정형외과용 보조기 시장(2024-2031년)

Global Orthopedic Bracing Devices Market Size, Share & Trends Analysis Report by Type of Device (Upper Extremity Braces, Lower Extremity Braces, Spinal Braces, and Others), by Application (Injury Rehabilitation, Traumatic Injuries, Osteoarthritis and Joint Pain Management, Fracture Management, Post-operative Support, and Preventive Care), by End-User (Hospitals and Clinics, Orthopedic Centers, Ambulatory Surgical Centers, and Home Care Settings) Forecast Period (2024-2031)

The global orthopedic bracing devices market is anticipated to grow at a CAGR of 7.3% during the forecast period (2024-2031). Significant factors attributed to market growth including the growing prevalence of chronic and acute conditions, such as arthritis and sports injuries. A study published by National Institutes of Health (NIH), titled "Epidemiology of Sports-Related Injuries and Associated Risk Factors in Adolescent Athletes: An Injury Surveillance", In 2019, 40.5% of participants experienced an injury, with 39.0% of them occurring in previously injured areas. The average injury rate was 2.64 per 1000 hours, with soccer exhibiting the highest rate at 7.21.

Furthermore, key players in the market are dynamically involved in initiatives to improve product offerings and expand their market presence, which is anticipated to contribute to market growth. For instance, in February 2021, BREG, Inc. revealed two new product lines named Pinnacle and Ascend. These product lines consist of 15 orthopedic braces specifically designed for patients with spinal injuries. The launch of these new product lines indicates the company's development of its product portfolio, allowing it to offer a wider range of solutions to meet the requirements of patients with spinal injuries.

Segmental Outlook

The global orthopedic bracing devices market is segmented by type of device, application, and end-user. Based on the type of device, the market is sub-segmented into upper extremity braces, lower extremity braces, spinal braces, and others. Other include orthopedic splints and orthopedic casts. Based on the application, the market is sub-segmented into injury rehabilitation, traumatic injuries, osteoarthritis and joint pain management, fracture management, post-operative support, and preventive care. Further, based on the end-user, the market is sub-segmented into hospitals and clinics, orthopedic centers, ambulatory surgical centers, and home care settings. Among the type of device, the upper extremity braces sub-segment is anticipated to hold a considerable share of the market, owing to the increasing prevalence of upper extremity injuries, including fractures, sprains, and strains.

The Osteoarthritis (OA) and Joint Pain Management Sub-Segment is Anticipated to Hold a Considerable Share of the Global Orthopedic Bracing Devices Market

Among the applications, OA and joint pain management sub-segments are expected to grow over the forecast period. The segment growth is driven by the increasing prevalence of OA especially among the elderly population. According to the World Health Organization (WHO), in 2019, about 528 million people globally were living with OA: an increase of 113% since 1990. About 73.0% of people living with osteoarthritis are aged above 55 years, and 60.0% are female. With a prevalence of 365 million, the knee is the most frequently affected joint, followed by the hip and the hand. This rising OA cases, coupled with its significant contribution to disability among musculoskeletal conditions, underscores the demand for orthopedic bracing devices to manage pain and improve mobility. In December 2021, Work-Related Musculoskeletal Disorders Statistics in Great Britain reported that 470,000 workers suffered from work-related musculoskeletal disorders in 2020/21, highlighting the demand for effective solutions including orthopedic bracing devices.

Regional Outlook

The global orthopedic bracing devices market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, Europe is anticipated to grow over the forecast period, owing to the growing demand for orthopedic bracing devices, orthopedic surgeries, and post-operative care, the growing number of rising incidences of musculoskeletal disorders, and technological advancements driving the orthopedic bracing devices market in Europe.

The North American region is Expected to Grow at a Significant CAGR in the Global Orthopedic Bracing Devices Market

North America is expected to hold a prominent share in the orthopedic bracing devices market, owing to the increasing number of orthopedic surgeries, such as joint replacements and ligament repairs, which demand the use of orthopedic bracing devices during the post-operative phase for support, stability, and faster recovery. The American Joint Replacement Registry (AJRR) 2023 accounted for over 3.1 million primary and revision hip and knee arthroplasty procedures performed between 2012 and 2022. This is a 23% growth in procedural cases from the prior report 2021.

In addition, Ambulatory surgery centers (ASCs) continue to play an increasingly important role in the delivery of total joint arthroplasty care in the US. There are now 42,228 procedural cases reported by ASCs, an 84% increase since 2022. Furthermore, a significant increase in these surgeries, owing to the high percentage of the geriatric population experiences these surgical procedures. Furthermore, an increasing geriatric population is associated with an increase in joint reconstruction surgery, thus boosting the market studied in the region. In April 2022, Statistics Canada published the article "A portrait of Canada's growing population aged 85 and older from the 2021 Census", that there were 7.3 million people aged 65 and older in the country. Over the next 25 years (by 2046), the population aged 85 and older could triple to almost 2.5 million people.

