OTC Braces & Support Market by Product, Application, Sales Channel - Global Forecasts to 2022

  • ID: 4433550
  • Report
  • Region: Global
  • 321 Pages
  • Markets and Markets
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FEATURED COMPANIES

  • 3M Company (US)
  • Bauerfeind (Germany)
  • Breg (US)
  • Deroyal (US)
  • Medi (Germany)
  • Otto Bock (Germany)
  • MORE

"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"

"The OTC braces and supports market is estimated to grow at a CAGR of 5.2% in the next five years"

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%. 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. However, factors such as limited clinical evidence to support the efficacy of orthopedic braces and supports and limited options to customize OTC orthopedic braces & supports and is limiting the growth of the market.

"The lower extremity braces and supports segment is expected to witness the highest growth during the forecast period"

In 2017, on the basis of product, the lower extremity braces and supports segment is expected to register the highest growth rate during the forecast period. The rising geriatric population, growing adoption of braces among athletes, and the increasing use of braces and supports by osteoarthritis patients and athletes for preventive care are factors driving the demand for lower extremity braces and supports.

"By application, the ligament injury segment is expected to grow at the highest rate during the forecast period"

On the basis of application, the ligament injury segment is estimated to register the highest growth rate in 2017 and this trend is also expected to continue during the forecast period. The growth of this segment is attributed to increasing public participation in sports & athletic activities (coupled with the rising incidence of sports-related injuries) and awareness regarding the clinical benefits of these products in the effective clinical management of ligament injuries.

"Pharmacies & retailers are expected to hold the largest share of the market in 2017"

In 2017, on the basis of sales channel, the pharmacies & retailers segment is expected to account for the largest share of the market. The dominant share of this segment is attributed to the availability of orthopedic bracing products through retailers & pharmacies, increasing reimbursements for OTC braces among developed countries, and the significant adoption of off-the-shelf braces for sprain & ligament injury among major countries.

"Asia Pacific is expected to register the highest growth rate during the forecast period"

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.

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%

The global OTC braces and supports market is competitive, with a large number of global and local players. In 2016, the market was dominated by DJO Finance LLC (US), Breg, Inc. (US), and Ossur Hf (Iceland). Product launches, strategic acquisitions, and partnerships were the major strategies adopted by market players to achieve growth in the market.

Research Coverage

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. Furthermore, the report analyzes micromarkets with respect to their individual growth trends, prospects, and contributions to the total market. The report forecasts the revenue of the market segments with respect to four main regions.

Reasons to Buy the Report:

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.

The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn help firms garner greater market shares. Firms purchasing the report could use any one or a combination of the below-mentioned five strategies for strengthening their market shares.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on product portfolios offered by the major players in the orthopedic braces and supports market. The report analyzes the orthopedic braces and supports market based on product, application, sales channel, and region
  • Product Development: Detailed insights on the R&D activities and product launches in the OTC braces and supports market
  • Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various orthopedic braces and support products across geographies
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the orthopedic braces and supports market
  • Competitive Assessment: In-depth assessment of market shares, strategies, products, distribution networks, and manufacturing capabilities of leading players in the OTC braces and supports market.
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Note: Product cover images may vary from those shown
2 of 6

FEATURED COMPANIES

  • 3M Company (US)
  • Bauerfeind (Germany)
  • Breg (US)
  • Deroyal (US)
  • Medi (Germany)
  • Otto Bock (Germany)
  • MORE

1 Introduction
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Markets Covered
    1.4 Geographic Scope
    1.5 Years Considered for the Study
    1.6 Currency Used
    1.7 Markets Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
    2.2 Opportunity Indicators
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown and Data Triangulation
    2.5 Research Assumptions
    2.6 Research Limitations

3 Executive Summary

4 Premium Insights
    4.1 Increasing Prevalence of Orthopedic Diseases and Disorders to Drive the Growth of the Market (2017-2022)
    4.2 Ligament Injury Segment to Dominate the OTC Orthopedic Braces and Supports Market as of 2017
    4.3 Asia Pacific to Be the Fastest-Growing Market for OTC Orthopedic Braces and Supports During the Forecast Period
    4.4 Pharmacies & Retailers Segment to Dominate Market Across All the Regions as of 2017
    4.5 China and India to Be the Fastest-Growing Markets for OTC Orthopedic Braces and Supports During the Forecast Period

