Market Overview:
The global orthopedic braces and support systems market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of musculoskeletal disorders, rising geriatric population, and technological advancements in orthopedic braces and support systems. Based on type, the global orthopedic braces and support systems market is segmented into knee braces and supports, foot and ankle braces and supports, spinal orthoses, upper extremity braces and supports. Knee brace & support segment held the largest share of the global Orthopedic Braces & Support Systems Market in 2017 owing to high prevalence rate of knee injuries across all age groups. Foot & ankle brace & support segment is projected to grow at highest CAGR during forecast period due to increasing incidence rates of foot & ankle injuries among athletes as well as general population. Spinal Orthoses are devices used for immobilization or correction of spinal deformities or instability .Upper extremity brace&support are used for stabilizationof shoulder ,elbow ,wristand hand .These devices helps in prevention offurtherinjuryand provides pain relief .
Product Definition:
Orthopedic braces and support systems are devices that are used to help stabilize or support the body's joints and muscles. They may be used to treat conditions such as arthritis, bursitis, or carpal tunnel syndrome, or to provide extra stability for athletes who have suffered an injury. Orthopedic braces and support systems can be made from a variety of materials, including metal, plastic, cloth, or leather. They are typically adjustable so that they can be customized to fit the individual's needs.
Knee Braces and Supports:
Knee braces and support systems are used by patients suffering from knee OA, arthritis or any other injury to reduce pain and swelling caused by joint instability. The global knee braces and support systems market is expected to grow at a significant rate over the forecast period owing to increasing geriatric population base, rising prevalence of osteoarthritis (OA) & rheumatoid arthritis worldwide coupled with technological advancements in orthopedic devices.
Foot and Ankle Braces and Supports:
Foot and ankle braces and supports are used in orthopedic braces and support systems to provide stability, comfort, pain relief, motion control, and protection to the injured foot or ankle. Foot & ankle braces can be categorized into rigid insoles/plates or soft tissue support as per the requirements of the patient.
Application Insights:
The orthopedic clinics segment dominated the market in 2017 and is expected to maintain its lead over the forecast period. This can be attributed to factors such as increasing number of hospitals, rising prevalence of diseases and favorable government initiatives. For instance, according to a study published by NCBI in 2018, around 54 million people aged 65 or above were registered in India which is expected to increase rapidly leading to increased demand for orthopedic care over the coming years.
OTC application accounted for a significant share owing to high product penetration along with growing awareness about knee injuries among athletes and common man alike. According these braces are affordable than other options available at hospital or clinic settings thus preferred by many patients who have minor injuries or ailments that don't qualify them for an operation but need support during physical activities like running, jumping etcetera (referred as sports related injuries).
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare facilities, favorable reimbursement policies, and increasing awareness about orthopedic conditions are some of the major factors responsible for its continued dominance over the forecast period. Moreover, growing preference for metal-free products is expected to drive regional growth during the forecast period.
Asia Pacific is anticipated to be one of fastest growing regions during the same period owing to rising geriatric population and improving economic conditions in countries such as India and China. In addition, a large number of patients suffering from osteoporosis are also contributing towards regional growth due to increased usage of bone density testing services which will further boost revenue generation opportunities in this region over the next eight years.
Growth Factors:
- Increasing incidence of sports injuries: The increasing incidence of sports injuries is one of the key growth drivers for the orthopedic braces and support systems market. According to a study by the Centers for Disease Control and Prevention (CDC), in the U.S., an estimated 2 million people get injured while playing sports every year, which leads to approximately 300,000 hospital visits. This number is expected to rise in future due to the increasing popularity of sports among people across all age groups. This will create demand for orthopedic braces and support systems, which can help in preventing or reducing these injuries.
- Rising geriatric population: The global geriatric population is growing at a rapid pace and is expected to reach 2 billion by 2050. This will create a large pool of patients with musculoskeletal disorders, who will require treatment including orthopedic braces and support systems products..
Scope Of The Report
Report Attributes
Report Details
Report Title
Orthopedic Braces And Support Systems Market Research Report
By Type
Knee Braces and Supports, Foot and Ankle Braces and Supports, Spinal Orthoses, Upper Extremity Braces and Supports
By Application
Orthopedic Clinics, Over the Counter (OTC), Hospitals, Others
By Companies
Breg, Inc., DeRoyal Industries, Inc., DJO Global, Inc., Bauerfeind AG, Alcare Company Ltd., Otto Bock Healthcare GmbH, Össur Corporate, FLA Orthopedics, Inc., Frank Stubbs Co., Inc., McDavid Knee Guard, Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Orthopedic Braces And Support Systems Market Report Segments:
The global Orthopedic Braces And Support Systems market is segmented on the basis of:
Types
Knee Braces and Supports, Foot and Ankle Braces and Supports, Spinal Orthoses, Upper Extremity Braces and Supports
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Orthopedic Clinics, Over the Counter (OTC), Hospitals, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Breg, Inc.
- DeRoyal Industries, Inc.
- DJO Global, Inc.
- Bauerfeind AG
- Alcare Company Ltd.
- Otto Bock Healthcare GmbH
- Össur Corporate
- FLA Orthopedics, Inc.
- Frank Stubbs Co., Inc.
