The global orthopedic bracing devices market is anticipated to grow at a considerable CAGR of 7.3% during the forecast period (2024-2031). The rising demand for orthopedic bracing devices in children, driven by the demand to address musculoskeletal issues such as scoliosis, clubfoot, and hip dysplasia, is fueling market growth. These custom devices play a crucial role in providing support, stability, and correction, ensuring proper bone and joint alignment during critical growth stages. An article published in September 2023, titled "Comfortably Treating Scoliosis with 3D-Printed Braces," emphasized the significant advancement offered by 3D-printed braces, which are customized through scans for scoliosis treatment. These lightweight and personalized braces not only improve patient compliance but also enhance the effectiveness of treating spine curvature. Wellstar Pediatric Orthopedics is pioneering this technology, aiming to extend 3D-mapping to brace limbs for nonsurgical options and to support teenagers' psychosocial development. Timely intervention in childhood helps prevent further deformities, enabling children to engage in daily activities and promoting long-term musculoskeletal health. Therefore, major players are introducing these products to meet the growing demand. In October 2023, OrthoPediatrics Corp. released the DF2 Brace, expanding its non-surgical offerings for pediatric musculoskeletal injuries.
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Specifically designed for children aged 6 months to 5 years with femur fractures, the DF2 Brace replaces traditional spica casts, offering immobilization. Supported by a multi-center trial, it has demonstrated equivalent outcomes to spica casts, eliminating the need for surgery and anesthesia in most cases. This innovative solution marks a significant advancement in pediatric orthopedics, providing effective alternatives to enhance patient care and outcomes. Furthermore, the growing acquisitions and collaborations accelerate the market growth. In January 2024, OrthoPediatrics acquired Boston Orthotics & Prosthetics for $22 million, enhancing its pediatric orthopedic treatment device portfolio. This strategic acquisition aligned with OrthoPediatrics' growth strategy, aiming to offer a comprehensive range of solutions to pediatric orthopedic surgeons and expand patient services.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Type of Device
o By Application
o By End-user
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape- including CONMED Corp., DePuy Synthes (a Johnson & Johnson company), Integra LifeSciences Holdings Corp., Smith & Nephew Plc, and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Orthopedic Bracing Devices Market Report Segment
By Type of Device
- Upper Extremity Braces
- Lower Extremity Braces
- Spinal Braces
- Others (Orthopedic Splints, Orthopedic Casts)
By Application
- Injury Rehabilitation
- Traumatic Injuries
- Osteoarthritis and Joint Pain Management
- Fracture Management
- Post-operative Support
- Preventive Care
By End-user
- Hospitals and Clinics
- Orthopedic Centers
- Ambulatory Surgical Centers (ASCs)
- Home Care Settings
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Orthopedic Bracing Devices Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
· Acumed LLC
· Aesculap, Inc. (B. Braun Company)
· Arthrex, Inc.
· BioHorizons Implant Systems, Inc.
· Bioventus LLC
· Cardinal Health Inc.
· DJO Global, Inc.
· Globus Medical Inc.
· Implantcast GmbH
· Invibio Ltd.
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