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.
Key Takeaways of the Orthopedic Braces & Support, Casting & Splints Market:
Market Overview:
Rising number of orthopedic diseases and injuries among the geriatric and pediatric population around the world is the major factor driving the demand for orthopedic braces & support, casting & splints. Additionally, growing participation in sports and outdoor activities that increase the risk of musculoskeletal injuries is also contributing to the growth of this market. Furthermore, increasing obesity prevalence and associated musculoskeletal problems has been elevating the need for orthopedic braces for knee, ankle, and back support. However, high cost of orthopedic braces and availability of alternative treatment methods are expected to somewhat restrain the market growth during the forecast years.
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Product Insights - Superiority of modern casting techniques and materials
In terms of product, the casting supplies & equipment segment is expected to contribute the highest share of the market with a share of 43.1% in 2024 owing to advancements in casting methods and materials. Traditional plaster casts are being increasingly replaced by synthetic and lightweight casting tapes, cuts, and braces that provide superior strength, comfort, and mobility during recovery. Fiberglass materials allow for maximum breathability while still immobilizing injuries. Prefabricated and customizable casting tools have streamlined the entire process, reducing treatment times. Cutting-edge casting machines offer precise, computer-controlled molding to any body part. This shift to higher performance casting solutions meets the demands of patients seeking faster healing and rehabilitation.
Material Insights - Metal's enduring qualities in orthopedic devices
In terms of material, the metal segment is expected to contribute the highest share with 22.1% in 2024 owing to its intrinsic durability. While other materials offer certain advantages, metal braces, supports, and splints retain their rigidity and load-bearing capabilities over extensive usage periods. The malleability and workability of metals allows for intricate customization to patients' unique conditions. Metals also exhibit corrosion resistance important for wound protection and device longevity. Their weight, although sometimes a perceived disadvantage, provides stabilization especially during strenuous physical rehabilitation exercises. With refined production techniques addressing previous concerns around weight and comfort, metal continues serving as the gold standard material for orthopedic devices.
Application Insights - Management of bone and ligament trauma
In terms of application, the fracture management segment is expected to contribute the highest share with 32.5% in 2024 due to its critical role in healing broken bones and setting them in place for knitting. Casting/splinting a fracture restores stability while the bone reforms, preventing further injury and pain. A wide array of fixtures exists to immobilize differing fracture types along with triage capabilities for complex breaks. Ligament tears and ruptures, although painful, also require timely bracing/supports for tissue regrowth without re-injury risk. Beyond two primary segments, the management of other orthopedic traumas and post-surgical needs demonstrates strong growth potential through effective stabilization solutions.
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North America Orthopedic Braces & Support, Casting & Splints Market Trends
North America's dominance in the orthopedic braces & support, casting & splints market, with a 36.3% share in 2024, is driven by the strong presence of leading medical device manufacturers, advanced healthcare infrastructure, increased healthcare spending, and a growing geriatric population more susceptible to orthopedic disorders. Notable companies in the region, such as 3M, Össur, and DJO Finance LLC, have significantly contributed to the market growth through new product launches and expansion of manufacturing facilities.
Asia Pacific Orthopedic Braces & Support, Casting & Splints Market Trends
The Asia Pacific exhibits the fastest growth in the orthopedic braces & support, casting & splints market with a share of 25.3% in 2024 owing to increasing healthcare expenditure, large patient pools, and government efforts to improve access to modern medical technologies in countries like China and India.
Orthopedic Braces & Support, Casting & Splints Market Outlook for Key Countries:
U.S. Orthopedic Braces & Support, Casting & Splints Market Trends
The U.S. orthopedic braces & support, casting & splints market is driven by a high prevalence of musculoskeletal conditions. In June 2024, according to the Centers for Disease Control and Prevention (CDC), approximately 54 million U.S. adults were affected by arthritis between 2013 and 2015, leading to increased demand for orthopedic supports.
