Knee Braces and Support Segment to Contribute Largest Share to OTC Braces and Support Market during 2020–2028
According to our latest study on “OTC Braces and Support Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, Type, Application, and End User,” the market was valued at US$ 1,454.55 million in 2020 and is projected to reach US$ 2,238.98 million by 2028; it is expected to grow at a CAGR of 5.8% during 2021–2028. The report highlights the trends prevailing in the market, and drivers and deterrents pertaining to the market growth. The OTC braces and support market growth is attributed to the elevating number of sports injuries and cases of orthopedic diseases along with increasing awareness about braces and supports. Moreover, high growth potential in emerging economies presents lucrative opportunities for the growth of the market players. However, the availability of alternate therapies restrains the market growth.
Based on product, the OTC braces and support market is segmented into knee braces and support, back hip and spine braces and support, foot walkers and orthoses braces and support, neck and cervical braces and support, shoulder braces and support, elbow braces and support, hand and wrist braces and support, and facial braces and support. In 2020, the knee braces and support segment accounted for the largest market share.
DJO Global, Inc., Breg, Inc. (Orthofix medical Inc.), Bauerfeind, DeRoyal Industries, Inc., Becker Orthopedic, OPPO Medical Inc., Zimmer Biomet, Ottobock, 3M, and Bird and Cronin Inc. are among the prominent players operating in the OTC braces and support market. These companies are focusing on partnerships, product launches, collaborations, and other business strategies to sustain their position in the market. For instance, in February 2021, Breg Inc, a subsidiary of Orthofix, partnered with Club Warehouse, an Australian distributor, with an aim to expand the distribution network of its orthopedic products in the Australian market.
OTC Braces and Support Market Research Report 2021-2031
Download Free SampleOTC Braces and Support Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product ( Knee Braces & Support, Back Hip & Spine Braces and Support, Lower Spine Braces & Support, Neck & Cervical Braces and Support, Shoulder Braces & Support, Elbow Braces & Support, Hand & Wrist Braces and Support, and Facial Braces & Support ), Type ( Soft and Elastic Braces and Support, Hard and Rigid Braces and Support, and Hinged Braces and Support ), Application ( Ligament Injury Repair, Preventive Care, Osteoarthritis, Compression Therapy, and Other Applications ), End User ( Hospitals, Ambulatory Surgical Centers, Specialty Clinics, and Others ),and Geography
The report segments the global OTC braces and support market as follows:
- Knee Braces and Support
- Back Hip and Spine Braces and Support
- Foot Walkers and Orthoses
- Neck and Cervical Braces and Support
- Shoulder Braces and Support
- Elbow Braces and Support
- Hand and Wrist Braces and Support
- Facial Braces and Support
- Ligament Injury Repair
- Preventive Care
- Osteoarthritis
- Compression Therapy
- Other Applications
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East and Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
- South and Central America
- Brazil
- Argentina
- Rest of South and Central America
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