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Europe OTC Braces And Support Market

2021

Medical Device Europe OTC Braces And Support Marke...

Europe OTC Braces And Support Market Forecast to 2028 - COVID-19 Impact and Regional 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), and End User (Hospitals, Ambulatory Surgical Centers, Specialty Clinics, and Others)

Publication Month: Oct 2021 | Report Code: TIPRE00025371 | No. of Pages: 148 | Category: Medical Device | Status: Published

Market Insights

Europe OTC Braces And Support Market to Grow at a CAGR of 5.4% to reach US$ 693.19 million Million from 2021 to 2028

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The Europe OTC braces and support market is expected to reach US$ 693.19 million by 2028 from US$ 478.77 million in 2020; it is estimated to register a CAGR of 5.4% from 2021 to 2028.

The growth of the OTC braces and support market is attributed to increasing awareness of braces and support, and rising demand for OTC braces and supports across the world. However, the availability of alternative therapies is restraining the market growth. Braces are prominently used in developed and upper middle-income countries. Foundations such as the International Society for Prosthetics and Orthotics (ISPO) help create awareness regarding the use of orthopedic braces and supports. It is a non-government organization that aims to improve the quality-of-life of people with limb amputations or those with physical damages and injuries to limbs and spine by making them aware about the benefits of prosthetics and orthotics. The ISPO provides an effective platform to exchange and communicate all the aspects of science. The organization practices and educates the associates regarding the provision of prosthetic and orthotic care, rehabilitation engineering, and related areas. Therefore, the increasing awareness about orthopedic braces and supports is contributing to the market growth. Also, the trend of better-quality OTC braces and supports is likely to grow dramatically due to increasing popularity of e-commerce platforms. Moreover, innovative products, revolutionary technology, and successful events have created opportunities for the companies to continue the production of orthopedic braces and supports. Thus, they are likely to add value to their customers and increase customer base for their products in the coming years.

The European economy is severely affected due to the exponential growth of COVID-19 cases in the region. Also, the pandemic has halted the adoption of new medical device policy and delayed clinical trials and disrupted processes. For instance, the European Commission recently postponed the application date of the MDR for one year due to COVID-19 pandemic. The Medical Device Regulation (MDR) requires manufacturers to conduct post market clinical follow-up (PMCF) studies to demonstrate the continued safety and performance of their devices. This is expected to impact the product launch and ongoing clinical trials of medical devices, thereby impacting sales and growth of the market. In addition, disrupted supply chains, extended lockdowns, and cancelling of other medical procedures have also negativity affected the growth of the OTC braces and support market. The hospitals in the region are cancelling other surgical procedures to keep healthcare facilities free for COVID-19 patients. Moreover, the increasing COVID-19 infection among healthcare workers is leading to shortage of staff. These factors are negatively impacting the growth of the OTC braces and support market.

OTC braces and support market

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EUROPE OTC BRACES AND SUPPORT MARKET SEGMENTATION

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 Centres
  • Specialty Clinics
  • Others

By Country

  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe

Company Profiles

  • DJO Global, Inc.
  • ORTHOFIX MEDICAL INC. (Breg, Inc.)
  • Bauerfeind
  • DeRoyal Industries, Inc.
  • Becker Orthopedic
  • OPPO Medical Inc.
  • Zimmer Biomet
  • OTTOBOCK
  • 3M
  • Bird and Cronin Inc.

