Market Overview:
The global orthopedic braces and supports market is expected to grow at a CAGR of 5.5% 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 supports. Based on type, the global orthopedic braces and supports market is segmented into lower extremity braces (knee brace, foot brace, ankle brace), upper extremity braces (shoulder brace, elbow brace, wrist brace), and other types of braces (back support). The lower extremity segment is expected to account for the largest share of the global orthopedic braces and supports market in 2018. This segment is projected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this segment can be attributed to factors such as increasing incidence of knee injuries among athletes and rising prevalence of osteoarthritis worldwide. Based on application, the global orthopedic braces and supports market is divided into ligament injury prevention care,, osteoarthritis treatment & management,. The ligament injury prevention care segment accounted for majority share (~64%)of th eglobalorthopaed icbracesand suppor tsmarketin2018 .
Product Definition:
An orthopedic brace is a device that is worn to support, align, or immobilize the body part. They are used to correct and prevent deformities, improve function and stability of joints, and protect injured tissues.
Lower Extremity(Knee, Foot, Ankle, Back):
Lower extremity braces and supports are used by patients suffering from knee, ankle, foot or back problems. These products are available in different forms such as bracing systems, sleeves and bandages. The lower extremity braces & supports market is driven by factors such as increasing prevalence of orthopedic diseases coupled with rising geriatric population base which has a high susceptibility to develop these disorders.
Upper Extremity(Shoulder, Elbow, Wrist)):
Upper extremity orthopedic braces and supports are used to help restore the range of motion in shoulders, elbows, and/or wrist. These products are mainly used by individuals suffering from arthritis or any other joint related problems. The growing aging population has led to an increase in the prevalence of such diseases thereby driving market growth over the forecast period.
Application Insights:
The preventive care segment dominated the global market in 2017. This can be attributed to rising geriatric population, which is more susceptible to orthopedic disorders. According to the United Nations, by 2060 the world's population is expected to reach 8.6 billion from 7.7 billion in 2017 and this increase will contribute towards a rise in demand for orthopedic supports during this period of time as well.
In addition, an increasing number of sports-related injuries are driving demand for these products globally as most of these patients suffer from osteoarthritis later on due to wear.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period due to increasing cases of osteoarthritis, rheumatoid arthritis, and other joint-related disorders. In addition, rising sports injuries are also anticipated to drive regional growth. According to a study published by National Center for Health Statistics (NCHS), in U.S., over 795,000 people were diagnosed with sport injuries and over 106,000 people died due from non-communicable diseases associated with trauma (osteoporosis) in 2014 – 2015 period.
Asia Pacific is expected to grow at a lucrative rate during the forecast period owing to increasing geriatric population base coupled with growing awareness about preventive healthcare practices among individuals aged 50 years.
Growth Factors:
- Increasing incidence of orthopedic disorders and injuries: The global orthopedic braces and supports market is expected to grow at a CAGR of 7.5% during the forecast period due to the increasing incidence of orthopedic disorders and injuries. According to the World Health Organization, musculoskeletal disorders are one of the leading causes of disability worldwide.
- Growing geriatric population: The global geriatric population is expected to grow at a CAGR of 8% during the forecast period, which will lead to an increase in demand for orthopedic braces and supports products as these products help improve mobility in elderly patients suffering from various orthopedic conditions.
- Rising awareness about benefits offered by Orthoses: There has been a rise in awareness about the benefits offered by Orthoses among consumers in recent years, which is driving demand for these products across regions. This is mainly because Orthoses can help improve mobility and quality of life among patients suffering from various orthopedic conditions such as arthritis, osteoporosis, etcetera .
Scope Of The Report
Report Attributes
Report Details
Report Title
Orthopedic Braces & Supports Market Research Report
By Type
Lower Extremity(Knee, Foot, Ankle, Back), Upper Extremity(Shoulder, Elbow, Wrist))
By Application
Ligament Injury, Preventive Care, Osteoarthritis
By Companies
Breg, Inc., Ossur Hf, Bauerfeind AG, BSN Medical, DJO Finance LLC, 3M Company, Otto Bock Healthcare, Deroyal Industries, Inc., Medi GmbH & Co. KG, Thuasne Group, Alcare Co., Ltd, Zimmer Biomet Holdings, Inc., Trulife, Remington Products Company, Bird & Cronin
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
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Orthopedic Braces & Supports Market Report Segments:
The global Orthopedic Braces & Supports market is segmented on the basis of:
Types
Lower Extremity(Knee, Foot, Ankle, Back), Upper Extremity(Shoulder, Elbow, Wrist))
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
Ligament Injury, Preventive Care, Osteoarthritis
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.
- Ossur Hf
- Bauerfeind AG
- BSN Medical
- DJO Finance LLC
- 3M Company
- Otto Bock Healthcare
- Deroyal Industries, Inc.
- Medi GmbH & Co. KG
- Thuasne Group
- Alcare Co., Ltd
- Zimmer Biomet Holdings, Inc.
