Orthopedic Braces Industry Statistics

In this post, we will explore the latest statistics and trends in the global orthopedic braces and supports industry. From market size values to growth projections and regional dynamics, these statistics paint a comprehensive picture of an evolving market with significant opportunities for both industry players and consumers. Let’s dive into the numbers that shape the orthopedic braces landscape.

Statistic 1

"The global orthopedic braces and supports market size was valued at USD 3.1 billion in 2020."

Statistic 2

"It is projected to expand at a compound annual growth rate (CAGR) of 5.8% from 2021 to 2028."

Statistic 3

"From 2019 - 2025, the Asia-Pacific region had the fastest growth in the orthopedic braces market."

Statistic 4

"The knee braces and supports segment dominated the market with a share of over 30.0% in 2020."

Statistic 5

"The orthopedic braces and supports market in North America was valued at USD 1.23 billion in 2019."

Statistic 6

"The lower extremity braces and supports segment accounted for the largest share of more than 60.0% in 2020."

Statistic 7

"Europe followed North America with a significant market share due to the high prevalence of obesity and arthritis."

Statistic 8

"The Asia Pacific market is expected to showcase a growth rate of 6.1% from 2021 to 2028."

Statistic 9

"In orthopedic braces market, soft and elastic braces segment is projected to grow at the highest CAGR of 4.4% during the forecast period."

Statistic 10

"About 30% of the people in the world aged 65 or above have a physical disability which positively impacts the growth of the orthopedic braces market."

Statistic 11

"In 2017, Ekso Bionics revenue in the U.S reached up to the US $8.4 Million from the orthopedic braces segment."

Statistic 12

"Over 60% of the orthopaedic braces market was held by the five leading players in 2017."

Statistic 13

"The predictive braces segment is projected to grow at 8.1% CAGR during 2019-2025."

Statistic 14

"Ossur dominated the global market of orthopedic braces and supports market in 2018."

Statistic 15

"Post-operative and injury rehabilitation segment dominated with over 40.5% share in 2020 in the orthopedic braces and supports market."

Statistic 16

"The market for orthopedic bracing and support products used exclusively for pediatric injury treatment and disease management will increase to nearly $2.4 billion in 2024."

Statistic 17

"The prophylactic braces are expected to witness the fastest growth over 6.9% from 2021 to 2028."

Statistic 18

"Orthopedic bracing devices market is projected to exhibit a CAGR of over 6.3% during the forecast period."

In conclusion, the global orthopedic braces and supports market is witnessing significant growth with projections indicating a steady expansion over the forecast period from 2021 to 2028. The Asia-Pacific region emerges as a key driver of this growth, particularly in the lower extremity braces and supports segment. With distinct market dominance seen in various segments such as knee braces and post-operative rehabilitation products, the industry continues to attract increasing attention and investment. Additionally, the rise in physical disabilities among the elderly population further bolsters the demand for orthopedic braces, pointing towards a lucrative future for the market.