The orthopedic braces and supports market size was valued at USD 4,395.2 billion in 2021 and is poised to grow at a significant CAGR of 6.3% during the forecast period 2022-28. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on" Global Orthopedic Braces and Supports Market By Product Type (Ankle Braces and Supports, Hip, Back, & Spine Braces and Supports, Knee Braces and Supports, Elbow Braces and Supports , Hand/Wrist Braces and Supports, Shoulder Braces and Supports and Others), By Brace Type (Hard Braces and Supports, Hinged Braces and Supports, Soft & Elastic Braces and Supports), By Application (Compression Therapy, Post-operative Rehabilitation, Osteoarthritis, Ligament Injury, Preventive Care and Others) and Geography – Global/Region/Country Forecast to 2028

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The Knee Braces and Supports Dominate the Global Orthopedic Braces and Supports Market

Based on product type, Global Orthopedic Braces and Supports Market segmented into Ankle Braces and Supports, Hip, Back, & Spine Braces and Supports, Knee Braces and Supports, Elbow Braces and Supports, Hand/Wrist Braces and Supports, Shoulder Braces and Supports and Others. The knee braces and supports held highest CAGR of 14.8% during the estimated period. Knee braces held larger revenue share during the forecast period as there is increase in sport activities thereby, an increase in the prevalence of sports injuries coupled with surge in adoption of braces and supports across globe.

North America Leads the Global Orthopedic Braces and Supports Market

PBI’s Global Orthopedic Braces and Supports Market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. North America accounted highest CAGR of 14.6% in Global Orthopedic Braces and Supports Market. North America market is likely to record a notable growth in the following few years, owing to the growing number of sports injury cases in USA and Canada coupled with favorable reimbursement policies for the braces and supports in the region. Surge in sport activities also in children and teen age group is contributing for market growth. For instance, in USA approximately 3.5 Mn sports occurs each year. Moreover, reimbursement from Medicare and Medicaid in the USA also surge the growth of market in the future. Moreover, high adoption of e-commerce purchasing also significantly enhance the growth of market in the North America region.

Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players

Global Orthopedic Braces and Supports Market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance,

In February 2018, Breg, Inc. designed Ultra Aurora, a latest ankle brace designed as a hybrid between the Ultra Zoom and the Ultra High-5 models

 In January 2021, DJO, LLC acquired Trilliant Surgical, a national provider of foot and ankle orthopedic implants to strengthen its portfolio in USA Foot and Ankle segment

Key player’s profiles in the report are Ossur, BREG, Inc., DeRoyal Industries, Inc., Bauerfeind, ALCARE Co., Ltd., Ottobock, Fillauer LLC, Frank Stubbs Company Inc., McDavid, Hely & Weber.

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