Press release
OTC Braces And Supports Market Growth Opportunities and Top Key Players are Globus Medical, Ottobock, DJO, OPPO, Össur, Johnson & Johnson, Stryker, Medtronic, Zimmer Biomet, Smith & Nephew, and Breg
The key players of the OTC Braces and Supports Market are making moves like product launches, joint ventures, developments, merges and accusations which is affecting the market and Healthcare Industry as a whole and also affecting the sales, import, export, revenue and CAGR values. In this part, the report presents the company profile, product specifications, capacity, production value, and 2017-2026 market shares for each company.According to Research for Markets, 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.
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
· Weber Orthopedic Inc
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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.
Sales Channels Covered:
• Hospitals & Orthopedic Clinics
• Pharmacies & Retailers
• E-Commerce Platforms
Products Covered:
• Upper Extremity Braces and Supports
• OTC Lower Extremity Orthopedic Braces & Supports
Applications Covered:
• Osteoarthritis Care
• Injury Rehabilitation
• Post Operative Care
• Ligament Injury
• Preventive Care
• Cold Bracing
• Other Applications
End Users Covered:
• Hospitals
• Over the Counter (OTC)
• Orthopedic Clinics
• Other End Users
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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.
Major Table of Contents:
1 Industry Overview
2 Industry Environment
3 Digital Banking Market by Type
4 Major Companies List
5 Market Competition
6 Market Demand
7 Region Operation
8 Marketing & Price
9 Research Conclusion
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What Our Report Offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Customization Options
• All segmentation provided above in this report is represented at country level and can be customized according to needs.
• All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization).
Reasons to Purchase this Report
· Current and future of global oncology nutrition market outlook in the developed and emerging markets
· The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
· Regions/countries that are expected to witness the fastest growth rates during the forecast period
· The latest developments, market shares, and strategies that are employed by the major market players
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About Research for Markets:
Research for Markets indulges in detailed and diligent research on different markets, trends and emerging opportunities in the successive direction to cater to your business needs. We have established the pillars of our flourishing institute on the grounds of Credibility and Reliability. RFM delve into the markets across Asia Pacific, North America, South America, Europe, Middle East and Africa.
Contact:
Mr. A Naidu
Research for Markets
Tel: +44 8000-4182-37 (UK)
Email: alan.naidu@researchformarkets.com
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