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. In 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.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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
- 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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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