HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: October 2016
Report Code: MD 4674

 

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The global OTC orthopedic braces market is estimated to reach USD 1.33 Billion by 2021, growing at a CAGR of 4.8% from 2016 to 2021. The growing demand for orthopedic braces among the geriatric population, rising incidence of bone-degenerative diseases, increasing global burden for obesity, ongoing commercialization of orthopedic bracing and support products, affordability and easy availability of OTC orthopedic brace (as compared to prescription-based products), rising public participation in sports, easy accessibility of OTC orthopedic brace and supports through e-commerce websites, and adoption of orthopedic braces for preventive care are some of the key factors fueling the growth of the global market. Moreover, the rising incidence of orthopedic injuries in the youth, noninvasive nature of treatment with orthopedic braces and supports, and reduced reimbursements offered for orthopedic surgery in developed nations are expected to offer growth opportunities for players operating in the global market. However, the high patient preference for alternative treatments, limited reimbursements offered for OTC orthopedic brace and supports, dearth of substantial clinical evidences supporting the efficacy of orthopedic braces and supports in prophylactic and rehabilitative use, and lack of customization options for OTC orthopedic brace are hampering the growth of the global OTC orthopedic brace market.

Emerging markets (including China, India, and Brazil) are expected to offer significant growth opportunities for players active in the OTC orthopedic braces industry. The 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 the key factors propelling the demand of OTC orthopedic braces and supports in the emerging nations. Hence, players are expanding their presence in these countries in order to leverage the high growth opportunities.

As of 2015, DJO Finance LLC (U.S.) held the leading position in the global OTC orthopedic braces market. Over the last three years, the company adopted the strategy of new product launches and product enhancements to ensure its dominance in this market. DeRoyal Industries Inc. (U.S.), Breg, Inc. (U.S.), Φssur 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 prominent players in the Market.

Target Audience

  • Orthopedic bracing and support product manufacturers
  • Wholesale distributors and third-party suppliers
  • Research laboratories and academic institutes
  • Sports training institutes and organizations
  • Government and independent regulatory bodies
  • Market research organizations

To know about the assumptions considered for the study, download the pdf brochure

Scope of the Report

This research report categorizes the OTC orthopedic braces market into the following segments:

Global OTC Orthopedic Braces Market, by Product

  • Lower Extremity Braces
  • Knee Braces
  • Foot & Ankle Braces
  • Upper Extremity Braces
  • Shoulder Braces
  • Elbow Braces
  • Wrist Braces
  • Back & Hip Braces
  • Other Braces

Global OTC Orthopedic Braces Market, by Indication

  • Prophylactic
  • Injury
  • Osteoarthritis (OA)
  • Other Indications

Global OTC Orthopedic Braces Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Rest of Europe
  • Asia
    • Japan
    • China
    • India
    • Rest of Asia (RoA)
  • Pacific
    • Australia
    • Rest of Pacific (RoP)
  • Rest of the World

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the global OTC orthopedic braces market report:

Product Analysis

  • Product Matrix, which gives a detailed comparison of the product portfolios of the top five companies

Geographical Analysis

  • Further breakdown of the RoW OTC orthopedic braces market into the Middle East, Latin America, and Africa

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)

Table of Contents

1 Introduction (Page No. - 21)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Limitations
    1.5 Stakeholders

2 Research Methodology (Page No. - 25)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
    2.2 Market Size Estimation
                    2.2.1.1 Top-Down Approach
                    2.2.1.2 Bottom-Up Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 33)
    3.1 Introduction
    3.2 Current Scenario
    3.3 Future Outlook
    3.4 Conclusion

4 Premium Insights (Page No. - 43)
    4.1 Market Opportunities for Growth in OTC Orthopedic Braces Market
                               (2016-2021
    4.2 North America to Command the Largest Share of OTC Orthopedic Braces Market for All Product Categories, in 2016
    4.3 China and India to Lead the Market Growth for OTC Orthopedic Braces During the Forecast Period
    4.4 Asia to Lead the Market Demand for Injury and Other Indications Segment Market