5 Market Overview
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Prevalence of Orthopedic Diseases & Disorders
                    5.2.1.2 Rapid Growth in the Geriatric Population
                    5.2.1.3 Development of Specialized OTC Orthopedic Braces and Support Products
                    5.2.1.4 Growing Affordability and Availability of OTC Orthopedic Braces
                    5.2.1.5 Rising Number of Sports and Accident-Related Injuries
           5.2.2 Restraints
                    5.2.2.1 Limited Options to Customize OTC Orthopedic Braces & Supports
                    5.2.2.2 Limited Reimbursement Coverage for OTC Orthopedic Braces and Supports
                    5.2.2.3 Significant Public Adoption of Pain Medications for Disease Management
           5.2.3 Opportunities
                    5.2.3.1 Growing Adoption of E-Commerce Platforms for OTC Based Orthopedic Braces
                    5.2.3.2 Product Promotion and Branding Initiatives Undertaken By Major Product Manufacturers
           5.2.4 Challenges
                    5.2.4.1 Limited Clinical Evidence to Support Clinical Efficacy of Orthopedic Braces and Supports

6 OTC Orthopedic Braces and Supports Market, By Product
    6.1 Introduction
    6.2 OTC Lower Extremity Orthopedic Braces & Supports
           6.2.1 Knee Braces & Supports
           6.2.2 Ankle Braces & Supports
           6.2.3 Foot Walkers & Orthoses
           6.2.4 Back, Hip, & Spine Braces & Supports
                    6.2.4.1 Neck and Cervical Braces & Supports
                    6.2.4.1 Lower Spine Braces & Supports
           6.2.5 OTC Upper Extremity Orthopedic Braces & Supports
           6.2.6 Shoulder Braces & Supports
           6.2.7 Elbow Races & Supports
           6.2.8 Hand and Wrist Braces & Supports

7 OTC Orthopedic Braces and Supports Market, By Application
    7.1 Introduction
    7.2 Ligament Injury
    7.3 Preventive Care
    7.4 Post-Operative Rehabilitation
    7.5 Osteoarthritis
    7.6 Cold Bracing
    7.7 Other Applications

8 OTC Orthopedic Braces and Supports Market, By Sales Channel
    8.1 Introduction
    8.2 Pharmacies & Retailers
    8.3 E-Commerce Platforms
    8.4 Hospitals & Orthopedic Clinics

9 OTC Orthopedic Braces and Supports Market, By Region
    9.1 Introduction
    9.2 North America
           9.2.1 US
           9.2.2 Canada
    9.3 Europe
           9.3.1 Germany
           9.3.2 UK
           9.3.3 France
           9.3.4 Rest of Europe
    9.4 Asia Pacific
           9.4.1 Japan
           9.4.2 China
           9.4.3 India
           9.4.4 Rest of Asia Pacific
    9.5 Rest of the World

10 Competitive Landscape
     10.1 Overview
     10.2 Global OTC Orthopedic Braces and Support Market Share Analysis, By Key Players (2016)
     10.3 Global OTC Orthopedic Braces and Support Market Raking Analysis (2016)
             10.3.1 Global Upper Extremity OTC Orthopedic Braces and Supports Market Ranking (2016)
             10.3.2 Global Lower Extremity OTC Orthopedic Braces and Supports Market Ranking (2016)
     10.4 Competitive Scenario
             10.4.1 Product Launches and Enhancements
             10.4.2 Agreements, Partnerships, and Collaborations
             10.4.3 Mergers and Acquisitions
             10.4.4 Market Expansions

11 Company Profiles
(Company Overview, Products Portfolio, Financials, Strategy & Developments, SWOT Analysis, View)*
     11.1 Breg (US)
     11.2 Ossur (Iceland)
     11.3 Bauerfeind (Germany)
     11.4 Bsn Medical (Germany)
     11.5 DJO (US)
     11.6 3M Company (US)
     11.7 Otto Bock (Germany)
     11.8 Deroyal (US)
     11.9 Medi (Germany)
     11.10 Thusane (France)
     11.11 Alcare (Japan)
     11.12 Zimmer (US)
     11.13 Trulife (Ireland)
     11.14 Remington Products Company (US)
     11.15 Bird and Cronin (US)

