Press release
OTC Braces and Supports Market Analysis 2024: Size, Share & Growth | CAGR 5%
OTC Braces and Supports Market
Read More: https://www.alliedmarketresearch.com/otc-braces-and-supports-market-A08284
OTC Braces and Supports Market Statistics: The global OTC Braces and Supports market size is estimated to reach $991.80 million by 2030, growing at a CAGR of 5.0% from 2021 to 2030.
OTC Braces and Supports Market Growth Drivers:
Rising Incidence of Musculoskeletal Conditions: Increasing occurrences of musculoskeletal disorders and injuries among the global population are fueling the demand for OTC braces and supports.
Growing Aging Population: With a larger aging demographic, there's an increased prevalence of conditions like arthritis and osteoporosis, driving the need for supportive devices for joint and bone-related issues.
Sports and Fitness Industry Expansion: The expansion of the sports and fitness industry, coupled with rising awareness of injury prevention and performance enhancement, is boosting the demand for OTC braces and supports among athletes and fitness enthusiasts.
Advancements in Technology and Materials: Innovations in materials and technologies used in braces and supports, such as lightweight materials, ergonomic designs, and breathable fabrics, are enhancing comfort and usability, driving market growth.
Consumer Preference for Non-Invasive Solutions: Preference for non-invasive or minimally invasive treatment options over surgeries or medications is increasing, leading individuals to opt for braces and supports as a part of self-care or rehabilitation.
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The segments and sub-section of OTC Braces and Supports market is shown below:
By Product: Ankle Braces & Supports, Knee Braces & Supports, Facial Braces & Supports, Upper Extremity Braces & Support And Back, Hip, And Spine Braces & Supports
By Type: Soft & Elastic Braces And Supports, Hard Braces & Supports And Hinged Braces & Supports
By Application: Ligament Injury Repair, Osteoarthritis, Preventive Care and Others
By Distribution Channel: Orthopedic Clinics, Retail Pharmacies and Others
Some of the key players involved in the Market are: 3M, Alcare, Bauerfeind, Bird And Cronin (a part of Dynatronics), Breg, BSN Medical (a part of Svenska Cellulosa Aktiebolaget), Deroyal Industries, DJO finance, Medi Gmbh, Thuasne.
Important years considered in the OTC Braces and Supports study:
Historical year - 2018-2022; Base year - 2022; Forecast period** - 2022 to 2032 [** unless otherwise stated]
If opting for the Global version of OTC Braces and Supports Market; then below country analysis would be included:
- North America (USA, Canada and Mexico)
- Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland and Rest of Europe)
- Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia and Rest of APAC)
- South America (Brazil, Argentina, Chile, Colombia, Rest of countries etc.)
- Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)
Key Questions Answered with this Study:
1) What makes OTC Braces and Supports Market feasible for long term investment?
2) How influencing factors driving the demand of OTC Braces and Supports in next few years?
3) Territory that may see steep rise in CAGR & Y-O-Y growth?
4) What geographic region would have better demand for product/services?
5) What opportunity emerging territory would offer to established and new entrants in OTC Braces and Supports market?
6) What strategies of big players help them acquire share in mature market?
7) Know value chain areas where players can create value?
8) What is the impact analysis of various factors in the Global OTC Braces and Supports market growth?
9) Risk side analysis connected with service providers?
Introduction about OTC Braces and Supports Market
OTC Braces and Supports Market Size (Sales) Market Share by Type (Product Category)
OTC Braces and Supports Market by Application/End Users
OTC Braces and Supports Sales (Volume) and Market Share Comparison by Applications
Global OTC Braces and Supports Sales and Growth Rate (2022-2032)
OTC Braces and Supports Competition by Players/Suppliers, Region, Type, and Application
OTC Braces and Supports (Volume, Value, and Sales Price) table defined for each geographic region defined.
OTC Braces and Supports Players/Suppliers Profiles and Sales Data
Key Raw Materials Analysis & Price Trends
Supply Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis
……..and view more in complete table of Contents
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