- McDavid Knee Guard, Inc.
Highlights of The Orthopedic Braces And Support Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Knee Braces and Supports
- Foot and Ankle Braces and Supports
- Spinal Orthoses
- Upper Extremity Braces and Supports
- By Application:
- Orthopedic Clinics
- Over the Counter (OTC)
- Hospitals
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Orthopedic Braces And Support Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Orthopedic braces and support systems are devices that help to correct deformities in the bones of the body. These devices can be used to improve the function of muscles and tendons, as well as reduce pain. Orthopedic braces and support systems are typically worn for a period of time, usually around six months to two years.
Some of the key players operating in the orthopedic braces and support systems market are Breg, Inc., DeRoyal Industries, Inc., DJO Global, Inc., Bauerfeind AG, Alcare Company Ltd., Otto Bock Healthcare GmbH, –ssur Corporate, FLA Orthopedics, Inc., Frank Stubbs Co., Inc., McDavid Knee Guard, Inc..
The orthopedic braces and support systems market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Orthopedic Braces And Support Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Orthopedic Braces And Support Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Orthopedic Braces And Support Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Orthopedic Braces And Support Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Orthopedic Braces And Support Systems Market Size & Forecast, 2018-2028
4.5.1 Orthopedic Braces And Support Systems Market Size and Y-o-Y Growth
4.5.2 Orthopedic Braces And Support Systems Market Absolute $ Opportunity
Chapter 5 Global Orthopedic Braces And Support Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Orthopedic Braces And Support Systems Market Size Forecast by Type
5.2.1 Knee Braces and Supports
5.2.2 Foot and Ankle Braces and Supports
5.2.3 Spinal Orthoses
5.2.4 Upper Extremity Braces and Supports
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Orthopedic Braces And Support Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Orthopedic Braces And Support Systems Market Size Forecast by Applications
6.2.1 Orthopedic Clinics
6.2.2 Over the Counter (OTC)
6.2.3 Hospitals
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Orthopedic Braces And Support Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Orthopedic Braces And Support Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Orthopedic Braces And Support Systems Analysis and Forecast
9.1 Introduction
9.2 North America Orthopedic Braces And Support Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Orthopedic Braces And Support Systems Market Size Forecast by Type
9.6.1 Knee Braces and Supports
9.6.2 Foot and Ankle Braces and Supports
9.6.3 Spinal Orthoses
9.6.4 Upper Extremity Braces and Supports
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Orthopedic Braces And Support Systems Market Size Forecast by Applications
9.10.1 Orthopedic Clinics
9.10.2 Over the Counter (OTC)
9.10.3 Hospitals
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Orthopedic Braces And Support Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Orthopedic Braces And Support Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Orthopedic Braces And Support Systems Market Size Forecast by Type
10.6.1 Knee Braces and Supports
10.6.2 Foot and Ankle Braces and Supports
10.6.3 Spinal Orthoses
10.6.4 Upper Extremity Braces and Supports
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Orthopedic Braces And Support Systems Market Size Forecast by Applications
10.10.1 Orthopedic Clinics
10.10.2 Over the Counter (OTC)
10.10.3 Hospitals
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Orthopedic Braces And Support Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Orthopedic Braces And Support Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Orthopedic Braces And Support Systems Market Size Forecast by Type
11.6.1 Knee Braces and Supports
11.6.2 Foot and Ankle Braces and Supports
11.6.3 Spinal Orthoses
11.6.4 Upper Extremity Braces and Supports
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Orthopedic Braces And Support Systems Market Size Forecast by Applications
11.10.1 Orthopedic Clinics
11.10.2 Over the Counter (OTC)
11.10.3 Hospitals
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Orthopedic Braces And Support Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Orthopedic Braces And Support Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Orthopedic Braces And Support Systems Market Size Forecast by Type
12.6.1 Knee Braces and Supports
12.6.2 Foot and Ankle Braces and Supports
12.6.3 Spinal Orthoses
12.6.4 Upper Extremity Braces and Supports
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Orthopedic Braces And Support Systems Market Size Forecast by Applications
12.10.1 Orthopedic Clinics
12.10.2 Over the Counter (OTC)
12.10.3 Hospitals
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Orthopedic Braces And Support Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Orthopedic Braces And Support Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Orthopedic Braces And Support Systems Market Size Forecast by Type
13.6.1 Knee Braces and Supports
13.6.2 Foot and Ankle Braces and Supports
13.6.3 Spinal Orthoses
13.6.4 Upper Extremity Braces and Supports
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Orthopedic Braces And Support Systems Market Size Forecast by Applications
13.10.1 Orthopedic Clinics
13.10.2 Over the Counter (OTC)
13.10.3 Hospitals
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Orthopedic Braces And Support Systems Market: Competitive Dashboard
14.2 Global Orthopedic Braces And Support Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Breg, Inc.
14.3.2 DeRoyal Industries, Inc.
14.3.3 DJO Global, Inc.
14.3.4 Bauerfeind AG
14.3.5 Alcare Company Ltd.
14.3.6 Otto Bock Healthcare GmbH
14.3.7 Össur Corporate
14.3.8 FLA Orthopedics, Inc.
14.3.9 Frank Stubbs Co., Inc.
14.3.10 McDavid Knee Guard, Inc.