Germany Orthopedic Braces & Support, Casting & Splints Market Trends
The orthopedic braces & support, casting & splints market growth in Germany is propelled by its advanced healthcare infrastructure and a significant elderly population. In June 2023, the Federal Statistical Office of Germany reported that in 2020, 21.8% of the population was aged 65 and over, increasing the need for orthopedic devices.
India Orthopedic Braces & Support, Casting & Splints Market Trends
The expansion of new orthopedic centers is anticipated to drive market growth in India by increasing the utilization of orthopedic braces and supports. For example, in July 2023, the government of Bihar announced plans to develop a super specialty orthopedic center at Lok Nayak Jaiprakash Narayan (LNJP) Hospital. This initiative is expected to enhance the availability and use of orthopedic braces and supports in the region.
Germany Orthopedic Braces & Support, Casting & Splints Market Trends
Japan's aging demographic is a key trend influencing the orthopedic braces & support, casting & splints industry, In January 2023, the Japan Orthopaedic Association noted a 15% increase in the demand for orthopedic supports from 2022 to 2023, thus reflecting the need for advanced solutions among older adults.
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Key Developments:
Top Strategies Followed by Global Orthopedic Braces & Support, Casting & Splints Market Players
Emerging Startups - Orthopedic Braces & Support, Casting & Splints Industry Ecosystem
Orthopedic Braces & Support, Casting & Splints Market Report Coverage
Report Coverage | Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 7.50 Bn |
Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: | 6.7% | 2031 Value Projection: | US$ 11.85 Bn |
Geographies covered: |
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Segments covered: |
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Companies covered: |
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 |
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Growth Drivers: |
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Restraints & Challenges: |
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Orthopedic Braces & Support, Casting & Splints Market Growth Factors - Increasing prevalence of musculoskeletal disorders
With the changing lifestyle and increasing sedentary lifestyle among people, the prevalence of musculoskeletal disorders has seen a drastic rise globally. Musculoskeletal conditions refer to various disorders related to muscles, bones, tendons, ligaments, nerves, joints, cartilage, and other connective tissues. Some of the most common musculoskeletal disorders include osteoarthritis, rheumatoid arthritis, gout, osteoporosis, low back pain, spinal disorders, etc. Rising stress levels, lack of physical activity, obesity, and aging population are major contributing factors for the rising incidence of musculoskeletal disorders. In October 2023, according to a report from the Lancet Rheumatology, the number of people worldwide with other musculoskeletal disorders increased by 123.4% between 1990 and 2020, from 221 million to 494 million. The report predicts that cases of these disorders will rise by 115% from 2020 to 2050, reaching an estimated 1,060 million cases by 2050.
Orthopedic Braces & Support, Casting & Splints Market Challenge - High cost of advanced orthopedic devices
The global orthopedic braces & support, casting & splints market faces a major challenge due to the high cost of advanced orthopedic devices, especially robotic devices used for surgeries and rehabilitation process. The research and development involved in coming up with innovative robotic technologies that can perform complex orthopedic surgeries, assist patients in rehabilitation, and help improve post-surgery recovery times makes these devices highly expensive. This price of robotic orthopedic devices is putting them out of reach of many patients globally especially in developing nations and uninsured or underinsured patients even in developed markets. The cost challenge limits the scope of new technology adoption and expansion of robotic orthopedic solutions globally.
Orthopedic Braces & Support, Casting & Splints Market Opportunities - Technological advancements in product design and materials
The global orthopedic braces & support, casting & splints market provides considerable opportunities due to technological advancements happening in product design and materials used. Device manufacturers are focusing on developing new generation of lightweight, customizable, and smart orthopedic products using advanced materials like carbon fiber, super alloys, and shape memory alloys. The use of 3D printing and robotics in product design and manufacturing is allowing for more personalized solutions. Further, the integration of sensors and IoT capabilities in orthopedic devices is making them “smart”, enabling remote monitoring of patient recovery and therapy adherence.
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About Author
Manisha Vibhute is a consultant with over 5 years of experience in market research and consulting. With a strong understanding of market dynamics, Manisha assists clients in developing effective market access strategies. She helps medical device companies navigate pricing, reimbursement, and regulatory pathways to ensure successful product launches.
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