Orthopedic Support Systems Market Size By Product (Braces, Splint, Bandage & Sleeves, Strap), By Application (Upper Body Extremities {Shoulder, Elbow, Hand and Wrist}, Lower Body Extremities {Ankle, Knee, Foot, Hip and Back}), By Patient (Adult, Paediatric), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Industry Trends

Orthopedic Support Systems Market size was valued over USD 2.7 billion in 2020 and is projected to grow at around 8% CAGR between 2021 and 2027. Market growth is primarily driven by continuous product commercialization and greater product affordability. Rising incidences of knee and leg injuries and increasing prevalence of orthopedic diseases is augmenting the number of people utilizing orthopedic support systems. Geriatric population is considered as one of the highest contributors responsible for the growing demand for orthopedic support systems. Furthermore, increasing public awareness pertaining to preventative care and technological advancements are a few of the other factors contributing to the market expansion.
 

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Several authorities are engaged in regulation of orthopaedic support systems to ensure safety and efficacy of these devices. A majority of the orthopaedic support systems are approved by the U.S. Food and Drug Administration (USFDA) via premarket notification. In addition, Occupational Safety and Health Administration (OSHA) has included two items related to orthopaedic devices in the final definition of first aid such as elastic bandages and wraps. As per the OSHA, the use of orthopaedic devices including splints should be considered as medical treatment and not first aid.
 

The outbreak of SARS-CoV-2 pandemic at a global level is an unprecedented health concern and has slightly impacted the orthopedic support systems market. Social distancing, the lockdown and limited access to clinics, slow-down in-patient flow and referrals declined the demand for orthopaedic support systems during the beginning of the pandemic. However, increasing number of injuries and accidents post the upliftment of lockdown, and continuous rise in incidences of orthopaedic disorders is slowly fuelling the demand for orthopaedic support systems. Additionally, resources such as manpower and equipment are being redirected to meet the care demands of a steadily increasing number of COVID-19 positive patients. This factor further contributes to the rising demand for orthopaedic support systems.
 

Rise in cases of sports and accident-related injuries will drive the demand for orthopedic support systems. Growing number of sports activities across the globe are giving rise to sports-related injuries. Athletes are prone to suffer from injuries that can further lead to ligament injury while gaining health benefits through fitness-related activities such as running, cycling and others. Indoor athletes are also at a high risk of injury including ankle ligament tear.
 

According to a report by the National Center for Biotechnology Information (NCBI), the worldwide rate of accidental injuries is 61 per 100,000 population, annually. Accidental injuries are the leading cause of disabilities with lifelong consequences in children worldwide. Therefore, the utilization and demand for orthopedic support supplies is boosting at a moderate pace.
 

Growing preference for braces will spur the business growth

Braces segment in the orthopedic support systems market accounted for USD 1.38 billion in 2020 owing to the increasing number of knee surgeries associated with injuries such as anterior cruciate ligament (ACL), runner’s knee, patella tendonitis and torn knee cartilage. Knee braces are in huge demand as they are utilized as a follow-up treatment post knee surgery associated with injuries. Rising favourable reimbursement scenario for knee braces is contributing to the growing demand for orthopedic braces. Moreover, ankle braces are recommended by the orthopedicians to patients for treating acute ankle sprain. Athletes utilize orthopedic braces to protect themselves from further injury during sports activities for unwanted movement during matches that facilitate convenient play.
 

Rising demand for orthopedic support systems for lower extremities will enhance the market value

Lower body extremities application exceeded USD 1.71 billion in 2020 led by the growing geriatric population suffering from knee-related disorders including osteoarthritis. As per a recent study, the prevalence of osteoarthritis among the elderly is around 56% across the globe. Connecting tissues and bones such as cartilages and ligaments naturally weaken with growing age that poses a high risk for muscle injury mainly in shoulder and knees of the elderly resulting in influencing the demand for braces and support for mobility. Growing need to support the weak limbs contributes to fostering the demand for orthopedic braces and support systems worldwide.
 

Increasing pediatric population suffering from orthopedic disorders will spur the market revenue

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The orthopedic support systems market for pediatric segment is anticipated to witness 8.7% growth rate till 2027 impelled by the growing number of pediatric disorders coupled with growing pediatric population across the globe. Pediatric patients are prone to suffer from musculoskeletal and bone disorders due to weakly developed skeletal and muscular system in childhood stage. This factor is elevating the demand for orthopedic support systems to treat patients in pediatric population. In addition, the trend of participating in sport activities among the pediatric population is being highly adopted and poses the risk for sport-related injuries, thereby contributing the rising demand for orthopedic support systems.
 

Rising healthcare expenditure in North America will foster the regional growth

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U.S. orthopedic support systems market is poised to expand at a 7.3% CAGR through 2027 propelled by the rising adoption of orthopedic braces that aid in mobility and prevent further injury. The U.S. population is at a risk of osteoporosis arising due to the high number of obese people that is further augmenting the adoption of orthopedic support systems. Several major market players are shifting toward the usage of 3D printing capabilities. Furthermore, small and medium-sized manufacturers in orthopaedics, along with start-ups, are attracting global players to invest in the U.S. orthopedic sector.
 

Germany dominated the Europe market and accounted for USD 191 million in 2020 owing to the presence of well-developed infrastructure, availability of advanced products and skilled professionals. According to the statistics published by a recent research article, the German population aged 65 years or above accounted around 22% of the total population in 2019. Thus, growing geriatric population in the country is also contributing to the market demand. Increasing number of accidents and venture capital funding is further contributing to the demand and supply of orthopedic support systems in the country.
 

Several strategic initiatives implemented by major market leaders will boost the market growth

Some of the major companies operating in the market include Breg, Inc, DeRoyal Industries, Inc., DJO Global, Inc., Bauerfeind AG, Alcare Company Ltd., Otto Bock Healthcare GmbH, Ossur Corporate, FLA Orthopedics, Inc. and medi GmbH & Co. KG among others. The major industry participants focus on strategic mergers, acquisitions and collaborations in order to launch new products to expand their geographical presence and product portfolio. These industry leaders are engaged in making investments that enables these players to garner maximum revenue share.
 

Orthopedic support systems market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027, for the following segments:

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Market, By Product, 2016 - 2027 (USD Million)

• Braces
• Splint
• Bandage & Sleeves
• Strap

Market, By Application, 2016 - 2027 (USD Million)

• Upper Body Extremities
  • Shoulder
  • Elbow
  • Hand and Wrist
• Lower Body Extremities
  • Ankle
  • Knee
  • Foot
  • Hip and Back
  • Others

Market, By Patient, 2016 - 2027 (USD Million)

• Adult
• Pediatric

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE