Orthopedic Braces and Support Market - By Category (Lower Body Extremities, Upper Body Extremities, Spine and Back), Type (Soft, Rigid, Hinged), Application (Ligament Injury, Osteoarthritis), Patient, Distribution Channel - Global Forecast 2024

Description

Global Orthopedic Braces and Support Market will grow at 5.8% CAGR during 2024-2032, driven by increasing incidence of osteoarthritis, sports injuries, and musculoskeletal disorders, and advancements in medical technology and materials.

With the aging population and the increasing adoption of sedentary lifestyles, the incidence of orthopedic ailments like osteoarthritis, sports injuries, and musculoskeletal disorders is witnessing a notable surge. According to the Institute for Health Metrics & Evaluation, in 2023, cases of other musculoskeletal disorders are expected to surge by 115% from 2020 to 2050, reaching an estimated 1060 million prevalent cases by 2050.

This growing trend has led to a heightened demand for orthopedic braces and support devices across various demographics, making it a primary catalyst for market expansion. As individuals seek effective solutions to alleviate pain, enhance mobility, and stabilize injured or weakened joints, the market for orthopedic braces and support devices continues to thrive. Additionally, advancements in medical technology and materials have further propelled market growth by offering innovative products that cater to diverse patient needs.

The Orthopedic Braces and Support Market is classified based on category, type, application, patient, distribution channel, and region.

Spine and back braces segment will witness a surge in demand over 2024-2032, propelled by the prevalence of spine-related conditions like back pain and herniated discs. These orthopedic braces provide crucial support, stability, and pain relief, catering to the needs of individuals suffering from spinal issues and contributing to market growth in this segment.

The Orthopedic Braces and Support Market Share from the rigid orthopedic braces segment will grow substantially by 2032 due to their effectiveness in providing sturdy support and immobilization for injured or unstable joints. Widely used in the treatment of fractures, ligament injuries, and post-operative rehabilitation, rigid braces are driving market growth by addressing the demand for reliable orthopedic support devices.

Asia Pacific Orthopedic Braces and Support Devices Industry will gain traction through 2032, driven by the growing elderly population, rising sports participation, and increasing awareness of orthopedic conditions. Countries like China, India, and Japan are witnessing a surge in orthopedic treatments, fueling demand for orthopedic braces and support devices in the region. Furthermore, the rising prevalence of chronic orthopedic conditions, such as osteoarthritis and rheumatoid arthritis, is driving the need for orthopedic solutions, further fueling market growth in the region.

Product Code: 8057

Chapter 1 Methodology & Scope

1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Data collection
1.4 Forecast parameters
1.5 Data validation
1.6 Data sources
- 1.6.1 Primary
- 1.6.2 Secondary
  - 1.6.2.1 Paid sources
  - 1.6.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Industry 360 degree synopsis

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Rising public awareness pertaining to preventive care
  - 3.2.1.2 Increasing prevalence of orthopedic diseases and disorders
  - 3.2.1.3 Growing number of road accidents and sport-related injuries
  - 3.2.1.4 Technological advancements
- 3.2.2 Industry pitfalls & challenges
  - 3.2.2.1 Lack of awareness regarding the new orthopedic braces and supports
3.3 Growth potential analysis
3.4 Porter's analysis
- 3.4.1 Supplier power
- 3.4.2 Buyer power
- 3.4.3 Threat of new entrants
- 3.4.4 Threat of substitutes
- 3.4.5 Industry rivalry
3.5 PESTEL analysis
3.6 Reimbursement scenario
3.7 Regulatory landscape
3.8 Technological landscape
3.9 Future market trends
3.10 Gap analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company matrix analysis
4.3 Company market share analysis
4.4 Competitive positioning matrix
4.5 Strategy dashboard

Chapter 5 Market Estimates and Forecast, By Category, 2018 - 2032 ($ Mn)

5.1 Key trends
5.2 Lower body extremities
- 5.2.1 Knee
- 5.2.2 Ankle and foot
- 5.2.3 Other lower body extremities
5.3 Upper body extremities
- 5.3.1 Hand and wrist
- 5.3.2 Elbow
- 5.3.3 Shoulder
- 5.3.4 Other upper body extremities
5.4 Spine and back

Chapter 6 Market Estimates and Forecast, By Type, 2018 - 2032 ($ Mn)

6.1 Key trends
6.2 Soft
6.3 Rigid
6.4 Hinged

Chapter 7 Market Estimates and Forecast, By Application, 2018 - 2032 ($ Mn)

7.1 Key trends
7.2 Ligament injury
7.3 Osteoarthritis
7.4 Post-operative rehabilitation
7.5 Preventive care
7.6 Compression therapy
7.7 Other applications

Chapter 8 Market Estimates and Forecast, By Patient, 2018 - 2032 ($ Mn)

8.1 Key trends
8.2 Adult
8.3 Pediatric

Chapter 9 Market Estimates and Forecast, By Distribution Channel, 2018 - 2032 ($ Mn)

9.1 Key trends
9.2 Hospitals
9.3 Orthopedic centers
9.4 Pharmacies and retailers
9.5 E-commerce platforms
9.6 Other distribution channels

Chapter 10 Market Estimates and Forecast, By Region, 2018 - 2032 ($ Mn)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 Germany
- 10.3.2 UK
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 Japan
- 10.4.3 India
- 10.4.4 Australia
- 10.4.5 South Korea
- 10.4.6 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
- 10.5.4 Rest of Latin America
10.6 Middle East and Africa
- 10.6.1 Saudi Arabia
- 10.6.2 South Africa
- 10.6.3 UAE
- 10.6.4 Rest of Middle East and Africa

Chapter 11 Company Profiles

11.1 3M Company
11.2 Bauerfeind
11.3 Becker Orthopedic
11.4 Bird & Cronin, LLC.
11.5 DeRoyal Industries, Inc.
11.6 Enovis Corporation
11.7 Essity Health & Medical
11.8 Frank Stubbs Company Inc.
11.9 Medi GmbH & Co. KG
11.10 Ossur
11.11 Ottobock SE & Co. KGaA
11.12 Zimmer Biomet Holdings, Inc.

Orthopedic Braces and Support Market - By Category (Lower Body Extremities, Upper Body Extremities, Spine and Back), Type (Soft, Rigid, Hinged), Application (Ligament Injury, Osteoarthritis), Patient, Distribution Channel - Global Forecast 2024 - 2032