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Innovations in Orthopedic Braces Unloader Technology for Osteoarthritis Relief Trend: A Crucial Influence on the Orthopedic Braces And Support Devices And Equipment Market's Transformation in 2025
Orthopedic Braces And Support Devices And Equipment Market Size
The market size for orthopedic braces, support devices and equipment has seen consistent growth in recent years. It is anticipated to expand from its valuation of $4.01 billion in 2024 to around $4.2 billion by 2025, exhibiting a compound annual growth rate (CAGR) of 4.9%. The upward trend during the historic period is driven by factors such as an aging population, increasing orthopedic injuries, a surging need for rehabilitation & physical therapy, and evolving lifestyle & fitness trends.
In the coming years, consistent growth is anticipated in the orthopedic braces, support devices, and equipment market. It is projected to expand to $5.05 billion in 2029, with a compound annual growth rate (CAGR) of 4.7%. The projected growth during this period can be credited to the burgeoning markets, regulatory backing and reimbursement, value-oriented healthcare, and personalized medicine. Key trends set to shape this span include intelligent orthopedic braces, 3D printing, airy and lightweight materials, tele-rehabilitation, and remote monitoring.
What Factors Are Fueling Growth in the Orthopedic Braces And Support Devices And Equipment Market?
The aging population is fueling the growth of the orthopedic braces and support devices and equipment market. Older individuals are at a heightened risk of injuries due to the weakening of their bones and connective tissues as they age. To illustrate, in the US, osteoarthritis is prevalent among 70% of individuals aged between 50 and 70, a rate that is expected to rise in the future. This factor is one of the key catalysts promoting the expansion of this market.
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Which Leading Companies Are Shaping the Growth of the Orthopedic Braces And Support Devices And Equipment Market?
Major companies operating in the orthopedic braces and support devices and equipment market include DJO Global, Bauerfeind AG, Otto Bock Healthcare GmbH, Breg Inc., Ossur Hf, DeRoyal Industries Inc., BSN medical GmbH, Medi GmbH & Co. KG, THUASNE Group, 3M Company, Lohmann & Rauscher International, Alcare Company Ltd., McDavid Knee Guard Inc., FLA Orthopedics Inc., Frank Stubbs Co. Inc., Zimmer Biomet Holdings Inc., Ortec B.V., Tynor Orthotics, DUK-IN, Prime Medical Inc., Adhenor, Aspen Medical Products, Rcai, Truelife, Shanghai Huici Medical Technology Co. Ltd., Dynamic Techno Medicals Pvt. Ltd., Hely & Weber Orthopedics, Mueller Sports Medicine Inc., Procare Software LLC, Scheck & Siress Prosthetics Inc., Townsend Design
What Are the Major Trends Shaping the Orthopedic Braces And Support Devices And Equipment Market?
Key industry players in the orthopedic braces and support devices and equipment market are concentrating on the creation of advanced products like unloader technology-based brace systems. These systems assist in delivering effective pain management and improved mobility for osteoarthritis patients without necessity for surgical intervention. The design of the orthopedic braces and support devices based on unloader technology focuses on relieving pain and enhancing mobility by diverting weight from injured or arthritic joints. This weight redistribution assists in healing and boosting functional performance. For example, in January 2024, Enovis Corporation, a medical technology firm based in the US, introduced the DonJoy Roam OA knee brace equipped with 'Mag-align' magnetic clips for excellent strap alignment, Set-and-Forget technology for simple application, and the BOA Fit System for flexible support. These advanced features improve patient comfort and assurance while effectively redistributing weight and offering stabilization, enabling users to sustain or augment their activity levels.
What Are the Key Segments of the Orthopedic Braces And Support Devices And Equipment Market?
The orthopedic braces and support devices and equipment market covered in this report is segmented -
1) By Type: Lower extremity braces, Upper extremity braces, Back and hip braces, Other braces
2) By Product: Soft And Elastic Braces and Supports, Hinged Braces and Supports, Hard And Rigid Braces and Supports
3) By End User: Hospitals, Home Healthcare, Clinics, Other End-Users
Subsegments:
1) By Lower Extremity Braces: Knee Braces, Ankle Braces, Foot Braces, Thigh Braces
2) By Upper Extremity Braces: Elbow Braces, Wrist Braces, Shoulder Braces, Hand Braces
3) By Back And Hip Braces: Lumbar Braces, Sacral Braces, Pelvic Braces, Hip Braces
4) By Other Braces: Neck Braces, Spinal Braces, Rib Braces
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Which Region Dominates the Orthopedic Braces And Support Devices And Equipment Market?
North America was the largest region in global orthopedic devices and equipment market in 2023. Western Europe was the second-largest region in global orthopedic devices and equipment market. The regions covered in the orthopedic braces and support devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Is Covered In The Orthopedic Braces And Support Devices And Equipment Global Market Report?
- Market Size Analysis: Analyze the Orthopedic Braces And Support Devices And Equipment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Orthopedic Braces And Support Devices And Equipment Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Orthopedic Braces And Support Devices And Equipment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Orthopedic Braces And Support Devices And Equipment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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Key drivers fueling market growth include a growing geriatric population and an increase in the number of sports-related injuries among athletes.
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