New

North America OTC Braces And Support Market

2021

Medical Device North America OTC Braces And Suppor...

North America 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: TIPRE00025369 | No. of Pages: 135 | Category: Medical Device | Status: Published

Market Insights

North America OTC Braces And Support Market to Grow at a CAGR of 6.1% to reach US$ 802.90 million Million from 2021 to 2028

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The North America OTC braces and support market is expected to reach US$ 802.90 million by 2028 from US$ 531.18 million in 2021; it is estimated to register a CAGR of 6.1% from 2021 to 2028.

The growth of the OTC braces and support market is attributed to rising chronic conditions and increasing geriatric population. However, the availability of alternative therapies is restraining the market growth.

An increasing number of sports injuries among players and athletes is driving the growth of the OTC braces and support market. According to the estimates of a study published by Stanford Children’s Health in 2020, 30 million children and teenagers participate in sports annually in the US, and ~3.5 million injuries are reported in these organized sports each year. Further, most common injuries observed among children and teenagers are sprains and strains. The increasing number of participations in sports leads to the surge in sports injuries among the participants. Furthermore, the number of joint and orthopedic diseases have been increasing leading to the requirement of OTC braces and support for joint pain and muscle ailment relief. As per the World Health Organization (WHO) factsheet updated in 2018, musculoskeletal conditions are the second-largest contributor to disabilities worldwide. Moreover, the prevalence and impact of these disorders are expected to rise with the increase in aging population and surge in the prevalence of risk factors of noncommunicable diseases (NCDs) worldwide. The OTC braces and support devices serve as primary therapy devices that are generally used by people of all ages without seeking a prescription from the physicians. Thus, the elevating number of people suffering from sports injuries and orthopedic diseases is contributing to the OTC braces and support market growth.

North America has been witnessing growing number of COVID-19 cases since its outbreak. As a result, health care systems are overburdened, and the delivery of medical care to all patients has become a challenge in the region. As the COVID-19 pandemic continues to unfold, medical device companies are finding difficulties in managing their operations. Many companies offering products for OTC braces and support have their business operations in the US and business are adversely being affected by the effects of a widespread outbreak of COVID-19. This has disrupted and restricted company’s ability to distribute products, as well as lead to temporary closures of company’s facilities. Also, to free-up limited space for people being treated for the virus, hospitals have postponed orthodontic procedures, or cancelled them. Cancelling elective surgeries to reduce exposure to COVID-19 in the hospital and operating rooms into intensive care units is also negatively affecting the growth of the OTC braces and support market.

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NORTH AMERICA 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

  • US
  • Canada
  • Mexico

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 North America OTC Braces and Support Market – By Product

1.3.2 North America OTC Braces and Support Market – By Type

1.3.3 North America OTC Braces and Support Market – By Application

1.3.4 North America OTC Braces and Support Market – By End User

1.3.5 North America 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. North America OTC Braces and Support Market– Market Landscape

4.1 Overview

4.2 PEST Analysis

4.2.1 North America 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–North America Analysis

6.1 North America 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

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

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 – North America Analysis

11.1 North America: OTC Braces and Support Market

11.1.1 Overview

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

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

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

11.1.2.1.2 US: OTC Braces and Support Market, By Product, 2019–2028 (USD Million)

11.1.2.1.3 US: OTC Braces and Support Market, by Type, 2019–2028 (USD Million)

11.1.2.1.4 US: OTC Braces and Support Market, by Application, 2019–2028 (USD Million)

11.1.2.1.5 US: OTC Braces and Support Market, by End User, 2019–2028 (USD Million)

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

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

11.1.2.2.2 Canada: OTC Braces and Support Market, By Product, 2019–2028 (USD Million)

11.1.2.2.3 Canada: OTC Braces and Support Market, by Type, 2019–2028 (USD Million)

11.1.2.2.4 Canada: OTC Braces and Support Market, by Application, 2019–2028 (USD Million)

11.1.2.2.5 Canada: OTC Braces and Support Market, by End User, 2019–2028 (USD Million)

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

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

11.1.2.3.2 Mexico: OTC Braces and Support Market, By Product, 2019–2028 (USD Million)

11.1.2.3.3 Mexico: OTC Braces and Support Market, by Type, 2019–2028 (USD Million)

11.1.2.3.4 Mexico: OTC Braces and Support Market, by Application, 2019–2028 (USD Million)

11.1.2.3.5 Mexico: OTC Braces and Support Market, by End User, 2019–2028 (USD Million)

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

12.1 North America: 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. US: OTC Braces and Support Market, By Product – Revenue and Forecast to 2028 (USD Million)

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

Table 3. Canada: OTC Braces and Support Market, By Product – Revenue and Forecast to 2028 (USD Million)

Table 4. Canada: OTC Braces and Support Market, by Type – Revenue and Forecast to 2028 (USD Million)

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

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

Table 7. Mexico: OTC Braces and Support Market, By Product – Revenue and Forecast to 2028 (USD Million)

Table 8. Mexico: OTC Braces and Support Market, by Type – Revenue and Forecast to 2028 (USD Million)

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

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

Table 11. Organic Developments Done by Companies

Table 12. Inorganic Developments Done by Companies

Table 13. 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. North America 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. United States to Show Remarkable Growth During Forecast Period

Figure 6. North America: PEST Analysis

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

Figure 8. North America 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. Other 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: 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. North America: OTC Braces and Support Market, by Key Country – Revenue (2020) (USD Million)

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

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

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

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

Figure 38. Impact of COVID-19 Pandemic in North American 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.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America OTC braces and support market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the North America OTC braces and support market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution. 
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