Global OTC Braces and Supports Strategic Business Report 2023: Increasing Incidence of Orthopedic Injuries Drives the Market


Dublin, May 19, 2023 (GLOBE NEWSWIRE) -- The "OTC Braces and Supports: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for OTC Braces and Supports estimated at US$1.2 Billion in the year 2022, is projected to reach a revised size of US$1.7 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2022-2030.

Lower Extremity Braces & Supports, one of the segments analyzed in the report, is projected to record 4.9% CAGR and reach US$1.1 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Upper Extremity Braces & Supports segment is readjusted to a revised 4.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $327 Million, While China is Forecast to Grow at 7.8% CAGR

The OTC Braces and Supports market in the U.S. is estimated at US$327 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$368.9 Million by the year 2030 trailing a CAGR of 7.8% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 3.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.

Select Competitors (Total 19 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.

Key Attributes:

Report AttributeDetails
No. of Pages183
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$1.2 Billion
Forecasted Market Value (USD) by 2030$1.7 Billion
Compound Annual Growth Rate4.5%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • A Prelude to OTC Braces & Support Market
  • OTC Braces & Supports - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • 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 Opportunities

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/6cuqi5

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Global Market for OTC Braces and Supports

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