- Trulife
- Remington Products Company
- Bird & Cronin
Highlights of The Orthopedic Braces & Supports 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:
- Lower Extremity(Knee, Foot, Ankle, Back)
- Upper Extremity(Shoulder, Elbow, Wrist))
- By Application:
- Ligament Injury
- Preventive Care
- Osteoarthritis
- 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 & Supports 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 supports are medical devices used to correct or prevent deformity in the bones and joints. They can be worn on the body, either as a single device or in multiple pieces. Orthopedic braces and supports may help to improve joint stability, range of motion, and overall function.
Some of the key players operating in the orthopedic braces & supports market are Breg, Inc., Ossur Hf, Bauerfeind AG, BSN Medical, DJO Finance LLC, 3M Company, Otto Bock Healthcare, Deroyal Industries, Inc., Medi GmbH & Co. KG, Thuasne Group, Alcare Co., Ltd, Zimmer Biomet Holdings, Inc., Trulife, Remington Products Company, Bird & Cronin.
The orthopedic braces & supports market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Orthopedic Braces & Supports 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 & Supports Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Orthopedic Braces & Supports 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 & Supports 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 & Supports Market Size & Forecast, 2018-2028
4.5.1 Orthopedic Braces & Supports Market Size and Y-o-Y Growth
4.5.2 Orthopedic Braces & Supports Market Absolute $ Opportunity
Chapter 5 Global Orthopedic Braces & Supports 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 & Supports Market Size Forecast by Type
5.2.1 Lower Extremity(Knee
5.2.2 Foot
5.2.3 Ankle
5.2.4 Back)
5.2.5 Upper Extremity(Shoulder
5.2.6 Elbow
5.2.7 Wrist))
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Orthopedic Braces & Supports 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 & Supports Market Size Forecast by Applications
6.2.1 Ligament Injury
6.2.2 Preventive Care
6.2.3 Osteoarthritis
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Orthopedic Braces & Supports 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 & Supports 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 & Supports Analysis and Forecast
9.1 Introduction
9.2 North America Orthopedic Braces & Supports 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 & Supports Market Size Forecast by Type
9.6.1 Lower Extremity(Knee
9.6.2 Foot
9.6.3 Ankle
9.6.4 Back)
9.6.5 Upper Extremity(Shoulder
9.6.6 Elbow
9.6.7 Wrist))
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 & Supports Market Size Forecast by Applications
9.10.1 Ligament Injury
9.10.2 Preventive Care
9.10.3 Osteoarthritis
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 & Supports Analysis and Forecast
10.1 Introduction
10.2 Europe Orthopedic Braces & Supports 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 & Supports Market Size Forecast by Type
10.6.1 Lower Extremity(Knee
10.6.2 Foot
10.6.3 Ankle
10.6.4 Back)
10.6.5 Upper Extremity(Shoulder
10.6.6 Elbow
10.6.7 Wrist))
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 & Supports Market Size Forecast by Applications
10.10.1 Ligament Injury
10.10.2 Preventive Care
10.10.3 Osteoarthritis
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 & Supports Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Orthopedic Braces & Supports 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 & Supports Market Size Forecast by Type
11.6.1 Lower Extremity(Knee
11.6.2 Foot
11.6.3 Ankle
11.6.4 Back)
11.6.5 Upper Extremity(Shoulder
11.6.6 Elbow
11.6.7 Wrist))
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 & Supports Market Size Forecast by Applications
11.10.1 Ligament Injury
11.10.2 Preventive Care
11.10.3 Osteoarthritis
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 & Supports Analysis and Forecast
12.1 Introduction
12.2 Latin America Orthopedic Braces & Supports 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 & Supports Market Size Forecast by Type
12.6.1 Lower Extremity(Knee
12.6.2 Foot
12.6.3 Ankle
12.6.4 Back)
12.6.5 Upper Extremity(Shoulder
12.6.6 Elbow
12.6.7 Wrist))
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 & Supports Market Size Forecast by Applications
12.10.1 Ligament Injury
12.10.2 Preventive Care
12.10.3 Osteoarthritis
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 & Supports Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Orthopedic Braces & Supports 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 & Supports Market Size Forecast by Type
13.6.1 Lower Extremity(Knee
13.6.2 Foot
13.6.3 Ankle
13.6.4 Back)
13.6.5 Upper Extremity(Shoulder
13.6.6 Elbow
13.6.7 Wrist))
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 & Supports Market Size Forecast by Applications
13.10.1 Ligament Injury
13.10.2 Preventive Care
13.10.3 Osteoarthritis
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 & Supports Market: Competitive Dashboard
14.2 Global Orthopedic Braces & Supports Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Breg, Inc.
14.3.2 Ossur Hf
14.3.3 Bauerfeind AG
14.3.4 BSN Medical
14.3.5 DJO Finance LLC
14.3.6 3M Company
14.3.7 Otto Bock Healthcare
14.3.8 Deroyal Industries, Inc.
14.3.9 Medi GmbH & Co. KG
14.3.10 Thuasne Group
14.3.11 Alcare Co., Ltd
14.3.12 Zimmer Biomet Holdings, Inc.
14.3.13 Trulife
14.3.14 Remington Products Company
14.3.15 Bird & Cronin