5 Market Overview (Page No. - 48)
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Overview
           5.3.2 Impact Analysis
           5.3.3 Key Market Drivers
                    5.3.3.1 High Demand for Braces in the Geriatric Population
                    5.3.3.2 Increasing Incidences of Bone-Degenerative Diseases
                    5.3.3.3 Rising Obesity Burden
                    5.3.3.4 Continuous Influx of Orthopedic Bracing and Support Products
                    5.3.3.5 Low Cost and Easy Availability of OTC Braces, as Compared to Prescription Braces
                    5.3.3.6 Rising Participation in Sports
                    5.3.3.7 Easy Accessibility of OTC Braces and Supports Through E-Commerce Websites
                    5.3.3.8 Adoption of Orthopedic Braces for Preventive Care
           5.3.4 Key Market Restraints
                    5.3.4.1 High Patient Preference for Alternative Treatments
                    5.3.4.2 Scarcity of Reimbursement for OTC Orthopedic Braces and Supports
                    5.3.4.3 Dearth of Substantial Clinical Evidences Supporting the Efficacy of Orthopedic Braces and Supports in Prophylactic and Rehabilitative Use
                    5.3.4.4 Lack of Customization in OTC Braces
           5.3.5 Key Market Opportunities
                    5.3.5.1 Rising Incidences of Orthopedic Injuries in the Youth
                    5.3.5.2 Noninvasive Nature of Treatment With Orthopedic Braces and Supports
                    5.3.5.3 Decreasing Reimbursement for Orthopedic Surgery in Developed Nations
           5.3.6 Key Market Challenges
                    5.3.6.1 Rising Preference for Arthroscopy

6 Orthopedic Braces Market, By Product (Page No. - 69)
    6.1 Introduction
    6.2 Lower Extremity Braces
    6.3 Upper Extremity Braces
    6.4 Back and Hip Braces
    6.5 Other Braces

7 Orthopedic Braces Market, By Indication (Page No. - 83)
    7.1 Introduction
    7.2 Prophylactic
    7.3 Injury
    7.4 Osteoarthritis (OA)
    7.5 Other Indications

8 Orthopedic Braces Market, By  Region (Page No. - 90)
    8.1 Introduction
    8.2 North America
           8.2.1 U.S.
           8.2.2 Canada
    8.3 Europe
           8.3.1 Germany
           8.3.2 U.K.
           8.3.3 France
           8.3.4 Rest of Europe
    8.4 Asia
           8.4.1 Japan
           8.4.2 China
           8.4.3 India
           8.4.4 Rest of Asia
    8.5 Pacific
           8.5.1 Australia
           8.5.2 Rest of Pacific (RoP)
    8.6 Rest of the World (RoW)

9 Competitive Landscape (Page No. - 165)
    9.1 Overview
    9.2 Market Share Analysis
    9.3 Competitive Scenario
    9.4 Recent Developments
           9.4.1 New Product Launches and Product Enhancements
           9.4.2 Agreements, Partnerships, and Collaborations
           9.4.3 Acquisitions and Mergers
           9.4.4 Geographic Expansion
           9.4.5 Other Developments

10 Company Profiles (Page No. - 182)
     10.1 Breg, Inc.
     10.2 Φssur HF.
     10.3 DJO Finance LLC
     10.4 Bauerfeind Ag
     10.5 Otto Bock Healthcare .
     10.6 3M Company 
     10.7 Bsn Medical 
     10.8 Deroyal Industries, Inc. 
     10.9 Medi GmbH & Co. Kg 
     10.10 Thuasne Group .

11 Appendix (Page No. - 293)
     11.1 Discussion Guide*
     11.2 Introducing RT: Real-Time Market Intelligence
     11.3 Available Customizations
     11.4 Related Reports


List of Table (58 Tables)

