Orthopedic Braces and Support Market Size

Orthopedic Braces and Support Market Size

Orthopedic Braces and Support Market size was valued at around USD 4 billion in 2023 and is anticipated to expand at a CAGR of 5.8% from 2024 to 2032. The increasing prevalence of orthopedic diseases and disorders, growing number of road accidents and sport-related injuries and rising public awareness pertaining to preventive care are some of the key factors driving the market growth.

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The global population is aging, leading to a higher incidence of musculoskeletal conditions such as arthritis, tendonitis, and ligament injuries. For instance, according to the World Health Organization, as of 2022, approximately 1.71 billion people worldwide were affected by musculoskeletal conditions. These conditions necessitate ongoing management and support, with orthopedic braces playing a crucial role in improving mobility, reducing pain, and enhancing the overall quality of life.

Moreover, participation in sports and physical activities, while promoting a healthy lifestyle, also increases the risk of orthopedic injuries. Athletes and fitness enthusiasts often require orthopedic braces for injury prevention, stabilization during recovery, and support during strenuous activities. Therefore, the significant disease burden and the high prevalence of related disorders are anticipated to propel the market expansion.

Orthopedic braces and supports are medical aids designed to provide support, stability, and alignment to the musculoskeletal system. These devices are typically worn externally and are designed to support or immobilize specific joints or body parts, such as the spine, knees, ankles, wrists, and elbows. They aim to reduce pain, enhance mobility, prevent further injury, and aid in the healing process.