Orthopedic Braces And Support Devices And Equipment Market Size, Share, Analysis, Growth, Trends, Industry Report 2024-2033| DJO Global, Bauerfeind AG, Otto Bock Healthcare GmbH, Breg Inc., Ossur Hf,

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Overview and Scope

Orthopedic braces and support devices and equipment are primarily used in injury prevention, injury rehabilitation, post-operative care, and osteoarthritic care

Sizing and Forecast

The orthopedic braces and support devices and equipment market size has grown strongly in recent years. It will grow from $4.08 billion in 2023 to $4.31 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to aging population, orthopedic injuries, rehabilitation and physical therapy, lifestyle and fitness trends.

The orthopedic braces and support devices and equipment market size is expected to see steady growth in the next few years. It will grow to $5.17 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to emerging markets growth, regulatory support and reimbursement, value-based healthcare, personalized medicine. Major trends in the forecast period include smart orthopedic braces, 3d printing, lightweight and breathable materials, tele-rehabilitation and remote monitoring.

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Segmentation & Regional Insights

The orthopedic braces and support devices and equipment market covered in this report is segmented –

1) By Type: Lower extremity braces, Upper extremity braces, Back and hip braces, Other braces

2) By Product: Soft & Elastic Braces and Supports, Hinged Braces and Supports, Hard & Rigid Braces and Supports

3) By End User: Hospitals, Home Healthcare, Clinics, Other End-Users

North America was the largest region in global orthopedic devices and equipment market in 2023. Western Europe was the second-largest region in global orthopedic devices and equipment market. The regions covered in the orthopedic braces and support devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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Major Driver Impacting Market Growth

The rise in the geriatric population is driving the orthopedic braces and support devices and equipment market. Elderly people are more prone to injuries as their bones and connective tissues weaken with age. For example, In the US 70% of the population aged between 50-70 years suffers from osteoarthritis and is likely to increase further in the forecast period. This is one of the major contributing factors to the growth of this market.

Key Industry Players

Major companies operating in the orthopedic braces and support devices and equipment market include DJO Global, Bauerfeind AG, Otto Bock Healthcare GmbH, Breg Inc., Ossur Hf, DeRoyal Industries Inc., BSN medical GmbH, Medi GmbH & Co. KG, THUASNE Group, 3M Company, Lohmann & Rauscher International, Alcare Company Ltd., McDavid Knee Guard Inc., FLA Orthopedics Inc., Frank Stubbs Co. Inc., Zimmer Biomet Holdings Inc., Ortec B.V., Tynor Orthotics, DUK-IN, Prime Medical Inc., Adhenor, Aspen Medical Products, Rcai, Truelife, Shanghai Huici Medical Technology Co. Ltd., Dynamic Techno Medicals Pvt. Ltd., Hely & Weber Orthopedics, Mueller Sports Medicine Inc., Procare Software LLC, Scheck & Siress Prosthetics Inc., Townsend Design

The orthopedic braces and support devices and equipment market report table of contents includes:

1. Executive Summary

2. Orthopedic Braces And Support Devices And Equipment Market Characteristics

3. Orthopedic Braces And Support Devices And Equipment Market Trends And Strategies

4. Orthopedic Braces And Support Devices And Equipment Market – Macro Economic Scenario

5. Global Orthopedic Braces And Support Devices And Equipment Market Size and Growth

26. South America Orthopedic Braces And Support Devices And Equipment Market

27. Brazil Orthopedic Braces And Support Devices And Equipment Market

28. Middle East Orthopedic Braces And Support Devices And Equipment Market

29. Africa Orthopedic Braces And Support Devices And Equipment Market

30. Orthopedic Braces And Support Devices And Equipment Market Competitive Landscape And Company Profiles

Top Major Players: