Rise in Bone Degenerative Diseases Fuel the Orthopedic Braces Market Expeditiously | Industry Statistics 2023

Orthopedic braces are devices used to strengthen and support the muscles and joints of the knees, back, ankles, neck, hips, elbows, wrists and fingers. These are used to control limb and joint movements and correct structural deformities. These braces are designed to provide mechanical strength and help relieve pain caused by sprains, strains, and other musculoskeletal disorders. The application of braces includes osteoarthritis treatment, wound healing and prevention, and post-operative treatment.

The global market for OTC orthopedic braces is due to increased incidence of bone degenerative diseases, increased demand for orthopedic braces among the elderly population, reasonable pricing of products, easy availability of orthopedic braces, increased orthopedic surgery, Implementation of orthopedic braces with participation and prevention orthopedic devices.

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However, inadequate compensation for orthopedic braces, patient preference for alternative therapies is high, and market growth is hampered by the lack of custom orthopedic alternatives. Conversely, an increase in public awareness and an increase in medical expenditures are expected to provide numerous opportunities for market growth in the near future.

The global OTC orthopedic brace market is categorized by product, label, end user, and region. By product, it is divided into knee braces and supports, foot and ankle braces and supports, upper braces and supports, and spine braces. Indications are classified according to osteoarthritis, damage, prevention and other. It is divided into orthopedic clinics, pharmacies and hospitals based on end users. Geographically analyzed in North America, Europe, Asia Pacific and LAMEA.

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Key Players:

• DeRoyal Industries Inc.
• BSN medical
• Ottobock
• 3M Company
• DJO Finance LLC.
• medi GmbH & Co. KG
• Bauerfeind AG

Key Benefits of OTC Orthopedic Braces Market Report:

• The report presents the market analysis of global OTC orthopedics brackets and regional trends and future estimates.

• To provide insights into market dynamics, we provide a broad range of information on the market segments from 2016 to 2023.

• The report provides key elements that drive the market or provide opportunities.

• Competitive landscape of the industry is presented in the report along with the profile analysis of market participants.

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