Orthopedic Braces And Support Systems Market Report

Orthopedic Braces And Support Systems Market Analysis By Product (Knee Braces & Supports, Foot and Ankle Braces & Supports, Spinal Orthoses, Upper Extremity Braces & Supports), By End-use, And Segment Forecasts, 2014 - 2025

Published: March 2017  |  90 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-429-1

Industry Insights

The global orthopedic braces and support systems market size was valued at USD 3.1 billion in 2015 and is expected to witness an attractive growth over the forecast period. Rising incidence of osteoarthritis is considered as one of the key drivers for the market. It is the most common form of arthritis affecting population of all ages. CDC estimated that nearly 78 million U.S. adults with 18 years or above age are anticipated to be diagnosed with arthritis in the near future. Thus, people with arthritis are the primary target population for orthopedic braces. Rheumatoid arthritis is also another form, which affects the joints of the body, thereby leading to muscle pain.

Geriatric population is considered as one of the highest contributors to demand for orthopedic braces and supports. This population is highly susceptible to musculoskeletal disorders. Bones and connecting tissues, such as ligaments and cartilages, naturally weaken with growing age. This poses high risk for muscle injury mainly in knees and shoulders of the elderly. This further stiffens the joints, which raises the need for braces and supports to improve mobility. Hence, rising geriatric population is expected to enhance the growth of the market.

U.S. orthopedic braces & support systems market, by product, 2014 - 2025 (USD Million)

U.S. orthopedic braces & support systems market

Sports-related injuries are rising with growing number of sports activities. Athletes are focused on fitness-related activities such as running, cycling, and others. While gaining health benefits through such activities, they are likely to sustain injuries, which can lead to ligament injury. Indoor athletes are at high risk for ankle ligament tear. Hence, they are expected to generate substantial demand for ankle braces. In addition, ankle braces are recommended by the orthopedicians post an acute ankle sprain.

Athletes also use orthopedic braces to protect themselves from further injury during sports activities. It helps them restrict unwanted movement during matches, thereby, facilitating a convenient play.

Product Insights

Knee supports and braces were the largest revenue generator in 2015, owing to huge target population affected by knee joint related injuries. Knee braces help in pressure relief from knee joints that are affected by arthritis.

Foot & ankle braces and supports are anticipated to show attractive growth over the forecast period. This is due to the rising number of foot and ankle injuries occurring among the young athletes during sports activities. Upper extremity braces and supports are also expected to grow significantly in the near future.

End-use Insights

On the basis of end use, the market is classified into orthopedic clinics, hospitals, Over-the-Counter (OTC), and other facilities. In 2015, orthopedic clinics held the largest market share owing to the low preference of visiting hospitals by patients for acute musculoskeletal problems.

OTC related orthopedic support systems are projected to exhibit lucrative growth over the forecast period due to easy availability of these products in retail pharmacies. Patients with acute muscle pain prefer availing products OTC. OTC products reduce the time and facilitate rapid treatment for damaged parts of muscles and joints.

U.S. orthopedic braces & support systems market share, by end use, 2015 (%)

U.S. orthopedic braces & support systems market

Regional Insights

In 2015, North America dominated the market owing to rising awareness levels related to support systems that aid mobility and prevent further injury. Moreover, the U.S. population is at high risk of osteoporosis arising due to their vast population of obese and geriatric people.

Asia Pacific is expected to show lucrative CAGR over the forecast period. This is due to the fact that China has a huge base of geriatric population that accentuates demand for support systems, thereby, leading to high growth of the market.

Competitive Insights

Some of the key companies of the market include Breg, Inc.; DeRoyal Industries, Inc.; DJO Global, Inc.; Bauerfeind AG; Alcare Company Ltd.; Otto Bock Healthcare GmbH; Össur Corporate; FLA Orthopedics, Inc.; Frank Stubbs Co., Inc.; and McDavid Knee Guard, Inc.

The key companies are concentrating on strategic initiatives such as new product development, mergers and acquisitions, and regional expansions. For instance, in October 2014, Breg, Inc. merged with United Orthopedic Group, Inc. with an aim to be one of the leading U.S.-based companies providing sports medicine and related orthopedic products. These manufacturers are also increasingly focused on creating customized braces & support to cater to patients’ needs.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2016

Forecast period

2017 - 2025

Market representation

Revenue in USD Million & CAGR from 2016 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America & MEA

Country scope

U.S., Canada, UK, Germany, India, China, Brazil, Mexico, South Africa

Report coverage      

Revenue forecast, company share, competitive landscape, growth factors and trends

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, & country levels and provides an analysis on the latest trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the orthopedic braces and support systems market on the basis of product, end use, and region:

  • Product Outlook (Revenue, USD Million; 2014 - 2025)

    • Knee Braces and Supports

      • Knee Braces for Osteoarthritis and Ligament Injuries

      • Post-operational Knee Braces

    • Foot and Ankle Braces and Supports

      • Soft Braces

      • Hinged Braces

    • Spinal Orthoses

    • Upper Extremity Braces and Supports

      • Shoulder Supports

      • Wrist and Hand Supports

  • End-Use Outlook (Revenue, USD Million; 2014 - 2025)

    • Orthopedic Clinics

    • Over the Counter (OTC)

    • Hospitals

    • Others

  • Regional Outlook (Revenue, USD Million; 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • UK

    • Asia Pacific

      • China

      • India

    • Latin America

      • Brazil

      • Mexico

    • MEA

      • South Africa

Key questions answered by the report
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