Global Orthopedic Braces And Supports Market by Product (Pain Management Products, Brace Type), by End Use (Orthopedic Clinics, Hospitals, OTC) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global orthopedic braces and supports sales were valued at more than USD 4.9 billion in 2018. The market is expected to grow 6.4% during the forecast period. The key growth driver is the rising incidence of osteoarthritis. This is the most common type of arthritis that affects all ages. According to the Centers for Disease Control and Prevention, nearly 78 million Americans over 18 years old will be diagnosed with arthritis in 2040. People with arthritis make up the largest segment of the orthopedic brace market. Another form of arthritis, called rheumatoid, affects the joints and causes muscle pain.

The highest demand for orthotic braces and supports is from the elderly population. These people are highly vulnerable to musculoskeletal diseases. As we age, bones and connective tissues such as cartilages and ligaments naturally become weaker. This increases the risk of injury to muscles, especially in the knees and shoulders for seniors. This stiffens the joints and makes it more difficult to move. Market growth is expected to be driven by a growing geriatric population.

With the increase in sports, injuries to athletes are on the rise. Running, cycling and other fitness-related activities are what athletes are focusing on. These athletes can gain health benefits but they also have the potential to injure themselves, which could further increase their risk of ligament injury. Indoor athletes are more at risk of a ligament tear in their ankles. They are therefore expected to be a large market for ankle braces. Ankle braces are also recommended by orthopedists after an acute ankle injury.

To protect themselves against further injury, athletes also use orthotic braces. They can restrict unwanted movement during matches and facilitate a more comfortable play.

Product Insights

Braces dominated the market in 2018, owing to the rise in injuries and related conditions such as arthritis. The brace type can be further divided into knee, ankle and back, as well as upper extremity braces, supports and walking boots. These products are in high demand due to the rising incidence of ankle and knee injuries.

Due to the increasing number of people with knee joint injuries, knee braces and supports were the biggest revenue generators in 2018. The knee braces provide pressure relief for arthritis-related pain in the knee joints. Patients who have had knee surgery, as well as those with arthritis or other joint-related conditions, use these products most often.

Due to the growing demand for pain management products and increasing prevalence of pain-related disorders, 2018 saw significant market share in pain management products. This market segment can be sub-divided into Deep Vein Thrombosis products (DVT) and cold therapy.

Doctors recommend walking boots for the stabilization of fractures and tendon tears in the foot and ankle regions. This segment has seen low revenue generation due to its limited use. The segmentation of walking boots is further broken down into pneumatic or non-pneumatic.

End Use Insights

The market for orthopedic braces and supporting systems can be divided into hospitals, orthopedic clinics, Over-the-Counter and other facilities based on their end use. The largest market share for orthopedic clinics was held in 2018 due to patients' low preference for visiting hospitals with acute musculoskeletal issues.

OTC-related orthopedic braces will experience a significant growth in the future due to their easy availability at retail pharmacies. OTC products are preferred by patients suffering from acute muscle pain. These products are quick and effective in treating damaged muscles and joints.

Due to an increase in hospital admissions for treatment of spinal and traumatic injuries, bone fractures and injuries sustained in road accidents, hospitals held a substantial market share. Because of their wide application in treating spinal fusion, delayed union and nonunion fractures, hospitals often use orthotic braces and support products.

These products are also required by trauma centers, sports academy, pharmacies at gyms/health club, and emergency rooms. Sports academies, health clubs, and gyms are all common places for athletic injuries. They use a variety of orthopedic bracing products.

Regional Insights

Due to increased awareness about bracing devices that assist mobility and prevent injury, North America dominated the market in 2018. Due to high numbers of obese and elderly Americans, there is a high chance of developing osteoporosis. The region's market will grow rapidly due to the rising incidence of orthotic conditions and high adoption of advanced products.

Europe is expected to experience lucrative growth over the forecast period due to its well-developed healthcare infrastructure and availability of high-quality products. It also has skilled professionals. Another factor expected to support regional market growth is the growing demand for innovative therapies and products in Europe.

Asia Pacific is expected to show a lucrative CAGR over the forecast period. This is due to China's large geriatric population, which will drive the product demand. Japan is also an important contributor to the market due to its advanced manufacturing facilities.

