significantly. It also allows for the creation of customized devices tailored to individual patient needs. This technology enables rapid prototyping, which reduces the time from design to delivery.
For instance, in October, 2024, Imaginarium announced the successful use of its customized 3D printed orthotic device in aiding the recovery of 15-year-old Anamta Ahmad, the youngest recipient of a shoulder-level hand transplant. This innovative device enhances post-surgery care, offering precise customization and comfort, significantly improving the recovery process.
Beyond the Basics: Next-Gen Orthotics to Redefine Comfort and Durability with Cutting-edge Materials
Well-established players in the market are investing significant funds in the development of orthotic devices and splints made from new materials. These new materials, such as carbon fiber and thermoplastics, are lighter, stronger, and more flexible than the conventional ones.
They also provide more comfort and are comparatively more durable. Patients are also preferring them over the older ones as they are less bulky and easier to wear. Their demand in the healthcare sector is also witnessing an upsurge as they provide better shock absorption, reducing impact during activities.
Factors Impeding Market Growth
Principal Consultant
The global orthotic devices, orthotic splints, and orthopedic braces and support industry was valued at USD 6.7 billion in 2019. It grew at a CAGR of 3.8% during the historical period to reach a size of USD 8.2 billion in 2023.
The recent pandemic had a crucial role in the performance of various industries associated with healthcare. The same was observed in the case of this market. During the first quarter of 2020, numerous elective procedures were postponed or canceled. This significantly reduced demand for orthotic devices.
Healthcare facilities, all over the world, focused on mitigating the spread of the virus. Patients, too, prioritized urgent medical needs over orthotic care. Supply chain disruptions due to several governments closing their international borders for trade, also affected the market negatively.
By 2021, the market began to recover as healthcare systems adapted to new safety protocols. Elective procedures gradually resumed, increasing demand for orthotics. It was also during this period when telehealth services emerged as a valuable alternative.
The third phase brought with itself increased awareness of musculoskeletal health. Patients sought preventive care and rehabilitation solutions. Innovations in telehealth also continued to support patient access. The demand for customized orthotic devices surged. Responding to this, manufacturers, too, ramped up production to meet this need.
The pandemic highlighted the importance of orthotic solutions for many. This growth trend is expected to continue in the future.
Tier-one companies in the market are the ones that have a well-established consumer base across the world. These companies also invest hefty part of their financial resources in research and development. It is because of this, they are able to bring new materials and technology to the market. This has helped them maintain a competitive edge as well as set industry standards.
Companies in the second tier, though, are the ones that usually have a consumer base confined to a specific country or a region. These entities lack the financial resources but do bring effective and affordable products to the market. They also sometimes tie-up with government bodies to provide orthotic devices and splints at affordable rates. Their marketing campaigns also are very limited due to their smaller budgets.
Third-tier companies are local manufacturers of orthotic devices and splints. These companies take their ideas from visiting international exhibitions. They also have to depend upon third-party platforms for delivery of their products. However, consumers in the underdeveloped parts of the world are often seen choosing them because of their affordability and fast-paced service.
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The below section provides companies with an overview of the industry. It comprises a detailed analysis of the emerging trends and opportunities on a country-by-country basis. This country-specific examination of the industry dynamics is estimated to help businesses understand the industry's complex nature.
India is estimated to dominate the country-wise growth in the industry during the forecast period with a predicted CAGR of 4.8%. China, Japan, and Germany are projected to follow behind India to become the key countries in the industry with anticipated CAGRs of 4.2%, 1.7%, and 2.1% respectively.
| Countries | CAGR 2024 to 2034 |
|---|---|
| India | 4.8% |
| China | 4.2% |
| Japan | 1.7% |
| Germany | 1.3% |
| The United States | 1.3% |
India is poised to emerge as the leading country in the orthotic devices, orthotic splints, and orthopedic braces and support market over the assessment period with a CAGR of 4.8%
Post-pandemic, the Indian government has invested billions of dollars into improving the healthcare infrastructure in the country. This has brought new technologies and machinery from the abroad to the existing structure. The result of which, healthcare facilities, both public and private, are now equipped with state-of-the-art orthotic devices.
For instance, in October, 2024, Imaginarium announced the successful use of its customized 3D printed orthotic device in aiding the recovery of 15-year-old Anamta Ahmad, the youngest recipient of a shoulder-level hand transplant. This innovative device enhances post-surgery care, offering precise customization and comfort, significantly improving the recovery process.
