Worldwide OTC Braces and Support Industry to 2027 - High Growth Potential in Emerging Economies
DUBLIN, July 1, 2021 /PRNewswire/ -- The "OTC Braces and Support Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Product; Type; Application; End User, and Geography" report has been added to ResearchAndMarkets.com's offering.
The OTC braces and support market was valued at US$ 1,454.55 million in 2020 and is projected to reach US$ 2,238.98 million by 2028; it is expected to grow at a CAGR of 5.53% from 2020 to 2028.
The elevating number of sports injuries and cases of orthopedic diseases, and increasing awareness about braces and supports are among the key factors contributing to the market growth. Further, the high growth potential in emerging economies presents lucrative opportunities for the growth of the OTC braces and support market players. However, the availability of alternate therapies hinders the market growth.
Athletes and players frequently suffer from injuries during sports activities. These injuries can damage cartilage and ligaments. An increasing number of sports injuries among players and athletes is driving the growth of the OTC braces and support market. According to the estimates of a study published by Stanford Children's Health in 2020, 30 million children and teenagers participate in sports annually in the US, and ~3.5 million injuries are reported in these organized sports events each year. Further, most common injuries observed among children and teenagers are sprains and strains. According to estimates published by National Safety Council (NSC), 526,000 injuries were caused due to personal exercise, with or without equipment, in the US in 2017. Further, basketball caused the highest number of injuries among all the sports, i.e., ~500,000, followed by bicycling (457,000) and football (341,000) in the country. The increasing number of participations in sports leads to the surge in sports injuries among the participants.
According to a study published in the British Journal of Sports Medicine in 2018, the world is witnessing considerable surge in football participation, which is directly corelated to the rise in cases of articular cartilage injuries. Additionally, according to a study published by the National Federation of State High School Associations (NFHS), during 2018?2019, the US reported a significant growth in participation in soccer, wrestling, and tennis by boys from high schools. It also stated that school sports participation in the US was at peak during 2017?2018, for the first time since past 30 years.
Based on product, the OTC braces and support market is segmented into knee braces and support, back hip and spine braces and support, foot walkers and orthoses braces and support, neck and cervical braces and support, shoulder braces and support, elbow braces and support, hand and wrist braces and support, and facial braces and support. The knee braces and support segment held the largest market share in 2020 and is expected to register the highest CAGR in the market during the forecast period. By type, the OTC braces and support market is segmented into soft and elastic braces and support, hard and rigid braces and support, and hinged braces and support. The soft and elastic braces and support segment held the largest share of the market in 2020, and it is further expected to register the highest CAGR during 2021-2028.
The Food Safety and Inspection Service, Food and Drug Administration (FDA), National Institute of Health (NIH), and European Medical Association are a few of the major secondary sources referred to while preparing the report on the global OTC braces and support market.
Key Topics Covered:
1. Introduction
2. OTC Braces and Support Market- Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Global OTC Braces and Support Market- Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 APAC PEST Analysis
4.2.4 MEA PEST Analysis
4.2.5 SCAM PEST Analysis
4.3 Expert Opinion
5. OTC Braces and Support Market- Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Elevating Number of Sports Injuries and Cases of Orthopedic Diseases
5.1.2 Increasing Awareness About Braces and Supports
5.2 Key Market Restraints
5.2.1 Availability of Alternate Therapies
5.3 Key Market Opportunities
5.3.1 High Growth Potential in Emerging Economies
5.4 Future Trends
5.4.1 Continuous Demand for Better Quality Products
5.5 Impact analysis
6. OTC Braces and Support Market- Global Analysis
6.1 Global OTC Braces and Support Market Revenue Forecast and Analysis
6.2 Global OTC Braces and Support Market, By Geography - Forecast and Analysis
6.3 Market Positioning of Key Players
