Global Orthopedic Braces & Supports Market Size, Share, and COVID-19 Impact Analysis, By Product (Ankle Braces and Supports, Foot Walkers and Orthoses, Hip, Back, and Spine Braces and Supports, Knee 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 & Others), By Distribution Channel (Hospitals and Surgical Centres, Orthopedic Clinics, Pharmacies & Retailers, E-commerce platforms, & Others) and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) Analysis and Forecast 2022-2030

Key Market Insights

The global orthopedic braces & supports market was valued at USD 3.72 Billion in 2021. The market is projected to grow USD 5.34 Billion in 2030, at a CAGR of 5.9%. Orthopedic braces and supports provide a number of benefits, including cheaper cost, increased efficacy, increased patient comfort, and ease of use. Over-the-counter braces and supports are used to treat injuries that occur due to trauma, age, osteoarthritis, and sports-related injuries. Additionally, over-the-counter braces and supports give consumers greater comfort when walking and aid in pain relief, limb mobility assistance, and the reduction of swelling and inflammation. Most notably, they enable independent work and movement for users. Additionally, they are made for varying degrees of support or protection and are utilized for a wide range of medical issues aiding market growth.

COVID-19 ANALYSIS

The COVID-19 pandemic had a negative effect on the orthopedic braces and supports market. Surgery, injuries, and availability to doctors are the main factors driving the bracing and support business; all of these factors were impacted by the pandemic and the related actions. By the end of 2021, the market had gradually recovered as patient visits had resumed and the number of surgeries had increased. Although, the ban on organized sports and the decline in elective surgeries is likely to hamper the market growth. Orthopedic clinics were briefly shut during the pandemic, and hospital access was limited to non-essential care. Social exclusion, population control, and restricted access to clinics all had a significant impact on the market.

Increasing Demand of Supports & Braces Due to Orthopedic Diseases Among Population Aiding the Market Growth

One of the main factors propelling the growth of the orthopedic braces and supports market is the rise in orthopedic diseases and disorders, such as osteoarthritis and rheumatoid arthritis, worldwide. The rising prevalence of orthopedic diseases and disorders, ongoing product commercialization, increased product accessibility and affordability, rising sports- and accident-related injury rates, and rising public awareness of preventive care are the main factors driving the growth of the orthopedic braces and supports market.

Increasing Geriatric Population Fueling Market Growth

The demand for orthopedic braces and support is said to be mostly driven by the ageing population. This group is very vulnerable to musculoskeletal conditions. As people grow older, their bones and supporting tissues like ligaments and cartilages naturally deteriorate. This puts older knees and shoulders, especially, at a significant risk for muscular injury creating positive growth opportunities for the market.

Limited Patient Eligibility for Therapy to Hamper Market Growth

Less clinical data to support the therapeutic efficacy of orthopedic braces and limited patient eligibility for bracing-mediated orthopedic treatment are anticipated to restrain market expansion. However, patients may not be eligible for bracing products in certain scenarios.

Segmentation Insights

The global Orthopedic Braces & Supports market is segmented by Product (Ankle Braces and Supports, Foot Walkers and Orthoses, Hip, Back, and Spine Braces and Supports, Knee Braces and Supports, Shoulder Braces and Supports, Elbow Braces and Supports, Hand/Wrist Braces and Supports, Facial Braces and Supports), By Type (Soft and Elastic Braces, Hard Braces and Supports,  Hinged Braces and Supports), By Application (Preventive Care, Ligament Injury, Post-Operative Rehabilitation, Osteoarthritis, Compression Therapy, Others), By Distribution Channel (Hospitals and Surgical Centers, Orthopedic Clinics, Pharmacies & Retailers, E-commerce platforms & Others) and Region. Based on the region, the market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. 

Regional Insights

The global orthopedic braces & supports market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
 
North America region is expected to dominate the market share of global orthopedic braces & supports market owing to presence of major key players and increased technological advancements. There are several actors supporting the regional growth are advantageous reimbursement, well-established healthcare infrastructure & insurance coverage for key orthopedic bracing procedures, and supportive government policies for product commercialization.

However, Asia Pacific region is expected to witness highest growth rate during the forecast period of global orthopedic braces & supports market due to growing elderly and obese population in the APAC region, along with the high prevalence of orthopedic and diabetes-related disorders in this population subgroup, as well as rising healthcare spending in the region, all contribute to the demand for orthopedic braces and supports. Leading product manufacturers are implementing strategic actions, like product commercialization, to maintain their market position because of the region's great potential for growth.

List of Key Companies Profiled:

. 3M
. Bauerfeind
. Becker Orthopedic
. Bird & Cronin, LLC
. Breg, Inc.
. DeRoyal Industries, Inc.
. DJO, LLC
. Essity Aktiebolag (publ)
. Fillauer LLC
. Frank Stubbs Company Inc.
. Hely & Weber
. McDavid
. Ossur
. Ottobock
. THUASNE
. Others

Key Industry Developments:

June 2022- DJO launched new ProCare MaxTrax 2.0 and MaxTrax 2.0 Air walking boot under the brand of Enovis for support, customized healing with a personalized fit, and enhanced comfort.

July 2021- 3M launched Clarity Aligners Flex + Force in their Oral Care portfolio for the alignment of teeth during orthodontic treatment of malocclusion and can be used to address patients with mixed dentition.

February 2021- 
. Breg has partnered with Australian-based distributor Club Warehouse for the expansion of delivery of its premium-based high-value orthopedic products in the Australian market.
. DeRoyal signed euro 1 million partnership collaboration with Tyndall and RCSI SWaT researchers to transform wound care therapy.

August 2020- Breg has signed new 5 years supplier agreement with Aspen Medical Products to continue selling its innovative spinal portfolio.

Segmentation:

By Product

. Ankle Braces and Supports
. Foot Walkers and Orthoses
. Hip, Back, and Spine Braces and Supports
. Knee 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
. Others

By Distribution Channel

. Hospitals and Surgical Centres
. Orthopedic Clinics
. Pharmacies & Retailers
. E-commerce platforms
. Others

By Region

. North America- U.S., Mexico, Canada
. Europe- UK, France, Germany, Italy, Spain, Rest of Europe
. Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
. South America- Brazil, Argentina, Colombia, Rest of South America 
. The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa