Transforming Recovery: The Growing Demand for Orthopedic Braces and Supports
The global orthopedic braces and supports market was valued at USD 4.44 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2030. This growth is primarily driven by several key factors, including technological advancements, an increasing number of sports and accident-related injuries, a growing geriatric population, and rising public awareness of preventive care in orthopedic health. These elements are encouraging the development of innovative orthopedic products and solutions that aim to improve patient outcomes. For example, the Population Reference Bureau reports that the U.S. population aged 65 and older is expected to increase from 58 million in 2022 to 82 million by 2050, which signals a growing demand for orthopedic support products as this demographic is more prone to musculoskeletal issues. The increasing popularity of sports and fitness activities has also led to a rise in injuries associated with these pursuits, contr...