*Details on Company Overview, Product Portfolio, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

List of Tables
Table 1 OTC Orthopedic Braces & Supports Market, By Product, 2015-2022 (USD Million)
Table 2 OTC Lower Extremity Orthopedic Braces & Supports Market, By Type, 2015-2022 (USD Million)
Table 3 OTC Lower Extremity Orthopedic Braces & Supports Market, By Region, 2015-2022 (USD Million)
Table 4 OTC Knee Braces & Supports Market, By Region, 2015-2022 (USD Million)
Table 5 OTC Ankle Braces & Supports Market, By Region, 2015-2022 (USD Million)
Table 6 OTC Foot Braces & Orthoses Market, By Region, 2015-2022 (USD Million)
Table 7 OTC Back, Hip, & Spine Braces & Supports Market, By Type, 2015-2022 (USD Million)
Table 8 OTC Back, Hip, & Spine Braces & Supports Market, By Region, 2015-2022 (USD Million)
Table 9 OTC Neck & Cervical Braces & Supports Market, By Region, 2015-2022 (USD Million)
Table 10 OTC Lower Spine Braces & Supports Market, By Region, 2015-2022 (USD Million)
Table 11 OTC Upper Extremity Orthopedic Braces & Supports Market, By Type, 2015-2022 (USD Million)
Table 12 OTC Upper Extremity Orthopedic Braces & Supports Market, By Region, 2015-2022 (USD Million)
Table 13 OTC Shoulder Braces & Supports Market, By Region, 2015-2022 (USD Million)
Table 14 OTC Elbow Braces & Supports Market, By Region, 2015-2022 (USD Million)
Table 15 OTC Hand and Wrist Braces & Supports Market, By Region, 2015-2022 (USD Million)
Table 16 Global OTC Orthopedic Braces and Supports Market, By Application, 2015-2022 (USD Million)
Table 17 OTC Orthopedic Braces and Supports Market for Ligament Injury, By Region, 2015-2022 (USD Million)
Table 18 OTC Orthopedic Braces and Supports Market for Preventive Care, By Region, 2015-2022 (USD Million)
Table 19 OTC Orthopedic Braces and Supports Market for Post-Operative Rehabilitation, By Region, 2015-2022 (USD Million)
Table 20 OTC Orthopedic Braces and Supports Market for Osteoarthritis, By Region, 2015-2022 (USD Million)
Table 21 OTC Orthopedic Braces and Supports Market for Cold Bracing, By Region, 2015-2022 (USD Million)
Table 22 Orthopedic Braces and Supports Market for Preventive Care, By Region, 2015-2022 (USD Million)
Table 23 Global OTC Orthopedic Braces and Supports Market, By Sales Channel, 2015-2022 (USD Million)
Table 24 OTC Orthopedic Braces and Supports Market for Pharmacies & Retailers, By Region, 2015-2022 (USD Million)
Table 25 OTC Orthopedic Braces and Supports Market for E-Commerce Platforms, By Region, 2015-2022 (USD Million)
Table 26 OTC Orthopedic Braces and Supports Market for Hospitals & Orthopedic Clinics, By Region, 2015-2022 (USD Million)
Table 27 OTC Orthopedic Braces & Supports Market, By Region, 2015-2022 (USD Million)
Table 28 North America: OTC Orthopedic Braces & Supports Market, By Country, 2015-2022 (USD Million)
Table 29 North America: Lower Extremity OTC Orthopedic Braces & Supports Market, By Type, 2015-2022 (USD Million)
Table 30 North America: Upper Extremity OTC Orthopedic Braces & Supports Market, By Type, 2015-2022 (USD Million)
Table 31 North America: OTC Orthopedic Braces & Supports Market, By Sales Channel, 2015-2022 (USD Million)
Table 32 North America: OTC Orthopedic Braces & Supports Market, By Application, 2015-2022 (USD Million)
Table 33 US: Lower Extremity OTC Orthopedic Braces & Supports Market, By Type, 2015-2022 (USD Million)
Table 34 US: Upper Extremity OTC Orthopedic Braces & Supports Aces Market, By Type, 2015-2022 (USD Million)
