According to this latest publication from Meticulous Research®, the global orthopedic braces & supports market is expected to register a CAGR of 4.2% to reach $4.44 billion by 2029. The rise in accidental injuries, the increasing geriatric population worldwide, and the growing prevalence of obesity and diabetes drive market growth. Additionally, rising healthcare expenditure and disposable income in countries such as India and China are expected to offer significant opportunities for the growth of this market.
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Braces and supports are essential medical devices used for both therapeutic and preventive purposes. In therapeutic uses, they are used to provide supportive aid after orthopedic illnesses or injuries. In preventive care, braces and supports provide support while walking, exercising, or playing sports. These devices are also used to reduce occupational injuries, especially around the elbow, ankle, knee, or wrist.
One of the primary functions of braces and supports is to guide joint movements, decrease weight around painful areas of the joints, improve stability, and limit tendon/muscular contraction at a specific site. They also play an essential role in recovery and rehabilitation, depending on the severity and type of injury.
Sports supports and orthopedic braces are widely used for knee ligament injuries and ankle sprains during sports. They provide compression, joint stability, and support and help alleviate joint pain and arthritis.
The main products of braces and supports are knee braces and supports, foot walkers and orthoses, and back, hip, and spine braces and supports. They come in different types, including soft and elastic braces and supports, hard and rigid braces and supports, and hinged braces and supports.
In conclusion, braces and supports are valuable medical devices that help in the prevention, treatment, and recovery of orthopedic injuries and illnesses.
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Based on application, the ligament injury segment is expected to account for the largest share of the global orthopedic braces & supports market in 2022. The large market share of this segment is attributed to the high number of accidents leading to ligament fractures, increasing youth participation in sports and athletic activities, and the rise in the cases of diabetes and obesity leading to the risk of osteoarthritis.
Based on distribution channel, the pharmacies and retailers’ segment is expected to account for the largest share of the global orthopedic braces & supports market in 2022. The large market share of this segment is attributed to the convenience and product range offered by pharmacies and retailers, awareness about the orthopedic braces and supports, and easy access to retailers.
Based on geography, North America is expected to account for the largest share of the global orthopedic braces & supports market in 2022, followed by Europe. However, Asia-Pacific is expected to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the growing geriatric population, increasing cases of ligament injuries, government initiatives to manufacture products domestically, such as the Made in China 2025 initiative, and rising cases of diabetes, further increasing the risk of osteoarthritis.
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Key Players
The key players operating in the global orthopedic Braces and Supports market are Bauerfeind AG (Germany), Zimmer Biomet Holdings, Inc. (U.S.), 3M Company (U.S.), Össur hf. (Iceland), Breg, Inc. (U.S.), Enovis Corporation (U.S.), Bird & Cronin, LLC (U.S.), DeRoyal Industries, Inc. (U.S.), Essity Aktiebolag (publ) (Sweden), and Ottobock SE & Co. KGaA (Germany).
Key questions answered in the report-
• Which are the high-growth market segments in terms of product, type, application, and distribution channel?
• What was the historical market for orthopedic braces & supports market across the globe?
• What are the market forecasts and estimates for the period 2022–2029?
• What are the major drivers, restraints, opportunities, and trends in the global orthopedic braces & supports market?
• Who are the major players in the global orthopedic braces & supports market?
• How is the competitive landscape, and who are the market leaders in the global orthopedic braces & supports market?
• What are the recent developments in the orthopedic braces & supports market?
• What are the different strategies adopted by the major players in the orthopedic braces & supports market?
• What are the geographical trends and high growth regions/countries?

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