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OTC Braces & Supports - Global Market Trajectory & Analytics

  • ID: 4805902
  • Report
  • April 2021
  • Region: Global
  • 378 pages
  • Global Industry Analysts, Inc
Global OTC Braces & Supports Market to Reach $1.4 Billion by 2027

Amid the COVID-19 crisis, the global market for OTC Braces & Supports estimated at US$1.1 Billion in the year 2020, is projected to reach a revised size of US$1.4 Billion by 2027, growing at a CAGR of 3.7% over the period 2020-2027. Lower Extremity Braces & Supports, one of the segments analyzed in the report, is projected to record 3.9% CAGR and reach US$860.1 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Upper Extremity Braces & Supports segment is readjusted to a revised 3.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $289.4 Million, While China is Forecast to Grow at 6.7% CAGR

The OTC Braces & Supports market in the U.S. is estimated at US$289.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$291.3 Million by the year 2027 trailing a CAGR of 6.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 2.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR.

Select Competitors (Total 42 Featured):
  • 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
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • A Prelude to OTC Braces & Support Market
  • 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
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • Europe Orthopedic Braces and Supports Market Trends
  • 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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