OTC Orthopedic Braces Market estimated worth 1.33 Billion USD by 2021 - PowerPoint PPT Presentation

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OTC Orthopedic Braces Market estimated worth 1.33 Billion USD by 2021

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The market is expected to reach USD 1.33 Billion by 2021; growing at a CAGR of 4.8% during 2016 to 2021. – PowerPoint PPT presentation

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Title: OTC Orthopedic Braces Market estimated worth 1.33 Billion USD by 2021


1
MarketsandMarkets Presents
OTC Orthopedic Braces Market North America to
Offer Significant Growth Opportunities
http//www.marketsandmarkets.com/Market-Reports/ot
c-orthopedic-braces-market-113271585.html
2
The report "OTC Orthopedic Braces Market by
Product (OTC Back Brace, OTC Knee Brace, OTC
Ankle Brace, Foot Walkers, Shoulder Braces, Elbow
Braces), Indication (Prophylactic, Injury,
Osteoarthritis), Geography (North America,
Europe, Asia, Oceania) - Global Forecast to
2021" , analyzes and studies the major market
drivers, restraints, opportunities, and
challenges in North America, Europe, Asia,
Pacific, and the Rest of the World
(RoW). Browse 58 market data tables 15
figures 306 pages and in-depth TOC on "OTC
Orthopedic Braces Market Download The PDF
Brochure_at_ http//www.marketsandmarkets.com/pdfdown
load.asp?id113271585 This report studies the
OTC orthopedic braces market over the forecast
period of 2016 to 2021. The market is expected to
reach USD 1.33 Billion by 2021 growing at a CAGR
of 4.8 during 2016 to 2021.
http//www.marketsandmarkets.com/Market-Reports/ot
c-orthopedic-braces-market-113271585.html
3
A number of factors such as growing demand for
orthopedic braces among the geriatric population,
rising incidences of bone-degenerative diseases,
increasing global burden for obesity, ongoing
commercialization of orthopedic bracing and
support products, affordability and easy
availability of OTC orthopedic braces (as
compared to prescription-based products), rising
public participation in sports, easy
accessibility of OTC orthopedic braces and
supports through e-commerce websites, and
adoption of orthopedic braces for preventive care
are propelling the growth of the OTC orthopedic
braces market. Speak to Analyst_at_ http//www.marke
tsandmarkets.com/speaktoanalyst.asp?id113271585
On the basis of products, the global OTC
orthopedic braces market is divided into four
major categories, namely, lower extremity braces,
upper extremity braces, back hip braces, and
other braces (which include neck, groin, calf,
thigh, and facial braces). Lower extremity braces
are further divided into knee and foot ankle
braces while, upper extremity braces are further
classified into shoulder, elbow, and wrist braces.
http//www.marketsandmarkets.com/Market-Reports/ot
c-orthopedic-braces-market-113271585.html
4
The lower extremity braces segment is estimated
to command the largest share of the global OTC
orthopedic braces market in 2016, owing to the
growing geriatric population (coupled with higher
prevalence of knee arthritis among geriatrics as
compared to adult individuals), high adoption of
knee braces among athletes, rising number of knee
replacement surgeries, growing prevalence of
obesity, and significant demand for noninvasive
treatments across the globe. On the basis of
indication, the OTC orthopedic braces market has
been segmented into prophylactic, injury,
osteoarthritis (OA), and other indications. The
prophylactic braces segment is estimated to
command the largest share of the global OTC
orthopedic braces market in 2016. The large share
of this segment can be attributed to the active
participation in sports activities across major
markets (such as the U.S. and countries in
Europe), evidence of successful studies which
shows the effectiveness of prophylactic braces in
reducing the injury rates, and growing
consciousness about the use of prophylactic
braces during sports-related activities. North
America is estimated to be the largest regional
segment in the global OTC orthopedic braces
market in 2016, followed by Europe. However, the
Asian market is expected to grow at the highest
CAGR from 2016 to 2021.
http//www.marketsandmarkets.com/Market-Reports/ot
c-orthopedic-braces-market-113271585.html
5
A number of factors including growing
middle-class population, increasing GDP and
healthcare expenditure among emerging Asian
countries, and increasing public awareness about
various treatment options available for
orthopedic conditions are stimulating the growth
of the OTC orthopedic braces market in the Asian
region. DJO Finance LLC (U.S.), DeRoyal
Industries Inc. (U.S.), Breg, Inc.
(U.S.), Össur hf. (Iceland), Bauerfeind AG
(Germany), BSN Medical (Germany), Otto Bock
HealthCare (Germany), medi GmbH Co. KG
(Germany), Thuasne Group (France), and 3M Company
(U.S.) are some of the key players operating in
the global OTC orthopedic braces market.
http//www.marketsandmarkets.com/Market-Reports/ot
c-orthopedic-braces-market-113271585.html
6
About MarketsandMarkets MarketsandMarkets
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c-orthopedic-braces-market-113271585.html
7
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