Market Analysis and Insights of Global OTC Braces

Global OTC braces market is analysed by Data Bridge Market Research, wherein we have accounted for the market to witness a growth rate of 7.10% in the forecasted period of 2020 to 2027, with the market expected to reach a capitalization of USD 7473.6 million. Steady growth witnessed across the prevalence of orthopedic disorders and diseases amongst the population worldwide along with the increasing volume of injuries being caused by sports and physical contacts; these factors are acting as drivers for OTC braces market.

OTC braces are orthopedic products available over-the-counter on various distribution channels without any requirement of prescription or healthcare expertise for its usage. These braces are developed to provide high levels of support and applicable functionality to the individual without requiring any healthcare expertise so that they can purchase and implement these products with utmost ease and comfort.

Increasing levels of initiatives and awareness programs established by the authorities and market players to spread awareness and ensure that the required products are easily available in an affordable manner, these factors are acting as vital growth drivers for OTC braces market.

Lack of alternatives or customization of products in terms of OTC braces along with the lack of evidence for supporting the healthcare efficacy of these products; these factors in combination are restricting the growth for OTC braces market in the forecasted period of 2020 to 2027.

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Global OTC Braces Market Scope and Market Size

OTC braces market is segmented on the basis of product, indication, type, application, distribution channel and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications

On the basis of product, the OTC braces market is segmented into knee braces, ankle braces, foot walkers & orthoses, back, hip & spine braces, shoulder braces, elbow braces, hand & wrist braces and facial braces. Knee braces are sub-segmented into knee braces for osteoarthritis, functional knee braces for ligament injuries, post-operational knee braces and knee support braces. Back, hip & spine braces are sub-segmented into lower spine braces and neck & cervical braces.

On the basis of indication, the OTC braces market is segmented into osteoarthritis, injury, prophylactic and others

OTC braces market on the basis of type has been segmented into soft & elastic braces, hard & rigid braces and hinged braces.

On the basis of application, the OTC braces market is segmented as ligament injury repair, preventive care, post-operative rehabilitation, osteoarthritis, compression therapy and others. Ligament injury repair is sub-segmented into anterior cruciate ligament injuries, lateral collateral ligament injury and others.

On the basis of distribution channel, the OTC braces market is segmented as pharmacies & retailers, e-commerce and orthopedic clinics.

OTC braces market has also been segmented into hospitals, home healthcare and others.

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Competitive Landscape and OTC Braces Market Share Analysis

OTC braces market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to OTC braces market.

The major players covered in the OTC braces market report are 3M, ALCARE Co., Ltd., Bauerfeind, Bird & Cronin LLC, DJO LLC, Breg, Inc., BSN medical, Henry Schein, Inc., DeRoyal Industries, Inc., medi Deutschland, Össur Corporate, Ottobock, Remington Products, TRULIFE, Zimmer Biomet, THUASNE SA, OPPO MEDICAL INC., McDavid among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), South America and Middle East and Africa (MEA) separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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OTC Braces Market Country Level Analysis

OTC braces market is analysed and market size insights and trends are provided by country, type, application and end use as referenced above.

The countries covered in OTC braces market report are the U.S., Canada and Mexico in North America, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina and Rest of South America as part of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, Rest of Middle East & Africa (MEA) as a part of Middle East and Africa (MEA).

North America will hold the dominant share of OTC braces market in the forecasted period of 2020 to 2027. This position of the region is expected to be caused by the various supportive regulations implemented by the government for commercialization and development of products amid high prevalence of musculoskeletal disorders as well as significantly high-volume of sports-related injuries.

The country section of the OTC braces market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

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Global OTC Braces Market By Product (Knee Braces, Ankle Braces, Foot Walkers & Orthoses, Back, Hip & Spine Braces, Shoulder Braces, Elbow Braces, Hand & Wrist Braces, Facial Braces), Indication (Osteoarthritis, Injury, Prophylactic, Others), Type (Soft & Elastic Braces, Hard & Rigid Braces, Hinged Braces), Application (Ligament Injury Repair, Preventive Care, Post-Operative Rehabilitation, Osteoarthritis, Compression Therapy, Others), Distribution Channel (Pharmacies & Retailers, E-Commerce, Orthopedic Clinics), End User (Hospitals, Home Healthcare, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, Rest of Middle East & Africa), Industry Trends and Forecast to 2027

Healthcare Infrastructure Growth Installed Base and New Technology Penetration

OTC braces market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for OTC braces market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the OTC braces market. The data is available for historic period 2010 to 2018.

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