Dublin, May 19, 2023 (GLOBE NEWSWIRE) -- The "OTC Braces and Supports: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for OTC Braces and Supports estimated at US$1.2 Billion in the year 2022, is projected to reach a revised size of US$1.7 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2022-2030.
Lower Extremity Braces & Supports, one of the segments analyzed in the report, is projected to record 4.9% CAGR and reach US$1.1 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Upper Extremity Braces & Supports segment is readjusted to a revised 4.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $327 Million, While China is Forecast to Grow at 7.8% CAGR
The OTC Braces and Supports market in the U.S. is estimated at US$327 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$368.9 Million by the year 2030 trailing a CAGR of 7.8% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 3.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.
Select Competitors (Total 19 Featured) -
- 3M Company
- Alcare Co., Ltd.
- Bauerfeind AG
- BREG, Inc.
- BSN Medical GmbH
- DeRoyal Industries, Inc.
- DJO Global, Inc.
- Medi GmbH & Co. KG
- Ossur
- Otto Bock HealthCare GmbH
- Remington Products
- Trulife
- Zimmer Biomet Holdings, Inc.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 183 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1.2 Billion |
| Forecasted Market Value (USD) by 2030 | $1.7 Billion |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- A Prelude to OTC Braces & Support Market
- OTC Braces & Supports - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
- Market Snapshot
- Key Trends Summary
- Market Outline Trends
- Knee Segment Records Highest Market Share
- Asia Pacific Market Expected to Grow High
- OTC Orthopedic Braces Market: Increasing Affordability of Products Favors Growth
- Orthopedic Clinics Segment Accounts Largest Share
- Orthopedic Braces and Supports Market: Osteoarthritis and Sports Injuries Drive Growth
- Rise in Adoption of OTC Orthopedic Braces by Geriatric Population
- North America OTC Orthopedic Braces Market Trends
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Growing Geriatric Population Boosts Market Growth
- Rise in Musculoskeletal Disorders Fuels Orthopedic Braces and Supports Market
- Increasing Number of Injures through Sports Drives the Braces Market
- Arthritis and Trauma Patients Drive Market Demand
- Market Insights of Orthopedic Braces and Supports Market
- OTC Orthopedic Braces Market Trends
- OTC Braces Market Drivers and Restraints
- Rising Prevalence of Bone Disorders Fuels the Market
- Increasing Incidence of Orthopedic Injuries Drives the Market
- Growth Strategies of OTC Braces and Supports Market
- Market Trends of Orthotic Devices Market
- Growth Factors of Orthopedic Braces & Supports, Casting & Splints Market
- OTC Orthopedic Braces Market: Increasing Affordability of Products Favors Growth
- OTC Braces Market Trends
- Orthopedic Braces and Supports Market Overview
- Orthopedic braces Market Trends
- Market Growth Drivers
- Market Trends & Drivers
- Major Driving Factors of the Market
- Factors Driving the Market
- Market Restraints
- Technological Advancements Boosts the Growth Opportunities
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/6cuqi5
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