Please Wait.....
Report
Orthopedic Braces and Supports Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-06-14 I 144 Pages I IMARC Group
The global orthopedic braces and supports market size reached US$ 4.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.
Braces and supports are orthopedic equipment which are used externally for holding, aligning, correcting and supporting certain parts of the body while healing from an injury. They are manufactured using specialized materials with intelligent designs that offer intense targeted support to the knee, spine, foot, ankle, upper elbow, shoulder, hip and other body parts. Braces and supports also aid in safeguarding joints after surgeries and offer a sense of mobility to the patients suffering from musculoskeletal problems.
Global Orthopedic Braces and Supports Market Drivers:
In comparison with invasive treatments, braces and supports are less painful, assist in quick recovery and reduce the incidences of post-surgical complications. On account of these factors, orthopedic braces and supports are preferred by patients worldwide.
Nowadays, consumers spend a significant part of their day in front of PCs, TVs and smart devices which result in the development of minor and major musculoskeletal deformities and dysfunctions. As a result, the demand for braces and supports is proliferating at a healthy rate.
The geriatric population is at a relatively higher risk of developing spondylitis, osteoarthritis, degenerative disc disease, and other mobility issues. Therefore, the growing elderly population is also contributing to the sales of braces and supports across the globe.
Manufacturers are developing pliable braces with a simplified user-interface, considering the requirements of consumers. They are also incorporating Velcro instead of laces to enable easy application and pulley systems in lumbar supports to allow easy customization.
Technological advancements have led to significant improvements in modeling and material technology and increased flexibility, contouring, and utilization of low-weight materials. Innovations have also led to the incorporation of advanced data sensors and synchronization systems.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global orthopedic braces and supports market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product, type, application and end-user.
Breakup by Product:
Lower Extremity Braces and Supports
Spinal Braces and Supports
Upper Extremity Braces and Supports
Based on the product, the market has been segmented into lower extremity braces and supports, spinal braces and supports, and upper extremity braces and supports.
Breakup by Type:
Soft and Elastic Braces and Supports
Hinged Braces and Supports
Hard and Rigid Braces and Supports
Based on the type, the market has been segmented into soft and elastic braces and supports, hinged braces and supports, and hard and rigid braces and supports. Soft and elastic braces and supports currently have the highest share.
Breakp by Application:
Ligament Injury
Preventive Care
Post-Operative Rehabilitation
Osteoarthritis
Others
Based on the application, the market has been segmented into ligament injury, preventive care, post-operative rehabilitation, osteoarthritis and others. Ligament injury currently accounts for the highest share.
Breakup by End-User:
Orthopedic Clinics
Hospitals and Surgical Centers
Over-the-Counter (OTC) Platforms
Others
Based on the end-user, the market has been segmented into orthopedic clinics, hospitals and surgical centers, over-the-counter (OTC) platforms, and others. Orthopedic clinics currently account for the highest share.
Regional Insights:
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
Region-wise, the market has been segmented into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. Amongst these, North America is the biggest market, accounting for the majority of the global share.
Competitive Landsacpe:
The competitive landscape of the market has also been examined with some of the key players being 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 and Bird & Cronin.
Key Questions Answered in This Report
1. 2. What is the expected growth rate of the global orthopedic braces and supports market during 2023-2028?
2. What are the key factors driving the global orthopedic braces and supports market?
3. What has been the impact of COVID-19 on the global orthopedic braces and supports market?
4. What is the breakup of the global orthopedic braces and supports market based on the product?
5. What is the breakup of the global orthopedic braces and supports market based on the type?
6. What is the breakup of the global orthopedic braces and supports market based on the application?
7. What is the breakup of the global orthopedic braces and supports market based on the end-user?
8. What are the key regions in the global orthopedic braces and supports market?
9. Who are the key companies/players in the global orthopedic braces and supports market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Orthopedic Braces and Supports Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Product
5.5 Market Breakup by Type
5.6 Market Breakup by Application
5.7 Market Breakup by End-User
5.8 Market Breakup by Region
5.9 Market Forecast
6 Market Breakup by Product
6.1 Lower Extremity Braces and Supports
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Spinal Braces and Supports
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Upper Extremity Braces and Supports
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Type
7.1 Soft and Elastic Braces and Supports
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Hinged Braces and Supports
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Hard and Rigid Braces and Supports
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Application
8.1 Ligament Injury
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Preventive Care
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Post-Operative Rehabilitation
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Osteoarthritis
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by End-User
9.1 Orthopedic Clinics
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Hospitals and Surgical Centers
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Over-the-Counter (OTC) Platforms
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Asia Pacific
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Europe
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Middle East and Africa
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Latin America
10.5.1 Market Trends
10.5.2 Market Forecast
11 Global Orthopedic Braces and Supports Industry: SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Global Orthopedic Braces and Supports Industry: Value Chain Analysis
13 Global Orthopedic Braces and Supports Industry: Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Global Orthopedic Braces and Supports Industry: Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Breg, Inc.
