Orthopedic Braces and Support System Market

Orthopedic Braces and Support System Market outlook

The global orthopedic braces and support system market was valued at around US$ 3 Bn in 2020, which amounts to around 11% share of the overall orthopedic devices market. Sales of orthopedic braces and support systems are slated to accelerate at a CAGR of 6% to top US$ 5.5 Bn by 2031. Demand for knee braces and supports is set to increase at a CAGR of 5% across the assessment period of 2021 to 2031.

Market Analysis	Values
Orthopedic Braces and Support System Market Size Value in 2020	US$ 3 Bn
Sales Forecast for Orthopedic Braces and Support Systems by 2031	US$ 5.5 Bn
Global Market Growth Rate (2021 to 2031)	6% CAGR
Share of Top 5 Companies	50%

Revenue Analysis of Orthopedic Braces and Support Systems (2016-2020) Vs Market Outlook (2021 to 2031)

As per Fact.MR, a market research and competitive intelligence provider, the global market for orthopedic braces and support systems was valued at US$ 3 Bn in 2020.

Growing prevalence of arthritis, spinal deformities, sciatic nerve, impaired muscle, paralysis, fractures, and strokes has led to an upsurge in demand for orthopedic braces & supports across regions.

Improper and heavy lifting leads to bulging or ruptured disks, scoliosis and stress-induced back pain. This is also a factor why demand for splints and braces is increasing.

Rising incidence of foot-related problems is fueling demand for orthopedic leg braces and other braces in orthopedics globally, thereby benefitting the splints and braces market on the whole.

Latest innovations in orthopedic braces and support systems, prominent presence of leading companies in the orthopedic braces & support system market, and growing demand for upper extremity braces and supports and post-operational knee braces are all expected to fuel market growth over the coming years, at a 6% CAGR through 2031.

Will Technological Advancements in Orthopedic Braces and Support Systems Fuel Market Growth?

Top manufacturers of orthopedic braces and supports are increasingly focusing on designing braces in orthopedics in line with smart technology. Some of the recently launched orthopedic products equipped with smart technology include step smart braces, smart AFO braces, and smart spine braces.

Companies operating in this industry are focusing on product innovation and developments to gain a competitive edge over other market players. To gain traction in the global market, companies are manufacturing smart braces with features that enable the skin to breathe and avoid developing bad smells.

Manufacturers are increasingly adopting anatomical modelling software applications and hypoallergenic materials for enhanced accuracy and efficiency in designing the product.

As these devices are lightweight and water resistant, the demand for hip, back, & spine braces and supports, lower spine braces and supports, and shoulder braces and supports is likely to increase in the healthcare industry.

What Barriers are Being Faced by Orthopedic Braces and Support System Manufacturers?

Orthopedic braces and support sales are being restrained by the widespread use of pain drugs. More people are relying on pain relievers for pains associated with orthopedic illnesses rather than using correct orthopedic products.

For the proper therapy of orthopedic ailments and diseases, the bracing products market is replied upon heavily, with physicians and orthopedic surgeons finding these products clinically important for specific circumstances.

Patients do not qualify for the use of bracing products in several cases. Due to the exertion of significant physical forces, which might enhance the severity of knee injuries, obese individuals are not permitted to use prophylactic knee braces.

Because of the significant muscle mass in the affected area, patients with edema and deconditioning are unable to use orthopedic braces resulting in the negative impact on orthopedic leg brace sales.

As a result, one of the key issues limiting the widespread adoption of bracing-mediated orthopedic treatment is a limited patient qualification, which is projected to hamper the orthopedic products industry.

Which Regional Market is the Most Profitable for Orthopedic Braces and Support System Manufacturers?

North America is likely to be a major revenue-generating region, with revenue growing 1.3X by 2031. Increased favorable reimbursement and insurance policies as well as government regulations for product commercialization are driving market growth.

Rise in musculoskeletal disorders and growing cases of sports-related injuries are factors fueling demand for orthopedic braces and supports in the region. Furthermore, presence of key companies with a large market share is another factor fueling the sales of knee braces for osteoarthritis and ligament injuries in the region.

Increasing sales of knee braces and supports in Spain, growing demand for OTC braces and supports in Germany, and rising demand for orthopedic braces and support systems in the U.K are all making a significant contribution to global market growth prospects for orthopedic braces and support systems.

Country-wise Analysis

What is the Demand Outlook for Orthopedic Braces and Support Systems in the U.S.?

The U.S. orthopedic braces and support system market is the largest in North America and is expected to increase 1.7X in valuation by 2031.

According to the United States Department of Health and Human Services, an estimated 8.6 million sports injuries occur each year in the country. Rising geriatric population is a contributing element boosting the demand for hinged braces and supports, hard braces and supports, and wrist braces and supports in the country.

Key manufacturers of orthopedic braces & supports, as well as startups, are attracting global firms to invest in the U.S. market. Owing to these factors, the United States is said to hold a considerable market share.

How Lucrative is the Market for Orthopedic Braces and Support Systems in China?

China has a large geriatric population, which drives demand for ankle braces and supports and upper spine orthoses. The market in China is expected to grow at a high rate because of well-developed healthcare infrastructure, modern products, and skilled experts.

Presence of modern manufacturing facilities and technologies as well as rising demand for advanced therapies and products are expected to boost sales of orthopedic braces and supports in China.

Category-wise Insights

Why are Knee Braces and Supports in Such High Demand?

Increasing instances of injuries in legs and knees has led to a surge in the sales of knee braces and supports. Sales of knee braces and supports are expected to increase by 2.5X over the forecast period.

