Press release
Orthopedic Braces and Supports Market to Reach US$ 5.9 Bn by 2031, Says Persistence Market Research
The global orthopedic braces and supports market is rapidly expanding, with an estimated value of US$ 3.7 billion in 2024, projected to grow at a compound annual growth rate (CAGR) of 6.9% to reach US$ 5.9 billion by 2031. This growth is largely attributed to the rising prevalence of musculoskeletal disorders, a rapidly aging global population, and an increasing focus on preventive healthcare. Orthopedic braces and supports, which help alleviate pain, provide stability, and facilitate rehabilitation, have become essential tools in managing joint and bone-related issues. As lifestyle-related conditions like obesity and sports injuries surge, the demand for these medical devices is expected to continue growing across multiple regions.The orthopedic braces and supports market is seeing growth not only in developed countries but also in emerging markets due to the rising healthcare infrastructure and awareness of musculoskeletal health. Key drivers, including technological advancements, innovations in materials, and the integration of smart technologies, are expected to shape the market's trajectory in the coming years. The soft and elastic braces segment is anticipated to be the leading product type due to its popularity in preventive care and post-operative rehabilitation. Geographically, East Asia, particularly Japan, is poised to lead the market with a high adoption rate of advanced orthopedic technologies, thanks to the region's expertise in smart solutions and aging population.
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Key Highlights from the Report
➤ The global orthopedic braces and supports market size is expected to reach US$ 5.9 billion by 2031.
➤ Technological developments, including 3D printing and smart braces with integrated sensors, are driving market expansion.
➤ The rising popularity of preventive healthcare is significantly contributing to increased demand from athletes and fitness enthusiasts.
➤ Growing consumer demand for eco-friendly healthcare products is prompting manufacturers to adopt sustainable materials.
➤ Post-operative care, including joint replacements and ligament reconstructions, remains a major application area for braces and supports.
➤ The soft and elastic braces segment is projected to grow at a CAGR of 4.5% through 2031, with strong demand in rehabilitation and preventive care.
Market Segmentation
The orthopedic braces and supports market can be segmented based on product type, application, and end-user categories. By product type, the market primarily includes soft and elastic braces, hard braces, and knee supports. Soft and elastic braces are expected to experience the highest growth due to their affordability, flexibility, and widespread use in preventing injuries and facilitating recovery. These braces are commonly used for arthritis management, sprains, and strains. They provide gentle compression, support, and stability to the affected area without restricting movement, which is key for patient compliance and rehabilitation success.
In terms of application, preventive care is one of the fastest-growing segments in the market. The increasing focus on early intervention and non-invasive treatments has encouraged athletes and individuals with high physical activity to use braces for injury prevention. The preventive care segment is predicted to grow at a CAGR of 4.3% through 2031. This trend is driven by greater public awareness of musculoskeletal issues, including osteoarthritis, osteoporosis, and sports injuries, which can be mitigated with timely interventions.
Regional Insights
North America
North America is one of the largest markets for orthopedic braces and supports, driven by a high incidence of musculoskeletal disorders, including arthritis and injuries. The U.S., in particular, sees significant demand for orthopedic products due to the aging population and rising prevalence of obesity. Moreover, increasing awareness about the benefits of orthopedic braces for rehabilitation and pain management contributes to the market's growth in the region. The growth is further supported by the presence of well-established healthcare infrastructure and leading manufacturers, such as DJO, McDavid, and Bauerfeind, who are constantly innovating and introducing advanced products to meet consumer needs.
East Asia
East Asia, led by Japan, is witnessing rapid growth in the orthopedic braces and supports market. Japan's aging population, one of the highest in the world, is a major factor contributing to the demand for orthopedic solutions. Additionally, the region's technological advancements, particularly in smart braces and custom-fit products, are driving the market's expansion. Innovations like AI-based customizations, lightweight materials, and robotic systems for brace design are making orthopedic devices more comfortable and effective, enhancing patient compliance. As a result, East Asia is projected to witness a CAGR of 7.2% through 2031, outpacing other regions in terms of growth.
Market Drivers
Increasing Prevalence of Musculoskeletal Disorders
Musculoskeletal disorders, such as arthritis, back pain, and joint injuries, are among the leading causes of disability globally. According to the World Health Organization (WHO), musculoskeletal diseases are responsible for a significant portion of the global disability burden. In the U.S. alone, approximately 25% of adults suffer from arthritis, with the condition being a leading driver of the orthopedic braces market. As the global population ages, the incidence of musculoskeletal disorders is expected to rise, directly boosting demand for orthopedic supports.
