30-Jan-2020 | Zion Market Research
As per analysts at Zion Market Research, the OTC braces and supports market in 2019 was valued at USD 1.4 billion and is expected to surpass USD 1.7 billion by 2025, with a CAGR of 5.5% from 2019 to 2025. Growth in the market is major boosted by the rising occurrence of orthopedic disorders & diseases, rising public awareness associated to preventive care, and the increasing number of accident and sports-related injuries.
DJO Finance LLC, Breg, Inc., DeRoyal Industries, Inc., Össur Hf, and Bauerfeind AG are the leading companies in the OTC braces and supports market. Other major players active in this market comprise Zimmer Biomet Holdings, Inc., Oppo Medical, Inc., Bird & Cronin, Inc., medi GmbH & Co. KG, Ottobock Holding GmbH & Co. KG, 3M Company, Reh4Mat, BSN medical, Becker Orthopedic, Thuasne Group, and United Ortho.
Knee Braces And Supports Segment Projected To Clock The Uppermost CAGR In The Coming Period
Knee braces are used as a follow-up treatment after knee operation related with injuries such as patella tendonitis, sprained medial knee ligament, knee arthritis, torn knee cartilage, and runner’s knee. The high development of the knee braces and supports section can be credited to the increasing obese and geriatric population (who are at an elevated danger of getting osteoarthritis and different knee-associated conditions) and the rising occurrence of sports injuries along with the advantages provided by these goods, such as lowered rotation of the knee, lateral and medial support, defense from post-surgical danger of injury, and restricted injury during motion.
North America To Have The Biggest Share Of The OTC Braces And Supports Market In The Forecast Period
North America is one of the primary income-generating areas in the global OTC braces and supports market. The supportive regulations by the government for commercialization of product, incessant commercialization and development of new OTC orthopedic support and braces goods, high occurrence of musculoskeletal conditions in the geriatric population, active participation by public in physical activities, noteworthy amount of sports-associated injuries in the nation, and the existence of primary makers in the area are boosting the development of the OTC braces and supports market in North America.
This review is based on a report by Zion Market Research, titled “OTC Braces and Supports Market by Application (Preventive, Ligament (LCL, ACL), Compression, OA), Category, Product (Ankle, Knee, Shoulder, Spine, Elbow, Neck, Facial, Wrist), Distribution (Pharmacies, Clinics, E-Commerce) - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025” report at https://www.zionmarketresearch.com/report/otc-braces-supports-market
The report segments global OTC braces & supports market as follows:
Global OTC Braces & Supports Market: Product Segment Analysis
Global OTC Braces & Supports Market: Type Segment Analysis
Global OTC Braces & Supports Market: Application Segment Analysis
Global OTC Braces & Supports Market: Regional Segment Analysis
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651