TABLE OF CONTENTS

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Europe OTC Braces and Support Market – By Product

1.3.2 Europe OTC Braces and Support Market – By Type

1.3.3 Europe OTC Braces and Support Market – By Application

1.3.4 Europe OTC Braces and Support Market – By End User

1.3.5 Europe OTC Braces and Support Market– By Country

2. OTC Braces and Support Market– Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. OTC Braces and Support Market– Market Landscape

4.1 Overview

4.2 PEST Analysis

4.2.1 Europe PEST Analysis

4.3 Expert Opinion

5. OTC Braces and Support Market– Key Market Dynamics

5.1 Key Market Drivers

5.1.1 Elevating Number of Sports Injuries and Cases of Orthopedic Diseases

5.1.2 Increasing Awareness About Braces and Supports

5.2 Key Market Restraints

5.2.1 Availability of Alternate Therapies

5.3 Future Trends

5.3.1 Continuous Demand for Better Quality Products

5.4 Impact analysis

6. OTC Braces and Support Market–Europe Analysis

6.1 Europe OTC Braces and Support Market Revenue Forecast and Analysis

7. OTC Braces and Support Market Analysis– By Product

7.1 Overview

7.2 OTC Braces and Support Market, By Product 2020 & 2028 (%)

7.3 Knee Braces and Support

7.3.1 Overview

7.3.2 Knee Braces and Support: OTC Braces and Support Market Revenue and Forecasts To 2028 (US$ Mn)

7.4 Back, Hip and Spine Braces and Support

7.4.1 Overview

7.4.2 Back, Hip and Spine Braces and Support: OTC Braces and Support Market Revenue and Forecasts To 2028 (US$ Mn)

7.5 Foot Walkers & Orthoses

7.5.1 Overview

7.5.2 Foot Walkers & Orthoses: OTC Braces and Support Market Revenue and Forecasts To 2028 (US$ Mn)

7.6 Neck and Cervical Braces and Support

7.6.1 Overview

7.6.2 Neck and Cervical Braces and Support: OTC Braces and Support Market Revenue and Forecasts To 2028 (US$ Mn)

7.7 Shoulder Braces and Support

7.7.1 Overview

7.7.2 Shoulder Braces and Support: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)

7.8 Hand and Wrist Braces and Support

7.8.1 Overview

7.8.2 Hand and Wrist Braces and Support: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)

7.9 Elbow Braces and Support

7.9.1 Overview

7.9.2 Elbow Braces and Support: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)

7.10 Facial Braces and Support

7.10.1 Overview

7.10.2 Facial Braces and Support: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)

8. OTC Braces and Support Market Analysis– by Type

8.1 Overview

8.2 OTC Braces and Support Market, by Type 2020 & 2028 (%)

8.3 Soft and Elastic Braces and Support

8.3.1 Overview

8.3.2 Soft and Elastic Braces and Support: OTC Braces and Support Market Revenue and Forecasts To 2028 (US$ Mn)

8.4 Hard and Rigid Braces and Support

8.4.1 Overview

8.4.2 Hard and Rigid Braces and Support: OTC Braces and Support Market Revenue and Forecasts To 2028 (US$ Mn)

8.5 Hinged Braces and Support

8.5.1 Overview

8.5.2 Hinged Braces and Support: OTC Braces and Support Market Revenue and Forecasts To 2028 (US$ Mn)

9. OTC Braces and Support Market Analysis – By Application

9.1 Overview

9.2 OTC Braces and Support Market, by Application, 2020 & 2028(%)

9.3 Ligament Injury Repair

9.3.1 Overview

9.3.2 Ligament Injury Repair Market Revenue and Forecasts to 2028(US$ Mn)

9.4 Osteoarthritis

9.4.1 Overview

9.4.2 Osteoarthritis Market Revenue and Forecasts to 2028(US$ Mn)

9.5 Preventive Care

9.5.1 Overview

9.5.2 Preventative Care Market Revenue and Forecasts to 2028(US$ Mn)

9.6 Compression Therapy Market

9.6.1 Overview

9.6.2 Compression Therapy Market Revenue and Forecasts to 2028(US$ Mn)

9.7 Other Applications

9.7.1 Overview

