Key Factors Fueling the Growth of the Orthopedic Braces And Support Devices And Equipment Market in 2025: Growing Geriatric Population Drives Orthopedic Braces And Support Devices And Equipment Market
Discover trends, market shifts, and competitive outlooks for the orthopedic braces and support devices and equipment industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
How Has The Orthopedic Braces And Support Devices And Equipment Market Growth Evolved From 2024 To 2025, And What’s Ahead?
In recent times, there has been consistent growth in the market size for orthopedic braces, support devices, and equipment. On the projection from the year 2024 to 2025, it is expected to surge from $4.01 billion to $4.2 billion, reflecting a compound annual growth rate (CAGR) of 4.9%. The factors responsible for this progression in the past include an aging population, orthopedic injuries, rehabilitation, physical therapy exercises, and lifestyle and fitness inclinations.
In the coming years, the market size for orthopedic braces, support devices, and equipment is anticipated to experience stable growth. It is projected to increase to $5.05 billion in 2029, with a compound annual growth rate (CAGR) of 4.7%. The anticipated growth within this forecast period can be linked to the development of emerging markets, regulatory and reimbursement support, value-based healthcare, and individualized medicine. Notable trends within this forecast period encompass intelligent orthopedic braces, 3D printing, materials that are lightweight and breathable, as well as tele-rehabilitation and remote monitoring.
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What are the Fundamental Drivers and Innovations Shaping the Orthopedic Braces And Support Devices And Equipment Market?
An increase in the aging population is propelling the orthopedic braces and support devices and equipment market forward. As individuals grow older, their bones and connective tissues become frail, making them susceptible to injuries. For instance, in the US, 70% of the populace between the ages of 50 to 70 are living with osteoarthritis, and this figure is projected to escalate in the future. This element is one of the primary contributors to the expansion of this market.
How Is the Orthopedic Braces And Support Devices And Equipment Market Segmented?
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 And Elastic Braces and Supports, Hinged Braces and Supports, Hard And Rigid Braces and Supports
3) By End User: Hospitals, Home Healthcare, Clinics, Other End-Users
Subsegments:
1) By Lower Extremity Braces: Knee Braces, Ankle Braces, Foot Braces, Thigh Braces
2) By Upper Extremity Braces: Elbow Braces, Wrist Braces, Shoulder Braces, Hand Braces
3) By Back And Hip Braces: Lumbar Braces, Sacral Braces, Pelvic Braces, Hip Braces
4) By Other Braces: Neck Braces, Spinal Braces, Rib Braces
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Which Regions Are Driving the Next Phase of the Orthopedic Braces And Support Devices And Equipment Market Growth?
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.
Which Emerging Trends that Are Influencing the Orthopedic Braces And Support Devices And Equipment Industry Evolution?
Key players in the orthopedic braces and support devices and equipment market are concentrating their efforts on the creation of sophisticated items like unloader technology-based brace systems. The goal is to offer efficient pain management and improved mobility to osteoarthritis patients without the need for surgery. These brace systems use unloader technology to lessen pain and boost mobility by transferring weight away from injured or arthritic joints, therefore helping to redistribute forces that aid in healing and enhancing functional performance. As an example, in January 2024, Enovis Corporation, an American medical tech firm, introduced their DonJoy Roam OA knee brace. The brace is equipped with ‘Mag-align’ magnetic clips for perfect strap alignment, Set-and-Forget technology for easy use, and the BOA Fit System for customizable support. These advancements improve patient convenience and assurance, while providing efficient unloading and stabilization, thereby helping users maintain or elevate their level of activity.
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How Is the Orthopedic Braces And Support Devices And Equipment Market Defined and What Are Its Core Parameters?
Orthopedic braces and support devices and equipment are medical devices that provide external support to the musculoskeletal system, helping stabilize and protect injured bones, joints, muscles, and ligaments. They are commonly used in rehabilitation to promote healing, prevent further injury, and improve mobility. Their main purpose is to ensure proper alignment and recovery.
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