OTC Braces and Supports Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2025 – ZMR Blog
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OTC Braces and Supports Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2025

Orthopedic braces are utilized to support and strengthen the muscles and joints of back, knee, neck, ankle, elbow, hip, fingers, and wrist. These are also utilized for controlling the movement of joints and limbs and fixing structural deformities. These braces are specifically designed to offer mechanical support and strength to alleviate pain caused by strain, sprain, and other musculoskeletal disorders.

Global OTC Braces and Supports Market: Growth Factors

The OTC braces and supports market expansion is primarily due to the increasing occurrences of orthopedic disorders and diseases, rising number of accidents and sports-related injuries, and growing public awareness associated with preventive care. However, the inadequate patient knowledge for bracing and mediated orthopedic healing process, high adoption of pain medications, and limited clinical data to sustain the therapeutic efficiency of orthopedic braces may restrain this market in the future. Additionally, lack of reimbursement, high cost, and patient preference for alternative treatments can also hamper this global market. The rapid expansion in the upcoming economies with the growing incidence of orthopedic injuries in the young population and growing participation in sports activities is likely to drive the expansion of the global market.

Global OTC Braces and Supports Market: Segmentation

The OTC braces and supports market is fragmented on the basis of application, product, type, and distribution channel. On the basis of product, the market includes ankle, knee, shoulder, spine, elbow, neck, facial, and wrist. Based on application, the market comprises ligament that is further divided into ACL and LCL. By distribution, the OTC braces and supports market is categorized into pharmacies, e-commerce, and clinics.

The lower extremity braces division is projected to grow rapidly, owing to the growing prevalence of knee arthritis among the aged population and rising knee replacement operations. In terms of indication, the prophylactic division is anticipated to grow rapidly in the years ahead, owing to its increased acceptance for treating sports injuries worldwide. The soft and elastic braces and supports are likely to observe the maximum market growth in the upcoming years along with registering the highest CAGR.

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Global OTC Braces and Supports Market: Regional Analysis

North America is likely to be the largest market for OTC braces and supports, due to increased regional knowledge and awareness, established healthcare industry, increasing obesity rates, rising injuries caused by road accidents, escalating incidences of osteoarthritis and osteoporosis, and active participation of the population particularly in sports activities. The U.S. will contribute the largest revenue to the North American OTC braces and supports market. The growing geriatric population, rising incidences of bone degenerative syndromes, accelerating prevalence of knee and hip replacement operations, and easy accessibility of orthopedic braces are majorly driving the U.S. OTC braces and supports market. Europe is the second-largest market for OTC braces and supports, owing to be driven by the occurrence of a huge pool of orthopedic patients, growing cases of bone degenerative syndrome, rapidly developing healthcare infrastructure, and increasing healthcare expenditure.

Germany is likely to lead the European OTC braces and supports market and grow rapidly due to the growing knowledge about the OTC braces and supports. The OTC braces and supports market in the Asia Pacific is projected to witness the maximum expansion in the future, due to the growing occurrence of fractures, increasing bone deformities cases, rising number of road accidents, escalating healthcare spending, increasing per capita income leading to better lifestyle, and accelerating demand for improved quality medical care, awareness, and knowledge about OTC braces and supports.

Global OTC Braces and Supports Market: Competitive Players

Some main participants in the OTC braces and supports market are Össur, Bauerfeind, Breg, DJO Finance, Bird & Cronin, DeRoyal Industries, Ottobock Holding, medi GmbH, Zimmer Biomet Holdings, BSN Medical, Becker Orthopedic, Oppo Medical, 3M, Thuasne Group, United Ortho, and Reh4Mat, among others.

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