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OTC Braces & Supports Market Worth $1.5 Billion by 2024 - Exclusive Report by MarketsandMarkets™

MarketsandMarkets

News provided by

MarketsandMarkets

23 Jul, 2019, 14:30 BST

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CHICAGO, July 23, 2019 /PRNewswire/ -- According to the new market research report "OTC Braces & Supports Market by Product (Knee, Ankle, Spine, Shoulder, Neck, Elbow, Wrist, Facial), Category, Application (Ligament (ACL, LCL), Preventive, OA, Compression), Distribution (Clinics, Pharmacies, E-Commerce) - Global Forecast to 2024", published by MarketsandMarkets™, the OTC Braces & Supports Market is projected to reach USD 1.5 billion by 2024 from USD 1.2 billion in 2019, at a CAGR of 5.1%.

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=113271585

The major factors driving the growth of the OTC Braces and Supports Market are the increasing prevalence of orthopedic diseases & disorders, rising number of sports and accident-related injuries, and growing public awareness related to preventive care.

Knee braces and supports segment accounted for the largest share of the OTC Braces and Supports Market, by product, in 2018

The knee braces and supports segment accounted for the largest share of the OTC Braces and Supports Market, by product, in 2018. The large share of this segment can be attributed to the growing geriatric & obese population as they are at a higher risk of developing osteoarthritis and other knee-related conditions, increasing incidence of sports injuries, and the benefits offered by these products, such as medial and lateral support, reduced rotation of the knee, limited injury during motion, and protection from the post-surgical risk of injury.

Browse in-depth TOC on "OTC Braces & Supports Market"

123 – Tables

37 – Figures    

267 – Pages

Soft & elastic braces and supports segment to register the highest growth in the OTC Braces and Supports Market, by type, during the forecast period

The soft & elastic braces and supports segment is expected to grow at the highest CAGR during the forecast period. Growth in this market can primarily be attributed to the growing availability of advanced products, increasing adoption & patient preference for orthopedic braces in post-operative & preventive care, the rising number of road accidents, and the increasing incidence of sports injuries.

Preventive care segment accounted for the largest share of the OTC Braces and Supports Market, by application, in 2018

Preventive care is the largest application segment of the OTC Braces and Supports Market, and this trend is expected to continue during the forecast period. The large share of this segment can primarily be attributed to the growing public participation in sports and the increasing availability of OTC bracing products for preventive care & ambulatory procedures.

Request Research Sample Pages:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=113271585

North America dominates the OTC Braces and Supports Market

The OTC Braces and Supports Market is segmented into five major regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. North America accounted for the largest share of the OTC Braces and Supports Market in 2018. Factors such as continuous development and commercialization of novel orthopedic braces & support products, growing awareness about the effective use of prophylactic braces among people participating in sports, and the greater adoption of prophylactic braces during other physical activities (such as dancing) are driving the market for OTC braces and supports in North America.

The major players operating in the OTC Braces and Supports Market are Bauerfeind AG (Germany), Össur Hf (Iceland), DJO Finance LLC (US), Breg, Inc. (US), and DeRoyal Industries, Inc. (US). Other prominent players operating in this market include Bird & Cronin, Inc. (US), medi GmbH & Co. KG (Germany), Ottobock Holding GmbH & Co. KG (Germany), BSN medical (Germany), Zimmer Biomet Holdings, Inc. (US), Oppo Medical, LLC (US), Becker Orthopedic (US), Thuasne Group (France), 3M Company (US), Reh4Mat (Poland), and United Ortho (US).

Browse Adjacent Markets: Medical Devices Market Research Reports & Consulting

Browse Related Reports:

Compression Therapy Market by Technique (Static, Dynamic), Product (Compression Garment (Stockings, bandages, Wraps), Compression Braces, Compression Pump), Application (Varicose Vein, Deep Vein Thrombosis, Lymphedema, Leg Ulcer) - Global Forecast to 2022

Cold Pain Therapy Market by Product (OTC (Gels, Sprays, Patches, Cold Packs, Wraps, Pads, and Roll-Ons), Prescription-Based (Motorized, Non-Motorized Devices), Applications (Musculoskeletal Disorders, Post-Operative Therapy, Sports Medicine, and Post-Trauma Therapy) - Global Forecast to 2023

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh
MarketsandMarkets™ INC.
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Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/otc-orthopedic-braces-market.asp 
Visit Our Website: https://www.marketsandmarkets.com 
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SOURCE MarketsandMarkets

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