Press release
OTC Braces and Support Market Worth US$ 2,238.98 Mn, Globally, by 2028 at 5.8% CAGR - Exclusive Report by The Insight Partners
A new market study report by The Insight Partners on the OTC Braces and Support Market has been released with reliable information and accurate forecasts for a better understanding of the current and future market scenarios. The report offers an in-depth analysis of the global market, including qualitative and quantitative insights, historical data, and estimated projections about the market size and share in the forecast period.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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The key market drivers for OTC Braces and Support Market Includes, rising geriatric population across the globe along with significant increase in physically challenged population. Moreover, increased healthcare spending in developed nations is also expected to fuel market growth. Whereas, less awareness of OTC Braces and Support in low income nations is expected to restrain market growth during forecast period.
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.
Due to the pandemic, we have included a special section on the Impact of COVID 19 on the OTC Braces and Support Market which would mention How the Covid-19 is Affecting the OTC Braces and Support Industry, Market Trends and Potential Opportunities in the COVID-19 Landscape, Covid-19 Impact on Key Regions and Proposal for OTC Braces and Support Players to fight Covid-19 Impact.
The Emerging Players in the OTC Braces and Support Market includes: 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.
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Factors such as growing demand for digital classrooms along with ascending demand from online gamers is contributing to the growth of market. Furthermore, increasing adoption of OTC Braces and Support in retail sector and increasing user engagement with the help of OTC Braces and Support for applications such as way finding will drive the growth of OTC Braces and Support market during forecast period.
The research provides answers to the following key questions:
• What is the estimated growth rate of the market for the forecast period 2021-2028? What will be the market size during the estimated period?
• What are the key driving forces responsible for shaping the fate of the OTC Braces and Support market during the forecast period?
• Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the OTC Braces and Support market?
• What are the prominent market trends influencing the development of the OTC Braces and Support market across different regions?
• What are the major threats and challenges likely to act as a barrier in the growth of the OTC Braces and Support market?
• What are the major opportunities the market leaders can rely on to gain success and profitability?
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Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.
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