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OTC Braces & Support Market: Global Forecasts until 2022

  • December 2017
  • 321 pages
  • ID: 4826731
In this report:
IN 2017, THE COLD BRACING SEGMENT IS EXPECTED TO HOLD A MODEST SHARE OF ##.##% OF THE GLOBAL OTC ORTHOPEDIC BRACES AND SUPPORTS MARKET; AND IS POISED TO GROW AT A CAGR OF ##.##% DURING THE FORECAST PERIOD.
IN 2017, THE OTHER APPLICATIONS SEGMENT IS EXPECTED TO HOLD A SHARE OF ##.##% OF THE GLOBAL OTC ORTHOPEDIC BRACES AND SUPPORTS MARKET; AND IS POISED TO GROW AT A CAGR OF ##.##% DURING THE FORECAST PERIOD.

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The OTC braces and supports market is forecasted to grow at a Compound annual growth rate of 5.20 percent in the next five years

The overall orthopedic braces and supports market is estimated to grow ~$1.4B by 2022 from ~$1.1B in 2017, at a compound annual growth rate (CAGR) of 5.20 percent. Growing number of accident-related injuries, increasing prevalence of orthopedic disorders and diseases, and availability of reimbursements for OTC orthopedic braces and supports are the main factors driving the market demand for orthopedic braces and supports.

Nevertheless, Elements such as limited clinical evidence to support the efficacy of orthopedic braces and supports and limited options to customize OTC orthopedic braces & supports and is limiting the increase of the market

The lower extremity braces and supports segment is anticipated to witness the highest increase during the estimate period

In 2017, on the basis of product, the lower extremity braces and supports segment is projected to record the maximum growth rate during the outlook period. The increasing geriatric population, increasing adoption of braces among athletes, and the growing use of braces and supports by osteoarthritis patients and athletes for preventive care are factors driving the industry demand for lower extremity braces and supports

By application, the ligament injury segment is anticipated to grow at the maximal rate during the estimate period

On the basis of application type, the ligament injury segment is forecasted to register the highest increase rate in 2017 and this forecast is also anticipated to continue during the outlook period. The increase of this segment is attributed to rising public participation in sports & athletic activities and appreciation concerning the clinical benefits of these products in the effective clinical management of ligament injuries

Pharmacies & retailers are anticipated to hold the largest market share in 2017

In 2017, on the basis of sales channel, the pharmacies & retailers segment is forecasted to account for the biggest share of the market. The dominant share of this segment is assigned to the availability of orthopedic bracing products through retailers & pharmacies, growing reimbursements for OTC braces among developed countries, and the significant adoption of off-the-shelf braces for sprain & ligament injury among main countries

APAC is expected to record the highest rise rate during the estimate period

Geographically, the OTC braces and supports market is divided into north america, EU, Asia-Pac, and the Rest of the globe. Asia Pacific (APAC) is projected to register the maximum growth rate during the outlook period owing to increasingly localized manufacturing, favorable government regulations, and increasing focus of overall product manufacturers on expanding their presence in APAC countries.

Breakdown of supply-side primary interviews: by company category, description, and area:

• By Company category - Tier 1 - 25.0 percent, Tier 2 - 30.0 percent and Tier 3 - 45.0 percent

• By Description - C-suite - 26.0 percent, Director-level - 30.0 percent, Others - 44.0 percent

• By Area - North America continent - 34.0 percent, Europe (EU) - 26.0 percent, Asia-Pac - 23.0 percent, RoW - 17.0 percent

The overall OTC braces and supports market is competitive, with a big number of overall and local actors. In 2016, the sector was dominated by DJO Finance LLC, Breg, Incorporated, and Ossur Hf. Launches of new product, strategic acquisitions, and alliances were the main strategies approved by market actors to accomplish increase in the industry.

Segment Research

This report studies the orthopedic braces and supports market established on product, application, and sales channel. The industry report also studies factors (including drivers, industry restraints, alternatives, and opportunities) affecting the market increase. It examines possibilities and opportunities in the sector for partners and offers details of the competitive landscape for the market top players. Moreover, the study examines micromarkets with respect to their individual progress trends, prospects, and contributions to the overall industry. The analysis forecasts the revenue of the market segments with respect to four main regions.

Why Purchasing This Study Can Help You:

This market research highlights on several levels of analysis-industry trends, market share research of top players, and company descriptions, which together comprise and examine the basic overviews on the competitive landscape, coming out and high-growth segments of the orthopedic braces and supports market, and high-growth areas and territories and their respective drivers, market restraints, opportunities, and alternatives.

The market research will increase both established firms as well as new entrants/smaller companies to measure the pulse of the sector, which in turn help companies collect greater segment market share. Companies obtaining the industry report could use any one or an aggregation of the below-mentioned five strategies for strengthening their market shares.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on product types provided by the main players in the orthopedic braces and supports market. The analysis examines the orthopedic braces and supports market established on product, application, sales channel, and area

• Product Development: In-depth understanding on the R&D activities and launches of new product in the OTC braces and supports market

• Market Development: Highlighted information about profitable emerging sectors. The market research examines the industries for different orthopedic braces and support products across geographies

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the orthopedic braces and supports market

• opposing assessment: Detailed assessment of market shares, strategies, products, distribution networks, and manufacturing competences of key players in the OTC braces and supports market

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