Industry: Healthcare
Published Date: November-2024
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 175
Report ID: PMRREP34959
The global orthopedic braces and supports market is predicted to reach a size of US$ 3.7 Bn by 2024. It is estimated to witness a CAGR of 6.9% during the assessment period to reach a value of US$ 5.9 Bn by 2031.
Musculoskeletal disorders, including conditions like back pain, osteoarthritis, and other joint and bone-related challenges affect a substantial portion of the global population. The number of people living with musculoskeletal disorders across the globe is estimated to reach 1 billion by 2050 from 494 million individuals in 2020.
Prevalence of lifestyle conditions like obesity and injuries, along with the aging global population is estimated to drive demand for orthopedic braces and supports. As the number of people engaging in sports activities increases, the risk of injuries further rises, thereby driving demand for braces and supports.
Continuous innovation in design and functionality of orthopedic braces and supports is one of the key drivers of growth. Developments in material technology along with the integration of smart sensors and enhanced molding techniques are making these products effective, comfortable, and accessible.
Key Highlights of the Industry
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Market Attributes |
Key Insights |
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Orthopedic Braces and Supports Market Size (2024E) |
US$ 3.7 Bn |
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Projected Market Value (2031F) |
US$ 5.9 Bn |
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Global Market Growth Rate (CAGR 2024 to 2031) |
6.9% |
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Historical Market Growth Rate (CAGR 2019 to 2023) |
5.2% |
Musculoskeletal disorders are a prominent health concern that impacts a significant population in Europe. These conditions are among the leading causes of chronic pain and disability in the region. These demographic trends are estimated to drive demand for orthopedic supports.
Innovations in lightweight materials and custom-fit designs are making these devices appealing to individuals, especially in Germany. The primary uses of orthopedic braces in Germany includes the management of osteoarthritis, injury rehabilitation, and post-operative recovery, thereby aligning with broader market trends.
In 2019, musculoskeletal disorders were among the most common reasons for hospitalizations in Germany with patients experiencing the longest hospital stays in Europe averaging over 10 days per admission. The orthopedic braces and supports industry in Europe is witnessing a rising preference for e-commerce channels, thereby making these highly accessible.
East Asia is progressively leveraging its technological expertise to drive growth in the orthopedic braces and supports market. In the region, Japan is mainly focusing on lightweight, durable, and breathable materials. These play a key role in improving comfort and functionality of orthopedic braces.
The materials further enhance patient compliance and satisfaction. With Japan having one of the world’s highest proportions of individuals aged 65 or older that currently account for 30% of its population, the country poses a demand for solutions to manage age-related orthopedic conditions.
Increased expenditure on healthcare further supports the adoption of novel orthopedic technologies. East Asia is mainly using AI in custom-fitting braces and supports to ensure precision and efficiency while decreasing production time and enhancing patient outcomes. The region is also using robotic systems for designing braces that align with individual anatomical structures.
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Category |
CAGR through 2031 |
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Type- Soft and Elastic Braces and Supports |
4.5% |
Affordability, comfort, and versatility of soft and elastic orthopedic braces and supports are driving demand. Soft braces are specifically preferred in preventive care and post-operative rehabilitation owing to their lightweight and pliable design that offers stability without putting restrictions on movement.
The braces and supports find wide applications in minor injuries and arthritis. These are particularly sought after for their ability to provide gentle compression and support while enhancing patient compliance. Innovations in technology like the integration of materials that balance durability and flexibility also spur demand.
Rising demand for non-invasive and cost-effective solutions for musculoskeletal support further drives growth of the segment. It is especially evident among individuals dealing with mild to moderate injuries or degenerative conditions.
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Category |
CAGR through 2031 |
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Application- Preventive Care |
4.3% |
Increasing public awareness regarding the importance of early intervention and non-invasive treatments for musculoskeletal issues is encouraging the adoption of braces and supports as a preventive measure. The trend is especially evident among athletes and individuals that are prone to orthopedic conditions.
The aging global population that is susceptible to conditions like arthritis and osteoporosis is a key contributor to the demand for braces. These are specifically designed to prevent worsening conditions while maintaining mobility.
Rising injuries associated with sports, age-related conditions, and road accidents contribute to a high demand for braces and supports. These help manage conditions like ligament injuries, post-operative recovery, and osteoarthritis.
Increasing adoption of online channels for purchasing orthopedic products is another key driving force behind expansion. Developments in technology, including the launch of enhanced materials and incorporation of data sensors in orthopedic braces are improving product functionality while providing additional opportunities for growth.
The orthopedic braces and supports market growth remained steady at a CAGR of 5.2% during the historical period between 2019 and 2023. Increasing awareness of orthopedic products for acute as well as chronic conditions were the key factors that fueled demand. Technological developments in design and functionality of braces, including the integration of smart technologies is emerging as a key market driver.
The market also witnessed a rise in orthopedic products customized for several applications, including post-surgical recovery, pain management, and prevention. Established companies further contributed to growth of the market through innovations in product offerings and strategic partnerships.
Increasing Cases of Musculoskeletal Disorders to Foster Demand
Increasing prevalence of musculoskeletal issues is a key driver for the orthopedic braces and supports market, especially in areas having aging populations as well as rising rates of obesity and physical inactivity. Based on figures published by the U.S. Bureau of Labor Statistics, musculoskeletal diseases accounted for 30% of all worker injuries and illnesses in 2018.
The World Health Organization (WHO) published that musculoskeletal diseases are the leading cause of disability across the globe. The Centers for Disease Control and Prevention (CDC) stated that one in every four adults in the U.S. have been diagnosed with arthritis.
The economic burden of musculoskeletal problems emphasizes the market opportunity for orthopedic braces and supports. The National Institute for Occupational Safety and Health (NIOSH) estimates that work-related musculoskeletal diseases account for about 70 million physician office visits in the U.S. each year.
Rising Prevalence of Arthritis and Obesity to Bolster Sales
Arthritis is one of the leading chronic conditions mainly affecting the older adults. Increasing arthritis cases, owing to the aging global population, is estimated to surge demand for orthopedic braces. These devices assist in managing pain, support joints, and enhance mobility for arthritis sufferers.
Osteoarthritis is alone responsible for a significant portion of the global burden of musculoskeletal diseases as several individuals seek non-invasive treatment options like braces for symptom relief. The rapidly rising obesity rates further push sales of orthopedic braces and supports as it increases the risk of developing various orthopedic issues.
In the U.S., obesity is responsible for several chronic conditions that increase the requirement for braces. With an estimated 300,000 obesity-related deaths annually, the associated orthopedic challenges further drive demand for effective brace solutions.
Limited Reimbursement Policies to Hamper Growth
Limited reimbursement regulations are likely to negatively impact the orthopedic back support product demand by restraining patient access to this key medical equipment. Several countries still classify orthopedic braces and supports as non-essential or over-the-counter items, thereby limiting their insurance coverage.
It results in patients shouldering the entire cost that can be expensive, especially for those who require long-term or several braces for chronic illnesses like arthritis or post-surgical recuperation. Potential customers, particularly those having lower incomes, may opt for less expensive alternatives or avoid acquiring these devices entirely. It may further limit orthopedic braces and supports market growth.
Healthcare practitioners may be less likely to offer orthopedic braces and supports if they are aware that patients would have to pay out-of-pocket due to limited insurance coverage. This lack of reimbursement thereby hampers market innovation as manufacturers may be hesitant to spend on producing innovative or customized items if insurance will not cover them. The absence of financial support from insurance companies combined with the increased demand for orthopedic devices creates a gap between need and accessibility.
High Popularity of Online Channels to Create New Prospects
Increasing popularity of online channels is substantially contributing to the expansion of orthopedic braces and supports market. As consumers turn to e-commerce platforms for the purchase of healthcare products, including orthopedic braces, online retail has become a crucial channel for market growth.
As patients seek convenience, they are turning to e-commerce channels that offer consumers the ability to browse and purchase a wide range of products from home. Benefits provided by online channels like easy access to consumer reviews, competitive pricing, and detailed product specifications influence purchasing decisions. Online retail enables manufacturers to reach a wide consumer base, including those residing in remote locations, thereby enhancing engagement through targeted digital marketing strategies.
Product Commercialization by Manufacturers to Foster Innovations
Product commercialization is becoming a significant factor pushing orthopedic braces and supports market revenue. Key manufacturers are continuously innovating and launching new products as demand for specialized, effective, and comfortable orthopedic solutions rises. Businesses are diversifying their product portfolios by introducing unique solutions designed for specific conditions like sport injuries, post-surgery rehabilitation, and osteoarthritis.
Product commercialization is further being driven by strategic partnerships and investments. Companies like Ultra Athlete and Tandem Sport are extending their reach by integrating their products into athletic markets. Increasing availability of over-the-counter (OTC) orthopedic supports has made these products accessible. Emerging areas are also seeing new product rollouts aimed at addressing the rising incidence of musculoskeletal disorders.
Leading manufacturers in the orthopedic medical equipment business are heavily investing in research and development activities to extend their product portfolios. Companies in the industry are manufacturing locally to decrease their operational costs. They are also competing to provide superior orthopedic support systems with the rapid development and launch of unique products.
Recent Industry Developments
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Attributes |
Details |
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Forecast Period |
2024 to 2031 |
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Historical Data Available for |
2019 to 2023 |
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Market Analysis |
US$ Billion for Value |
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Key Regions Covered |
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Key Market Segments Covered |
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Key Companies Profiled in the Report |
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Report Coverage |
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Customization and Pricing |
Available upon request |
By Product
By Type
By Application
By End User
By Region
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The market is predicted to reach a value of US$ 5.9 Bn by 2031.
They are medical devices designed to address and manage musculoskeletal issues.
They offer support and warmth to relieve aches and pains, assist in preventing injury, and aids in healing.
Orthotic braces or orthoses are used to provide support to a weakened joint or body part.
The market is estimated to experience a CAGR of 6.9% through the forecast period.