Market Players Outlook

The major companies serving the global orthopedic bracing devices market include 3M Co., DJO LLC, Ottobock SE & Co. KGaA Ossur hf., Zimmer Biomet Holdings, Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in January 2024, Enovis Corp. acquired LimaCorporate S.p.A., an orthopedic implant solutions company, which enhances Enovis' portfolio with a range of orthopedic medical devices, including braces.

The Report Covers:

• Market value data analysis of 2023 and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global orthopedic bracing devices market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

Table of Contents

1.Report Summary

• Current Industry Analysis and Growth Potential Outlook
• 1.1.Research Methods and Tools
• 1.2.Market Breakdown
  • 1.2.1.By Segments
  • 1.2.2.By Region

2.Market Overview and Insights

• 2.1.Scope of the Report
• 2.2.Analyst Insight & Current Market Trends
  • 2.2.1.Key Findings
  • 2.2.2.Recommendations
  • 2.2.3.Conclusion

3.Competitive Landscape

• 3.1.Key Company Analysis
• 3.2.CONMED Corp.
  • 3.2.1.Overview
  • 3.2.2.Financial Analysis
  • 3.2.3.SWOT Analysis
  • 3.2.4.Recent Developments
• 3.3.DePuy Synthes (Johnson & Johnson Co.)
  • 3.3.1.Overview
  • 3.3.2.Financial Analysis
  • 3.3.3.SWOT Analysis
  • 3.3.4.Recent Developments
• 3.4.Integra LifeSciences Holdings Corp.
  • 3.4.1.Overview
  • 3.4.2.Financial Analysis
  • 3.4.3.SWOT Analysis
  • 3.4.4.Recent Developments
• 3.5.Smith & Nephew Plc
  • 3.5.1.Overview
  • 3.5.2.Financial Analysis
  • 3.5.3.SWOT Analysis
  • 3.5.4.Recent Developments
• 3.6.Key Strategy Analysis

4.Market Segmentation

• 4.1.Global Orthopedic bracing devices Market by Type of Device
  • 4.1.1.Upper Extremity Braces
  • 4.1.2.Lower Extremity Braces
  • 4.1.3.Spinal Braces
  • 4.1.4.Others (Orthopedic Splints, Orthopedic Casts)
• 4.2.Global Orthopedic bracing devices Market by Application
  • 4.2.1.Injury Rehabilitation
  • 4.2.2.Traumatic Injuries
  • 4.2.3.Osteoarthritis and Joint Pain Management
  • 4.2.4.Fracture Management
  • 4.2.5.Post-operative Support
  • 4.2.6.Preventive Care
• 4.3.Global Orthopedic bracing devices Market by End-User
  • 4.3.1.Hospitals and Clinics
  • 4.3.2.Orthopedic Centers
  • 4.3.3.Ambulatory Surgical Centers (ASCs)
  • 4.3.4.Home Care Settings

5.Regional Analysis

• 5.1.North America
  • 5.1.1.United States
  • 5.1.2.Canada
• 5.2.Europe
  • 5.2.1.UK
  • 5.2.2.Germany
  • 5.2.3.Italy
  • 5.2.4.Spain
  • 5.2.5.France
  • 5.2.6.Rest of Europe
• 5.3.Asia-Pacific
  • 5.3.1.China
  • 5.3.2.India
  • 5.3.3.Japan
  • 5.3.4.South Korea
  • 5.3.5.Rest of Asia-Pacific
• 5.4.Rest of the World

6.Company Profiles

• 6.1.Acumed LLC
• 6.2.Aesculap, Inc. (B. Braun Company)
• 6.3.Arthrex, Inc.
• 6.4.BioHorizons Implant Systems, Inc.
• 6.5.Bioventus LLC
• 6.6.Cardinal Health Inc.
• 6.7.DJO Global, Inc.
• 6.8.Globus Medical Inc.
• 6.9.Implantcast GmbH
• 6.10.Invibio Ltd.
• 6.11.Medtronic plc
• 6.12.NuVasive, Inc.
• 6.13.Orthofix Medical Inc.
• 6.14.OsteoMed LLC (Colson Associates company)
• 6.15.Stryker Corporation
• 6.16.Tecres S.p.A.
• 6.17.Zimmer Biomet Holdings, Inc.