7. Global OTC Braces and Support Market Analysis- By Product
7.1 Overview
7.2 Global OTC Braces and Support Market, By Product 2020 & 2028 (%)
7.3 Knee
7.3.1 Overview
7.3.2 Knee: OTC Braces and Support Market Revenue and Forecasts To 2028 (US$ Mn)
7.4 Back, Hip and Spine Braces and Support
7.4.1 Overview
7.4.2 Back, Hip and Spine Braces and Support: OTC Braces and Support Market Revenue and Forecasts To 2028 (US$ Mn)
7.5 Foot Walkers & Orthoses
7.5.1 Overview
7.5.2 Foot Walkers & Orthoses: OTC Braces and Support Market Revenue and Forecasts To 2028 (US$ Mn)
7.6 Neck and Cervical
7.6.1 Overview
7.6.2 Neck and Cervical Braces and Support: OTC Braces and Support Market Revenue and Forecasts To 2028 (US$ Mn)
7.7 Shoulder Braces and Support
7.7.1 Overview
7.7.2 Shoulder Braces and Support: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)
7.8 Hand and Wrist Braces and Support
7.8.1 Overview
7.8.2 Hand and Wrist Braces and Support: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)
7.9 Elbow Braces and Support
7.9.1 Overview
7.9.2 Elbow Braces and Support: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)
7.10 Facial Braces and Support
7.10.1 Overview
7.10.2 Facial Braces and Support: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)
8. Global OTC Braces and Support Market Analysis- by Type
8.1 Overview
8.2 Global OTC Braces and Support Market, by Type 2020 & 2028 (%)
8.3 Soft and Elastic Braces and Support
8.3.1 Overview
8.3.2 Soft and Elastic Braces and Support: OTC Braces and Support Market Revenue and Forecasts To 2028 (US$ Mn)
8.4 Hard and Rigid Braces and Support
8.4.1 Overview
8.4.2 Hard and Rigid Braces and Support: OTC Braces and Support Market Revenue and Forecasts To 2028 (US$ Mn)
8.5 Hinged Braces and Support
8.5.1 Overview
8.5.2 Hinged Braces and Support: OTC Braces and Support Market Revenue and Forecasts To 2028 (US$ Mn)
9. Global OTC Braces and Support Market Analysis - By Application
9.1 Overview
9.2 Global OTC Braces and Support Market, by Application, 2020 & 2028(%)
9.3 Ligament Injury Repair Market
9.3.1 Overview
9.3.2 Global Ligament Injury Repair Market Revenue and Forecasts to 2028(US$ Mn)
9.4 Osteoarthritis Market
9.4.1 Overview
9.4.2 Global Osteoarthritis Market Revenue and Forecasts to 2028(US$ Mn)
9.5 Preventive Care Market
9.5.1 Overview
9.5.2 Global Preventative Care Market Revenue and Forecasts to 2028(US$ Mn)
9.6 Compression Therapy Market
9.6.1 Overview
9.6.2 Global Compression Therapy Market Revenue and Forecasts to 2028(US$ Mn)
9.7 Others Market
9.7.1 Overview
9.7.2 Global Others Market Revenue and Forecasts to 2028(US$ Mn)
10. OTC Braces and Support Market Analysis - By End User
10.1 Overview
10.2 OTC Braces and Support Market Share, by End User, 2020 and 2028, (%)
10.3 Hospitals
10.3.1 Overview
10.3.2 Hospitals: OTC Braces and Support Market - Revenue and Forecast to 2028 (US$ Million)
10.4 Speciality Clinics
10.4.1 Overview
10.4.2 Speciality Clinics: OTC Braces and Support Market - Revenue and Forecast to 2028 (US$ Million)
10.5 Ambulatory Surgical Centres
10.5.1 Overview
10.5.2 Ambulatory Surgical Centres: OTC Braces and Support Market - Revenue and Forecast to 2028 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.2 Others: OTC Braces and Support Market - Revenue and Forecast to 2028 (US$ Million)
11. OTC Braces and Support Market Analysis and Forecasts To 2028 - Geographical Analysis
12. Impact of COVID-19 Pandemic on Global OTC Braces and Support Market
12.1 North America: Impact Assessment of COVID-19 Pandemic
12.2 Europe: Impact Assessment of COVID-19 Pandemic
12.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
12.4 Rest of World: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Overview
13.2 Growth Strategies Done by the Companies in the Market, (%)
13.3 Organic Developments
13.3.1 Overview
13.4 Inorganic Developments
13.4.1 Overview
14. Company Profiles
14.1 DJO Global, Inc.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 ORTHOFIX MEDICAL INC. (Breg, Inc.)
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Bauerfeind
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 DeRoyal Industries, Inc.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Becker Orthopedic
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 OPPO Medical Inc.
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Zimmer Biomet
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 OTTOBOCK
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 3M
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Bird and Cronin Inc.
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/f9k79k
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article