OTC Orthopedic Braces Market to witness excellent revenue growth, emerging trends & forecast by 2027

The research report published by Allied Market Report states that the global OTC Orthopedic Braces market is estimated to reach $tt.yy million by 2027. The report provides an in-depth analysis of growth factors, opportunities, market trends, key segments, and competitive landscape. Current market conditions and the future scenario of various regions have been analyzed in the report to help market players in devising expansion strategies. Moreover, it includes country-wise analysis of each region. Product portfolio and business segments of leading market players outline the competitive scenario. The report provides insights to help investors, stakeholders, and new entrants to determine potential opportunities and tap on them to gain competitive advantage.

Orthopedic braces are the devices used to strengthen and support the muscles and joints of knee, back, ankle, neck, hip, elbow, wrist, and fingers. These are used for controlling the movement of limbs and joints as well as to rectify structural deformities. These braces are designed to provide mechanical strength and support to alleviate pain due to sprain, strain, and other musculoskeletal disorders. The applications of braces include osteoarthritic care, injury treatment & prevention, and postoperative care.

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The global OTC orthopedic braces market is driven by increase in incidence of bone degenerative diseases, growth in demand for orthopedic braces among geriatric population, affordable pricing of products, and easy availability of orthopedic braces, rise in the number of orthopedic surgeries, surge in sports participation, and implementation of orthopedic braces as preventive care aids.

The global OTC orthopedic braces market is segmented on the basis of product, indication, end user, and geography.

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Based on product, it is divided into knee braces & supports, foot and ankle braces & support, upper extremity braces & support, and spinal orthoses. Based on indication, it is classified into osteoarthritis, injury, prophylactic, and others. On the basis on end user, it is categorized into orthopedic clinics, pharmacies, hospitals, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The Major Key Players Are:

Breg, Inc., DeRoyal Industries, Inc., BSN medical, Ottobock, 3M Company, DJO Finance LLC., medi GmbH & Co. KG, Bauerfeind AG, ssur Corporate, and Thuasne SA.

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