OTC Orthopedic Braces Market | Global Forecasts to 2022
The global OTC Orthopedic Braces Market is projected to reach USD 1.42 Billion by 2022 from USD 1.05 Billion in 2016, at a CAGR of 5.2% during 2017–2022. The Report “OTC Braces & Support Market by Product (Knee, Back, Spine, Hip, Ankle, Foot, Shoulder, Elbow, Hand), Application (Osteoarthritis, Preventive Care, Ligament Injury), Sales Channel (Pharmacies, Retailers, E-Commerce, Hospitals) — Global Forecasts to 2022”
This report broadly segments the OTC braces and supports market into product, application, sales channel, and region. On the basis of product, the market is categorized into lower extremity and upper extremity braces and supports. In 2017, the lower extremity braces and supports segment is expected to account for the largest share of the market. This segment is also expected to register the highest CAGR during the forecast period due to the growing prevalence of obesity & diabetes and the higher prevalence of orthopedic disorders and diseases.
By application, the market is categorized into preventive care, ligament injury, post-operative rehabilitation, osteoarthritis, and other applications (osteoporosis, Paget’s disease, and spinal degenerative conditions). In 2017, the ligament injury segment is expected to account for the largest share of the market, owing to the availability of medical reimbursement for the treatment of ligament injuries and awareness related to the clinical benefits of these products in the effective clinical management of ligament injuries.
Based on sales channel, the market is segmented into four segments, namely, pharmacies & retailers, e-commerce platforms, hospitals & orthopedic clinics. In 2017, pharmacies & retailers are expected to account for the largest share of the market due to ease of product access for patients and growing awareness about the clinical benefits of orthopedic braces in preventive care. Read More
As of 2016, major players in the market 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. Know more about key industry players
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062