Table - 1 Global OTC Orthopedic Braces Market Size, By Product, 2014–2021 (USD Million)
Table – 2 OTC Orthopedic Braces Market Size, By Region, 2014–2021 (USD Million)
Table – 3 Global Lower Extremity Braces Market Size,  By Type, 2014–2021 (USD Million)
Table – 4 Lower Extremity Braces Market Size, By Region, 2014–2021 (USD Million)
Table – 5 Knee Braces Market Size, By Region, 2014–2021 (USD Million)
Table – 6 Foot & Ankle Braces Market Size, By Region, 2014–2021 (USD Million)
Table – 7 Global Upper Extremity Braces Market Size, By Type, 2014–2021 (USD Million)
Table – 8 Lower Extremity Braces Market Size, By Region, 2014–2021 (USD Million)
Table – 9 Shoulder Braces Market Size, By Region, 2014–2021 (USD Million)
Table – 10 Elbow Braces Market Size, By Region, 2014–2021 (USD Million)
Table – 11 Wrist Braces Market Size, By Region, 2014–2021  (USD Million)
Table – 12 Back and Hip Braces Market Size, By Region, 2014–2021 (USD Million)
Table – 13 Other Braces Market Size, By Region, 2014–2021 (USD Million)
Table – 14 Global Market Size, By Indication, 2014–2021 (USD Million)
Table – 15 Market Size, By Region, 2014–2021 (USD Million)
Table – 16 OTC Orthopedic Braces for Prophylactic Indication Market Size, By Region, 2014–2021 (USD Million)
Table – 17 OTC Orthopedic Braces for Injury Indication Market Size, By Region, 2014–2021 (USD Million)
Table – 18 OTC Orthopedic Braces for Osteoarthritis (OA) Indication Market Size,  By Region, 2014–2021 (USD Million)
Table – 19 Other Indications Market Size, By Region, 2014–2021 (USD Million)
Table – 20 OTC Orthopedic Braces Market Size, By Region, 2014–2021 (USD Million)
Table – 21 North America Market Size, By Country, 2014–2021 (USD Million)
Table – 22 North America Market Size, By Country, 2014–2021 (USD Million)
Table – 23 North America Market Size, By Type of Lower Extremity Braces  2014–2021 (USD Million)
Table – 24 North America OTC Orthopedic Braces Market Size, By Type of Upper Extremity Braces  2014–2021 (USD Million)
Table – 25 North America OTC Orthopedic Braces Market Size, By Indication, 2014–2021 (USD Million)
Table – 26 Market Driver/Restraints Impact Analysis: U.S. Orthopedic Braces Market
Table – 27 Market Driver/Restraints Impact Analysis: Canadian Orthopedic Braces Market
Table – 28 European Market Size, By Country, 2014–2021 (USD Million)
Table – 29 European Market Size, By Product, 2014–2021 (USD Million)
Table – 30 European Market Size, By Type of Lower Extremity Braces 2014–2021 (USD Million)
Table – 31 European OTC Orthopedic Braces Market Size,  By Type of Upper Extremity Braces 2014–2021(USD Million)
Table – 32 European OTC Orthopedic Braces Market Size, By Indication, 2014–2021 (USD Million)
Table – 33 Market Driver/Restraints Impact Analysis: German Orthopedic Braces Market
Table – 34 Market Driver/Restraints Impact Analysis: U.K. Orthopedic Braces Market
Table – 35 Market Driver/Restraints Impact Analysis: French Orthopedic Braces Market
Table – 36 Market Driver/Restraints Impact Analysis: RoE Orthopedic Braces Market
Table – 37 Asian Market Size, By Country, 2014–2021 (USD Million)
Table – 38 Asian Market Size, By Product, 2014–2021 (USD Million)
Table – 39 Asian Market Size, By Type of Lower Extremity Braces 2014–2021 (USD Million
Table – 40 Asian OTC Orthopedic Braces Market Size, By Type of Upper Extremity Braces 2014–2021(USD Million)
Table – 41 Asian OTC Orthopedic Braces Market Size, By Indication, 2014–2021 (USD Million)
Table – 42 Market Driver/Restraints Impact Analysis: Japanese Orthopedic Braces Market
Table – 43 Market Driver/Restraints Impact Analysis: Chinese Orthopedic Braces Market
Table – 44 Market Driver/Restraints Impact Analysis: Indian Orthopedic Braces Market
Table – 45 Market Driver/Restraints Impact Analysis: RoA Orthopedic Braces Market
Table – 46 Pacific Market Size, By Country, 2014–2021 (USD Million)
Table – 47 Pacific Market Size, By Product, 2014–2021 (USD Million)
Table – 48 Pacific Market Size, By Type of Lower Extremity Braces 2014–2021 (USD Million)
Table – 49 Pacific Market Size,  By Type of Upper Extremity Braces 2014–2021 (USD Million)
Table – 50 Pacific OTC Orthopedic Braces Market Size, By Indication, 2014–2021 (USD Million)
Table – 51 Market Driver/Restraints Impact Analysis: Australian Orthopedic Braces Market
Table – 52 Market Driver/Restraints Impact Analysis: RoP Market
Table – 53 Market Driver/Restraints Impact Analysis: RoW Market
Table – 54 New Product Launches and Product Enhancements (2013-2016)
Table – 55 Agreements, Partnerships, and Collaborations (2013-2016)
Table – 56 Acquisitions and Mergers (2013-2016)
Table – 57 Geographic Expansions (2013-2016)
Table – 58 Other Developments (2013-2016)
 
