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OTC Braces & Supports - Global Market Trajectory & Analytics

  • ID: 4805902
  • Report
  • May 2020
  • Region: Global
  • 378 pages
  • Global Industry Analysts, Inc
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Amid the COVID-19 crisis and the looming economic recession, the OTC Braces & Supports market worldwide will grow by a projected US$306.1 Million, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 3.7%. Lower Extremity Braces & Supports, one of the segments analyzed and sized in this study, is forecast to grow at over 3.9% and reach a market size of US$860.1 Million by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Lower Extremity Braces & Supports market will be reset to a new normal which going forward in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 2.3% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$7.5 Million to the region's size over the next 7 to 8 years. In addition, over US$7.7 Million worth of projected demand in the region will come from Rest of the European markets. In Japan, the Lower Extremity Braces & Supports segment will reach a market size of US$43.3 Million by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the OTC Braces & Supports market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world’s second largest economy will grow at 7.1% over the next couple of years and add approximately US$98.2 Million in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing OTC Braces & Supports market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others:

3M Company, Alcare Co, Ltd, Bauerfeind AG, BREG, Inc, BSN Medical GmbH, DeRoyal Industries, Inc, DJO Global, Inc, Medi GmbH & Co. KG, Ossur, Otto Bock HealthCare GmbH, Remington Products, Trulife, Zimmer Biomet Holdings, Inc.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
A Prelude to OTC Braces & Support Market
Global Competitor Market Shares
OTC Braces & Support Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
Market Snapshot
Key Trends Summary
Market Outline Trends
Knee Segment Records Highest Market Share
Asia Pacific Market Expected to Grow High
OTC Orthopedic Braces Market: Increasing Affordability of Products Favors Growth
Orthopedic Clinics Segment Accounts Largest Share
Orthopedic Braces and Supports Market: Osteoarthritis and Sports Injuries Drive Growth
Rise in Adoption of OTC Orthopedic Braces by Geriatric Population
North America OTC Orthopedic Braces Market Trends

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Growing Geriatric Population Boosts Market Growth
Rise in Musculoskeletal Disorders Fuels Orthopedic Braces and Supports Market
Increasing Number of Injures through Sports Drives the Braces Market
Arthritis and Trauma Patients Drive Market Demand
Market Insights of Orthopedic Braces and Supports Market
OTC Orthopedic Braces Market Trends
OTC Braces Market Drivers and Restraints
Rising Prevalence of Bone Disorders Fuels the Market
Increasing Incidence of Orthopedic Injuries Drives the Market
Growth Strategies of OTC Braces and Supports Market
Market Trends of Orthotic Devices Market
Growth Factors of Orthopedic Braces & Supports, Casting & Splints Market
OTC Orthopedic Braces Market: Increasing Affordability of Products Favors Growth
OTC Braces Market Trends
Orthopedic Braces and Supports Market Overview
Orthopedic braces Market Trends
Market Growth Drivers
Market Trends & Drivers
Major Driving Factors of the Market
Factors Driving the Market
Market Restraints
Technological Advancements Boosts the Growth Oppotunities

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
Market Facts & Figures
US OTC Braces & Support Market Share (in %) by Company: 2019 & 2025
Market Analytics
CANADA
JAPAN
CHINA
EUROPE
Market Facts & Figures
European OTC Braces & Support Market: Competitor Market Share Scenario (in %) for 2019 & 2025
Europe Orthopedic Braces and Supports Market Trends
Market Analytics
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA

IV. COMPETITION
Total Companies Profiled: 42
Note: Product cover images may vary from those shown
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