What Has Been the Growth of the Orthopedic Braces And Support Devices And Equipment Market So Far?
The orthopedic braces and support devices and equipment market has seen considerable growth due to a variety of factors.
• The market for orthopedic braces, support devices, and equipment has seen consistent growth in the past few years. It's projected to increase from $4.01 billion in 2024 to $4.2 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 4.9%.
The expansion witnessed during the historic period is linked to factors such as the aging population, instances of orthopedic injuries, the increasing focus on rehabilitation and physical therapy, as well as lifestyle and fitness trends.
What Is the Forecasted Market Size and Growth Rate for The Orthopedic Braces And Support Devices And Equipment Market Size In The Coming Years?
The orthopedic braces and support devices and equipment market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, we anticipate steady expansion in the market for orthopedic braces and support devices and equipment. This market is projected to reach $5.05 billion in 2029, with a compound annual growth rate (CAGR) of 4.7%.
The growth during this forecast period can be linked to the expansion of emerging markets, regulatory support and reimbursement, value-based healthcare, and personalized medicine. Key trends during this forecast period encompass smart orthopedic braces, 3D printing, lightweight and breathable materials, tele-rehabilitation, and remote monitoring.
What Factors Are Driving Growth In The Orthopedic Braces And Support Devices And Equipment Market?
The orthopedic braces and support devices and equipment market is being spurred on by an increase in the elderly population. Older individuals are susceptible to injuries due to the gradual weakening of their bones and connective tissues as they age. For instance, in the US, osteoarthritis affects approximately 70% of people aged between 50 and 70 years. It's predicted that this figure will increase in the future, and this is a significant factor in the market's growth.
What Are The Main Segments Of The Global Orthopedic Braces And Support Devices And Equipment Market?
The orthopedic braces and support devices and equipment market covered in this report is segmented –
1) By Type: Lower extremity braces, Upper extremity braces, Back and hip braces, Other braces
2) By Product: Soft And Elastic Braces and Supports, Hinged Braces and Supports, Hard And Rigid Braces and Supports
3) By End User: Hospitals, Home Healthcare, Clinics, Other End-Users
Subsegments:
1) By Lower Extremity Braces: Knee Braces, Ankle Braces, Foot Braces, Thigh Braces
2) By Upper Extremity Braces: Elbow Braces, Wrist Braces, Shoulder Braces, Hand Braces
3) By Back And Hip Braces: Lumbar Braces, Sacral Braces, Pelvic Braces, Hip Braces
4) By Other Braces: Neck Braces, Spinal Braces, Rib Braces
Pre-Book The Orthopedic Braces And Support Devices And Equipment Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Emerging Trends Are Influencing The Growth Of The Orthopedic Braces And Support Devices And Equipment Market?
Key players in the orthopedic braces and supports devices and equipment marketplace are concentrating on the creation of cutting-edge products, such as brace systems using unloader technology, to offer effective pain mitigation and improved mobility for osteoarthritis patients without requiring surgical intervention. Unloader technology-based brace systems in orthopedic braces and support devices aim to improve mobility and relieve pain by transferring weight away from damaged or arthritic joints, allowing for force redistribution to aid healing and boost functional efficiency. For instance, the DonJoy Roam OA knee brace was introduced by Enovis Corporation, an American medical technology firm, in January 2024. This brace includes features such as 'Mag-align' magnetic clips for ideal strap positioning, Set-and-Forget tech for straightforward application, and the BOA Fit System for adjustable support. These high-tech attributes heighten patient comfort and assurance, while effectively providing unloading and stabilization, enabling individuals to sustain or heighten their physical activity.
Who Are the Key Players In The Orthopedic Braces And Support Devices And Equipment Market?
Major companies operating in the orthopedic braces and support devices and equipment market include:
• DJO Global
• Bauerfeind AG
• Otto Bock Healthcare GmbH
• Breg Inc.
• Ossur Hf
• DeRoyal Industries Inc.
• BSN medical GmbH
• Medi GmbH & Co. KG
• THUASNE Group
• 3M Company
• Lohmann & Rauscher International
• Alcare Company Ltd.
• McDavid Knee Guard Inc.
• FLA Orthopedics Inc.
• Frank Stubbs Co. Inc.
• Zimmer Biomet Holdings Inc.
• Ortec B.V.
• Tynor Orthotics
• DUK-IN
• Prime Medical Inc.
• Adhenor
• Aspen Medical Products
• Rcai
• Truelife
• Shanghai Huici Medical Technology Co. Ltd.
• Dynamic Techno Medicals Pvt. Ltd.
• Hely & Weber Orthopedics
• Mueller Sports Medicine Inc.
• Procare Software LLC
• Scheck & Siress Prosthetics Inc.
• Townsend Design
What Is The Most Dominant Region In The Orthopedic Braces And Support Devices And Equipment Market?
North America was the largest region in global orthopedic devices and equipment market in 2023. Western Europe was the second-largest region in global orthopedic devices and equipment market. The regions covered in the orthopedic braces and support devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
