top of page
Writer's picturerp4258723

Orthopedic Braces & Supports Market worth $5.1 billion by 2029

The global orthopedic braces and supports market is projected to reach USD 5.1 billion by 2029, up from USD 3.6 billion in 2023, at a CAGR of 7.2%. We have observed that bracing products are increasingly used in musculoskeletal and soft tissue applications driven by the market availability of lightweight and customizable products and the rising number of sports and other injuries and related orthopedic surgical procedures. These trends are further augmented by the customer shift toward off-the-shelf/OTC products, integration of smart textiles with bracing products (such as glucose or heart rate monitors), and continued reimbursement coverage in prominent markets. Some of the noteworthy start-ups reported in the market include Roam Robotics, Sensoria Health, ActiveOrtho, Orpyx, Myomo, Exos, and Ossur.

Orthopedic Braces and Supports Market Segmentation & Geographical Spread


Download PDF Brochure:


Market Dynamics

 Drivers

  • Increasing prevalence of orthopedic diseases and disorders

  • Continuous product commercialization

  • Growing product affordability and availability

  • Rising number of sports and accident-related injuries

  • Growing public awareness about preventive care

 Restraints

  • Limited patient qualification for bracing-mediated orthopedic treatment

  • Limited clinical evidence of therapeutic efficacy

 Opportunities

  • Increased sales of off-the-shelf and online products

  • Expansion and promotion initiatives by major manufacturers

 Challenges

  • Significant adoption of pain medication

  • Product comfort and compliance


North America is expected to be the largest market of orthopedic braces & supports industry during the forecast period.

North America, comprising the US and Canada, accounted for the largest share of the orthopedic braces & supports market in 2022. The faster growth of the orthopedic braces and supports imaging market in North America can be attributed to its technological leadership, robust healthcare infrastructure, high market demand driven by prevalent diseases and an aging population, ample financial resources for advanced medical equipment investment, established regulatory frameworks ensuring safety and quality, active research collaboration, insurance coverage for advanced diagnostics, patient expectations for comprehensive care, and a competitive market environment fostering innovation.


As of 2022, prominent players in the market are 3M (US)Essity (Sweden)DJO LLC (US)Ossur HF (Iceland), Breg, Inc. (US), Bauerfeind AG (Germany), Devicor Medical Products, Inc., (Leica Biosystems) (Germany), Hologic, Inc. (US), Argon Medical Devices (US), Zimmer Biomet (US), Ottobock Healthcare (Germany), Thuasne (France), ALCARE Co., Ltd (Japan), Nippon Sigmax (Japan), Bird & Cronin (US), DeRoyal Industries (US), medi GmbH (Germany), and Foundation Wellness (US)


Recent Developments of Orthopedic Braces & Supports Industry:

  • In January 2022, Össur announced the launch of the ReLeaf Active knee brace, designed to provide pain relief and support for patients with osteoarthritis. The brace features a unique hinge design that mimics the natural movement of the knee, and it is made from lightweight, breathable materials for comfort.

  • In August 2022, DonJoy announced the launch of the Vizor 120 ankle brace, a lightweight and comfortable brace that provides support and stability for patients with ankle sprains. The brace features a unique air-filled pad that conforms to the shape of the ankle, and it is made from breathable materials to keep the foot cool and dry.

1 view0 comments

Recent Posts

See All

Comments


bottom of page