Market Share Insights & Key Companies

Breg, Inc., DeRoyal Industries, Inc., Otto Bock Healthcare GmbH, DJO Global, Inc., Bauerfeind AG, Alcare Company Ltd., Ossur Corporate, Frank Stubbs Company, Inc., and McDavid Knee Guard, Inc., FLA Orthopedics, Inc., Hely & Weber, and Aspen Medical Products.

These companies focus on strategic initiatives like new product development, mergers & acquisitions, regional expansions and other such things. Breg's Ultra Aurora ankle brace was introduced in February 2018. The Ultra Zoom and Ultra High-5 are combined in this product. DJO Global formed a strategic partnership in May 2018 with XPO Logistics to manage DJO's distribution activities in North America. XPO Logistics is a global logistics provider. They are also focusing on custom braces and support for patients.

Orthopedic Braces and Supports Market Report Scope

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional and country level. It also provides analysis of industry trends and potential opportunities for each sub-segment from 2014 through 2025. Grand View Research has divided the global market for orthopedic braces and supports on the basis product, end-use, and location.

• Product Outlook (Revenue USD Million, 2015-2026)

  • Type of Brace

    • Supports & Braces for the Knee

      • Knee Braces to Treat Osteoarthritis or Ligament Injuries

      • Braces for the post-operative knee

    • Back Braces and Supports

      • Upper Spine Orthoses

      • TLSOs

      • LSOs

      • Other

    • Ankle Braces & Supports

      • Soft Braces

      • Hinged Braces

    • Walker Boots

      • Pneumatic

      • Non-pneumatic

    • Braces and Supports for the Upper Extremity

      • Elbow Braces & Supports

      • Braces & Supports for the Wrist

      • Other

  • Products for Pain Management

    • Products for Cold Therapy

    • DVT Products

• End Use Outlook (Revenue USD Million, 2015-2026)

  • Orthopedic Clinics

  • Over the Counter (OTC).

  • Hospitals

  • Other

• Regional Outlook (Revenue USD Million, 2015-2026)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

    • Spain

    • France

    • Italy

    • Russia

  • Asia Pacific

    • Japan

    • China

    • India

    • South Korea

    • Singapore

    • Australia

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • MEA

    • South Africa

    • Saudi Arabia

    • UAE

These are the most frequently asked questions about this report

b. Global market for orthopedic braces and supports was valued at USD 5.18 billion in 2019, and is forecast to grow to USD 5.46 billion by 2020.

b. Global orthopedic braces and supports markets are expected to grow at 6.4% compound annual growth rate between 2019-2026, to reach USD 8.2 billion by 2026.

b. With a 39.7% share in 2019, North America was the dominant market for orthopedic braces and supports. This can be attributed to a growing awareness of bracing devices that assist mobility and prevent further injuries.

b. Breg, Inc., DeRoyal Industries, Inc., DJO Global, Inc., Bauerfeind AG, Alcare Company Ltd., Otto Bock Healthcare GmbH, Ossur Corporate, FLA Orthopedics, Inc., Frank Stubbs Company, Inc., McDavid Knee Guard, Inc., Hely & Weber, as well as Aspen Medical Products.

b. Market growth is being driven by the rising incidence of osteoarthritis and increasing sports-related injuries.

Up Market Research published a new report titled “Orthopedic Braces And Supports Market research report which is segmented by Product (Pain Management Products, Brace Type), by End Use (Orthopedic Clinics, Hospitals, OTC), By Players/Companies Inc; FLA Orthopedics, Inc; Hely & Weber; and Aspen Medical Products, Inc; DeRoyal Industries, Inc; Bauerfeind AG; Alcare Company Ltd; –ssur Corporate; Frank Stubbs Company, Inc; and McDavid Knee Guard, Breg, Inc; Otto Bock Healthcare GmbH; DJO Global”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Orthopedic Braces And Supports Market Report Segments:

The market is segmented by Product (Pain Management Products, Brace Type), by End Use (Orthopedic Clinics, Hospitals, OTC).

Orthopedic Braces And Supports Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Orthopedic Braces And Supports Market

Overview of the regional outlook of the Orthopedic Braces And Supports Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Orthopedic Braces And Supports Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Orthopedic Braces And Supports Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Pain Management Products

                2. Brace Type

                1. Orthopedic Clinics

                2. Hospitals

                3. OTC

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Orthopedic Braces And Supports Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Orthopedic Braces And Supports Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.