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OTC Braces Market is Expected to Reach a Market Value of USD 7473.6 million by 2027

OTC Braces Market is forecasted to grow at 7.10% for 2020-2027 with factors such as unavailability of product customization and lack of evidence will hamper the growth of the market in emerging economies.

OTC braces market has shown an exceptional penetration in developed economies in North America. Increasing occurrences of musculoskeletal disorders and initiatives taken by government for commercialization and development of product will boost the growth of the market.

OTC Braces Market Scenario

According to Data Bridge Market Research the OTC braces market is attaining a stagnant growth during the forecast period due to factors such as increasing occurrences of orthopedic disorders among growing population, rising sports injuries, surging initiatives by government authorities and market players will uplift the growth of the market.

Now the question is which are the other regions that OTC braces market is targeting? Data Bridge Market Research has forecasted a large growth in European OTC braces market in the forecast period of 2020-2027. The Data bridge market research new reports highlight the major growth factors and opportunities in the OTC braces market.

For More Analysis on the OTC braces market request for a briefing with our analysts

New OTC Braces Market Development

  • In November 2018, Xealth together with UPMC and PSJH, announced the launch of OTC items that will provide efficiency and consistent care of patients need while help patient to recover faster and remain healthy by digitally send patients over the counter products.

Scope of the OTC Braces Market

OTC braces market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Brazil, Argentina, Rest of South America as a part of South America, Germany, France, U.K., Italy, Spain, Netherlands, Belgium, Russia, Turkey, Switzerland, Rest of Europe in Europe, China, Japan, India, Australia, Singapore, Thailand, Malaysia, South Korea, Indonesia, Philippines, Rest of Asia-Pacific (APAC)as a part of Asia-Pacific (APAC), U.A.E, Egypt, Saudi Arabia, South Africa, Israel,  Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

  • All country based analysis of the OTC braces market is further analyzed based on maximum granularity into further segmentation. On the basis of product, the market is segmented into knee braces, ankle braces, foot walkers & orthoses, back, hip & spine braces, shoulder braces, elbow braces, hand & wrist braces, facial braces. Based on indication, the market is segmented into osteoarthritis, injury, prophylactic and others. Based on type, the market is segmented into soft & elastic braces, hard & rigid braces, hinged braces. Based on distribution channel, the market is segmented into pharmacies & retailers, e-commerce and orthopedic clinics. Based on end-user, the market is segmented into hospitals, home healthcare and others. The applications covered for the report are ligament injury repair, preventive care, post-operative rehabilitation, osteoarthritis, compression therapy and others.  
  • OTC braces is a type of orthopedics product designed to provide comfort and high level of support to the individual even without the need of healthcare expertise. These types of products are easily available without the requirement of prescription by the doctor.

To know more about the study

Key Pointers Covered in the OTC Braces Market Industry Trends and Forecast to 2027

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Healthcare Outcomes
  • Market Cost of Care Analysis
  • Market Regulatory Framework and Changes
  • Market Prices and Reimbursement Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • 3M
  • ALCARE Co., Ltd.
  • Bauerfeind, Bird & Cronin LLC
  • Breg, Inc.
  • BSN medical
  • Henry Schein, Inc.
  • DeRoyal Industries, Inc.
  • medi Deutschland
  • Össur Corporate
  • Ottobock
  • Remington Products
  • Zimmer Biomet
  • McDavid

Above are the key players covered in the report, to know about more and exhaustive list of OTC Braces companies contact us

Research Methodology: Global OTC Braces Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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