Orthopedic Braces and Supports Market Size to Worth US$ 12 Billion by 2030

According to Vision Research Reports, the global orthopedic braces And supports market size is expected to be worth around US$ 12 billion by 2030 from valued at US$ 5.5 billion in 2020 and is anticipated to grow at a CAGR of 7.4% during forecast period 2022 to 2030.

As per the article entitled ‘Vertebral Compression Fractures’ published in December 2020, approximately 1 to 1.5 million vertebral compression fractures (VCF) occur annually in the United States alone. Based on the age and sex-adjusted incidence, it is estimated that 25% of women aged 50 years and older have at least one VCF. In addition, the lifetime risk for hip, forearm, and vertebral fractures is reaching clinical attention of about 40% globally, which has an equivalent risk compared to cardiovascular diseases.

Growth Factors

The key factors driving the market growth include the rising prevalence of chronic diseases such as osteoarthritis and rheumatoid arthritis, the incidence of trauma & injury, and technological advancements. In December 2021, Nan yang Technological University, Singapore, and an engineering firm developed X-Brace - a knee brace that is 30.0% lighter than conventional knee braces. It is distributed by a subsidiary of Delsson- Wearable Kinetics.

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The COVID-19 resulted in a dip in demand for orthopedic braces and supports. This was due to the movement restrictions and social distancing measures implemented at local, national, and regional levels. The pandemic also led to supply chain hurdles, decreased sales & marketing activities, and operational challenges. As per the National Safety Council, sports and recreational injuries reduced by around 27.0% in 2020.

Injuries associated with lacrosse, hockey, track & field, baseball, softball, soccer, football, and basketball decreased by more than 60.0% from March to September 2020. This was attributed to the suspension of school and youth sports leagues leading to decreased visits to emergency departments. However, the demand recovered to pre-COVID levels as social distancing measures were eased and hospital and clinic visits resumed.

Osteoporosis is considered one of the leading causes of musculoskeletal or joint disorders in geriatric populations, leading to the need for orthopedic braces. The products restrict mobility to a particular direction, thereby, assisting the overall movement of a patient. The geriatric population base exhibits the highest incidences of musculoskeletal disorders. Thus, this group population plays a vital role in accelerating the demand for the products.

Aging leads to significant changes in the skeletal and neuromuscular systems, resulting in weak ligaments, arthritis, and Anterior Cruciate Ligament (ACL) tear. The geriatric population is also expected to grow at an unprecedented rate in the years to come. This factor is anticipated to propel the product demand in the orthopedic braces and supports market.

High incidences of sport-related injuries are another leading cause of disability, pain, or restricted movement. As per the study published in the Environment Research and Public Health Journal in May 2021, 40.4% of study participants suffered an injury in 2019. Amongst these, 39.0% were found to be injured in a previously injured area. Around 12.24% were found to suffer from lumbar muscle strains, 11.98% injuries were from ankle sprains, and 9.31% injuries were bone fractures.

Higher rates of injury were found to be associated with using inadequate sports facilities, the greater number of practice hours per week, ages of 14 to 17, inappropriate training loads, and not performing injury-preventive activities. All these risk factors along with the growing incidence of injuries are estimated to propel the demand for orthopedic braces and supports.

Scope of The Report

Product Insights

Based on the products, the braces & supports type segment held the largest market share in 2021 owing to a rise in injuries and orthopedic disorders, such as arthritis. Braces & supports type segment is further segmented into the knee, ankle, back, upper extremity braces and supports, and walking boots. The rising prevalence of knee, ankle, and upper extremity-related disorders and injuries has led to a huge demand for these products.

In 2021, pain management products held a significant market share due to the growing prevalence of pain-related disorders and demand for the treatment of chronic back and joint pain. This segment is sub-divided into cold therapy and Deep Vein Thrombosis (DVT) products.

