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Orthopedic Braces and Supports Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global orthopedic braces and supports market was worth US$ 3.8 Billion in 2018. 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. Looking forward, the market value is projected to reach US$ 4.9 Billion by 2024, growing at a CAGR of 4.5% during 2019-2024.

Orthopedic Braces and Supports Market Report

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.


Market Summary:

  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • The competitive landscape of the market has also been examined with some of the key players being Breg, Inc., Össur 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:

  • How has the global orthopedic braces and supports market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global orthopedic braces and supports industry?
  • What is the breakup of the global orthopedic braces and supports market on the basis of product?
  • What is the breakup of the global orthopedic braces and supports market on the basis of type?
  • What is the breakup of the global orthopedic braces and supports market on the basis of application?
  • What is the breakup of the global orthopedic braces and supports market on the basis of end-user?
  • What are the various stages in the value chain of the global orthopedic braces and supports market?
  • What are the key driving factors and challenges in the global orthopedic braces and supports market?
  • What is the structure of the global orthopedic braces and supports market and who are the key players?
  • What is the degree of competition 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    Market Breakup by Product
    5.4    Market Breakup by Type
    5.5    Market Breakup by Application
    5.6    Market Breakup by End-User
    5.7    Market Breakup by Region
    5.8    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 Rehabilitaion
        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    Össur 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 



List of Figures

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$), 2011-2018
Figure 3: Global: Orthopedic Braces and Supports Market: Breakup by Product (in %), 2018
Figure 4: Global: Orthopedic Braces and Supports Market: Breakup by Type (in %), 2018
Figure 5: Global: Orthopedic Braces and Supports Market: Breakup by Application (in %), 2018
Figure 6: Global: Orthopedic Braces and Supports Market: Breakup by End-User (in %), 2018
Figure 7: Global: Orthopedic Braces and Supports Market: Breakup by Region (in %), 2018
Figure 8: Global: Orthopedic Braces and Supports Market Forecast: Sales Value (in Billion US$), 2019-2024
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$), 2011 & 2018
Figure 13: Global: Orthopedic Braces and Supports (Lower Extremity Braces and Supports) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 14: Global: Orthopedic Braces and Supports (Spinal Braces and Supports) Market: Sales Value (in Million US$), 2011 & 2018
Figure 15: Global: Orthopedic Braces and Supports (Spinal Braces and Supports) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 16: Global: Orthopedic Braces and Supports (Upper Extremity Braces and Supports) Market: Sales Value (in Million US$), 2011 & 2018
Figure 17: Global: Orthopedic Braces and Supports (Upper Extremity Braces and Supports) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 18: Global: Orthopedic Braces and Supports (Soft and Elastic Braces and Supports) Market: Sales Value (in Million US$), 2011 & 2018
Figure 19: Global: Orthopedic Braces and Supports (Soft and Elastic Braces and Supports) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 20: Global: Orthopedic Braces and Supports (Hinged Braces and Supports) Market: Sales Value (in Million US$), 2011 & 2018
Figure 21: Global: Orthopedic Braces and Supports (Hinged Braces and Supports) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 22: Global: Orthopedic Braces and Supports (Hard and Rigid Braces and Supports) Market: Sales Value (in Million US$), 2011 & 2018
Figure 23: Global: Orthopedic Braces and Supports (Hard and Rigid Braces and Supports) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 24: Global: Orthopedic Braces and Supports (Ligament Injury) Market: Sales Value (in Million US$), 2011 & 2018
Figure 25: Global: Orthopedic Braces and Supports (Ligament Injury) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 26: Global: Orthopedic Braces and Supports (Preventive Care) Market: Sales Value (in Million US$), 2011 & 2018
Figure 27: Global: Orthopedic Braces and Supports (Preventive Care) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 28: Global: Orthopedic Braces and Supports (Post-Operative Rehabilitaion) Market: Sales Value (in Million US$), 2011 & 2018
Figure 29: Global: Orthopedic Braces and Supports (Post-Operative Rehabilitaion) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 30: Global: Orthopedic Braces and Supports (Osteoarthritis) Market: Sales Value (in Million US$), 2011 & 2018
Figure 31: Global: Orthopedic Braces and Supports (Osteoarthritis) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 32: Global: Orthopedic Braces and Supports (Other Applications) Market: Sales Value (in Million US$), 2011 & 2018
Figure 33: Global: Orthopedic Braces and Supports (Other Applications) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 34: Global: Orthopedic Braces and Supports (Orthopedic Clinics) Market: Sales Value (in Million US$), 2011 & 2018
Figure 35: Global: Orthopedic Braces and Supports (Orthopedic Clinics) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 36: Global: Orthopedic Braces and Supports (Hospitals and Surgical Centers) Market: Sales Value (in Million US$), 2011 & 2018
Figure 37: Global: Orthopedic Braces and Supports (Hospitals and Surgical Centers) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 38: Global: Orthopedic Braces and Supports (Over-the-Counter (OTC) Platforms) Market: Sales Value (in Million US$), 2011 & 2018
Figure 39: Global: Orthopedic Braces and Supports (Over-the-Counter (OTC) Platforms) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 40: Global: Orthopedic Braces and Supports (Other End-Users) Market: Sales Value (in Million US$), 2011 & 2018
Figure 41: Global: Orthopedic Braces and Supports (Other End-Users) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 42: North America: Orthopedic Braces and Supports Market: Sales Value (in Million US$), 2011 & 2018
Figure 43: North America: Orthopedic Braces and Supports Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 44: Asia Pacific: Orthopedic Braces and Supports Market: Sales Value (in Million US$), 2011 & 2018
Figure 45: Asia Pacific: Orthopedic Braces and Supports Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 46: Europe: Orthopedic Braces and Supports Market: Sales Value (in Million US$), 2011 & 2018
Figure 47: Europe: Orthopedic Braces and Supports Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 48: Middle East and Africa: Orthopedic Braces and Supports Market: Sales Value (in Million US$), 2011 & 2018
Figure 49: Middle East and Africa: Orthopedic Braces and Supports Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 50: Latin America: Orthopedic Braces and Supports Market: Sales Value (in Million US$), 2011 & 2018
Figure 51: Latin America: Orthopedic Braces and Supports Market Forecast: Sales Value (in Million US$), 2019-2024


List of Tables

Table 1: Global: Orthopedic Braces and Supports Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Orthopedic Braces and Supports Market Forecast: Breakup by Product (in Million US$), 2019-2024
Table 3: Global: Orthopedic Braces and Supports Market Forecast: Breakup by Type (in Million US$), 2019-2024
Table 4: Global: Orthopedic Braces and Supports Market Forecast: Breakup by Application (in Million US$), 2019-2024
Table 5: Global: Orthopedic Braces and Supports Market Forecast: Breakup by End-User (in Million US$), 2019-2024
Table 6: Global: Orthopedic Braces and Supports Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 7: Global: Orthopedic Braces and Supports Market Structure
Table 8: Global: Orthopedic Braces and Supports Market: Key Players

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