OTC Braces and Support Market is expected to reach US$ 2,238.98 Mn With CAGR of 5.8% Till 2028 | DJO Global, Inc., Breg, Inc. (Orthofix medical Inc.), Bauerfeind, DeRoyal Industries, Inc., Becker Orthopedic, OPPO Medical Inc., Zimmer Biomet, Ottobock, 3M,

According to our latest study on “OTC Braces and Support Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, Type, Application, and End User,” the 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 5.8% during 2021–2028. The report highlights the trends prevailing in the market, and drivers and deterrents pertaining to the market growth. The OTC braces and support market growth is attributed to the elevating number of sports injuries and cases of orthopedic diseases along with increasing awareness about braces and supports. Moreover, high growth potential in emerging economies presents lucrative opportunities for the growth of the market players. However, the availability of alternate therapies restrains the market growth.

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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. In 2020, the knee braces and support segment accounted for the largest market share.

DJO Global, Inc., Breg, Inc. (Orthofix medical Inc.), Bauerfeind, DeRoyal Industries, Inc., Becker Orthopedic, OPPO Medical Inc., Zimmer Biomet, Ottobock, 3M, and Bird and Cronin Inc. are among the prominent players operating in the OTC braces and support market. These companies are focusing on partnerships, product launches, collaborations, and other business strategies to sustain their position in the market. For instance, in February 2021, Breg Inc, a subsidiary of Orthofix, partnered with Club Warehouse, an Australian distributor, with an aim to expand the distribution network of its orthopedic products in the Australian market.

Market Insights

Increasing Awareness Regarding Orthopedic Braces and Supports Drives Market Growth

Orthopedic braces and supports offer users with more comfort while walking as well as help reduce pain, assist in limb movement, and minimize swelling and inflammation. Most importantly, they allow users to work and move independently. However, the awareness and use of these medical aids are more in developed and upper middle-income countries. Foundations such as the International Society for Prosthetics and Orthotics (ISPO) help create awareness regarding the use of the orthopedic braces and supports. It is a non-government organization that focuses on improving the quality of life of people with limb amputations or those with physical damages and injuries to limbs and spine, by making them aware about the benefits of prosthetics and orthotics. The ISPO provides an effective platform to exchange and communicate all the aspects of science. The organization practices and educates the associates on prosthetic and orthotic care, rehabilitation engineering, and related areas. Similarly, the Department of Orthopedics and Rehabilitation at the University of Florida focuses on educating and training individuals to become self-dependent through the highest-quality orthopedic care. Therefore, the increasing awareness regarding orthopedic braces and supports is contributing to the market growth.

The report segments the global OTC braces and support market as follows:

By Product

Knee Braces and Support
Back Hip and Spine Braces and Support
Foot Walkers and Orthoses
Neck and Cervical Braces and Support
Shoulder Braces and Support
Elbow Braces and Support
Hand and Wrist Braces and Support
Facial Braces and Support

By Type

Soft and Elastic Braces and Support
Hard and Rigid Braces and Support
Hinged Braces and Support

By Application

Ligament Injury Repair
Preventive Care
Osteoarthritis
Compression Therapy
Other Applications

By End User

Hospitals
Ambulatory Surgical Centers
Specialty Clinics
Others

By Geography

North America
US
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Middle East and Africa
UAE
Saudi Arabia
South Africa
Rest of Middle East and Africa
South and Central America
Brazil
Argentina
Rest of South and Central America

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