Orthopedic Support Systems Market Analysis

Orthopedic Support Systems Market Analysis

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Based on product, the market is segmented into braces & support, splint, bandage & sleeves, and strap. The braces & support segment was valued at around USD 2.2 billion in 2022 and is expected to exhibit a robust growth trend throughout the analysis period.
 

• This high market share is owing to the increasing number of knee injuries such as anterior cruciate ligament (ACL). According to Medscape, in 2021, an estimated 200,000 ACL-related injuries occur annually in the U.S., with approximately 95,000 ACL ruptures. Approximately 100,000 ACL reconstructions are performed each year. The demand for knee braces & support has witnessed a significant increase, particularly as they are increasingly utilized as a part of follow-up treatment protocols post-knee surgery.
   
• Moreover, technological advancements and innovations in brace design have further propelled the braces & support segment's growth. These advancements include the utilization of lightweight and breathable materials, adjustable features, and improved ergonomics, making these devices more comfortable and user-friendly. Consequently, these factors are anticipated to play a crucial role in propelling the future market expansion of orthopedic support systems.
   

Based on application, the orthopedic support systems market is segmented as upper body extremities and lower body extremities. The lower body extremities held the largest revenue share in 2022 and was valued at USD 2.3 billion and is projected to expand at a CAGR of 6.7% during the forecast period to reach a market value of USD 4.3 billion by 2032.  This is primarily attributable to the growing incidence rate of knee disorders due to various factors, such as osteoarthritis, rheumatoid arthritis, and gout.
 

• Rheumatoid arthritis is a chronic autoimmune disease that primarily affects the joints, resulting in pain, inflammation, and joint deformities. These conditions can substantially impact the mobility and quality of life of older adults. According to the World Health Organization, in 2021, 18 million people worldwide were living with rheumatoid arthritis. Approximately 70% of individuals affected by rheumatoid arthritis are women, and 55% are older than 55 years.
   
• Orthopedic support systems, such as knee braces, joint supports, and other assistive devices, play a crucial role in managing the symptoms and improving the functionality of individuals with rheumatoid arthritis and other lower body extremities. Therefore, the rising prevalence of rheumatoid arthritis and related conditions worldwide is expected to drive the segment growth.
   

Based on patient, the orthopedic support systems market is segmented into adults and paediatrics. The adults segment held a significant share in 2022 and is projected to reach more than USD 6.1 billion by 2032.
 

• Adults often contend with a spectrum of musculoskeletal issues, ranging from sports-related injuries to age-related joint problems and chronic conditions. Sports enthusiasts and athletes turn to orthopedic support systems for injury management and prevention, while the ageing population relies on these systems to alleviate the effects of osteoarthritis and degenerative joint diseases.  
   
• According to the U.K. Health Security Agency, in 2019, arthritis and musculoskeletal (MSK) conditions affect over 17 million people across the U.K., causing pain, disability, fatigue and often anxiety, depression or social isolation. Adults with such chronic orthopedic conditions find respite and stability through orthopedic support systems. Thus, the diverse orthopedic requirements of the adult population have fostered the development of a wide array of tailored support systems, fueling the growth of orthopedic support systems.
   

The U.S. dominated the North American orthopedic support systems market with a significant market share in 2022 and is anticipated to expand at a notable pace to reach more than USD 2.5 billion by 2032.
 

• This notable market share can be attributed to various factors, including the presence of leading industry players, increasing demand for orthopedic support systems, and rising incidence of orthopedic diseases, among other key drivers.
   
• These leading industry players in the U.S. invest in research and development focusing on enhancing orthopedic support systems contributing to market progress. Innovations in the design and functionality of these devices are aimed at improving patient comfort and effectiveness in managing orthopedic conditions.
   
• Moreover, as the population ages, the incidence of musculoskeletal problems, such as osteoarthritis, back pain, and joint injuries, has been on the rise in the country. This has led to a higher demand for orthopedic support systems, including knee braces, ankle supports, and back braces, among others.
   
• Furthermore, medical insurance-providing companies such as Medicare and Medicaid in developed countries including the U.S. have focused their efforts on developing reimbursement for the geriatric population suffering from orthopedic diseases. Such a favorable scenario for better patient care and management proves beneficial for the overall business progression.