Global Otc Braces And Supports Market Bwc19310
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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
1. Research Framework
1.1. Research
Objective
1.2. Product
Overview
1.3. Market
Segmentation
2. Research Methodology
2.1. Qualitative
Research
2.1.1.
Primary & Secondary Sources
2.2. Quantitative
Research
2.2.1.
Primary & Secondary Sources
2.3. Breakdown
of Primary Research Respondents, By Region
2.3.1.
Secondary Research
2.3.2.
Primary Research
2.4. Breakdown
of Primary Research Respondents, By Industry Participants
2.5. Market
Size Estimation
2.6. Assumption
for the Study
2.7. Market
Breakdown & Data Triangulation
3. Executive Summary
4. Global OTC Braces and Supports Market
- Industry Insights
4.1. Value
Chain Analysis
4.2. DROC
Analysis
4.2.1.
Growth Drivers
4.2.2.
Restraints
4.2.3.
Opportunities
4.2.4.
Challenges
4.3. Technological
Landscape
4.4. Regulatory
Framework
4.5. Company
Market Share Analysis,2018
4.6. Competitor
Analysis, 2018
4.7. Porter’s
Five Forces Analysis
4.8. Pest
Analysis
4.9. Strategic
Outlook
5. Global OTC Braces and Supports Market
Overview
5.1. Market
Size & Forecast
5.1.1.
By Value (USD Million)
5.2. Market
Share & Forecast, 2015 - 2025
5.2.1.
By Product
5.2.1.1.
Knee Braces & Supports
5.2.1.1.1.
Knee Braces for Osteoarthritis
5.2.1.1.2.
Functional Knee Braces for Ligament
Injuries
5.2.1.1.3.
Post-operational Knee Braces
5.2.1.1.4.
Knee Support Braces
5.2.1.2.
Foot and Ankle Braces & Support
5.2.1.2.1.
Hinged Braces
5.2.1.2.2.
Soft Braces
5.2.1.3.
Upper Extremity Braces & Support
5.2.1.3.1.
Wrist & Hand Supports
5.2.1.3.2.
Shoulder Supports
5.2.1.3.3.
Neck Braces and Support
5.2.1.3.4.
Elbow Braces and Support
5.2.1.4.
Spinal Orthoses
5.2.2.
By Type
5.2.2.1.
Soft & Elastic Braces and Supports
5.2.2.2.
Hard & Rigid Braces and Supports
5.2.2.3.
Hinged Braces and Supports
5.2.3.
By Application
5.2.3.1.
Ligament Injury Repair
5.2.3.1.1.
Anterior Cruciate Ligament Injuries
5.2.3.1.2.
Lateral Collateral Ligament Injury
5.2.3.2.
Preventive Care
5.2.3.3.
Post-Operative Rehabilitation
5.2.3.4.
Osteoarthritis
5.2.3.5.
Compression Therapy
5.2.3.6.
Cold Bracing
5.2.4.
By End User
5.2.4.1.
Hospitals
5.2.4.2.
Over the Counter (OTC)
5.2.4.3.
Orthopedic Clinics
5.2.5.
By Region
5.2.5.1.
North America
5.2.5.2.
Europe
5.2.5.3.
Asia-Pacific
5.2.5.4.
Latin America
5.2.5.5.
Middle East and Africa
6. North America OTC Braces and Supports
Market
6.1. Market
Estimates & Forecast, 2015 - 2025
6.1.1.
By Product
6.1.2.
By Type
6.1.3.
By Application
6.1.4.
By End User
6.1.5.
By Country
6.1.5.1.
US
6.1.5.2.
Canada
7. Europe OTC Braces and Supports Market
7.1. Market
Estimates & Forecast, 2015 - 2025
7.1.1.
By Product
7.1.2.
By Type
7.1.3.
By Application
7.1.4.
By End User
7.1.5.
By Country
7.1.5.1.
UK
7.1.5.2.
Germany
7.1.5.3.
France
7.1.5.4.
Russia
7.1.5.5.
Spain
8. Asia-Pacific OTC Braces and Supports
Market
8.1. Market
Estimates & Forecast, 2015 - 2025
8.1.1.
By Product
8.1.2.
By Type
8.1.3.
By Application
8.1.4.
By End User
8.1.5.
By Country
8.1.5.1.
China
8.1.5.2.
India
8.1.5.3.
Japan
8.1.5.4.
South Korea
9.
Latin
America OTC Braces and Supports Market
9.1. Market
Estimates & Forecast, 2015 - 2025
9.1.1.
By Product
9.1.2.
By Type
9.1.3.
By Application
9.1.4.
By End User
9.1.5.
By Country
9.1.5.1.
Brazil
9.1.5.2.
Mexico
10. Middle East & Africa OTC Braces
and Supports Market
10.1.
Market Estimates & Forecast, 2015 -
2025
10.1.1. By
Product
10.1.2. By
Type
10.1.3. By
Application
10.1.4. By
End User
10.1.5. By
Country
10.1.5.1.
Saudi Arabia
10.1.5.2.
UAE
10.1.5.3.
South Africa
11. Company Profiles (Company Overview,
Financial Matrix, Key Product landscape, Key Personnel, Key Competitors,
Contact Address, and Strategic Outlook) *
11.1.
3M Company
11.2.
Alcare Co., Ltd.
11.3.
Bauerfeind AG
11.4.
Bird and Cronin, Inc. (A Part of
Dynatronics Corporation)
11.5.
Breg, Inc.
11.6.
Bsn Medical (A Part of Svenska Cellulosa
Aktiebolaget)
11.7.
DJO Finance LLC (A Subsidiary of Colfax
Corporation)
11.8.
Deroyal Industries, Inc.
11.9.
Medi GmbH & Co. Kg
11.10.
Össur HF
11.11.
Other Prominent Player
12. Strategic Recommendation
*Financial
Details Not Be Captured in Case of Unlisted Companies
**The
segmentation and the companies are subjected to modifications based on in-depth
secondary for the final deliverable.
Market Segmentation
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