Market Overview:
The global OTC braces & supports market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of sports injuries, rising geriatric population, and growing demand for minimally invasive surgeries. Based on type, the knee braces & supports segment is expected to account for the largest share of the global OTC braces & supports market in 2018. This segment is also projected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. Knee braces are used extensively for treating various knee injuries such as ligament tears, meniscus tears, and patellar dislocations/subluxations. Based on application, hospitals are expected to account for the largest share of the global OTC braces & supports market in 2018. This segment is also projected to grow at a CAGR of 5%.
Product Definition:
OTC braces and supports are devices that are available over the counter without a prescription. They may be used to provide support for injured muscles or joints, or to improve posture. OTC braces and supports can be helpful in speeding up the healing process after an injury, and they may also help prevent injuries from occurring.
Knee:
The knee is a hinge joint that allows the body to move forward and backward, side to side, and up and down. There are two types of knees - anatomical (built-in) and surgical (after surgery). The knee joint is located in the middle of the lower leg bone (femur) & upper leg bone (tibia), which forms a circle called "knee cap".
Ankle:
Ankle is the joint in the human body where ankle ligaments connect to the foot. Ankle injuries are amongst one of the most common musculoskeletal disorders that occur as a result of trauma, overstraining or inflammation. The major function of ankle is to allow forward and backward movement with respect to ground surface.
Application Insights:
The industry is segmented on the basis of application into hospitals, clinics, pharmacies and e-commerce. The hospitals segment dominated the industry in 2017 owing to factors such as increasing geriatric population and rising number of hospital admissions due to musculoskeletal disorders. Moreover, an increase in healthcare spending by governments as well as private players coupled with growing awareness regarding OTC products is expected to drive growth over the forecast period.
OTC braces & supports are widely used for treatment of sports injuries such as sprains/strains, fractures or dislocations caused by accidents or violence at home or abroad. These types of injuries often require surgical intervention which can be expensive both financially and emotionally if it involves a surgery room admission period that lasts for several days depending upon the severity of injury suffered by a patient.
Regional Analysis:
North America dominated the global market in 2017. The presence of a large number of key players, favorable reimbursement policies, and rising healthcare expenditure are some factors driving the growth. In addition, increasing cases of sports injuries and growing awareness about bracing & supports are expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to be one of the fastest-growing regions owing to improving economic conditions in emerging countries such as China and India. Moreover, an increase in consumer disposable income levels coupled with an increase in health consciousness is also expected to drive growth over the forecast period. Increasing cases of osteoporosis due to changing lifestyles will further boost demand for OTC braces & supports products across this region during future years (estimated from 2018 - 2030).
Growth Factors:
- Increasing incidence of sports injuries: The increasing incidence of sports injuries is one of the key growth drivers for the global OTC braces and supports market. According to a study by the Centers for Disease Control and Prevention (CDC), in the U.S., around 2 million people get injured while playing sports every year, which leads to increased demand for braces and supports products.
- Rising geriatric population: The global geriatric population is growing at a rapid pace, which is leading to an increase in cases of age-related orthopedic conditions such as arthritis, osteoporosis, and joint pain. This is fueling demand for braces and supports products as they help improve mobility and reduce pain in elderly patients.
- Growing awareness about benefits of using braces & supports: There has been a significant rise in awareness about the benefits of using braces & supports among consumers in recent years. This has led to an increase in adoption rates across regions, thereby driving market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
OTC Braces & Supports Market Research Report
By Type
Knee, Ankle, Spine, Shoulder, Neck, Elbow, Wrist, Facial
By Application
Hospitals, Clinics, Pharmacies, E-Commerce
By Companies
3M, Bauerfeind, DJO Finance, BSN Medical, Össur Hf, DeRoyal Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global OTC Braces & Supports Market Report Segments:
The global OTC Braces & Supports market is segmented on the basis of:
Types
Knee, Ankle, Spine, Shoulder, Neck, Elbow, Wrist, Facial
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Pharmacies, E-Commerce
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 3M
- Bauerfeind
- DJO Finance
- BSN Medical
- Össur Hf
- DeRoyal Industries
Highlights of The OTC Braces & Supports Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Knee
- Ankle
- Spine
- Shoulder
- Neck
- Elbow
- Wrist
- Facial
- By Application:
- Hospitals
- Clinics
- Pharmacies
- E-Commerce
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the OTC Braces & Supports Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
OTC braces and supports are a type of medical device that help to correct alignment of the teeth. They are often used in conjunction with other dental treatments, such as crowns or veneers.
