27-Sep-2021 | Zion Market Research
Some of key players in OTC Orthopedic Braces market are 3M, Bauerfeind AG, DJO Finance LLC, BSN Medical, Össur Hf, Breg, Inc., DeRoyal Industries, Inc., Zimmer Biomet Holdings, Inc., Ottobock Holding GmbH & Co. KG, Bird & Cronin, Inc., Neo G, Mueller Sports Medicine, medi GmbH & Co. KG, BSN medical, Thuasne Group, Becker Orthopedic, Trulife among others. These players are set to bolster the development of OTC Orthopedic Braces market.
According to analysts at Zion Market Research, the OTC Orthopedic Braces market accounted for USD 571.4 Million in 2020 and is expected to reach USD 906 Million by 2028, growing at a CAGR of more than 5.9 % from 2021 to 2028.
This review is based on a report by Zion Market Research, titled “OTC Orthopedic Braces Market by Product (Knee, Ankle, Spine, Shoulder, Neck, Elbow, Wrist, Facial, and others), Application (Ligament (ACL, LCL), Preventive, OA, and Compression), Distribution Channel (Hospitals, Clinics, Pharmacies, E-Commerce): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”
Streamlining of business processes cost effectively To Spur Growth
The global OTC Orthopedic Braces Market accounted for USD 571.4 Million in 2020 and is expected to reach USD 906 Million by 2028, growing at a CAGR of 5.9% from 2021 to 2028.
Development in the OTC Orthopedic Braces Market is driven fundamentally by the expanding pervasiveness of orthopedic sicknesses and problems, consistent item commercialization, market accessibility and product affordability, rising number of sports and mishap related wounds, and developing public mindfulness identified with preventive consideration are driving the development of the OTC Orthopedic Braces Market. This increases the chances of knee dislocation or wrist or shoulder dislocation. Hence, OTC orthopedic brace is essentially playing their role in the world. OTC orthopedic brace can be easily accessible through e-commerce. Non-Invasive treatment is getting more popular among people. Some of the OTC orthopedic braces include foot & ankle braces, shoulder braces, knee braces, elbow braces, back & hip braces, and many. This launch is expected to boost their customer base and satisfaction.
Presence of Big Players in The Region Support North America Dominance
North America obliged for the most noteworthy piece of the overall industry in the worldwide OTC orthopedic braces market inferable from developing majorly in this region. This pattern is trailed by Europe attributable to rising events of osteoporosis, corpulence, and osteoarthritis; this is expected to support the worldwide market development in not so distant future. Expanding cooperation in the games exercises additionally energizes the market interest in this region.
The regional segment of the orthopedic support market report additionally gives singular market affecting variables and changes in guideline in the market locally that impacts the current and future patterns of the market. Information focuses like utilization volumes, import trade investigation, value pattern examination, cost of crude materials, down-stream and upstream worth chain examination are a portion of the significant pointers used to conjecture the market situation for singular countries.
Browse the full “OTC Orthopedic Braces Market by Product (Knee, Ankle, Spine, Shoulder, Neck, Elbow, Wrist, Facial, and others), Application (Ligament (ACL, LCL), Preventive, OA, Compression), Distribution Channel (Hospitals, Clinics, Pharmacies, E-Commerce): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/otc-orthopedic-braces-market-global-industry-analysis-size
The OTC Orthopedic Braces market is segmented as follows:
By Distribution Channel
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