The global orthopedic braces and supports market size was valued at over USD 4.9 billion in 2018 and is expected to witness a CAGR of 6.4% over the forecast period. Rising incidence of osteoarthritis is considered as one of the key growth drivers. It is the most common form of arthritis affecting population of all ages. The Centers for Disease Control and Prevention (CDC) estimated that nearly 78 million U.S. adults above 18 years of age are anticipated to be diagnosed with arthritis by 2040. Thus, people with arthritis are the primary consumer base for orthopedic brace industry. Rheumatoid arthritis is also another form, which affects the joints, 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 propel the market growth.
Sports-related injuries are rising with the 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 further 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.
On the basis of product type, braces held the largest market share in 2018 owing to rise in injuries and related disorders, such as arthritis. Brace type is further segmented into knee, ankle, back, upper extremity braces and supports, and walking boots. Rising prevalence of knee and ankle related injuries has led to a huge demand for these products.
Knee braces and supports was the largest revenue generator in 2018, owing to a rising number of target population affected by knee joint related injuries. Knee braces help in pressure relief from knee joints affected by arthritis. These products are majorly used by individuals suffering from arthritis and other joint-related disorders, sports players, and patients who have undergone knee surgery.
In 2018, pain management products held significant market share due to growing prevalence of pain related disorders and demand for the treatment of chronic back and joint pain. This segment is sub-divided into cold therapy and Deep Vein Thrombosis (DVT) products.
Walking boots are recommended by doctors for stabilization of fractures, sprains, ligament injuries, or tendon tears in the foot or ankle region. However, its limited usage has led to low revenue generation of this segment. Walking boots are further segmented into pneumatic and non-pneumatic boots.
On the basis of end use, the orthopedic braces and support systems market is classified into orthopedic clinics, hospitals, Over-the-Counter (OTC), and other facilities. In 2018, orthopedic clinics held the largest market share owing to the low preference of visiting hospitals by patients for acute musculoskeletal problems.
OTC related orthopedic braces 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. These products reduce the recovery time and facilitate rapid treatment for damaged parts of muscles and joints.
Hospitals held a significant market share owing to increase in the number of hospital admissions for the treatment of traumatic and spinal injuries, bone fractures, and injuries suffered in road accidents. Hospitals widely use orthopedic braces and support products because of their huge application in the treatment of spinal fusion and delayed union and nonunion bone fractures.
Other facilities demanding these products include trauma centers, sports academies, pharmacies at gyms/health clubs, and emergency centers. Athletic injuries are common at sports academies, gyms, and health clubs and they use various orthopedic bracing products.
In 2018, North America led the market owing to rising awareness regarding bracing devices that aid mobility and prevent further injury. Moreover, the U.S. population is at high risk of osteoporosis arising due to the high number of obese and geriatric people. Thus, rising prevalence of orthopedic conditions coupled with high adoption of advanced products is expected to fuel the regional market growth in near future.
Europe is projected to exhibit lucrative growth during the forecast period owing to the presence of well-developed healthcare infrastructure, availability of advanced products, and skilled professionals. Growing demand for advanced therapies and products in Europe is another major factor anticipated to support regional market growth.
Asia Pacific is anticipated to showcase lucrative CAGR during the forecast period, owing to the fact that China has a huge base of geriatric population driving the product demand. Japan is also a significant contributor of the market owing to the presence of advanced manufacturing facilities and technologies.
Some of the key companies operating in the market include Breg, Inc.; DeRoyal Industries, Inc.; Otto Bock Healthcare GmbH; DJO Global, Inc.; Bauerfeind AG; Alcare Company Ltd.; Össur Corporate; Frank Stubbs Company, Inc.; and McDavid Knee Guard, Inc.; FLA Orthopedics, Inc.; Hely & Weber; and Aspen Medical Products.
The key companies are concentrating on strategic initiatives such as new product development, mergers and acquisitions, and regional expansions. For instance, in February 2018, Breg introduced a new ankle brace, Ultra Aurora. This product is a combination of Ultra Zoom and the Ultra High-5. In May 2018, DJO Global made a strategic partnership with XPO Logistics, a logistics provider operating globally, to manage DJO’s distribution operations in parts of North American. These manufacturers are also increasingly focused on creating customized braces and support to cater to the patients’ needs.
Base year for estimation
Actual estimates/Historical data
2015 - 2017
2019 - 2026
Revenue in USD Million & CAGR from 2019 to 2026
North America, Europe, Asia Pacific, Latin America & MEA
U.S., Canada, U.K., Germany, Spain, France, Italy, Russia, Japan, India, China, South Korea, Singapore, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE
Revenue forecast, company share, competitive landscape, growth factors and trends
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This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry 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 global orthopedic braces and supports market report on the basis of product, end use, and region:
Product Outlook (Revenue, USD Million, 2015 - 2026)
Knee Braces & Supports
Knee Braces for Osteoarthritis and Ligament Injuries
Post-Operational Knee Braces
Back Braces & Supports
Upper Spine Orthoses
Ankle Braces & Supports
Upper Extremity Braces & Supports
Elbow Braces & Supports
Wrist Braces & Supports
Pain Management Products
Cold Therapy Products
End Use Outlook (Revenue, USD Million, 2015 - 2026)
Over the Counter (OTC)
Regional Outlook (Revenue, USD Million, 2015 - 2026)
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