The Global Orthopedic Braces and Supports Market is estimated to reach USD 4.6 billion by 2027 from USD 3.4 billion in 2022, at a CAGR of 5.8% during the forecast period (2022-2027). Growth in the orthopedic braces and supports market is mainly driven by the increasing prevalence of orthopedic diseases disorders, continuous product commercialization, greater product affordability and market availability, rising number of sports and accident-related injuries, and growing public awareness of preventive care. Increased sales of off-the-shelf and online products, and the expansion and promotion initiatives undertaken by major product manufacturers are also expected to provide a wide range of growth opportunities for players in the market. On the other hand, the limited patient qualification for bracing-mediated orthopedic treatment, limited clinical evidence to support the therapeutic efficacy of orthopedic braces, and the high adoption of pain medications are the major factors expected to limit market growth to a certain extent in the coming years.

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Key Market Players

The vendors operating in the orthopedic braces and supports market include DJO Finance LLC (US), Ossur HF (Iceland), Breg, Inc. (US), Bauerfeind AG (Germany), and Essity (Sweden) were the top five players in the global orthopedic braces and supports market. Other prominent players operating in this market include 3M (USA), Ottobock Holding GmbH (Germany), Thuasne Group (France), Zimmer Biomet Holdings, Inc. (US), ALCARE (Japan), Bird Cronin, Inc. (US), Nippon and Sigmax (Japan), and Becker Orthopedic (US), among others.

Global Orthopedic Braces and Supports Market  Segmentation:

By Product

• Knee Braces and Supports
• Ankle Braces and Supports
• Foot Walkers and Orthoses
• Hip, Back, And Spine Braces and Supports
• Shoulder Braces and Supports
• Elbow Braces and Supports
• Hand Wrist Braces and Supports
• Facial Braces and Supports

By Type

• Soft Elastic Braces and Supports
• Hard Braces and Supports
• Hinged Braces and Supports

By Application

• Preventive Care
• Ligament Injury
• Post-operative Rehabilitation
• Osteoarthritis
• Compression Therapy
• Other Applications

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Opportunities: Increased sales of off-the-shelf and online products coupled with expansion and promotion initiatives undertaken by major product manufacturers.

Specific orthopedic braces can only be used under the supervision of medical practitioners or orthopedic technicians as they require customization or product alteration according to patient features. However, some braces (such as ankle braces, wrist/hand braces, shoulder braces, elbow braces, and facial braces) are increasingly being sold by retailers (off-the-shelf) and e-commerce websites since their use does not require supervision. Patients regularly use such products to prevent injuries.

Asia Pacific is expected to grow at the highest CAGR in the orthopedic braces and supports market during the forecast period

The Asia Pacific region is expected to be the fastest-growing region during the study period. The demand for orthopedic braces and supports in the APAC is supported by to the rising geriatric and obese population (coupled with the significant prevalence of orthopedic diabetes-related diseases in this population segment) and increasing healthcare expenditure in APAC countries. Owing to the high-growth potential of the region, leading product manufacturers are undertaking strategic initiatives such as product commercialization to maintain their market position.

Recent Developments:

• In July 2021, DJO LLC (US), renewed its partnership with USA Lacrosse. DJO has been the Official Sports Brace of USA Lacrosse and the US National Teams since 2017; the renewal extends the partnership to 2024.
• In July 2021, Ossur HF (Iceland) launched the Rebound Post-Op Elbow Brace.
• In Feb 2021, Breg, Inc. (US) launched within the spinal braces segment - 15 new products of the Pinnacle and the Ascend Portfolio.
• In June 2020, DJO LLC (US) launched the X-ROM Post-Op Knee Brace.

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