Orthopedic Braces and Supports Market Size, Share, and Trends 2024 to 2033

Orthopedic Braces and Supports Market Size and Forecast

The global orthopedic braces and supports market size was USD 3.97 billion in 2023, accounted for USD 4.26 billion in 2024, and is expected to reach around USD 8.03 billion by 2033, expanding at a CAGR of 7.3% from 2024 to 2033.

Orthopedic Braces and Supports Market Key Takeaways

• North America accounted for 41.75% of revenue share in 2023.
• By type, the soft & elastic braces and supports segment accounted for 81% of revenue share in 2023.
• By application, the preventive care segment has captured a 39% revenue share in 2023.
• By end-use, the orthopedic clinic's segment has held a 29% revenue share in 2023.
• Asia Pacific is expected to grow at a CAGR of 9.1% during the timeframe 2024 to 2033.

U.S. Orthopedic Braces and Supports Market Size and Growth 2024 to 2033

The U.S. orthopedic braces and supports market size was estimated at USD 1.16 billion in 2023 and is predicted to be worth around USD 2.48 billion by 2033, at a CAGR of 7.9% from 2024 to 2033.

North America accounted revenue share of around 41.75% in 2023. This is due to the presence of key market players and technologically equipped hospitals in the U.S. and Canada. Europe held the second-highest market share after North America. This is owing to the rising aging population and prevalence of chronic disease in this region which in turn is leading to rising in the number of surgeries. According to the Federal Statistical Office, approximately 17.2 million surgeries were done in Germany in the year 2019, with spinal, intestinal, and hip implant surgeries, endoscopic, and others.

Asia-pacific is anticipated to be the fastest growing market during the forecast year. The demand for orthopedic braces and support in this region is rising due to the increasing geriatric and obese population along with the rising prevalence of orthopedic & diabetes-related diseases in this region and increasing healthcare expenditure in countries like India, China, Japan, and others.

Orthopedic Braces and Supports Market Growth Factors

The rising prevalence of orthopedic diseases and disorders, continuous commercialization of products, greater affordability of products and easy accessibility in the market, an increasing number of sports & accident-related injuries, and rising consumer awareness about preventive care and others are fueling the growth of orthopedic braces and supports market. Growing sales of online as well as off-the-shelf products, along with the development and promotion initiatives taken by the key market players, are likely to offer immense growth opportunities of growth for the market in terms of value sales. 

Additionally, increasing amateur sports and activity levels, a growing geriatric population, and a rising number of elective orthopedic surgeries such as knee replacement and others are likely to propel the demand for high-end products including postoperative bracing solutions and unloader OA bracing products. The rising prevalence of osteoarthritis, the most common orthopedic ailment, is driving up the product demand in the market. It's the most prevalent type of arthritis, and it affects people of all ages.

According to The Centers for Disease Control and Prevention (CDC), about 78 million of U.S. adults above 18 years of age are likely to be diagnosed with arthritis by the year 2040.

The geriatric population is one of the largest contributors in accelerating the demand for orthopedic braces and supports in the market. Bones and connecting tissues, such as ligaments & cartilage, naturally become weak with age. This increases the chance of muscular injury, particularly in the knees and shoulders of the aging population.

The weakening of bones & tissues makes the joint's movement stiff, which risen the demand for braces and supports to enhance mobility. Sprains and tears of the anterior cruciate ligament (ACL) are also common among athletes who participate in high-demand sports including football, gymnastics, soccer, downhill skiing, and basketball. As the pandemic's movement restrictions were removed, incidences resulting from the potential consequence of detraining come out to be a major contributor to ACL injury.

Orthopedic Braces and Supports Market Scope 

Product Insights

By product, the braces & supports segment accounted largest revenue market share in 2023. 

Knee braces and supports segment is expected to grow at the highest growth rate from 2024 to 2033 owing to the various benefits provided by the products which include medial & lateral support, minimized rotation of the knee, injury during motion, and protection against the post-surgical risk of injury.

Type Insights

Based on type, the orthopedic braces & supports market is divided into hard braces and supports, hinged braces and supports, and soft & elastic braces and supports. The soft & elastic braces and supports segment is anticipated to witness the highest growth rate during the forecast year. The increasing availability of improved products, increasing adoption & consumer preference for orthopedic braces in post-operative and preventive care, and supportive reimbursement scenario for the target products in the market are contributing towards the growth of the market in terms of value sales.

Application Insights

Based on application, the market is divided into ligament injury, preventive care, osteoarthritis, compression therapy, post-operative rehabilitation, and others. The ligament injury segment accounted for the highest market share in the year 2023. This is mainly attributable to the rising participation of individuals in sports & athletic activities, the rising number of accidents globally, and the increasing availability of medical reimbursement for ligament injuries which has increased the demand for orthopedic braces & supports in the market.

Orthopedic Braces and Supports Market Companies

• Ossur
• BREG, Inc.
• DeRoyal Industries, Inc.
• Bauerfeind
• ALCARE Co., Ltd.
• Ottobock
• Fillauer LLC
• Frank Stubbs Company Inc.
• McDavid
• Hely& Weber

Recent Developments

• In July 2021, DJO LLC has renewed its partnership with USA Lacrosse. Since 2017, DJO has been the Official Sports Brace of USA Lacrosse and the US National Teams, and the contract has been renewed until 2024.
• In July 2021, Ossur HF has introduced the Rebound Post-Op Elbow Brace in the market.
• In Feb 2021, Breg, Inc. has launched 15 new products of the Pinnacle and the Ascend Portfolio under the spinal braces segment.
• In June 2020, DJO LLC has introduced the X-ROM Post-Op Knee Brace in the market.

Segments Covered in the Report

By Product

• Knee Braces and Supports
  • Knee Braces for Osteoarthritis and Ligament Injuries
  • Post-operational Knee Braces
• Ankle Braces and Supports
  • Soft Braces
  • Hinged Braces
• Foot Walkers and Orthoses
• Hip, Back, And Spine Braces and Supports
  • Neck & Cervical Spine Braces and Supports
  • Lower Spine 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

• Subcutaneous
• Intramuscular
• Preventive Care
• Ligament Injury
  • Anterior Cruciate Ligament Injury
  • Lateral Collateral Ligament Injury
  • Other Ligament Injuries
• Post-operative Rehabilitation
• Osteoarthritis
• Compression Therapy
• Other 

By End-User

• Orthopedic Clinics
• Over the Counter (OTC)
• Hospitals
• DME Dealers
• Others

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)