Knee braces and supports are used as a post-operative treatment for injuries such as a sprained medial knee ligaments, anterior cruciate ligament (ACL) rupture, and posterior cruciate ligament (PCL) rupture. Knee braces provide pressure relief for arthritis-affected knee joints. Individuals with arthritis and other joint-related problems, athletes, and those who have undergone a knee surgery are among the most common users of knee braces and supports.

Knee braces and supports are becoming more popular due to the several benefits that they provide, including reduced knee rotation, lateral and medial support, protection from post-surgical injury risk, and injury prevention during movement.

Growing geriatric and obese population, attractive reimbursements for knee braces, and rise in the frequency of sporting injuries are factors driving demand for knee braces and supports.

Why is Demand for Orthopedic Braces and Support Systems Highest from Hospitals?

Due to an increase in the number of hospital admissions for the treatment of traumatic and spinal injuries, bone fractures, and injuries sustained in car accidents, hospitals hold a significant market share.

Orthopedic braces and support systems are used at hospitals for the treatment of orthopedic illnesses (such as osteoarthritis, osteoporosis, and fractures), as well as for prevention, post-operative patient physiotherapy, osteoarthritis treatment, and maxillofacial procedures. Because of their wide use in the treatment of spinal fusion and delayed union and nonunion bone fractures, orthopedic braces and support goods are most frequently used in hospitals.

Growing number of orthopedic surgery operations that require post-operative patient rehabilitation as well as appropriate reimbursements for specialized braces and supports are expected to boost consumption of orthopedic braces and supports at hospitals.

COVID-19 Impact on Industry

COVID-19 caused around 6.3 Mn orthopedic procedures to be postponed or cancelled worldwide, according to statistics revealed by the University of Birmingham and published in the British Journal of Surgery in May 2020.

In addition, orthopedic and small hospitals in a few places were closed down or had their operations reduced, while other hospitals were converted to containment facilities and treatment wards for COVID-19 patients.

However, as soon as restrictions were reduced, growing use of orthopedic braces & support systems and latest trends in facial braces and supports fueled demand for knee braces for osteoarthritis and ligament injuries and created a favorable environment for the growth of orthopedic braces & support system market size in 2021.

Competitive Landscape

The market is moderately competitive, with high presence of top manufacturers of ankle braces and supports and top distributors of foot walkers.

Major suppliers of orthopedic braces and support systems are concentrating on new product releases as well as mergers and acquisitions, which would help them expand across many regions.

With increasing technical improvements in devices, top manufacturers of wrist braces and supports are expected to enter the market in the near future and occupy a significant position in this space.

• In September 2020, DJO, a global provider, unveiled the new DonJoy X-ROM Post-Op Knee Brace. The X-ROM brace helps patients recover from ACL reconstruction and other knee surgeries with greater confidence, comfort, and stability thanks to DonJoy's most sophisticated range of motion (ROM) protection and improved user-friendly design for faster, easier administration and adjustment.

Orthopedic Braces and Support System Industry Report Scope

Attribute	Details
Forecast Period	2021-2031
Historical Data Available for	2016-2020
Market Analysis	Value in US$ Mn, Volume in Units
Key Regions Covered	North America Latin America Europe East Asia South Asia Oceania Middle East Africa
Key Countries Covered	U.S. Canada Mexico Brazil Mexico Argentina Germany Italy France U.K Nordic Spain Japan China India Malaysia Thailand Australia GCC Countries South Africa Turkey
Key Market Segments Covered	Product Type Application End User Region
Key Companies Profiled	BSN medical Inc. 3M Healthcare DJO Global Inc. Breg Inc. OSSUR Otto Bock Healthcare Zimmer Biomet Holdings, Inc. Bauerfeind AG Alcare Company Ltd Becker Orthopedic Frank Stubbs Company Inc. Bird and Cronin Inc. DeRoyal Industries Inc. Medi GmbH & Co. KG Trulife Inc.
Pricing	Available upon Request

Key Segments in Orthopedic Braces and Support System Industry Research

• Product

  • Knee Braces and Supports
  • Ankle Braces and Supports
  • Foot Walkers and Orthoses
  • Hip, Back, & Spine Braces and Supports
  • Shoulder Braces and Supports
  • Neck & Cervical Spine Braces and Supports
  • Hand & Wrist Braces and Supports
  • Others
    • Upper Extremity Braces and Supports
    • Lower Spine Braces and Supports
    • Upper Spine Orthoses
    • Elbow Braces and Supports
    • Facial Braces and Supports
    • Post-Operational Knee Braces
    • TLSOs
    • LSOs
    • Walker Boots
    • Pneumatic Walker Boots
    • Non-pneumatic Walker Boots

• Type

  • Soft & Elastic Braces and Supports
  • Hinged Braces and Supports
  • Hard Braces and Supports

• Application

  • Application of Orthopedic Braces and Support Systems in Preventive Care
  • Application of Orthopedic Braces and Support Systems in Ligament Injury
  • Application of Orthopedic Braces and Support Systems in Anterior Cruciate Ligament Injury
  • Application of Orthopedic Braces and Support Systems in Lateral Collateral Ligament Injury
  • Application of Orthopedic Braces and Support Systems in Post-operative Rehabilitation
  • Application of Orthopedic Braces and Support Systems in Osteoarthritis
  • Application of Orthopedic Braces and Support Systems in Compression Therapy

• End User

  • Use of Orthopedic Braces and Supports in Orthopedic Clinics
  • Use of Orthopedic Braces and Supports in Hospitals
  • Use of Orthopedic Braces and Systems at ASCs
  • Use of Orthopedic Braces and Systems in Home Care Settings
  • Over the Counter (OTC) Orthopedic Braces and Supports