OTC Orthopedic Braces Market Size, Share, Analysis, Trends, Growth Report, 2030

OTC Orthopedic Braces Market: Overview

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.

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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 its role in the world. OTC orthopedic brace can be easily accessible through e-commerce. The 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.

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COVID-19 Impact Analysis

The OTC Orthopedic Braces market is affected due to the COVID-19 pandemic, bringing about momentary negative development because of components like a drastic decrease in orthopedic medical procedures and restriction on sports activities. In addition, O&P centers were briefly shut, and clinic access is limited to unnecessary consideration. Subsequently, restricted admittance to centers, social distancing, the lockdown of the major population in various countries, which brings about less injury and working environment wounds, and a moderate down intolerant stream has likewise affected the OTC Orthopedic Braces market development.

Growth Factors

The worldwide OTC Orthopedic Braces market is driven by expansion in the rate of bone degenerative sicknesses, simple accessibility of orthopedic supports, ascend in the quantity of orthopedic medical procedures, flood in sports cooperation, execution of orthopedic supports as preventive consideration, the high understanding inclination for elective treatment, shortage of customization choices for the orthopedic braces impede the market development. Alternately, development in open mindfulness and expansion in medical services used are relied upon to give various freedoms to the market development.

Pre-manufactured OTC Orthopedic Braces are accessible around the world, As of now accessible OTC Orthopedic Braces are not as adaptable. Patients with sequential curves, more prominent actual work, explicit shoe fit issues, or critical bone or ligament issues (instead of ordinary ligaments) for the most part lean toward prescription orthopedic braces (other than OTC products).

OTC Orthopedic Braces must be supplanted at regular intervals (when contrasted with solution orthotics that keeps going for quite a long time with negligible restoration). Accordingly, the absence of customization alternatives for OTC Orthopedic Braces is one of the main considerations answerable for limiting the more extensive selection of OTC orthopedic Braces during the forecast period.

Report Scope:

Product Segment Analysis

Knee Segment attributed around 30% of the total revenue generated by the product segment. This is due to major of the OTC braces requirements are related to knee dislocation and the most common reason among the global population. The increasing prevalence of knee-related injuries or diseases such as knee arthritis and knee pain in old aged people contributes more to the sales of knee OTC-related products.  The rest of the sub-segments such as Ankle, Spine, Shoulder, Neck, Elbow, Wrist, Facial, and others also contribute to the global revenue.

Application Segment Analysis Preview

The application segment is subdivided into the ligament, preventive, OA, and compression. The preventive care segment is the largest application segment contributing maximum revenue for the OTC Orthopedic braces market. These braces are majorly used by the athletic community, the regular population also buys these products for normal exercise and yoga sessions. The rise in usage of OTC orthopedic bracing and support products in preventive care is growing in public participation in sports and the rising availability of OTC bracing products for preventive care & ambulatory procedures.

Regional Analysis Preview

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 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 the guideline in the market locally that impacts the current and future patterns of the market. The information focuses on utilization volumes, import trade investigation, value pattern examination, cost of crude materials, and downstream and upstream worth chain examination are a portion of the significant pointers used to conjecture the market situation for singular countries.

Key Market Players & Competitive Landscape

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. 

DJO Finance LLC (US) is one of the significant players working in this market. The organization offers a wide scope of OTC Orthopedic Braces that are utilized in different regions, like tendon wounds, preventive consideration, and post-usable restoration. The organization has appropriation networks in Australia, Canada, South Africa, and Tunisia and circulates its supports and supports in excess of 36 nations. DJO primarily centers around the advancement of mechanically imaginative products to fortify its situation on the lookout. The organization centers around market extensions to additionally advance its situation on the lookout. For example, in December 2018, the organization set up its new worldwide central command in Dallas, US, to create and showcase DonJoy items.

The global OTC Orthopedic Braces Market is segmented as follows:

By Product

• Knee
• Ankle
• Spine
• Shoulder
• Neck
• Elbow
• Wrist
• Facial

By Application

• Ligament
• Preventive
• OA
• Compression

By Distribution Channel

• Hospitals
• Clinics
• Pharmacies
• E-Commerce

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa