
Orthopedic Braces and Supports Market Size, Share, and Analysis, By Product (Knee, Shoulder, Ankle, Hand, and Elbow) By Type (Soft, Hinged, and Hard) By Application (ACL, Osteoarthritis, Compression, and Rehabilitation), By Region (North America, Europe,
Description
Orthopedic Braces and Supports Market Size, Share, and Analysis, By Product (Knee, Shoulder, Ankle, Hand, and Elbow) By Type (Soft, Hinged, and Hard) By Application (ACL, Osteoarthritis, Compression, and Rehabilitation), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034
PRODUCT OVERVIEW
Orthopedic Braces and Supports Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 7.2% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 4.1 billion and is projected to reach USD 8.9 billion by the completion of 2034.
Orthopedic braces and supports are devices that help to align and support different elements of the musculoskeletal system. They are used to treat injuries and deformities such as fractures, sprains, arthritis, and post-operative rehabilitation. In addition, braces offer external support to joints and bones, thus helping in relieving pain and promoting healing. These materials are composed of materials such as metal, plastic, and fabric, which can be designed or purchased off the shelf. Furthermore, they play an important role in the rehabilitation and prevention of injuries by increasing mobility and functionality. Besides, orthopedic braces and supports are usually used in medical settings and daily activities to help recover patients and maintain their quality of life.
MARKET HIGHLIGHTS
Orthopedic braces and supports market is expected to reach USD 8.9 billion during the forecast period, as it contains a wide range of products that improve muscle function and recovery from injuries. This industry consists of devices such as knee braces, back supports, wrist braces, and ankle supports, each with a dedicated therapeutic function. In addition, innovations in materials and technology, like smart braces with sensors and 3D-printed personalized options, are boosting the efficacy of the products. Therefore, the orthopedic braces & supports market is driven by high awareness of musculoskeletal health, an increase in sports injuries, and a growing demand for medical treatments. As a result, the industry is growing, with a focus on improving the comfort and treatment outcomes for patients.
Orthopedic Braces and Supports Market Segments:
Growth Drivers
Rising Incidence of Musculoskeletal Disorders is Driving Growth in the Orthopedic Braces and Supports Market
Growing Awareness and Prevention Focus Act as a Catalyst for Market Growth
Restraint
High Cost of Advanced Products in the Market Will Impact the Growth
Key Players
PRODUCT OVERVIEW
Orthopedic Braces and Supports Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 7.2% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 4.1 billion and is projected to reach USD 8.9 billion by the completion of 2034.
Orthopedic braces and supports are devices that help to align and support different elements of the musculoskeletal system. They are used to treat injuries and deformities such as fractures, sprains, arthritis, and post-operative rehabilitation. In addition, braces offer external support to joints and bones, thus helping in relieving pain and promoting healing. These materials are composed of materials such as metal, plastic, and fabric, which can be designed or purchased off the shelf. Furthermore, they play an important role in the rehabilitation and prevention of injuries by increasing mobility and functionality. Besides, orthopedic braces and supports are usually used in medical settings and daily activities to help recover patients and maintain their quality of life.
MARKET HIGHLIGHTS
Orthopedic braces and supports market is expected to reach USD 8.9 billion during the forecast period, as it contains a wide range of products that improve muscle function and recovery from injuries. This industry consists of devices such as knee braces, back supports, wrist braces, and ankle supports, each with a dedicated therapeutic function. In addition, innovations in materials and technology, like smart braces with sensors and 3D-printed personalized options, are boosting the efficacy of the products. Therefore, the orthopedic braces & supports market is driven by high awareness of musculoskeletal health, an increase in sports injuries, and a growing demand for medical treatments. As a result, the industry is growing, with a focus on improving the comfort and treatment outcomes for patients.
Orthopedic Braces and Supports Market Segments:
- By Product
- Knee
- Shoulder
- Ankle
- Hand
- Elbow
- By Type
- Soft
- Hinged
- Hard
- By Application
- ACL
- Osteoarthritis
- Compression
- Rehabilitation
Growth Drivers
Rising Incidence of Musculoskeletal Disorders is Driving Growth in the Orthopedic Braces and Supports Market
Growing Awareness and Prevention Focus Act as a Catalyst for Market Growth
Restraint
High Cost of Advanced Products in the Market Will Impact the Growth
Key Players
- Breg, Inc.
- DonJoy (DJO Global, Inc.)
- Ottobock
- Zimmer Biomet
- DeRoyal Industries, Inc.
- 3M Healthcare
- Aircast (DJO Global, Inc.)