15.3.2 Ossur Hf
15.3.3 Bauerfeind AG
15.3.4 BSN Medical
15.3.5 DJO Finance LLC
15.3.6 3M Company
15.3.7 Otto Bock Healthcare
15.3.8 Deroyal Industries, Inc.
15.3.9 Medi GmbH & Co. KG
15.3.10 Thuasne Group
15.3.11 Alcare Co., Ltd
15.3.12 Zimmer Biomet Holdings, Inc.
15.3.13 Trulife
15.3.14 Remington Products Company
15.3.15 Bird & Cronin
?
Figure 1: Global: Orthopedic Braces and Supports Market: Major Drivers and Challenges
Figure 2: Global: Orthopedic Braces and Supports Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Orthopedic Braces and Supports Market: Breakup by Product (in %), 2022
Figure 4: Global: Orthopedic Braces and Supports Market: Breakup by Type (in %), 2022
Figure 5: Global: Orthopedic Braces and Supports Market: Breakup by Application (in %), 2022
Figure 6: Global: Orthopedic Braces and Supports Market: Breakup by End-User (in %), 2022
Figure 7: Global: Orthopedic Braces and Supports Market: Breakup by Region (in %), 2022
Figure 8: Global: Orthopedic Braces and Supports Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Orthopedic Braces and Supports Industry: SWOT Analysis
Figure 10: Global: Orthopedic Braces and Supports Industry: Value Chain Analysis
Figure 11: Global: Orthopedic Braces and Supports Industry: Porter's Five Forces Analysis
Figure 12: Global: Orthopedic Braces and Supports (Lower Extremity Braces and Supports) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Orthopedic Braces and Supports (Lower Extremity Braces and Supports) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Orthopedic Braces and Supports (Spinal Braces and Supports) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Orthopedic Braces and Supports (Spinal Braces and Supports) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Orthopedic Braces and Supports (Upper Extremity Braces and Supports) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Orthopedic Braces and Supports (Upper Extremity Braces and Supports) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Orthopedic Braces and Supports (Soft and Elastic Braces and Supports) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Orthopedic Braces and Supports (Soft and Elastic Braces and Supports) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Orthopedic Braces and Supports (Hinged Braces and Supports) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Orthopedic Braces and Supports (Hinged Braces and Supports) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Orthopedic Braces and Supports (Hard and Rigid Braces and Supports) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Orthopedic Braces and Supports (Hard and Rigid Braces and Supports) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Orthopedic Braces and Supports (Ligament Injury) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Orthopedic Braces and Supports (Ligament Injury) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Orthopedic Braces and Supports (Preventive Care) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Orthopedic Braces and Supports (Preventive Care) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Orthopedic Braces and Supports (Post-Operative Rehabilitation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Orthopedic Braces and Supports (Post-Operative Rehabilitation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Orthopedic Braces and Supports (Osteoarthritis) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Orthopedic Braces and Supports (Osteoarthritis) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Orthopedic Braces and Supports (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Orthopedic Braces and Supports (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Orthopedic Braces and Supports (Orthopedic Clinics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Orthopedic Braces and Supports (Orthopedic Clinics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Orthopedic Braces and Supports (Hospitals and Surgical Centers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Orthopedic Braces and Supports (Hospitals and Surgical Centers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Orthopedic Braces and Supports (Over-the-Counter (OTC) Platforms) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Orthopedic Braces and Supports (Over-the-Counter (OTC) Platforms) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Orthopedic Braces and Supports (Other End-Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Orthopedic Braces and Supports (Other End-Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: North America: Orthopedic Braces and Supports Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: North America: Orthopedic Braces and Supports Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Asia Pacific: Orthopedic Braces and Supports Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Asia Pacific: Orthopedic Braces and Supports Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Europe: Orthopedic Braces and Supports Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Europe: Orthopedic Braces and Supports Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Middle East and Africa: Orthopedic Braces and Supports Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Middle East and Africa: Orthopedic Braces and Supports Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Latin America: Orthopedic Braces and Supports Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Latin America: Orthopedic Braces and Supports Market Forecast: Sales Value (in Million US$), 2023-2028
Table 1: Global: Orthopedic Braces and Supports Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Orthopedic Braces and Supports Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Orthopedic Braces and Supports Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 4: Global: Orthopedic Braces and Supports Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Orthopedic Braces and Supports Market Forecast: Breakup by End-User (in Million US$), 2023-2028
Table 6: Global: Orthopedic Braces and Supports Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Orthopedic Braces and Supports Market Structure
Table 8: Global: Orthopedic Braces and Supports Market: Key Players
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security