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Major Growth Driver Identified in 2025 Orthopedic Braces And Support Devices And Equipment Market: Growing Geriatric Population Drives Orthopedic Braces And Support Devices And Equipment Market
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Orthopedic Braces And Support Devices And Equipment Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for orthopedic braces, support devices, and equipment has been expanding consistently over the recent past. The market is projected to increase from $4.11 billion in 2024 to $4.31 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 4.8%. Factors such as an aging populace, incidences of orthopedic injuries, the necessity for rehabilitation and physical therapy, along with lifestyle and fitness inclinations have contributed to this historical growth.
Orthopedic Braces And Support Devices And Equipment Market Size Forecast: What's the Projected Valuation by 2029?
The market size for orthopedic braces and support devices and equipment is predicted to experience consistent expansion over the upcoming years, reaching a valuation of $5.05 billion in 2029 at a Compound Annual Growth Rate (CAGR) of 4.0%. The drivers of the projected growth for the forecast period include the expansion of emerging markets as well as regulatory support and reimbursements, value-focused healthcare, and personal medical care. Major trends to watch during this period entail smart orthopedic braces, 3d printing, the use of lightweight and breathable materials, as well as tele-rehabilitation and remote patient monitoring.
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What Are the Drivers Transforming the Orthopedic Braces And Support Devices And Equipment Market?
The surge in the aging populace is fueling the orthopedic braces and support devices and equipment market. As people get older, they become more susceptible to damage due to the weakening of their bones and connective tissues. For instance, in the US, osteoarthritis affects 70% of individuals aged 50 to 70, and this percentage is expected to rise during the projected period. This prevalence largely accounts for the expansion of this market.
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What Long-Term Trends Will Define the Future of the Orthopedic Braces And Support Devices And Equipment Market?
Key businesses in the orthopedic braces and support devices and equipment sector are concentrating their efforts on the creation of advanced items, like brace systems built on unloader technology, to deliver efficient pain alleviation and improved mobility for osteoarthritis patients without necessitating surgery. The orthopedic braces and support devices' unloader technology-based brace system is constructed to ease pain and boost mobility by shifting weight away from injured or arthritic joints, subsequently redistributing forces to encourage healing and enhance functionality. For example, Enovis Corporation, a US-based firm that specializes in medical technology, unveiled the DonJoy Roam OA knee brace in January 2024. This product incorporates 'Mag-align' magnetic clips for superior strap positioning, Set-and-Forget technology for effortless use, and the BOA Fit System for flexible support. These innovations contribute to patient comfort and trust by effectively unloading and stabilizing, which allows users to uphold or escalate their activity rates.
Which Segments in the Orthopedic Braces And Support Devices And Equipment Market Offer the Most Profit Potential?
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 Firms Dominate the Orthopedic Braces And Support Devices And Equipment Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in the Orthopedic Braces And Support Devices And Equipment Market?
North America was the largest region in global orthopedic devices and equipment market in 2024. 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.
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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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