- Stryker Corporation
- Hanger, Inc.
- Orthofix International
- Medi GmbH
- Corflex
- Bauerfeind AG
- Becker Orthopedic
- Silipos, LLC
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
Table of Contents
616 Pages
- 1. Executive Summary
- 1.1. Regional Market Share
- 1.2. Business Trends
- 1.3. Orthopedic Braces and Supports Market: COVID-19 Outbreak
- 1.4. Regional Trends
- 1.5. Segmentation Snapshot
- 2. Research Methodology
- 2.1. Research Objective
- 2.2. Research Approach
- 2.3. Data Sourcing and Methodology
- 2.4. Primary Research
- 2.5. Secondary Research
- 2.5.1. Paid Sources
- 2.5.2. Public Sources
- 2.6. Market Size Estimation and Data Triangulation
- 3. Market Characteristics
- 3.1. Market Definition
- 3.2. Orthopedic Braces and Supports Market: COVID-19 Impact
- 3.3. Key Segmentations
- 3.4. Key Developments
- 3.5. Allied Industry Data
- 4. Orthopedic Braces and Supports Market – Industry Insights
- 4.1. Industry Segmentation
- 4.2. COVID-19 overview of world economy
- 4.3. Industry Ecosystem Channel Analysis
- 4.4. Innovation & Sustainability
- 5. Macroeconomic Indicators
- 6. Recent Developments
- 7. Market Dynamics
- 7.1. Introduction
- 7.2. Growth Drivers
- 7.3. Market Opportunities
- 7.4. Market Restraints
- 7.5. Market Trends
- 8. Risk Analysis
- 9. Market Analysis
- 9.1. Porter's Five Forces
- 9.2. PEST Analysis
- 9.2.1. Political
- 9.2.2. Economic
- 9.2.3. Social
- 9.2.4. Technological
- 10. Orthopedic Braces and Supports Market
- 10.1. Overview
- 10.2. Historical Analysis (2019-2022)
- 10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
- 11. Orthopedic Braces And Supports Market Size & Forecast 2024 A-2034 F
- 11.1. Overview
- 11.2. Key Findings
- 11.3. Market Segmentation
- 11.3.1. By Product
- 11.3.1.1. Knee
- 11.3.1.1.1. By Value (USD Million) 2024-2034 F
- 11.3.1.1.2. Market Share (%) 2024-2034 F
- 11.3.1.1.3. Y-o-Y Growth (%) 2024-2034 F
- 11.3.1.2. Shoulder
- 11.3.1.2.1. By Value (USD Million) 2024-2034 F
- 11.3.1.2.2. Market Share (%) 2024-2034 F
- 11.3.1.2.3. Y-o-Y Growth (%) 2024-2034 F
- 11.3.1.3. Ankle
- 11.3.1.3.1. By Value (USD Million) 2024-2034 F
- 11.3.1.3.2. Market Share (%) 2024-2034 F
- 11.3.1.3.3. Y-o-Y Growth (%) 2024-2034 F
- 11.3.1.4. Hand
- 11.3.1.4.1. By Value (USD Million) 2024-2034 F
- 11.3.1.4.2. Market Share (%) 2024-2034 F
- 11.3.1.4.3. Y-o-Y Growth (%) 2024-2034 F
- 11.3.1.5. Elbow
- 11.3.1.5.1. By Value (USD Million) 2024-2034 F
- 11.3.1.5.2. Market Share (%) 2024-2034 F
- 11.3.1.5.3. Y-o-Y Growth (%) 2024-2034 F
- 11.3.2. By Type
- 11.3.2.1. Soft
- 11.3.2.1.1. By Value (USD Million) 2024-2034 F
- 11.3.2.1.2. Market Share (%) 2024-2034 F
- 11.3.2.1.3. Y-o-Y Growth (%) 2024-2034 F
- 11.3.2.2. Hinged
- 11.3.2.2.1. By Value (USD Million) 2024-2034 F
- 11.3.2.2.2. Market Share (%) 2024-2034 F
- 11.3.2.2.3. Y-o-Y Growth (%) 2024-2034 F
- 11.3.2.3. Hard
- 11.3.2.3.1. By Value (USD Million) 2024-2034 F
- 11.3.2.3.2. Market Share (%) 2024-2034 F
- 11.3.2.3.3. Y-o-Y Growth (%) 2024-2034 F
- 11.3.3. By Application
- 11.3.3.1. ACL
- 11.3.3.1.1. By Value (USD Million) 2024-2034 F
- 11.3.3.1.2. Market Share (%) 2024-2034 F
- 11.3.3.1.3. Y-o-Y Growth (%) 2024-2034 F
- 11.3.3.2. Osteoarthritis
- 11.3.3.2.1. By Value (USD Million) 2024-2034 F
- 11.3.3.2.2. Market Share (%) 2024-2034 F
- 11.3.3.2.3. Y-o-Y Growth (%) 2024-2034 F
- 11.3.3.3. Compression
- 11.3.3.3.1. By Value (USD Million) 2024-2034 F
- 11.3.3.3.2. Market Share (%) 2024-2034 F
- 11.3.3.3.3. Y-o-Y Growth (%) 2024-2034 F
- 11.3.3.4. Rehabilitation
- 11.3.3.4.1. By Value (USD Million) 2024-2034 F
- 11.3.3.4.2. Market Share (%) 2024-2034 F
- 11.3.3.4.3. Y-o-Y Growth (%) 2024-2034 F
- 12. North America Orthopedic Braces and Supports Market Size & Forecast 2024 A-2034 F
- 12.1. Overview
- 12.2. Key Findings
- 12.3. Market Segmentation
- 12.3.1. By Product
- 12.3.2. By Type
- 12.3.3. By Application
- 12.4. Country
- 12.4.1. United States
- 12.4.2. Canada
- 13. Europe Orthopedic Braces and Supports Market Size & Forecast 2024 A-2034 F
- 13.1. Overview
- 13.2. Key Findings
- 13.3. Market Segmentation
- 13.3.1. By Product
- 13.3.2. By Type
- 13.3.3. By Application
- 13.4. Country
- 13.4.1. Germany
- 13.4.2. United Kingdom
- 13.4.3. France
- 13.4.4. Italy
- 13.4.5. Spain
- 13.4.6. Russia
- 13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
- 14. Asia-Pacific Orthopedic Braces and Supports Market Size & Forecast 2024 A-2034 F
- 14.1. Overview
- 14.2. Key Findings
- 14.3. Market Segmentation
- 14.3.1. By Product
- 14.3.2. By Type
- 14.3.3. By Application
- 14.4. Country
- 14.4.1. India
- 14.4.2. China
- 14.4.3. South Korea
- 14.4.4. Japan
- 14.4.5. Rest of APAC
- 15. Middle East and Africa Orthopedic Braces and Supports Market Size & Forecast 2024 A-2034 F
- 15.1. Overview
- 15.2. Key Findings
- 15.3. Market Segmentation
- 15.3.1. By Product
- 15.3.2. By Type
- 15.3.3. By Application
- 15.4. Country
- 15.4.1. Israel
- 15.4.2. GCC
- 15.4.3. North Africa
- 15.4.4. South Africa
- 15.4.5. Rest of Middle East and Africa
- 16. Latin America Orthopedic Braces and Supports Market Size & Forecast 2024 A-2034 F
- 16.1. Overview
- 16.2. Key Findings
- 16.3. Market Segmentation
- 16.3.1. By Product
- 16.3.2. By Type
- 16.3.3. By Application
- 16.4. Country
- 16.4.1. Mexico
- 16.4.2. Brazil
- 16.4.3. Rest of Latin America
- 17. Competitive Landscape
- 17.1. Company market share, 2023
- 17.2. Key player overview
- 17.3. Key stakeholders
- 18. Company Profiles
- 18.1. Breg, Inc.
- 18.1.1. Company Overview
- 18.1.2. Financial Overview
- 18.1.3. Key Product; Analysis
- 18.1.4. Company Assessment
- 18.1.4.1. Product Portfolio
- 18.1.4.2. Key Clients
- 18.1.4.3. Market Share
- 18.1.4.4. Recent News & Development (Last 3 Yrs.)
- 18.1.4.5. Executive Team
- 18.2. DonJoy (DJO Global, Inc.)
- 18.3. Ottobock
- 18.4. Zimmer Biomet
- 18.5. DeRoyal Industries, Inc.
- 18.6.3 M Healthcare
- 18.7. Aircast (DJO Global, Inc.)
- 18.8. Stryker Corporation
- 18.9. Hanger, Inc.
- 18.10. Orthofix International
- 18.11. Medi GmbH
- 18.12. Corflex
- 18.13. Bauerfeind AG
- 18.14. Becker Orthopedic
- 18.15. Silipos, LLC
- 18.16. Other Prominent Players
- 19. Appendix
- 20. Consultant Recommendation
Pricing
Currency Rates
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