 
List of Figures (15 Figures)
 
Figure-1 Research Design
Figure-2 OTC Orthopedic Braces Market: By Region (2016–2021)
Figure-3 OTC Orthopedic Braces Market: Regional Scenario (2016)
Figure-4 Global Market Future Trends, By Product (2016–2021)
Figure-5 Geriatric Population as A Percentage of the Total Population in Key Markets, 2000 vs 2015
Figure-6 Global Market Share, By Product: 2016 vs 2021
Figure-7 Global Market Share, By Indication: 2016 & 2021
Figure-8 Reimbursement Policies for Orthopedic Braces & Supports Varies Across North American Countries (2015)
Figure-9 Proportion of Geriatric Population in Major European Countries (2015)
Figure-10 Reimbursement Policies for Orthopedic Braces & Supports Varies Across European Countries (2015)
Figure-11 Reimbursement Policies for Orthopedic Braces & Supports Varies Across Asian Countries (2015)
Figure-12 Leading Market Players Adopted New Product Launches and Product Enhancements as Key Growth Strategies During  2013-2016
Figure-13 OTC Orthopedic Braces Share,  By Key Player (2015)
Figure-14 Key Growth Strategies, By Year (2013-2016)
Figure-15 Product Development, the Most Widely Adopted Growth Strategy During 2013-2016

The global OTC orthopedic braces market is estimated to reach USD 1.33 Billion by 2021, growing at a CAGR of 4.8% during the forecast period of 2016 to 2021. Factors such as the growing demand for orthopedic braces among the geriatric population, rising incidence of bone-degenerative diseases, increasing global burden for obesity, ongoing commercialization of orthopedic bracing and support products, affordability and easy availability of OTC orthopedic brace (as compared to prescription-based products), rising public participation in sports, easy accessibility of OTC orthopedic brace and supports through e-commerce websites, and adoption of orthopedic braces for preventive care are propelling the growth of the global market. However, high patient preference for alternative treatments, limited reimbursements offered for OTC orthopedic braces and supports, dearth of substantial clinical evidences supporting the efficacy of orthopedic braces and supports in prophylactic and rehabilitative use, and lack of customization options for OTC orthopedic brace are some of the major factors restraining the growth of this market.

On the basis of products, the global OTC orthopedic braces market is segmented into lower extremity braces (knee and foot & ankle braces), upper extremity braces (shoulder, elbow, and wrist braces), back & hip braces, and other braces (neck, groin, calf, thigh, and facial braces). The lower extremity braces segment is expected to grow at the highest CAGR in the next five years, owing to the growing geriatric population (coupled with the 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.

Based on indication, the OTC orthopedic braces market is classified into four segments, namely, prophylactic, injury, osteoarthritis (OA), and other indications. The prophylactic segment is expected to grow at the highest CAGR in the next five years, due to the active participation in sports activities across the major markets (such as the U.S. and European counties), evidence of successful studies which show the effectiveness of prophylactic braces in reducing injury rates, and growing consciousness about the use of prophylactic braces during sports-related activities.

On the basis of regions, market is divided into North America, Europe, Asia, Pacific, and the Rest of the World. In 2016, the global market is estimated to be dominated by North America. A number of factors such as rising geriatric population, increasing incidence of osteoporosis and osteoarthritis, growing obese population, rising number of injuries due to road accidents, and active participation of the population in sports activities are driving the growth of the market in the North American region. The Asian market is expected to grow at the highest CAGR from 2016 to 2021. This is primarily due to the 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.

OTC Orthopedic Braces Market

New product launches and product enhancements was the key growth strategy adopted by major players to develop their positions in the global OTC orthopedic braces market. Players also adopted strategies such as partnerships, agreements, and collaborations; acquisitions; and geographic expansions to strengthen their product portfolios and expand their geographic presence in the global market.

DJO Finance LLC (U.S.), DeRoyal Industries Inc. (U.S.), Breg, Inc. (U.S.), Φssur 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.

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