Global Otc Braces And Supports Market Bwc19310

Global OTC Braces and Supports Market by Product (Neuromodulation (Spinal Cord Stimulation, Deep Brain Stimulation) Neuroendoscopy), Application (Chronic Pain, Depression, Parkinson’s, Ischemia, Transnasal Neuroendoscopy), By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America); Trend Analysis, Competitive Market Share & Forecast, 2015-2025

  • Published Date: October 2019
  • Report ID: BWC19310
  • Available Format: PDF
  • Page: 120

Report Overview

Global 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.

Global OTC Braces and Supports Market Forecast and Trends

OTC 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.

Growth Drivers

Rising 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.

Promotion 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.

Limited Options to Customize OTC Orthopedic Braces and Support coupled with Limited Clinical Evidence

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.

Global 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.

Global 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.

Global 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.

Global 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 the Study:

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 Report

By Product

·  Knee Braces & Supports

o    Knee Braces for Osteoarthritis

o    Functional Knee Braces for Ligament Injuries

o    Post-operational Knee Braces

o    Knee Support Braces

·  Foot and Ankle Braces & Support

o    Hinged Braces

o    Soft Braces

·  Upper Extremity Braces & Support

o    Wrist & Hand Supports

o    Shoulder Supports

o    Neck Braces and Support

o    Elbow Braces and Support

·  Spinal Orthoses

By Type

·         Soft & Elastic Braces and Supports

·         Hard & Rigid Braces and Supports

·         Hinged Braces and Supports

By Application

·         Ligament Injury Repair

o   Anterior Cruciate Ligament Injuries

o   Lateral Collateral Ligament Injury

·         Preventive Care

·         Post-Operative Rehabilitation

·         Osteoarthritis

·         Compression Therapy

·         Cold Bracing

By End User

·         Hospitals     

·         Over the Counter (OTC)   

·         Orthopedic Clinics

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa

Business Questions 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.

Customization Scope 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 the report:

Additional Company Information

·         With five additional company detail analysis

·         Additional country analysis

·         Detailed segment analysis