The global orthopedic braces and supports market was valued at USD 4.44 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2030. This growth is primarily driven by several key factors, including technological advancements, an increasing number of sports and accident-related injuries, a growing geriatric population, and rising public awareness of preventive care in orthopedic health. These elements are encouraging the development of innovative orthopedic products and solutions that aim to improve patient outcomes. For example, the Population Reference Bureau reports that the U.S. population aged 65 and older is expected to increase from 58 million in 2022 to 82 million by 2050, which signals a growing demand for orthopedic support products as this demographic is more prone to musculoskeletal issues.

The increasing popularity of sports and fitness activities has also led to a rise in injuries associated with these pursuits, contributing significantly to the demand for orthopedic braces and supports. Athletes engaged in sports such as cycling, running, and other fitness-related activities are at higher risk for physical injuries, including ligament injuries. Indoor sports participants, in particular, face an increased risk of ankle ligament tears, thereby driving the need for ankle braces. For instance, the National Safety Council reported that the U.S. saw 445,642 exercise-related injuries in 2022, slightly up from 409,224 in 2021. Ankle braces are often recommended for recovery from acute ankle sprains, allowing athletes to restrict undesired movements during activity and recover with greater ease and comfort. These braces help prevent further injuries by providing necessary support, promoting ease of movement, and adding a layer of protection.

The market demand for orthopedic products, including postoperative bracing solutions and unloader braces for osteoarthritis (OA), is also being fueled by the increasing popularity of amateur sports and heightened activity levels in general. This trend, combined with the rising geriatric population, points to a growing need for orthopedic braces as older individuals are generally more susceptible to musculoskeletal conditions. The rising number of orthopedic surgeries further supports this demand, as postoperative bracing solutions play a crucial role in the recovery process.

Gather more insights about the market drivers, restrains and growth of the Orthopedic Braces And Supports Market

Regional Insights

North America:

North America led the market with a revenue share of 33.7% in 2023. This regional dominance is due to several factors, including the advanced healthcare infrastructure, which features technologically equipped hospitals in both the U.S. and Canada. Additionally, the region’s aging population and high prevalence of chronic orthopedic conditions contribute to an increased volume of orthopedic surgeries. America's Health Rankings 2022 data indicates that in the U.S. alone, there are approximately 58 million adults aged 65 and older, many of whom are more susceptible to orthopedic issues. Supporting this trend, Becker’s Orthopedic Review reported in March 2022 that around 1 million hip and knee arthroplasties were performed in the U.S. in 2021. This high volume of orthopedic procedures reflects the significant demand for orthopedic supports and braces to aid recovery and improve patient outcomes, driving further growth in the market.

Asia Pacific:

Asia Pacific is anticipated to experience the highest CAGR over the forecast period, driven by substantial investments in healthcare infrastructure and the expansion of geographic footprints by major companies. For instance, in December 2023, Tynor Orthotics, a prominent orthotic appliance brand, invested Rs. 800 crore into a new orthopedic manufacturing facility in Punjab, India. The region's growth is also supported by factors such as an increasing prevalence of obesity, a growing elderly population, and rising healthcare expenditure in countries like India, China, and Japan. This combination of investment in healthcare facilities and a growing need for orthopedic care due to demographic and lifestyle factors is expected to fuel the demand for braces and supports throughout the Asia Pacific region.

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Key Companies & Market Share Insights

• The orthopedic braces and supports market features prominent players such as BREG, Inc., Össur, DeRoyal Industries, Inc., and DJO, LLC (Enovis), who hold a substantial share due to their established presence and wide-ranging product portfolios. Emerging companies like Frank Stubbs Company Inc., Weber Orthopedic LP, and Ottobock are also making their mark by introducing specialized products, which add to the competitive landscape of this expanding market.

• BREG, Inc. is a key player known for its extensive range of sports medicine products, including braces for the hip, knee, spine, elbow, ankle, and foot. The company has successfully leveraged its well-established distribution network, which spans over 100 distributors across 36 countries, to strengthen its global reach. By continuously expanding its geographical footprint, BREG, Inc. caters to both developed and emerging markets, capitalizing on rising demand for orthopedic supports worldwide. This robust distribution capability allows BREG to rapidly respond to market needs and stay competitive in various economies.

• Frank Stubbs Company Inc., an emerging player in the orthopedic supports sector, focuses on designing and manufacturing products tailored for the plastic surgery market, such as orthopedic supports, binders, and compression garments. By specializing in these targeted offerings, Frank Stubbs Company Inc. has differentiated itself in a niche within the broader orthopedic market, serving a unique segment with products designed to meet specific medical needs. Their specialization in compression garments and support devices for post-operative use highlights their commitment to quality and specialized care, setting them apart as a versatile and adaptive player in the industry. These companies, along with other notable players like Össur and DJO, LLC, contribute to a diverse market landscape where innovation, strong distribution networks, and specialization play pivotal roles in meeting the varied demands of orthopedic care across global markets. As these companies continue to focus on strategic growth initiatives and product development, the orthopedic braces and supports market is expected to experience sustained growth and competitiveness.

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Key Orthopedic Braces And Supports Companies:

• BREG, Inc.
• Frank Stubbs Company Inc.
• DeRoyal Industries, Inc.
• ÖssurFillauer LLC
• Ottobock
• McDavid
• Bauerfeind
• Weber Orthopedic LP
• DJO, LLC (Enovis)

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