Knee braces and supports held the largest revenue share in 2021, owing to a rising number of the target population affected by knee joint-related ailments. Knee braces help in pressure relief from knee joints affected by arthritis. These products are majorly used by individuals suffering from arthritis and other joint-related disorders, sports players, and patients who have undergone knee surgery.

Walking boots are recommended by the doctors for stabilization of fractures, sprains, ligament injuries, or tendon tears in the foot or ankle region. However, its limited usage has led to the low revenue generation of this segment. Walking boots are further segmented into pneumatic and non-pneumatic boots.

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End-User Insights

Based on end-use, the orthopedic braces and support systems market is classified into orthopedic clinics, hospitals, Over-the-Counter (OTC), DME Dealers, and other facilities. In 2021, orthopedic clinics held the largest market share of more than 28.0%. This is due to the orthopedic clinics being the primary point of care for patients suffering from musculoskeletal pain. Hospitals held a significant market share owing to a large number of patients seeking treatment at hospitals, especially in case of traumatic injuries. These may range from spinal injuries, bone fractures, and injuries suffered in road accidents.

OTC-related orthopedic braces are projected to exhibit lucrative growth during the forecast period due to the easy availability of these products in retail pharmacies. Patients with acute muscle pain prefer availing products OTC. These products reduce the recovery time and facilitate rapid treatment for the damaged parts of muscles and joints. Initiatives by key companies are estimated to propel market growth. To distribute its product lines within the country, companies partnered with Club Warehouse in Australia, in February 2021.

This enabled the company to offer its portfolio to various orthopedic practices and sports organizations including the National Rugby League (NRL), Australian Football League (AFL), and Rugby Union Clubs.

Regional Insights

North America dominated the global orthopedic braces and supports market in 2021. It held a large share of the North American region due to the presence of key players and technologically equipped hospitals within the U.S. and Canada. Europe held the second-largest share of the market due to an aging population and prevalence of chronic conditions resulting in an increasing number of surgeries.

Furthermore, the growing geriatric population is another factor attributed to the growth of the market. As per the World Population Aging report, in the United States, the number of people above 65 years of age is projected to reach 84,813 thousand by 2030, from 53,340 thousand in 2019, and the 65-and-older age group’s share in the total population may rise from 16.2% in 2019 to 22.4%, by 2050. As this population is more prone to pain, arthritis, joint pain, and other non-fatal pain and injuries, this is expected to drive the growth of the market in the region.

As stated by the Federal Statistical Office almost 17. 2 million surgeries were performed in Germany in 2019. Out of these, intestinal, spinal, endoscopic surgeries, and hip implant surgeries were some of the most common. This is estimated to contribute to the region’s share.

Asia Pacific is estimated to expand at the fastest CAGR of more than 9.0% during the next few years. This is owing to investments by the companies to expand their regional presence and develop healthcare infrastructure. For example, the All India Institute of Medical Sciences (AIIMS) in Bhubaneswar India, procured Medtronic accessories and consumables for cautery machine with vessel sealing in January 2021 through the company’s authorized representative in the country- SushrutaSurgicalsPvt. Ltd. The products were intended to equip the institute’s Department of Surgical Oncology.

Key Players

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

Market Segmentation

• Product Outlook
  • Brace Type
    • Knee Braces & Supports
      • Knee Braces for Osteoarthritis and Ligament Injuries
      • Post-Operational Knee Braces
    • Back Braces & Supports
      • Upper Spine Orthoses
      • TLSOs
      • LSOs
      • Others
    • Ankle Braces & Supports
      • Soft Braces
      • Hinged Braces
    • Walker Boots
      • Pneumatic
      • Non-pneumatic
    • Upper Extremity Braces & Supports
      • Elbow Braces & Supports
      • Wrist Braces & Supports
      • Others
  • Pain Management Products
    • Cold Therapy Products
    • DVT Products
• End Use Outlook
  • Orthopedic Clinics
  • Over the Counter (OTC)
  • Hospitals
  • Others
• Regional Outlook
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

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