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The increasing prevalence of orthopedic diseases and disorders, including osteoarthritis, arthritis, and bursitis among others are significant factors driving the growth of the orthopedic support systems industry.
The braces & support segment was valued at around USD 2.2 billion in 2022 and is expected to exhibit substantial growth during 2023-2032, driven by an increasing number of knee injuries and technological advancements.
Orthopedic support systems industry was valued at USD 3.6 billion in 2022 and is projected to reach over USD 6.9 billion by 2032, driven by an increasing prevalence of orthopaedic diseases, growing public awareness pertaining to preventive care, and technological advancements.
3M Company, Alcare Company Ltd, Aspen Medical Products, Bauerfeind AG, Bird & Cronin, Incare are some of the major industry contenders.
The U.S. dominated the North American orthopedic support systems market in 2022 and expected to reach more than USD 2.5 billion by 2032 driven by the presence of leading industry players, and rising incidence of orthopedic diseases.