9.7.2 Other Applications Market Revenue and Forecasts to 2028(US$ Mn)

10. OTC Braces and Support Market Analysis – By End User

10.1 Overview

10.2 OTC Braces and Support Market Share, by End User, 2020 and 2028, (%)

10.3 Hospitals

10.3.1 Overview

10.3.2 Hospitals: OTC Braces and Support Market – Revenue and Forecast to 2028 (US$ Million)

10.4 Speciality Clinics

10.4.1 Overview

10.4.2 Speciality Clinics: OTC Braces and Support Market – Revenue and Forecast to 2028 (US$ Million)

10.5 Ambulatory Surgical Centres

10.5.1 Overview

10.5.2 Ambulatory Surgical Centres: OTC Braces and Support Market – Revenue and Forecast to 2028 (US$ Million)

10.6 Others

10.6.1 Overview

10.6.2 Others: OTC Braces and Support Market – Revenue and Forecast to 2028 (US$ Million)

11. OTC Braces and Support Market Analysis and Forecasts To 2028 – Europe Analysis

11.1 Europe: OTC Braces and Support Market

11.1.1 Overview

11.1.2 Europe: OTC Braces and Support Market, by Country, 2020 & 2028(%)

11.1.2.1 Germany: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)

11.1.2.1.1 Germany: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)

11.1.2.1.2 Germany: OTC Braces and Support Market, by Product – Revenue and Forecast to 2028 (USD Million)

11.1.2.1.3 Germany: OTC Braces and Support Market, by Type – Revenue and Forecast to 2028 (USD Million)

11.1.2.1.4 Germany: OTC Braces and Support Market, by Application – Revenue and Forecast to 2028 (USD Million)

11.1.2.1.5 Germany: OTC Braces and Support Market, By End User – Revenue and Forecast to 2028 (USD Million)

11.1.2.2 France: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)

11.1.2.2.1 France: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)

11.1.2.2.2 France: OTC Braces and Support Market, by Product – Revenue and Forecast to 2028 (USD Million)

11.1.2.2.3 France: OTC Braces and Support Market, by Type – Revenue and Forecast to 2028 (USD Million)

11.1.2.2.4 France: OTC Braces and Support Market, by Application – Revenue and Forecast to 2028 (USD Million)

11.1.2.2.5 France: OTC Braces and Support Market, By End User – Revenue and Forecast to 2028 (USD Million)

11.1.2.3 UK: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)

11.1.2.3.1 UK: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)

11.1.2.3.2 UK: OTC Braces and Support Market, by Product – Revenue and Forecast to 2028 (USD Million)

11.1.2.3.3 UK: OTC Braces and Support Market, by Type – Revenue and Forecast to 2028 (USD Million)

11.1.2.3.4 UK: OTC Braces and Support Market, by Application – Revenue and Forecast to 2028 (USD Million)

11.1.2.3.5 UK: OTC Braces and Support Market by End User – Revenue and Forecast to 2028 (USD Million)

11.1.2.4 Italy: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)

11.1.2.4.1 Italy: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)

11.1.2.4.2 Italy: OTC Braces and Support Market, by Product – Revenue and Forecast to 2028 (USD Million)

11.1.2.4.3 Italy: OTC Braces and Support Market, by Type – Revenue and Forecast to 2028 (USD Million)

11.1.2.4.4 Italy: OTC Braces and Support Market, by Application – Revenue and Forecast to 2028 (USD Million)

11.1.2.4.5 Italy: OTC Braces and Support Market, By End User – Revenue and Forecast to 2028 (USD Million)

11.1.2.5 Spain: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)

11.1.2.5.1 Spain: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)

11.1.2.5.2 Spain: OTC Braces and Support Market, by Product – Revenue and Forecast to 2028 (USD Million)

11.1.2.5.3 Spain: OTC Braces and Support Market, by Type – Revenue and Forecast to 2028 (USD Million)

