Orthopedic braces and supports are medical systems designed
to address issues related to musculoskeletal. These are used to protect,
support, stabilize, and correct the position of certain body parts. These are predominantly
used during the rehabilitation and recovery process. There are two types of
braces, namely, upper and lower limb, depending upon its application. Upper
limb braces are used for the recovery of injuries related to collarbones,
elbows, wrists, fingers, shoulders, and arms; while the lower limb braces are
fitted over the ankles, feet, legs, and knees. These devices allow recovering
mobility and function of the injured body part.
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Rise in number of joint disorders such as rheumatoid
arthritis and osteoarthritis, and increasing geriatric population, growing
number of lifestyle related disorders that leads to joint disorders, and
development of technologically advanced orthopedic braces & support systems
will drive the global orthopedic braces and supports market. Moreover, growing
awareness about advanced orthopedic braces & support systems coupled with
rise in need for improving standard of living and quality of life will further
stimulate the market growth. However, availability of alternative treatment
options and non-availability of customization options for over the counter
(OTC) orthopedic braces and systems will restrain the market growth.
Conversely, rise in orthopedic outsourcing, growing popularity of minimal
invasive surgeries, and development of user-friendly products are the current
industry trends which will further drive the market growth.
The global population is aging rapidly. Almost every
country is experiencing growth in the number and proportion of older people in
their population. As per the data revealed by United Nations Department of
Economic and Social Affairs, the global share of older people increased from
9.2% in 1990 to 11.7% in 2013 and will reach 21.1% by 2050. Further, it states
that the number of older people is projected to reach 2 billion in 2050 from
841 million people in 2013. Such high prevalence of elderly people will further
stimulate the demand for orthopedic braces and support systems.
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Elderly people are more prone to joint disorders such as
arthritis. Arthritis is one of the most common joint disorders in persons aged
65 years and above. According to a study conducted by Arthritis Foundation,
currently more than 50 million adult Americans have arthritis and this number
is expected to increase to 67 million by 2030 whereas around 300,000 children
have arthritis or some other form of rheumatic diseases. The risk of arthritis
is more prevalent in women than men. Thus, the rapidly aging population will
accelerate the demand for orthopedic braces & supports in near future. Such
high target population will bring in ample growth opportunities for the key
players to develop technologically advanced products.
In addition to this, the rising number of surgical
procedures conducted for the treatment of these joint disorders is set to
propel the market growth. As per the Centers for Disease Control and Prevention
(CDC) estimates, in the U.S., almost 65,000 shoulder replacement surgeries were
performed in 2012. Moreover, the National Institute of Health states that there
has been an increase of 393% in the number of surgeries performed related to
total shoulder arthroplasty from 2001 to 2010. Thus, these large numbers of
procedures will be in need of orthopedic braces and support systems after the
surgery for the recovery.
Moreover, increased focus of key players on the development
of innovative orthopedic braces and support systems to meet the unmet medical
needs will further propel the market growth. For instance, in March 2016, BSN
Medical exhibited a new line of Actimove orthopedic braces for osteoarthritis
of the thumb, at the American Academy of Orthopaedic Surgeons (AAOS) 2016
Annual Meeting. This product development helped the company to strengthen its
product portfolio to sustain its position in the market.
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Major players operating in this market are Bauerfeind AG,
McDavid Knee Guard, Inc., DeRoyal Industries, Inc., Allcare Company Ltd., Breg,
Inc., Otto Bock Healthcare GmbH, Össur Corporate, Frank Stubbs Co., Inc. FLA
Orthopedics, Inc. and DJO Global, Inc.
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