Rising Obesity Rates
Obesity, which is on the rise in both developed and developing countries, significantly increases the risk of developing orthopedic issues, including joint pain, osteoarthritis, and spinal disorders. The high rates of obesity-related health complications are a driving force behind the increasing adoption of orthopedic braces and supports. For instance, in the U.S., obesity is a major contributor to the high prevalence of musculoskeletal conditions, further pushing the demand for braces that offer pain relief and mobility assistance.
Technological Advancements
Continuous innovation in materials and technology is reshaping the orthopedic braces and supports market. Developments such as 3D printing and smart braces equipped with sensors for real-time tracking are providing customized, more effective solutions for patients. These innovations not only enhance comfort and functionality but also improve patient compliance. As a result, manufacturers are focusing on developing products that incorporate advanced materials, such as lightweight, breathable fabrics and flexible polymers, to improve the performance and user experience of orthopedic devices.
Market Restraints
Limited Reimbursement Policies
One of the significant barriers to market growth is the limited reimbursement policies for orthopedic braces and supports in many regions. In some countries, these devices are considered non-essential and are not covered by insurance, forcing patients to pay out-of-pocket. This can significantly limit the accessibility of these products, particularly for lower-income individuals who may require long-term or multiple braces for chronic conditions such as arthritis. The lack of financial support from insurance providers reduces the willingness of healthcare practitioners to recommend orthopedic braces, further impeding market growth.
High Cost of Advanced Products
While technological advancements have improved the effectiveness of orthopedic braces, the high cost of advanced products can be a limiting factor. Braces with integrated sensors, AI-based customizations, or made from advanced materials may be priced higher than traditional devices, making them unaffordable for some consumers. This price sensitivity limits market penetration in emerging economies, where cost is a crucial factor in healthcare product adoption.
Market Opportunities
Increasing Popularity of E-Commerce Channels
The growing popularity of e-commerce platforms is creating new opportunities for the orthopedic braces market. Consumers now prefer to purchase healthcare products online, which provides greater convenience and access to a broader range of products. Online retail platforms allow manufacturers to reach a global audience, including those in remote or underserved regions, and benefit from lower distribution costs. Additionally, e-commerce provides an opportunity to offer personalized marketing and customer engagement, boosting sales and customer satisfaction.
Strategic Partnerships and Product Commercialization
Strategic partnerships and collaborations are key drivers of growth in the orthopedic braces and supports market. Manufacturers are increasingly partnering with healthcare professionals, clinics, and hospitals to expand their product reach and increase customer awareness. Product commercialization is also expanding, with companies like Ultra Athlete and Tandem Sport tapping into the athletic market to offer customized orthopedic solutions. This diversification of products and markets creates a dynamic and rapidly evolving landscape for orthopedic braces and supports.
Frequently Asked Questions (FAQs)
➤ How big is the global orthopedic braces and supports market?
➤ Who are the key players in the global market for orthopedic braces and supports?
➤ What is the projected growth rate of the orthopedic braces and supports market from 2024 to 2031?
➤ What is the market forecast for orthopedic braces and supports by 2032?
➤ Which region is estimated to dominate the orthopedic braces and supports industry during the forecast period?
Company Insights
✦ DeRoyal Industries, Inc.
✦ BREG, Inc.
✦ Bauerfeind
✦ Frank Stubbs Company Inc.
✦ DJO, LLC (Enovis)
✦ McDavid
✦ Ottobock
✦ Össur
✦ Fillauer LLC
✦ Weber Orthopedic LP
Recent Industry Developments
■ In May 2024, Create it REAL launched a 3D printing service platform for custom orthopedic braces, offering more tailored solutions for patients.
■ In January 2024, DJO (Enovis) announced the launch of the DonJoy Roam OA Knee brace, designed for osteoarthritis and knee pain management.
The orthopedic braces and supports market is evolving at a fast pace, driven by technological innovations, growing demand due to musculoskeletal conditions, and the rise of preventive healthcare trends. With increasing opportunities in e-commerce, strategic partnerships, and product commercialization, the future looks promising for this sector.
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At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.
Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.
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