Table 35 Canada: Lower Extremity OTC Orthopedic Braces & Supports Market, By Type, 2015-2022 (USD Million)
Table 36 Canada: Upper Extremity OTC Orthopedic Braces & Supports Market, By Type, 2015-2022 (USD Million)
Table 37 Europe: OTC Orthopedic Braces & Supports Market, By Country, 2015-2022 (USD Million)
Table 38 Europe: Lower Extremity OTC Orthopedic Braces & Supports Market, By Type, 2015-2022 (USD Million)
Table 39 Europe: Upper Extremity OTC Orthopedic Braces & Supports Market, By Type, 2015-2022 (USD Million)
Table 40 Europe: OTC Orthopedic Braces & Supports Market, By Sales Channel, 2015-2022 (USD Million)
Table 41 Europe: OTC Orthopedic Braces & Supports Market, By Application, 2015-2022 (USD Million)
Table 42 Germany: Lower Extremity OTC Orthopedic Braces & Supports Market, By Type, 2015-2022 (USD Million)
Table 43 Germany: Upper Extremity OTC Orthopedic Braces & Supports Market, By Type, 2015-2022 (USD Million)
Table 44 UK: Lower Extremity OTC Orthopedic Braces & Supports Market, By Type, 2015-2022 (USD Million)
Table 45 UK: Upper Extremity OTC Orthopedic Braces & Supports Market, By Type, 2015-2022 (USD Million)
Table 46 France: Lower Extremity OTC Orthopedic Braces & Supports Market, By Type, 2015-2022 (USD Million)
Table 47 France: Upper Extremity OTC Orthopedic Braces & Supports Market, By Type, 2015-2022 (USD Million)
Table 48 RoE: Lower Extremity OTC Orthopedic Braces & Supports Market, By Type, 2015-2022 (USD Million)
Table 49 RoE: Upper Extremity OTC Orthopedic Braces & Supports Market, By Type, 2015-2022 (USD Million)
Table 50 Asia Pacific: OTC Orthopedic Braces & Supports Market, By Country, 2015-2022 (USD Million)
Table 51 Asia Pacific: OTC Orthopedic Braces & Supports Market, By Country, 2015-2022 (USD Million)
Table 52 Asia Pacific: Upper Extremity OTC Orthopedic Braces & Supports Market, By Type, 2015-2022 (USD Million)
Table 53 Asia Pacific: OTC Orthopedic Braces & Supports Market, By Sales Channel, 2015-2022 (USD Million)
Table 54 Asia Pacific: OTC Orthopedic Braces & Supports Market, By Application, 2015-2022 (USD Million)
Table 55 Japan: Lower Extremity OTC Orthopedic Braces & Supports Market, By Type, 2015-2022 (USD Million)
Table 56 Japan: Upper Extremity OTC Orthopedic Braces & Supports Market, By Type, 2015-2022 (USD Million)
Table 57 China: Lower Extremity OTC Orthopedic Braces & Supports Market, By Type, 2015-2022 (USD Million)
Table 58 China: Upper Extremity OTC Orthopedic Braces & Supports Market, By Type, 2015-2022 (USD Million)
Table 59 India: Lower Extremity OTC Orthopedic Braces & Supports Market, By Type, 2015-2022 (USD Million)
Table 60 India: Upper Extremity OTC Orthopedic Braces & Supports Market, By Type, 2015-2022 (USD Million)
Table 61 RoAPAC: Lower Extremity OTC Orthopedic Braces & Supports Market, By Type, 2015-2022 (USD Million)
Table 62 RoAPAC: Upper Extremity OTC Orthopedic Braces & Supports Market, By Type, 2015-2022 (USD Million)
Table 63 RoW: Lower Extremity OTC Orthopedic Braces & Supports Market, By Type, 2015-2022 (USD Million)
Table 64 RoW: Upper Extremity OTC Orthopedic Braces & Supports Market, By Type, 2015-2022 (USD Million)
Table 65 RoW: OTC Orthopedic Braces & Supports Market, By Application, 2015-2022 (USD Million)
Table 66 RoW: OTC Orthopedic Braces & Supports Market, By Type, 2015-2022 (USD Million)
Table 67 Major Product Launches and Enhancements (2013-2017)
Table 68 Major Agreements, Partnerships, and Collaborations (2013-2017)
Table 69 Major Mergers and Acquisitions (2013-2017)
Table 70 Major Market Expansions (2013-2017)

