OTC Braces & Support market worldwide is projected to grow by US$413.6 Million, driven by a compounded growth of 4.9%.
The OTC braces and supports market is broadly segmented in this study by product, application, sales channel, and geography. Lower extremity braces and supports and upper extremity braces and supports are the two product categories that make up the market. The market segment for braces and supports for the lower extremities is anticipated to hold the highest share in 2017. Due to the rising rates of obesity, diabetes, and orthopaedic illnesses and diseases, this market segment is also anticipated to develop at the highest CAGR during the forecast period.
North America, Europe, Asia Pacific, and the Rest of the World are the four main geographies covered in this research (RoW). Due to the availability of medical reimbursement and insurance for major OTC orthopaedic bracing products and the growth of the target patient population, North America is anticipated to hold the highest share of the market in 2017. (especially osteoporosis and osteoarthritis patients as well as those suffering from musculoskeletal injuries). However, during the projected period, Asia Pacific is anticipated to develop at the fastest rate.
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Global OTC Braces & Support Market: Segmentations
Global OTC Braces & Support Market: By Key Players
Breg
Ossur
Bauerfeind
Bsn Medical
DJO Global
3M
OttoBock
DeRoyal
Medi
Thuasne
Alcare
Zimmer
Trulife
Remington Products
Bird and Cronin
Global OTC Braces & Support Market: By Types
Soft & Elastic Braces and Supports
Hinged Braces and Supports
Hard & Rigid Braces and Supports
Global OTC Braces & Support Market: By Applications
Preventive Care
Post-operative Rehabilitation
Global OTC Braces & Support Market: Regional Analysis
The countries covered in the regional analysis of the Global OTC Braces & Support market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Restraints
• Limited Options to Customize OTC Orthopedic Braces & Supports
• Limited Reimbursement Coverage for OTC Orthopedic Braces and Supports
• Significant Public Adoption of Pain Medications for Disease Management
Opportunities
• Growing Adoption of E-Commerce Platforms for OTC Based Orthopedic Braces
• Product Promotion and Branding Initiatives Undertaken By Major Product Manufacturers
Challenges
• Limited Clinical Evidence to Support Clinical Efficacy of Orthopedic Braces and Supports
Analysis of the impact of COVID-19 and the Russia-Ukraine War:
The readers of this section will be better informed on the effects of the pandemic, the post-pandemic, and the Russia-Ukraine War on the global market for refrigerated freight services. The factors that have changed since the poll was done include demand, consumption, transportation, consumer behavior, and supply chain management. Industry experts have also emphasized the crucial factors that will help players identify opportunities and maintain the sector as a whole in the approaching years.
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The main goals of report are:
1. To examine and assignment the extent of the international market for the market sector.
2. To Researching the important gamers globally, their SWOT analysis, market value, and market share.
3. To identify, describe, and mission market based totally on type, quit use, and geography.
4. To take a look at the market advantages, challenges, dangers, and constraints in the world’s principal regions.
5. To pick out key traits and variables that are advertising or inhibiting market growth.
6. To decide the excessive increase segments in order to have a look at the market potentialities for stakeholders.
7. To consider every submarket fastidiously in phrases of its very own boom sample and market contribution.
8. To know market possessions, agreements, growth, and the introduction of new merchandise as aggressive advances.
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