OTC Braces and Support Market is expected to reach US$ 2,238.98 Mn by 2028


PRESS RELEASE BY The Insight Partners 30 Apr 2021

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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, by Region, 2020 (%)

OTC Braces and Support Market, by Region, 2020 (%)

OTC Braces and Support Market to Grow at a CAGR of 5.8% to reach US$ 2,238.98 Million from 2020 to 2028

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Published Report - OTC Braces and Support Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product ( Knee Braces and Support, Back Hip and Spine Braces and Support, Lower Spine Braces and Support, Neck and Cervical Braces and Support, Shoulder Braces and Support, Elbow Braces and Support, Hand and Wrist Braces and Support, Facial Braces and Support ); Type ( Soft and Elastic Braces and Support, Hard and Rigid Braces and Support, Hinged Braces and Support ); Application ( Ligament Injury Repair, Preventive Care, Osteoarthritis, Compression Therapy, Other Applications ); End User ( Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Others ), and Geography


 

The report segments the global OTC braces and support market as follows:

 

By Product

  • 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

By Type

  • Soft and Elastic Braces and Support
  • Hard and Rigid Braces and Support
  • Hinged Braces and Support

By Application

  • Ligament Injury Repair
  • Preventive Care
  • Osteoarthritis
  • Compression Therapy
  • Other Applications

 

By End User

  • 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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