Orthopedic braces and supports are medical devices that can help provide stability, support, and/or protection to weakened or injured body parts. These devices can be utilized to help treat a variety of conditions, such as arthritis, tendonitis, sprains, strains, and fractures. Additionally, orthopedic braces and supports can be used to help prevent injury. They are usually constructed from materials like neoprene, foam, and leather, and come in various shapes and sizes. Custom-fitting these devices to a patient's body is also possible. By wearing orthopedic braces and supports, individuals may experience relief from pain, decreased swelling, and improved mobility and range of motion.
Currently, orthopedic braces and supports market is projected to reach USD 4.6 billion by 2027, at a CAGR of 5.8% during the forecast period. 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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Market Growth Drivers
- Increasing prevalence of orthopedic diseases and disorders
- Continuous product commercialization
- Greater product affordability and market availability
- Rising number of sports and accident-related injuries
- Growing public awareness about preventive care
Market Restraints
- Limited patient qualification for bracing-mediated orthopedic treatment
- Limited clinical evidence to support the therapeutic efficacy of orthopedic braces
Market Opportunities:
- Increased sales of off-the-shelf and online products
- Expansion and promotion initiatives undertaken by major product manufacturers
Market Challenges:
- Significant adoption of pain medication
- low awareness about the benefits of orthopedic braces
The prominent players operating in the orthopedic braces and supports market are 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),
DJO LLC (US) was the leading orthopedic braces and supports market player. The leading position of DJO LLC can be attributed to the extensive product portfolio of orthopedic braces and supports, and wide geographic presence. They are a worldwide provider of orthopedic devices. The company offers a broad range of orthopedic braces and supports used in various applications, such as ligament injuries, preventive care, and post-operative rehabilitation. The company has a strong geographic presence across countries like the US, Mexico, Germany, the UK, France, Belgium, and Sweden. DJO mainly focuses on developing technologically innovative products to strengthen its position in the market further
Ossur HF (Iceland) has a prominent presence in 20 countries across the Americas, Europe, and Asia. To strengthen its current position and gain a larger market share, the company mainly focuses on product commercialization. For instance, the company launched Formfit Pro Knee OA, Formfit Pro Knee, Formfit Pro Wrist, Formfit Pro Ankle, and Formfit Pro Elbow. Össur also focuses on other growth strategies, such as strategic acquisitions, agreements, and partnerships to build a competitive advantage in the market.
Breg, Inc. (US) is also one of the major players in the orthopedic braces and supports market involved in developing, manufacturing, and marketing various premium bracing and sports medicine products. The company has a strong geographical presence with a wide distribution network across North America, Europe, and the Asia Pacific. The company offers a strong product portfolio of orthopedic braces for pre-operative care, post-operative rehabilitation, preventive care, and osteoarthritis. It focuses on RD activities and customizations to enhance its product portfolio.
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Report Objectives
- To define, describe, and forecast the orthopedic braces and supports market by product, type, application, distribution channel, and region
- To provide detailed information about the major factors influencing the market growth (such as drivers, restraints, opportunities, and challenges)
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the global orthopedic braces and supports market
- To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
- To estimate the market size and growth potential of the market segments and subsegments with respect to five key regions—North America (includes the US Canada), Europe (includes Germany, France, UK, Italy, Spain, and Rest of Europe), Asia Pacific (Japan, China, India, South Korea, Australia, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America), and the Middle East Africa
- To strategically analyze the market structure with key players and their core competencies2 in the global orthopedic braces and supports market
- To benchmark players within the market using a proprietary competitive leadership mapping framework, which analyzes market players on various parameters within the broad categories of business strategy excellence and strength of product portfolio
- To track and analyze competitive developments such as product launches approvals; acquisitions; expansions; and partnerships, agreements, collaborations in the orthopedic braces and supports market
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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