According to Market Research Future (MRFR), the global orthopedic braces market growth is estimated to cross USD 5.8 Billion at a CAGR of 6.1% from 2019 to 2025. The study provides for a thorough analysis of the effect of COVID-19 on current / future market situations.

The increase in the number of orthopedic surgeries is anticipated to fuel the global market's growth for orthopedic braces market size. In 2017, it was projected that almost 78 million U.S. adults over 18 years of age would be diagnosed with osteoarthritis by 2040. An increased geriatric population is expected to propel the market growth. The number of Americans aged 65 and older is estimated to nearly double from 52 million in 2018 to 95 million by 2060. Bones and connective tissues, such as ligaments and cartilage, are gradually damaged by increasing age. This poses a high risk of muscle injury, particularly in the knees and shoulders. This increases the need for braces to boost mobility.

Key Players

Some of the leading participants identified by MRFR in this market are Bauerfeind (Germany), Aspen Medical Products (US), Breg, Inc. (US), DeRoyal Industries, Inc. (US), Ottobock (Germany), Weber Orthopedic Inc. (US), DJO LLC (US), BSN medical (Germany), Frank Stubbs Company Inc. (US), THUASNE SA (France).

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Market Segmentation

The global market for orthopedic braces has been segmented into product, type, application, and end-user.

By Product

Knee Braces
Foot and Ankle Braces
Upper Extremity Braces
Others

By Type

Soft & Elastic Braces
Hinged Braces
Hard Braces

By Application

Ligament Injury
Preventive Care
Post-Operative Rehabilitation
Osteoarthritis
Others

By End-user

Orthopedic Clinics
Hospitals & Surgical Centers
Others

Regional Analysis

Regionally, the global market for orthopedic braces has been segmented into the Americas, Europe, Asia Pacific, and the Middle East and Africa.

The Americas is the largest market in the world. Favorable reimbursement of major orthopedic bracing procedures and favorable government regulations for the marketing of products are significant factors propelling the growth of the orthopedic braces market in this region. The involvement of highly developed European countries in the medical sector will fuel the market's growth for orthopedic braces in Europe.

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The Asia Pacific is the fastest-growing orthopedic brace market in the world. The growing geriatric population and the increasing number of cases of sports-related injuries are expected to augment the growth of the market in this area.

Rising healthcare spending and growing public awareness of orthopedic braces will boost demand for the orthopedic braces market in the Middle East and Africa.

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