According to the latest report by IMARC Group, titled “Orthopedic Braces and Supports Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on orthopedic braces and supports market outlook. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global orthopedic braces and supports market size reached US$ 4.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.
Orthopedic braces and supports are medical devices that support, stabilize, and immobilize bones, joints, and muscles. They are used to treat a range of conditions, including fractures, sprains, and arthritis, as well as to prevent injury during physical activity. For example, knee braces, ankle braces, back braces, and wrist supports. They are typically made of a combination of materials, including neoprene, nylon, polyester, aluminum or plastic stays, foam padding, velcro straps, and elastic. They offer several benefits, including helping to reduce pain and swelling in the affected area, providing support to injured bones, joints, and muscles, helping to prevent further injury and promote healing, assisting in immobilizing an injured area, protecting an injured area from further damage during physical activity, and improve mobility by providing support and reducing pain, allowing for a faster and more successful recovery.
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Market Trends:
The global market is majorly driven by the increasing prevalence of age-related conditions, such as arthritis and osteoporosis. In line with this, the rising geriatric population and the growing incidence of sports-related injuries are significantly contributing to the market growth. Furthermore, rapid advancements in materials and manufacturing processes have led to the development of lighter and more comfortable orthopedic braces and supports, which is expected to positively influence the market expansion. Apart from this, the escalating awareness regarding the benefits of orthopedic braces and supports is stimulating its demand worldwide. Moreover, the obesity epidemic has increased weight-related conditions, such as back pain, which can be managed with orthopedic braces and supports. This, in turn, is expected to catalyze product adoption. Besides, the significant growth in the medical tourism industry is propelling market growth. Additionally, the rising prevalence of chronic and acute conditions and the growing number of elective orthopedic surgeries are providing a boost to the market.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Breg, Inc.
- Össur Hf
- Bauerfeind AG
- DJO Finance LLC
- 3M Company
- Alcare Co., Ltd
- Otto Bock Healthcare
- Deroyal Industries, Inc.
- BSN Medical
- Medi GmbH & Co. KG
- Thuasne Group
- Zimmer Biomet Holdings, Inc.
- Trulife
- Remington Products Company
- Bird & Cronin
Orthopedic Braces and Supports Market Segmentation:
Our report has categorized the market based on region, product, type, application and end-user.
Breakup by Product:
- Lower Extremity Braces and Supports
- Spinal Braces and Supports
- Upper Extremity Braces and Supports
Breakup by Type:
- Soft and Elastic Braces and Supports
- Hinged Braces and Supports
- Hard and Rigid Braces and Supports
Breakup by Application:
- Ligament Injury
- Preventive Care
- Post-Operative Rehabilitation
- Osteoarthritis
- Others
Breakup by End-User:
- Orthopedic Clinics
- Hospitals and Surgical Centers
- Over-the-Counter (OTC) Platforms
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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