According to Stratistics MRC, the Global OTC Braces and Supports market is accounted for $1.16 billion in 2017 and is expected to reach $2.03 billion by 2026 growing at a CAGR of 6.4%. Growing number of aging population, rising incidence of orthopedic diseases & disorders, growing knowledge on orthopedic support systems, rapid growth in affordability and accessibility of OTC orthopedic braces and rise in number of accident related injuries and sports related injuries are some factors helping the market to compete across the globe.
On the contrary, lack of awareness and high cost of products are some restraints hindering the market growth. Moreover, rising acceptance of E-commerce platforms will provide significant opportunities for the market over the forecast period.
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On the basis of end user, orthopedic clinics segment is expected to account for the largest market share owing to patients giving less preference to visit hospitals for acute musculoskeletal problems. They prefer availing products of OTC. As OTC products decrease the time and assist quick treatment for damaged parts of muscles and joints.
By geography, North America dominated the global market due to increasing knowledge levels related to orthopedic support systems that supports mobility and prevent further injury. Moreover, there is a high risk of osteoporosis among US population owing to their huge population of obese and geriatric people.
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Some of the key players profiled in this market include McDavid Knee Guard, Inc., Globus Medical, Bledsoe Brace Systems, Alcare Company Ltd., Langer Biomechanics, FLA Orthopedics, Inc., DeRoyal Industries, Inc., Otto Bock Healthcare GmbH, DJO Global, Inc., OPPO Medical Inc., Frank Stubbs Co., Inc., Bauerfeind AG, Össur Corporate, Johnson&Johnson, Breg, Inc., Stryker Corp., Medtronic PLC, Zimmer Biomet, Smith and Nephew and Weber Orthopedic Inc.
Sales Channels Covered:
Hospitals & Orthopedic Clinics
Pharmacies & Retailers
Upper Extremity Braces and Supports
OTC Lower Extremity Orthopedic Braces & Supports
Post Operative Care
End Users Covered:
Over the Counter (OTC)
Other End Users
Rest of Europe
Rest of Asia Pacific
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
Table of Content
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global OTC Braces And Supports Market, By Sales Channel
6 Global OTC Braces And Supports Market, By Product
7 Global OTC Braces And Supports Market, By Application
8 Global OTC Braces And Supports Market, By End User
9 Global OTC Braces And Supports Market, By Geography
10 Key Developments
11 Company Profiling
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