Orthopaedic Braces & Supports Market

Market Overview

The global orthopaedic braces & supports market size was valued at USD 4.11 billion in 2021 and is projected to reach USD 7.23 billion by 2030 at a CAGR of 6.48% from 2022 to 2030.

In order to hold, align, correct, and support specific body parts as they heal following an injury, braces and supports are orthopaedic devices that are used externally. The knee, spine, foot, ankle, upper elbow, shoulder, hip, and other body parts receive intensely targeted support from their intelligently designed manufacturing process, which also incorporates specialist materials. Patients with musculoskeletal conditions can feel more mobile thanks to braces and supports, which also help protect joints following operations.

Market Dynamics

Drivers for the Global Orthopaedic Braces & Supports Market

• Financial Affordability And Easy Accessibility Drive The MARKET

Orthopaedic braces are becoming more popular among patients in both developed and developing countries since they are inexpensive and simple to obtain. Musculoskeletal injuries like sprains, ligament tears, and fractures are frequently brought on by sports and other physical activity. As a result, these conditions are more common as a result of the growing public involvement in such activities. For illnesses like rheumatoid arthritis, osteoporosis, gout, and fractures, orthopaedic braces and supports are rapidly being viewed as a clinically effective alternative to orthopaedic operations. The clinical management of orthopaedic injuries is a topic that many public-private sports groups and medical experts are working to raise public knowledge of through events like conferences, workshops, and symposiums.

• A Sedentary Lifestyle Is Driving The Market

Because obesity and lifestyle-related disorders are becoming more common, and because obese people are more likely to suffer from orthopaedic and musculoskeletal injuries as well as diabetes, it is anticipated that the incidence of orthopaedic diseases and disorders will rise further in the coming years. When compared to conventional solutions, orthopaedic braces and supports have a number of advantages over the latter, including improved patient comfort, higher efficacy, and better pricing. Due to these advantages, major firms are creating specialised products more frequently to meet unmet market demands as well as to cure a variety of orthopaedic illnesses.

Restraints for the Global Orthopaedic Braces & Supports Market

• Limited Patients Qualification And Clinical Evidence Restrict The Market

When treating orthopaedic disorders and diseases, bracing and support devices are frequently used, and doctors and orthopaedic surgeons view these devices as therapeutically necessary for a variety of problems. However, there are some circumstances where patients do not qualify for bracing goods (depending on the severity of the condition, its side effects, the patient's physiology, and age).

In established markets like the US, Germany, the UK, and Japan, leading end-user facilities (such as hospitals, surgery centres, and orthopaedic clinics) are rapidly adopting innovative orthopaedic braces. The lack of understanding and affordability, however, prevents end-user facilities in emerging and underdeveloped markets from embracing novel products. To support their therapeutic or diagnostic roles, these users also like to employ conventional, well-established items with validated clinical data.

Opportunities for the Global Orthopaedic Braces & Supports Market

• Customisation And Product Alteration Will Bring In New Opportunities

In order to customise or modify the product in accordance with patient features, certain orthopaedic braces can only be worn under the supervision of medical professionals or orthopaedic technicians. However, since their use doesn't necessitate supervision, several braces (including ankle, wrist/hand, shoulder, elbow, and facial braces) are increasingly being sold by shops and e-commerce websites. Patients frequently use these items to shield themselves from harm.

Major product manufacturers are launching strategic activities to raise their brand awareness and product awareness among important end users (such as medical professionals, patients, and physiotherapists) throughout key healthcare markets globally.

Segmental Analysis

This orthopaedic braces & supports market share can be segmented on the basis of products, end-users, regions and competitors. Due to an increase in accidents and orthopaedic conditions such as arthritis, the braces and supports type category, measured by products, had the biggest market share in 2021. The knee, ankle, back, upper extremity, and walking boot braces and supports are sub-segmented under the category of braces and supports. These items are in extremely high demand as a result of the increasing frequency of accidents and illnesses connected to the knee, ankle, and upper extremities.

Because of the rising incidence of illnesses connected to pain and the demand for the treatment of chronic back and joint pain, pain management products accounted for a sizeable portion of the market in 2021. Cold treatment and Deep Vein Thrombosis (DVT) products make up this market's two main subgroups.

Due to an increase in the target population's suffering from conditions associated with the knee joint, knee braces and supports held the greatest revenue share in 2021. With arthritis-affected knee joints, knee braces relieve pressure. Major users of these products include athletes, those who have had knee surgery, and people who have arthritis and other joint-related problems.

The orthopaedic braces and support systems market is segmented by end-use into orthopaedic hospitals, over-the-counter (OTC), DME Dealers, and other institutions. The greatest market share in 2021 belonged to orthopaedic clinics, which was around 28.0%. This is a result of the fact that individuals with musculoskeletal pain typically seek treatment at orthopaedic clinics. Because so many people sought care there, particularly in cases of serious injuries, hospitals enjoyed a substantial market share. Bone fractures, spinal injuries, and injuries sustained in auto accidents are just a few examples.

Due to the simple accessibility of these goods at retail pharmacies, the OTC orthopaedic braces market is anticipated to grow profitably during the forecast period. Acute muscle pain patients favour over-the-counter (OTC) medication. These items shorten the healing process and enable quick repair of muscles and joints that have been injured. Market growth is predicted to be fueled by initiatives by important companies. Companies joined forces in February 2021 with Club Warehouse in Australia to market their product lines throughout the nation.

Regional Analysis

In 2021, the market for orthopaedic braces and supports was dominated by North America. Due to the existence of significant players and hospitals with cutting-edge technology in the U.S. and Canada, it owned a sizable portion of the North American region. The second-largest market share was held by Europe as a result of an ageing population and the prevalence of chronic diseases that lead to an increase in surgical procedures.

Nearly 17.2 million procedures were carried out in Germany in 2019, according to the Federal Statistical Office. The most frequent procedures among these were those involving the intestine, the spine, endoscopy, and hip implants. This is thought to increase the region's share.

The quickest CAGR of more than 9% is predicted to occur in the Asia Pacific during the coming several years. This is due to investments made by the businesses to increase their regional presence and create infrastructure for the healthcare industry. For instance, in January 2021, Sushruta Surgicals Pvt. Ltd., the company's local authorised representative, helped the All India Institute of Medical Sciences (AIIMS) in Bhubaneswar, India, purchase Medtronic accessories and consumables for cautery machines with vessel sealing. The items were created with the intention of supplying the Institute's Surgical Oncology Department.

Recent Developments

• USA Lacrosse and DJO LLC (US) renewed their collaboration in July 2021. Since 2017, DJO has served as the official sports brace of USA Lacrosse and the US National Teams; the renewed agreement extends the relationship through 2024.
• The Rebound Post-Op Elbow Brace was introduced in July 2021 by Ossur HF (Iceland).
• Breg, Inc. (US) introduced 15 new Pinnacle and Ascend Portfolio items in February 2021, expanding its offering of spinal braces.
• The X-ROM Post-Op Knee Brace was introduced by DJO LLC (US) in June 2020.

Orthopaedic Braces & Supports Market Segmentation

By Product

• Braces & Supports Type
  • Knee Braces & Supports
    • Knee Braces for Osteoarthritis and Ligament Injuries
    • Post-operational Knee Braces
  • Back Braces & Supports
    • Upper Spine Orthoses
    • TLSOs
    • LSOs
    • Others
  • Ankle Braces & Supports
    • Soft Braces
    • Hinged Braces
  • Walker Boots
    • Pneumatic
    • Non-pneumatic
  • Upper Extremity Braces & Supports
    • Elbow Braces & Supports
    • Wrist Braces & Supports
    • Others
  • Others
• Pain Management Products
  • Cold Therapy Products
  • DVT Products

By End-User

• Orthopaedic Clinics
• Over the Counter (OTC)
• Hospitals
• DME DealersOthers

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East & Africa