The global orthopedic braces and supports market is projected to reach USD 1.42 billion by 2022 from USD 1.10 billion in 2017, at a CAGR of 5.2%.
Complete report on OTC Braces & Support Market spread across 306 Pages, Profiling 11 Companies and Supported with 58 tables and 15 figures is now available at www.rnrmarketresearch.com/contacts…ple?rname=1259537 .
Rising number of accident-related injuries, growing prevalence of orthopedic disorders and diseases, and availability of reimbursements for OTC orthopedic braces and supports are the major factors driving the demand for orthopedic braces and supports.
Global OTC Braces and Supports Market, by Application
- Ligament Injury
- Preventive Care
- Post-operative Rehabilitation
- Cold Bracing
- Other Applications
Global OTC Braces and Supports Market, by Sales Channel
- Pharmacies & Retailers
- E-Commerce Platforms
- Hospitals & Orthopedic Clinics
In orthopedic braces and supports growing middle-class population, increasing GDP and healthcare expenditure among emerging Asian countries, and increasing public awareness about various treatment options available for orthopedic conditions are the key factors propelling the demand of OTC orthopedic braces and supports in the emerging nations.
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Geographically, the OTC braces and supports market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific is expected to register the highest growth rate during the forecast period owing to increasingly localized manufacturing, favorable government regulations, and growing focus of global product manufacturers on expanding their presence in APAC countries.
Target Audience of This Market Research is as Follows
- Orthopedic bracing and support product manufacturers
- Distributors and suppliers
- Research laboratories and academic institutes
- Sports institutes and organizations
- Government and independent regulatory bodies
- Market research organizations
Key market players are DJO Finance LLC (US), Breg, Inc. (US), Ossur Hf (Iceland), DeRoyal Industries, Inc.
(US), Bauerfeind AG (Germany), Otto Bock Holding GmbH & Co. KG (Germany), BSN medical (Germany), medi GmbH & Co.
KG (Germany), THUASNE Group (France), and 3M Company (US), among others.
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This report studies the orthopedic braces and supports market based on product, application, and sales channel. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting the market growth.
It analyzes opportunities and challenges in the market for stakeholders and provides details of the competitive landscape for the market leaders.
Breakdown of supply-side primary interviews: by company type, designation, and region:
- By Company Type - Tier 1 – 25%, Tier 2 – 30% and Tier 3 – 45%
- By Designation – C-level – 26%, Director-level – 30%, Others – 44%
- By Region – North America - 34%, Europe – 26%, APAC – 23%, RoW – 17%
This research report focuses on various levels of analysis—industry trends, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the orthopedic braces and supports market, and high-growth regions and countries and their respective drivers, restraints, challenges, and opportunities.
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