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Global Orthopaedic Braces and Supports Market Size, Forecast: By Product: Lower Extremity Braces and Supports, Spinal Braces and Supports, Upper Extremity Braces and Supports; By Type; Soft and Elastic Braces and Supports, Others; By Application; By End Use; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Orthopaedic Braces and Supports Market Outlook
The global orthopaedic braces and supports market attained a value of USD 4.53 billion in 2023. The market is likely to register a CAGR of 4.2% during the forecast period of 2024-2032. It is expected to reach USD 6.53 billion by 2032.
Based on type, soft and elastic braces and supports dominated the market in 2020. Based on the application, the ligament injury segment accounted for the highest market share in 2020. On the basis of end-users, orthopaedic clinics held the largest market share in 2020. North America accounted for the major market share in 2020 and is estimated to retain its dominance over the forecast period of 2024-2032.
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Properties and Applications
Braces and supports are orthopaedic equipment that are used externally to hold, align, correct, and support certain parts of the body while healing from an injury. They are manufactured using specialised materials with precise designs that offer strong targeted support to the knee, shoulder, spine, foot, upper elbow, hip, ankle, and other body parts. they further aid in safeguarding the joints after surgeries and provide a sense of mobility to the patients.
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On the basis of product types, the industry is segmented into lower extremity, spinal, and upper extremity braces and supports. Based on types, the market can be broadly categorised into:
- Soft and Elastic
- Hinged
- Hard and Rigid
Based on applications, the industry is categorised as:
- Ligament Injury
- Preventive Care
- Post-Operative Rehabilitation
- Osteoarthritis
- Others
On the basis of end use, the industry can be segregated into:
- Orthopaedic Clinics
- Hospitals and Surgical Centres
- Over the Counter (OTC) Platforms
- Others
The EMR report looks into the regional markets for orthopaedic braces and supports like North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.
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Market Analysis
In comparison to invasive treatments, braces and supports help in reducing the incidences of post-surgical complications and assist in quick recovery. Also, consumers spend a significant part of their day in front of TVs and PCs, which results in the development of minor and major musculoskeletal deformities. Thus, the demand for braces and supports is increasing at a healthy rate.
The growing geriatric population is also contributing to the increased sales of braces and supports across the globe. The rising demand for orthopaedic softgoods such as wrist and wrist-thumb support, knee braces and wraps with flexible and rigid support, (tennis) elbow straps, and ankle supports are expected to aid the market growth. Technological advancements have also led to significant improvements in modelling and material technology and ensure increased flexibility while utilising low-weight materials. Also, the incorporation of advanced data sensors and synchronization systems are further expected to impel the industry growth over the forecast period.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global orthopaedic braces and supports market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- BREG, Inc.
- Össur Corporate.
- Bauerfeind AG
- BSN medical GmbH
- DJO Global, Inc.