11.1.2.5.4 Spain: OTC Braces and Support Market, by Application – Revenue and Forecast to 2028 (USD Million)

11.1.2.5.5 Spain: OTC Braces and Support Market, by End User – Revenue and Forecast to 2028 (USD Million)

11.1.2.6 Rest of Europe: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)

11.1.2.6.1 Rest of Europe: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)

11.1.2.6.2 Rest of Europe: OTC Braces and Support Market, by Product – Revenue and Forecast to 2028 (USD Million)

11.1.2.6.3 Rest of Europe: OTC Braces and Support Market, by Type – Revenue and Forecast to 2028 (USD Million)

11.1.2.6.4 Rest of Europe: OTC Braces and Support Market, by Application – Revenue and Forecast to 2028 (USD Million)

11.1.2.6.5 Rest of Europe: OTC Braces and Support Market, by End User – Revenue and Forecast to 2028 (USD Million)

12. Impact of COVID-19 Pandemic on Europe OTC Braces and Support Market

12.1 Europe: Impact Assessment of COVID-19 Pandemic

13. Industry Landscape

13.1 Overview

13.2 Organic Developments

13.2.1 Overview

13.3 Inorganic Developments

13.3.1 Overview

14. Company Profiles

14.1 DJO Global, Inc.

14.1.1 Key Facts

14.1.2 Business Description

14.1.3 Products and Services

14.1.4 Financial Overview

14.1.5 SWOT Analysis

14.1.6 Key Developments

14.2 ORTHOFIX MEDICAL INC. (Breg, Inc.)

14.2.1 Key Facts

14.2.2 Business Description

14.2.3 Products and Services

14.2.4 Financial Overview

14.2.5 SWOT Analysis

14.2.6 Key Developments

14.3 Bauerfeind

14.3.1 Key Facts

14.3.2 Business Description

14.3.3 Products and Services

14.3.4 Financial Overview

14.3.5 SWOT Analysis

14.3.6 Key Developments

14.4 DeRoyal Industries, Inc.

14.4.1 Key Facts

14.4.2 Business Description

14.4.3 Products and Services

14.4.4 Financial Overview

14.4.5 SWOT Analysis

14.4.6 Key Developments

14.5 Becker Orthopedic

14.5.1 Key Facts

14.5.2 Business Description

14.5.3 Products and Services

14.5.4 Financial Overview

14.5.5 SWOT Analysis

14.5.6 Key Developments

14.6 OPPO Medical Inc.

14.6.1 Key Facts

14.6.2 Business Description

14.6.3 Products and Services

14.6.4 Financial Overview

14.6.5 SWOT Analysis

14.6.6 Key Developments

14.7 Zimmer Biomet

14.7.1 Key Facts

14.7.2 Business Description

14.7.3 Products and Services

14.7.4 Financial Overview

14.7.5 SWOT Analysis

14.7.6 Key Developments

14.8 OTTOBOCK

14.8.1 Key Facts

14.8.2 Business Description

14.8.3 Products and Services

14.8.4 Financial Overview

14.8.5 SWOT Analysis

14.8.6 Key Developments

14.9 3M

14.9.1 Key Facts

14.9.2 Business Description

14.9.3 Products and Services

14.9.4 Financial Overview

14.9.5 SWOT Analysis

14.9.6 Key Developments

14.10 Bird and Cronin Inc.

14.10.1 Key Facts

14.10.2 Business Description

14.10.3 Products and Services

14.10.4 Financial Overview

14.10.5 SWOT Analysis

14.10.6 Key Developments

15. Appendix

15.1 About The Insight Partners

15.2 Glossary of Terms

LIST OF TABLES

Table 1. Germany: OTC Braces and Support Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 2. Germany: OTC Braces and Support Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 3. Germany: OTC Braces and Support Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 4. Germany: OTC Braces and Support Market, By End User – Revenue and Forecast to 2028 (USD Million)

Table 5. France: OTC Braces and Support Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 6. France: OTC Braces and Support Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 7. France: OTC Braces and Support Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 8. France: OTC Braces and Support Market, By End User – Revenue and Forecast to 2028 (USD Million)