List of Figures
Figure 1 Research Design
Figure 2 Breakdown of Primaries: OTC Orthopedic Braces Market
Figure 3 Opportunity Indicators: Impact Analysis
Figure 4 Knee Braces and Supports Segment is Estimated to Dominate Global OTC Orthopedic Braces and Supports Market During 2017-2022
Figure 5 Pharmacies & Retailers are Estimated to Hold the Largest Share in the OTC Orthopedic Braces and Supports Market as of 2017
Figure 6 Ligament Injury is Estimated to Hold the Largest Share in OTC Orthopedic Braces and Supports Market as of 2017
Figure 7 North America to Dominate the Global OTC Orthopedic Braces and Supports Market During the Forecast Period
Figure 8 Obese Population (As A Percentage of the Total Population) in Oecd Countries (2015)
Figure 9 Prevalence of Diabetes Per 100,000 Population Among Major Countries (2015)
Figure 10 Geriatric Population Across Major Healthcare Markets Worldwide, 2000 vs 2015
Figure 11 Number of Injuries in Road Accidents Among Major Countries in 2015 (In Thousands)
Figure 12 Percentage of Sports Injuries in the English Premier League (UK), 2015-2016
Figure 13 Percentage of Sports Injuries Reported During Nba (US), 2016-2017
Figure 14 Commonly Reported Sports Injuries Worldwide (2013)
Figure 15 Global Incidence of Sports Injuries Among Athletes (Aged Below 19 Years), 2013
Figure 16 Knee Braces and Supports Segment to Dominate the OTC Lower Extremity Braces and Supports Market During the Forecast Period
Figure 17 Patient Population With Ankle Sprains Across Major Countries (2015)
Figure 18 Shoulder Braces and Supports to Dominate the OTC Upper Extremity Braces and Supports Market During the Forecast Period
Figure 19 North America to Hold the Largest Share of the Application Segment of the OTC Orthopedic Braces and Suports Market During the Forecast Period
Figure 20 Pharmacies & Retailers Segment to Dominate of the OTC Orthopedic Braces and Supports Market During the Forecast Period
Figure 21 OTC Orthopedic Braces and Supports Market, By Country/Region (2017-2022)
Figure 22 Prevalence of Sports Injuries in the US (In Millions, 2015)
Figure 23 UK Dominates in the Proportion of Obese Population in Europe as of 2015
Figure 24 Key Developments By Leading Market Players in the OTC Orthopedic Braces and Supports Market, 2014-2017
Figure 25 Global Upper Extremity OTC Orthopedic Braces and Supports Market Ranking, By Top 5 Players (2016)
Figure 26 Global Lower Extremity OTC Orthopedic Braces and Supports Market Ranking, By Top 5 Players (2016)
Figure 27 Product Launches & Enhancements, the Most Widely Adopted Growth Strategy During 2013-2017
Figure 28 Össur HF: Company Snapshot (2016)
Figure 29 DJO Finance LLC: Company Snapshot (2016)
Figure 30 3M Company: Company Snapshot (2016)
Figure 31 Zimmer Biomet Holdings, Inc.: Company Snapshot (2016)

Note: Product cover images may vary from those shown
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  • 3M Company (US)
  • Alcare (Japan)
  • Bauerfeind (Germany)
  • Bird and Cronin (US)
  • Breg (US)
  • Bsn Medical (Germany)
  • DJO (US)
  • Deroyal (US)
  • Medi (Germany)
  • Ossur (Iceland)
  • Otto Bock (Germany)
  • Remington Products Company (US)
  • Thusane (France)
  • Trulife (Ireland)
  • Zimmer (US)
Note: Product cover images may vary from those shown
6 of 6
Note: Product cover images may vary from those shown
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