- 3M Company
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Type |
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| Breakup by Application |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Orthopaedic Braces and Supports Market Analysis
8.1 Key Industry Highlights
8.2 Global Orthopaedic Braces and Supports Historical Market (2018-2023)
8.3 Global Orthopaedic Braces and Supports Market Forecast (2024-2032)
8.4 Global Orthopaedic Braces and Supports Market by Product
8.4.1 Lower Extremity Braces and Supports
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Historical Trend (2024-2032)
8.4.2 Spinal Braces and Supports
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Historical Trend (2024-2032)
8.4.3 Upper Extremity Braces and Supports
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Historical Trend (2024-2032)
8.5 Global Orthopaedic Braces and Supports Market by Type
8.5.1 Soft and Elastic Braces and Supports
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Historical Trend (2024-2032)
8.5.2 Hinged Braces and Supports
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Historical Trend (2024-2032)
8.5.3 Hard and Rigid Braces and Supports
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Historical Trend (2024-2032)
8.6 Global Orthopaedic Braces and Supports Market by Application
8.6.1 Ligament Injury
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Historical Trend (2024-2032)
8.6.2 Preventive Care
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Historical Trend (2024-2032)
8.6.3 Post-Operative Rehabilitation
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Historical Trend (2024-2032)
8.6.4 Osteoarthritis
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Historical Trend (2024-2032)
8.6.5 Others
8.7 Global Orthopaedic Braces and Supports Market by End Use
8.7.1 Orthopaedic Clinics
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Historical Trend (2024-2032)
8.7.2 Hospitals and Surgical Centres
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Historical Trend (2024-2032)
8.7.3 Over-the-Counter (OTC) Platforms
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Historical Trend (2024-2032)
8.7.4 Others
8.8 Global Orthopaedic Braces and Supports Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Orthopaedic Braces and Supports Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Orthopaedic Braces and Supports Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Orthopaedic Braces and Supports Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Orthopaedic Braces and Supports Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Orthopaedic Braces and Supports Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 BREG, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Össur Corporate.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Bauerfeind AG
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 BSN medical GmbH
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 DJO Global, Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 3M Company
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Orthopaedic Braces and Supports Market: Key Industry Highlights, 2018 and 2032
2. Global Orthopaedic Braces and Supports Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Orthopaedic Braces and Supports Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Orthopaedic Braces and Supports Historical Market: Breakup by Type (USD Billion), 2018-2023
5. Global Orthopaedic Braces and Supports Market Forecast: Breakup by Type (USD Billion), 2024-2032
6. Global Orthopaedic Braces and Supports Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Orthopaedic Braces and Supports Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Orthopaedic Braces and Supports Historical Market: Breakup by End User (USD Billion), 2018-2023
9. Global Orthopaedic Braces and Supports Market Forecast: Breakup by End User (USD Billion), 2024-2032
10. Global Orthopaedic Braces and Supports Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Orthopaedic Braces and Supports Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Orthopaedic Braces and Supports Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Orthopaedic Braces and Supports Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Orthopaedic Braces and Supports Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Orthopaedic Braces and Supports Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Orthopaedic Braces and Supports Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Orthopaedic Braces and Supports Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Orthopaedic Braces and Supports Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Orthopaedic Braces and Supports Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Orthopaedic Braces and Supports Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Orthopaedic Braces and Supports Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Orthopaedic Braces and Supports Market Structure
Key Questions Answered in the Report
In 2023, the global orthopaedic braces and supports market reached a value of USD 4.53 billion.
In the forecast period of 2024-2032, the market is projected to grow at a CAGR of 4.2%.
By 2032, the market is estimated to reach USD 6.53 billion.
The major drivers of the industry such as rising disposable incomes, increasing population, rising demand for the products due to the largely sedentary lifestyles of the consumers, and growing geriatric population are expected to aid the market growth.
Technological advancements leading to the development of improved modelling and material technology and the inclusion of advanced data sensors and synchronization systems are the major trends driving the growth of the market.
The major regions in the industry are North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa, with North America accounting for the largest market share.
The leading types of the products in the industry are soft and elastic braces and supports.
Lower extremity, spinal, and upper extremity braces and supports are the most significant product types in the industry.
Orthopaedic clinics are the leading end-users in the industry.
The ligament injury segment accounts for the largest market share among other application segments.
The major players in the industry are BREG, Inc., Össur Corporate, Bauerfeind AG, BSN medical GmbH, DJO Global, Inc., and 3M Company, among others.
Analyst Review
The global orthopaedic braces and supports market attained a value of USD 4.53 billion in 2023 driven by the rising demand due to the growing sedentary lifestyles and rising geriatric population. Aided by the growing incorporation of synchronization systems and advanced data sensors, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.2%. The market is projected to reach USD 6.53 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on types, the market can be segmented into soft and elastic, hinged, and hard and rigid braces and supports, with the soft and elastic variant of the product leading the market. Lower extremity, spinal, and upper extremity braces and supports are the major product types in the industry. On the basis of application, the ligament injury segment leads the market. Orthopaedic clinics are the leading end-users in the industry. The major regional markets for the products are North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above industry include BREG, Inc., Össur Corporate, Bauerfeind AG, BSN medical GmbH, DJO Global, Inc., 3M Company, and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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