OTC Braces and Supports Market: Overview
The devices designed to guard and for the support &
strengthening of muscles, joints, neck, hip, wrist, fingers, etc. are known as
orthopedic braces. The orthopedic braces & support are used for limb and
joint movement controlling and additionally for structural deformity
rectification. The key application of orthopedic support & braces is to
provide postoperative care, prevention, treatment, and osteoarthritis care for
reducing pain caused by strain, sprain, and musculoskeletal disorder. The
rising shift toward sports activities, health concern is the key factor
responsible for knee or shoulder dislocation during the activity, which leads
to rising demand for orthopedic braces and support in the market.
OTC Braces and Supports Market Forecast and Trends
braces and supports market anticipated to propel at US$ 1.9 billion with a
significant CAGR of 6.2% in the forecast period of 2019-2025. Factors such as rising
prevalence rate of orthopedics disorders, feasible availability via. E-commerce
in the market, increasing accident rate, increasing sports injuries, rising
preventive care awareness in the market are contributing to rising demand for
orthopedic support and braces in the global market during the forecast period
of 2019-2025. The increasing rate of obese and geriatric population with the
high risk concern of osteoarthritis and knee-related condition coupled with
medical advantage associated with orthopedic braces and support such as reduced
rotation of knee, minimum chances of injury while motion and lateral support
expected to drive the global orthopedic braces and support market during the
forecast period of 2019-2025 with significant CAGR.
Number of Sports and Accident-Related Injuries
The rising rate of sports injuries, ligament injuries,
and other associated surgeries expected to increase the demand for orthopedic
braces and support for postoperative & preventive care in the global market
in the upcoming years with a significant growth rate.
and Branding Initiatives Undertaken By leading Manufacturers
The rising promotional platform availability, social
networking, etc. helps the manufacturer to promote advantages and uniqueness
linked with orthopedic braces in the lucrative form to attract the public.
Increasing reimbursement coverage is also considered as the factor allowing
patients to shift towards advanced products in the upcoming years.
Options to Customize OTC Orthopedic Braces and Support coupled with Limited Clinical
In the global orthopedic braces & support market,
the option of customization is limited, which is anticipated to hamper the
growth of global orthopedic braces in the forecast period. Lack of knowledge
linked with technological advancement and rising advancement in surgery
techniques potentially pose a challenge to the orthopedic braces & support
market. In addition, factor such as limited clinical evidence of orthopedic
braces advantages expected to become restraint in the global market during the
forecast period of 2019-2025.
OTC Braces and Supports Market: Product
On the basis of product, the global orthopedic support
& braces market is segmented into Knee Braces and supports, ankle braces
and supports, foot walkers and orthoses, back, hip, & spine braces and
supports, shoulder braces and supports, elbow braces and supports, hand &
wrist braces and supports and facial braces and supports. Knee braces
orthopedic support is expected to dominate the global market with a rising rate
of obese and geriatric population. Rising preventive care concerns, rising foot
injuries cases, and favorable reimbursement scenarios are the key factors
anticipated to drive the global demand of the overall orthopedic braces market
in the upcoming years.
OTC Braces and Supports Market: Type
Based on type, the global orthopedic support &
braces market is segmented into soft & elastic braces and supports, hard
& rigid braces and supports, and hinged braces and supports. Amidst type
the soft & elastic braces are dominating the global market, due to
flexibility, easy to use, unrestricted patient mobility, rising technological
advancement, etc., Preference shift towards orthopedic postoperative braces and
preventive care is attributed to the growing availability of advanced products
in the global market in the coming years.
OTC Braces and Supports Market: Application Type
Based on application, the global orthopedic support
& braces market is segmented into ligament surgery repair (anterior
cruciate ligament injuries and lateral collateral ligament injury), preventive
care, postoperative rehabilitation, osteoarthritis, and compression therapy.
Rising participation in sports such as football, basketball, increasing
orthopedic surgeries coupled with rising technological advancement in
compression braces anticipated to enhance the growth of the preventive care
segment amidst application type during the forecast period of 2019-2025 with
the significant growth rate.
OTC Braces and Supports Market: Regional Insights
Amidst geography, North America is expected to hold the
largest share in the OTC braces and supports the market, due to existing strong
players in the region, feasible market availability coupled with a strong
patient base of bone-related degenerative diseases. Followed by North America,
Europe is expected to witness a significant growth rate with the rising public
awareness, patient base of obese and geriatric population, increasing
prevalence of musculoskeletal conditions in the adult population. Global
continuous development and commercialization of novel OTC orthopedic braces
& support products, a significant number of sports-related injuries and increasing
active public participation in physical activities expected to rise the demand
in the global market with a significant rate in upcoming years.
Orthopedic braces & support market: competitive landscape
Some of the major industry players are 3M Company, Alcare Co., Ltd., Bauerfeind AG, Bird and Cronin, Inc. (A Part of Dynatronics Corporation), Breg, Inc., Bsn Medical (A Part of Svenska Cellulosa Aktiebolaget), DJO Finance LLC (A Subsidiary of Colfax Corporation), Deroyal Industries, Inc., Medi GmbH & Co. Kg, Össur HF and Other Prominent Players.
The Objective of
To analyze and forecast the
global OTC braces and supports market size of the market, in terms of value.
To examine the careful
market segmentation and forecast the market size, in terms value, based on the
region by segmenting the global OTC braces and supports market into five
regions, namely, North America, Europe, Asia Pacific, Middle East & Africa,
Latin America and their leading countries.
To outline, categorized and
forecast the global OTC braces and supports market based on the product type,
application and end user.
To examine competitive
developments like technological advancement, services, and regulative framework
within the global OTC braces and supports market.
To highlight the impact
analysis of the factors, affecting the market dynamics such as drivers,
restraints, opportunities, and challenges.
To strategically profile the
key players and comprehensively analyze their market shares along with
detailing the competitive landscape for market leaders.
Scope of the
Braces & Supports
Knee Braces for Osteoarthritis
Functional Knee Braces for Ligament
Post-operational Knee Braces
Knee Support Braces
and Ankle Braces & Support
Extremity Braces & Support
& Hand Supports
Braces and Support
Braces and Support
Soft & Elastic Braces and Supports
Hard & Rigid Braces and Supports
Hinged Braces and Supports
o Anterior Cruciate Ligament Injuries
o Lateral Collateral Ligament Injury
Over the Counter (OTC)
Middle East & Africa
Answer by The Report
How will the market drivers, restraints and
opportunities affect the market dynamics?
What will be the market size in terms of
value and volume and market statistics with a detailed classification?
Which segment dominates the market or region
and one will be the fastest growing and why?
A comprehensive survey of the competitive
landscape and the market participant players
Analysis of strategy adopted by the key
player and their impact on other players.
for The Client
Client satisfaction is our first and last
priority and that’s why BlueWeave Consulting offers customization according to
company’s specific needs. The following customization options are available for
With five additional company detail analysis
Additional country analysis
Detailed segment analysis