Table 9. UK: OTC Braces and Support Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 10. UK: OTC Braces and Support Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 11. UK: OTC Braces and Support Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 12. UK: OTC Braces and Support Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 13. Italy: OTC Braces and Support Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 14. Italy: OTC Braces and Support Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 15. Italy: OTC Braces and Support Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 16. Italy: OTC Braces and Support Market, By End User – Revenue and Forecast to 2028 (USD Million)

Table 17. Spain: OTC Braces and Support Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 18. Spain: OTC Braces and Support Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 19. Spain: OTC Braces and Support Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 20. Spain: OTC Braces and Support Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 21. Rest of Europe: OTC Braces and Support Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 22. Rest of Europe: OTC Braces and Support Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 23. Rest of Europe: OTC Braces and Support Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 24. Rest of Europe: OTC Braces and Support Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 25. Organic Developments Done by Companies

Table 26. Inorganic Developments Done by Companies

Table 27. Glossary of Terms, OTC Braces and Support Market

LIST OF FIGURES

Figure 1. OTC Braces and Support Market Segmentation

Figure 2. OTC Braces and Support Segmentation, By Country

Figure 3. OTC Braces and Support Market Overview

Figure 4. Knee Braces and Support Held Largest Share of Product Segment in OTC Braces and Support Market

Figure 5. Germany to Show Remarkable Growth During Forecast Period

Figure 6. Europe: PEST Analysis

Figure 7. OTC Braces and Support Market Impact Analysis of Driver and Restraints

Figure 8. Europe OTC Braces and Support Market– Revenue Forecast and Analysis – 2020- 2028

Figure 9. OTC Braces and Support Market, By Product 2020 & 2028 (%)

Figure 10. Knee Braces and Support: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 11. Back, Hip and Spine Braces and Support: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 12. Foot Walkers & Orthoses: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 13. Neck and Cervical Braces and Support: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 14. Shoulder Braces and Support: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 15. Hand and Wrist Braces and Support: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 16. Elbow Braces and Support: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 17. Facial Braces and Support: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 18. OTC Braces and Support Market, by Type 2020 & 2028 (%)

Figure 19. Soft and Elastic Braces and Support: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 20. Hard and Rigid Braces and Support: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 21. Hinged Braces and Support: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 22. OTC Braces and Support Market by Application, 2020 & 2028(%)

Figure 23. Ligament Injury Repair Market Revenue and Forecasts to 2028(US$ Mn)

Figure 24. Osteoarthritis Market Revenue and Forecasts to 2028(US$ Mn)

Figure 25. Preventative Care Market Revenue and Forecasts to 2028(US$ Mn)

Figure 26. Compression Therapy Market Revenue and Forecasts to 2028(US$ Mn)

Figure 27. Others Applications Market Revenue and Forecasts to 2028(US$ Mn)

Figure 28. OTC Braces and Support Market Share, by End User, 2020 and 2028 (%)

Figure 29. Hospitals and Specialty Centers: OTC Braces and Support Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. Specialty Clinics: OTC Braces and Support Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. Ambulatory Surgical Centers: OTC Braces and Support Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32. Others: OTC Braces and Support Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. Europe: OTC Braces and Support Market, by Key Country – Revenue (2020) (USD Million)

Figure 34. Europe: OTC Braces and Support Market, by Country, 2020 & 2028 (%)

Figure 35. Germany: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)

Figure 36. France: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)

Figure 37. UK: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)

Figure 38. Italy: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)

Figure 39. Spain: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)

Figure 40. Rest of Europe: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)

Figure 41. Impact of COVID-19 Pandemic in Europe Country Markets

  1. DJO Global, Inc.
  2. ORTHOFIX MEDICAL INC. (Breg, Inc.)
  3. Bauerfeind
  4. DeRoyal Industries, Inc.
  5. Becker Orthopedic
  6. OPPO Medical Inc.
  7. Zimmer Biomet
  8. OTTOBOCK
  9. 3M
  10. Bird and Cronin Inc.
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  • Highlights key business priorities in order to assist companies to realign their business strategies.
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