The orthotic devices, orthotic splints, and orthopedic braces and support market in China is estimated to grow at a CAGR of 4.2% from 2024 to 2034.
China is home to one of the largest geriatric populations in the world. This demographic creates an excellent demand for orthotic implants as they are highly susceptible to musculoskeletal disorders. Healthcare facilities in China have to, thus, adapt to this growing need for orthopedic care.
The government is implementing policies to support geriatric care. This includes funding for orthotic devices and rehabilitation services. Collaborations between manufacturers and healthcare providers are strengthening. Such partnerships have enhanced the quality and accessibility of products in the country.
The United States orthotic devices, orthotic splints, and orthopedic braces and support market is anticipated to grow at a CAGR of 1.3% during the forecast period.
The United States is blessed with a well-established healthcare system. This is due to the presence of numerous industry giants in the country. These companies, to take advantage of each other’s expertise, often partner with each other. Such partnerships help leads to advanced technologies and materials while enhancing product quality and effectiveness.
For instance, in January 2024, OrthoPediatrics Corp. announced its acquisition of Boston Orthotics & Prosthetics. The deal aimed to enhance pediatric orthotic management and expand the Specialty Bracing Division.
The section offers companies with insightful data and analysis of the two leading segments. Segmentation of these categories is predicted to help organizations understand the dynamics of the industry and invest in beneficial zones.
In terms of products, the market is segmented into knee, ankle, hip, spine, shoulder, neck, elbow, hand, and wrist. Among these, the knee segment holds a majority share of 15.5%, as of 2024.
| Segment | Knee (Product) |
|---|---|
| Value Share (2024) | 15.5% |
Knee injuries are one of the most common injuries in the world. They happen primarily due to accidents, sports activities, and age-related wear and tear. Obesity also increases stress on knee joints, leading to injuries. It is because of this reason, the demand for orthotic devices and implants for knees is very likely to see a surge in the coming years.
Moreover, technological advancements in the market have enhanced product effectiveness and comfort. Brands have now introduced more customized solutions tailored to individual needs. These new implants are lightweight as well as more durable, which have made orthotic knee devices more appealing to consumers.
In terms of applications, ligament support for ACL and LCL injuries, preventive measures, and osteoarthritis (OA) management. Among these, the ligament one holds a majority share of 43.6%, as of 2024.
| Segment | Ligament (Application) |
|---|---|
| Value Share (2024) | 43.6% |
The increasing incidence of ligament injuries, particularly in sports like football, cricket, and running is driving a significant demand for orthotic implants. Thanks to medicare advancements, customization options are now also being easily accessible. These options provide tailored support for individual needs.
With the awareness of non-surgical treatment options rising in the general populace, patients are more likely to seek these devices.
Orthotic devices and implants are not a thing of future these days. The advent of more lightweight, flexible, and durable devices have accelerated the adoption among the general populace. Companies are also taking steps to make their products more affordable.
Telemedicine platforms and home care services are often seen collaborating with these companies for their needs. These companies also cater to government hospitals and other healthcare facilities. The competition is very fierce, as new innovations come to the fore every now and then.
Some of the prominent companies in the market are DeRoyal Industries, Otto Bock Holding GmbH& Co., Bauerfeind AG, DJO Inc., and others.
Industry Updates
By product, the market is categorized into casting supplies and equipment, splinting supplies and equipment, and orthopedic braces and supports. The orthopedic braces and supports segment is further divided into upper extremity and lower extremity.
The distribution channels include orthopedic clinics, retail pharmacies, drug stores, and e-commerce platforms.
The market is analyzed across key regions, including North America, Latin America, East Asia, South Asia and Pacific, Western Europe, Eastern Europe, and the Middle East and Africa.
The market is estimated to reach USD 8.5 billion in 2024.
The market is predicted to reach a size of USD 12.9 billion by 2034.
DeRoyal Industries, Otto Bock Holding GmbH& Co., Bauerfeind AG, DJO Inc., and others.
It is predicted to witness a CAGR of 4.2% during the forecast period.
India is projected to dominate with a CAGR of 4.8% during the assessment period.
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Orthotic Devices, Orthotic Splints, and Orthopedic Braces and Support Market
