The Global Orthopedic Braces & Support, Casting & Splints Market is estimated to be valued at USD 7.50 Bn in 2024 and is expected to reach USD 11.85 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031. The global orthopedic braces & support, casting, & splints market has been growing significantly over the past few decades. Orthopedic braces and supports are devices used for stabilizing injured or weakened joints and bones. They aid in immobilization, provide support, improve posture, and assist movement. Casting devices such as plaster casts are used to immobilize broken bones while they heal. Splints are lightweight and removable braces that help stabilize fractures or injuries. The increasing geriatric population prone to orthopedic conditions and the rising prevalence of lifestyle diseases affecting bone and joint health are key factors driving demand for orthopedic braces, supports, casting, and splints. Additionally, the growing number of sports and accident-related injuries further contributes to the market's expansion. Moreover, advancements in material science have led to the emergence of new materials for manufacturing lightweight, comfortable, and aesthetically improved orthopedic devices. This is further expanding the application scope of such products.

Market Dynamics:

Global orthopedic braces & support, casting & splints market is expected to grow at a steady pace during the forecast period. The growing geriatric population worldwide prone to chronic orthopedic conditions such as osteoarthritis is a major driver for this market. Moreover, rising prevalence of obesity and lifestyle diseases is contributing to impairments in bone and joint health, thereby increasing the need for orthopedic braces, casts and splints. In March 2024, according to estimates by WHO, over 1.9 billion adults were overweight in 2016 and 650 million were obese. Additionally, increasing participation in sports and recreational activities has led to a surge in the number of accidental bone fractures and sprains, thus propelling the demand for related orthopedic devices. However, high costs of orthopedic products, availability of alternative treatment options such as orthopedic surgery, lack of awareness regarding newer products in some regions are some of the key factors expected to restrain market growth. Emergence of 3D printing technology creating opportunities for customized orthopedic devices can present lucrative opportunities for players in the coming years.

Key features of the study:

• This report provides in-depth analysis of the global orthopedic braces & support, casting & splints market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global orthopedic braces & support, casting & splints market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include 3M Company, DJO Global, Inc., Stryker Corporation, Zimmer Biomet, Breg, Inc., DeRoyal Industries, Inc., Ossur Hf, Bauerfeind AG, Medi GmbH & Co. KG, Ottobock SE & Co. KGaA, Smith & Nephew, Trulife, Orfit Industries N.V., Prime Medical, Inc., and Bird & Cronin, LLC
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global orthopedic braces & support, casting & splints market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global orthopedic braces & support, casting & splints market.

Market Segmentation

•  Product Insights (Revenue, USD Bn, 2019 - 2031)
• • Casting Supplies & Equipment
    • Plaster Casts
    • Casting Tapes
    • Cast Cutters
    • Casting Tools and Accessories
  • Splinting Supplies & Equipment
    • Fiberglass Splints
    • Plaster Splints
    • Other Splints
    • Splinting Tools and Accessories
  • Orthopedic Braces and Supports
    • Upper Extremity Braces and Support
    • Low Extremity Braces and Support
•  Material Insights (Revenue, USD Bn, 2019 - 2031)
• • Metal
  • Fabric
  • Thermoplastic
  • Others (Fiberglass/Polyester Casting Tape, etc.)
•  Application Insights (Revenue, USD Bn, 2019 - 2031)
• • Fracture Management
  • Ligament Injury Support
  • Osteoarthritis Aid
  • Post-operative Care
  • Others (Kyphosis, Scoliosis, etc.)
•  Distribution Channel Insights (Revenue, USD Bn, 2019 - 2031)
• • Orthopedic Clinics
  • Hospitals
  • Over-the-Counter (OTC)
  • E-commerce
  • Others
• Regional Insights (Revenue, USD Bn, 2019 - 2031)
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
  • 3M Company
  • DJO Global, Inc.
  • Stryker Corporation
  • Zimmer Biomet
  • Breg, Inc.
  • DeRoyal Industries, Inc.
  • Ossur Hf
  • Bauerfeind AG
  • Medi GmbH & Co. KG
  • Ottobock SE & Co. KGaA
  • Smith & Nephew
  • Trulife
  • Orfit Industries N.V.
  • Prime Medical, Inc.
  • Bird & Cronin, LLC