The global orthopedic braces and supports market, valued at USD 4.44 billion in 2023, is projected to expand at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2030. This anticipated growth is driven by a variety of factors, including increasing technological advancements, the rising incidence of sports and accident-related injuries, a growing geriatric population, and heightened public awareness of preventive care. These factors are encouraging the development of innovative orthopedic products designed to improve patient outcomes, while also increasing demand for braces and supports among various consumer demographics.

Key Market Drivers

1. Technological Advancements: The orthopedic braces and supports market is benefiting from advancements in medical technology that have led to the creation of more effective and user-friendly products. These innovations focus on improving comfort, durability, and the overall functionality of orthopedic supports, making them more suitable for prolonged use and adaptable to the diverse needs of patients. For example, newer braces often incorporate lightweight materials and ergonomic designs, enhancing mobility and patient adherence.
2. Rising Number of Sports and Accident-Related Injuries: The prevalence of injuries related to sports and accidents continues to drive demand for orthopedic braces and supports. Athletes and active individuals frequently use braces to prevent injuries, enhance performance, and facilitate rehabilitation after injuries. With increasing participation in sports and physical activities across the globe, there is a growing need for products that help manage musculoskeletal injuries, particularly for conditions such as sprains, ligament tears, and fractures.
3. Growing Geriatric Population: As the global population ages, the prevalence of orthopedic conditions such as arthritis, osteoporosis, and fractures rises significantly. In the U.S. alone, the Population Reference Bureau projects that the number of individuals aged 65 and above will increase from 58 million in 2022 to 82 million by 2050. This demographic shift leads to a heightened demand for orthopedic braces and supports to manage age-related conditions, support weakened joints, and improve overall mobility.
4. Public Awareness of Preventive Care: There is a growing focus on preventive care, with patients increasingly aware of the benefits of early intervention in managing musculoskeletal disorders. Orthopedic braces are often used as part of preventive treatment plans to avoid more invasive procedures such as surgery. This rising awareness is driving demand for braces as a non-invasive treatment option for managing chronic conditions like osteoarthritis and back pain.
5. Prevalence of Chronic and Acute Conditions: The rising incidence of conditions such as arthritis and sports injuries also contributes to the market’s growth. Arthritis, in particular, is a significant factor driving demand for knee braces, back supports, and other orthopedic devices designed to alleviate joint pain and improve mobility. As more patients seek out braces for conditions ranging from mild muscle strains to chronic joint degeneration, the market for these products continues to expand.

Industry Initiatives and Product Innovations

Leading companies in the orthopedic braces and supports market are actively pursuing strategies to enhance their product offerings and expand their market reach. For example, in February 2021, BREG, Inc., a provider of billing services and orthopedic bracing solutions, introduced two new product lines: Pinnacle and Ascend. These product lines feature 15 different orthopedic braces specifically designed for patients with spinal injuries. By diversifying their portfolio with targeted solutions, companies like BREG are meeting the specific needs of patients and strengthening their presence in the orthopedic market.

Another key example of market expansion is Breg's collaboration with Club Warehouse, a major distributor based in Australia. This partnership, established in February 2021, aimed to increase the availability of high-quality orthopedic products in the Australian market, highlighting the global reach and growth potential of the industry.

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End-use Segmentation Insights

In 2023, the orthopedic clinics segment emerged as the dominant sector in the market, accounting for the largest revenue share. The demand in this segment is primarily driven by the increasing number of orthopedic surgeons and clinics, which serve as the first point of care for patients experiencing musculoskeletal pain and injuries. According to an article published by Definitive Healthcare, LLC in October 2023, there are more than 27,000 active orthopedic surgeons in the U.S., underscoring the significant role that specialized clinics play in diagnosing and treating orthopedic conditions.

The over-the-counter (OTC) segment is projected to experience the fastest growth over the forecast period. This growth is largely attributed to the wide availability of OTC orthopedic braces and supports in retail pharmacies and online stores, making these products more accessible to consumers. OTC products are especially popular among individuals seeking quick relief from muscle pain and joint injuries, without requiring a prescription. They are often used for conditions such as sprains, strains, and minor fractures, providing patients with cost-effective solutions that promote faster recovery. The ease of access to these products and their affordability compared to custom-made braces are key factors driving their market penetration.

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