Some of the major players in the otc braces & supports market are 3M, Bauerfeind, DJO Finance, BSN Medical, –ssur Hf, DeRoyal Industries.
The otc braces & supports market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 OTC Braces & Supports Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 OTC Braces & Supports Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 OTC Braces & Supports Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the OTC Braces & Supports Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global OTC Braces & Supports Market Size & Forecast, 2018-2028
4.5.1 OTC Braces & Supports Market Size and Y-o-Y Growth
4.5.2 OTC Braces & Supports Market Absolute $ Opportunity
Chapter 5 Global OTC Braces & Supports Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 OTC Braces & Supports Market Size Forecast by Type
5.2.1 Knee
5.2.2 Ankle
5.2.3 Spine
5.2.4 Shoulder
5.2.5 Neck
5.2.6 Elbow
5.2.7 Wrist
5.2.8 Facial
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global OTC Braces & Supports Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 OTC Braces & Supports Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Pharmacies
6.2.4 E-Commerce
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global OTC Braces & Supports Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 OTC Braces & Supports Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America OTC Braces & Supports Analysis and Forecast
9.1 Introduction
9.2 North America OTC Braces & Supports Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America OTC Braces & Supports Market Size Forecast by Type
9.6.1 Knee
9.6.2 Ankle
9.6.3 Spine
9.6.4 Shoulder
9.6.5 Neck
9.6.6 Elbow
9.6.7 Wrist
9.6.8 Facial
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America OTC Braces & Supports Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Pharmacies
9.10.4 E-Commerce
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe OTC Braces & Supports Analysis and Forecast
10.1 Introduction
10.2 Europe OTC Braces & Supports Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe OTC Braces & Supports Market Size Forecast by Type
10.6.1 Knee
10.6.2 Ankle
10.6.3 Spine
10.6.4 Shoulder
10.6.5 Neck
10.6.6 Elbow
10.6.7 Wrist
10.6.8 Facial
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe OTC Braces & Supports Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Pharmacies
10.10.4 E-Commerce
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific OTC Braces & Supports Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific OTC Braces & Supports Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific OTC Braces & Supports Market Size Forecast by Type
11.6.1 Knee
11.6.2 Ankle
11.6.3 Spine
11.6.4 Shoulder
11.6.5 Neck
11.6.6 Elbow
11.6.7 Wrist
11.6.8 Facial
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific OTC Braces & Supports Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Pharmacies
11.10.4 E-Commerce
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America OTC Braces & Supports Analysis and Forecast
12.1 Introduction
12.2 Latin America OTC Braces & Supports Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America OTC Braces & Supports Market Size Forecast by Type
12.6.1 Knee
12.6.2 Ankle
12.6.3 Spine
12.6.4 Shoulder
12.6.5 Neck
12.6.6 Elbow
12.6.7 Wrist
12.6.8 Facial
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America OTC Braces & Supports Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Pharmacies
12.10.4 E-Commerce
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) OTC Braces & Supports Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) OTC Braces & Supports Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) OTC Braces & Supports Market Size Forecast by Type
13.6.1 Knee
13.6.2 Ankle
13.6.3 Spine
13.6.4 Shoulder
13.6.5 Neck
13.6.6 Elbow
13.6.7 Wrist
13.6.8 Facial
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) OTC Braces & Supports Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Pharmacies
13.10.4 E-Commerce
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 OTC Braces & Supports Market: Competitive Dashboard
14.2 Global OTC Braces & Supports Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 3M
14.3.2 Bauerfeind
14.3.3 DJO Finance
14.3.4 BSN Medical
14.3.5 Össur Hf
14.3.6 DeRoyal Industries
