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Redding, California - May 16, 2024

Orthopedic Braces & Supports Market to be Worth $4.64 Billion by 2031

Orthopedic Braces & Supports Market Size, Share, Forecast, & Trends Analysis by Product (Knee, Shoulder, Ankle, Hand, Elbow) Type (Soft, Hinged, Hard) Application (ACL, Osteoarthritis, Compression, Rehabilitation) Distribution Channel – Global Forecast to 2031

Meticulous Research^®– a leading global market research company, published a research report titled ‘Orthopedic Braces & Supports Market Size, Share, Forecast, & Trends Analysis by Product (Knee, Shoulder, Ankle, Hand, Elbow) Type (Soft, Hinged, Hard) Application (ACL, Osteoarthritis, Compression, Rehabilitation) Distribution Channel – Forecast to 2031.’

According to this latest publication from Meticulous Research, the orthopedic braces & supports market is projected to reach $4.64 billion by 2031, at a CAGR of 5.4% during the forecast period. The growth of the orthopedic braces & supports market is driven by the increasing cases of bone fracture, the growing incidence of musculoskeletal disorders, and the growing availability & affordability of orthopedic support products. However, individuals’ tendency to ignore smaller injuries and low awareness regarding bracing-mediated orthopedic treatments restrain the growth of this market.

Additionally, the increasing availability of orthopedic support products on online portals & rising consumer awareness are expected to generate growth opportunities for the players operating in this market. Furthermore, the rising prevalence of orthopedic disorders & diseases and the increase in accidents & sports-related injuries are trends in the orthopedic braces & supports market.

Key Players:

The key players operating in the orthopedic braces & 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), Ottobock SE & Co. KGaA (Germany), Weber Orthopedic LP. (U.S.), and Stubbs Company Inc. (U.S.).

Orthopedic Braces & Supports Market: Future Outlook

The orthopedic braces & supports market is segmented based on product (knee braces & supports, ankle braces & supports, foot walkers & orthoses, back, hip, and spine braces & supports, neck & cervical braces & supports, shoulder braces & supports, elbow braces & supports, hand & wrist braces & supports, and facial braces & supports), type (soft & elastic braces & supports, hinged braces & supports, and hard & rigid braces & supports), application (ligament injury {anterior cruciate ligament injury and lateral collateral ligament injury}, preventive care, post-operative rehabilitation, osteoarthritis, compression therapy, and other applications), distribution channel (hospital pharmacies, retail pharmacies, e-commerce, and other distribution channels), and geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on product, the orthopedic braces & supports market is segmented into knee braces & supports, ankle braces & supports, foot walkers & orthoses, back, hip, and spine braces & supports, neck & cervical braces & supports, shoulder braces & supports, elbow braces & supports, hand & wrist braces & supports, and facial braces & supports. In 2024, the knee braces & supports segment is expected to account for the largest share of 29.7% of the orthopedic braces & supports market. Knee braces are used as a follow-up treatment after knee surgery resulting from patella tendonitis, sprained medial knee ligament, Posterior Cruciate Ligament (PCL) rupture, knee arthritis, Anterior Cruciate Ligament (ACL) rupture, torn knee cartilage, and runner’s knee, among other causes. The segment’s largest share is attributed to the advantages offered by knee braces & supports, which include comfort and flexibility due to the use of soft materials. Furthermore, the high usage of knee braces & supports to promote healing after sports injuries and during sports or daily exercise to prevent injuries also supports the segment’s largest share.

Based on type, the orthopedic braces & supports market is segmented into soft & elastic braces & supports, hinged braces & supports, and hard & rigid braces & supports. In 2024, the soft & elastic braces & supports segment is expected to account for the largest share of the orthopedic braces & supports market. The segment’s largest share is attributed to the increasing preference for soft braces & supports for preventive and post-operative care, the lower costs of these products compared to hard braces, and the wide availability of soft & elastic braces & supports on e-commerce platforms and at retail pharmacies.

Based on application, the orthopedic braces & supports market is segmented into ligament injury, preventive care, post-operative rehabilitation, osteoarthritis, compression therapy, and other applications. In 2024, the ligament injury segment is expected to account for the largest share of the orthopedic braces & supports market. The segment’s large share is attributed to the increasing cases of sports/exercise-related ligament injuries, ligament tearing due to lifting heavy objects, and overextension of the knee during sudden movements.

Based on distribution channel, the orthopedic braces & supports market is segmented into hospital pharmacies, retail pharmacies, e-commerce, and other distribution channels. In 2024, the retail pharmacies segment is expected to account for the largest share of the orthopedic braces & supports market. The large market share of this segment can be attributed to the increased availability of over-the-counter products at retail pharmacies and the easy accessibility & convenience offered by retail pharmacies.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of the orthopedic braces & supports market in North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, Denmark, Sweden, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and the Middle East & Africa (Saudi Arabia, United Arab Emirates, South Africa, and Rest of Middle East & Africa).

In 2024, North America is expected to account for the largest share of the orthopedic braces & supports market, followed by Europe and Asia-Pacific. Furthermore, in 2024, the U.S. is expected to hold the major market share in North America. North America’s large share is mainly attributed to the region’s advanced healthcare infrastructure, high prevalence of orthopedic diseases, high disposable incomes, and the presence of major orthopedic braces & supports manufacturers with well-established distribution channels.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5355

Key Questions Answered in the Report:

Which are the high-growth market segments in terms of product, type, application, distribution channel, and geography?
What was the historical market size for orthopedic braces & supports across the globe?
What are the market forecasts and estimates for the period 2024–2031?
What are the major drivers, restraints, opportunities, challenges, and trends in the orthopedic braces & supports market?
Who are the major players in the global orthopedic braces & supports market?
What is the competitive landscape like, 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 strategies are adopted by major players in the orthopedic braces & supports market?
What are the geographical trends, and which are the high-growth regions/countries?

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Redding, California - May 16, 2024

Orthopedic Braces & Supports Market to be Worth $4.64 Billion by 2031

Orthopedic Braces & Supports Market Size, Share, Forecast, & Trends Analysis by Product (Knee, Shoulder, Ankle, Hand, Elbow) Type (Soft, Hinged, Hard) Application (ACL, Osteoarthritis, Compression, Rehabilitation) Distribution Channel – Global Forecast to 2031

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