OTC Braces & Support Market by Product (Knee, Back, Spine, Hip, Ankle, Foot, Shoulder, Elbow, Hand), Application (Osteoarthritis, Preventive Care, Ligament Injury), Sales Channel (Pharmacies, Retailers, E-Commerce, Hospitals) - Global Forecasts to 2022
[319 Pages Report] The global OTC braces and supports market is projected to reach USD 1.42 Billion by 2022 from USD 1.05 Billion in 2016, at a CAGR of 5.2% during 20172022.
Objectives of the study are:
- To define, describe, segment, and forecast the global OTC braces and supports market by product, application, sales channel, and region
- To forecast the size of the market segments with respect to the four key regions North America, Europe, Asia Pacific, and the rest of the world (RoW)
- To provide detailed information regarding the major factors influencing the overall market growth (drivers, restraints, opportunities, and challenges) across individual geographies
- To analyze micromarkets with respect to their individual growth trends, prospects, and contributions to the overall market
- To analyze growth opportunities in the market for various stakeholders and provide details of the competitive landscape for market leaders
- To profile the key players in the global OTC braces and supports market and comprehensively analyze their market shares and core competencies
- To track and analyze competitive developments such as product launches; collaborations, agreements, and partnerships; geographic expansions; and mergers & acquisitions in the global OTC orthopedic braces and supports market
This research study involves the extensive use of secondary sources, directories, and databases (such as, Bloomberg Business, Factiva, and Dun & Bradstreet), to identify and collect information useful for this technical, market-oriented, and financial study of the orthopedic braces and supports market. In-depth interviews were conducted with various primary respondents, including subject-matter experts (SMEs), C-level executives of key market players, and industry consultants to obtain and verify qualitative and quantitative information and to assess market prospects.
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In 2016, DJO Finance LLC (US), Breg, Inc. (US), Ossur Hf (Iceland), DeRoyal Industries, Inc. (US), and Bauerfeind AG (Germany) held the leading position in the global OTC braces and supports market. In the past three years, these companies adopted product launches, mergers, strategic acquisitions, agreements, collaborations & partnerships, and expansions as their key business strategies to ensure market dominance. Otto Bock HealthCare (Germany), BSN Medical (Germany), medi GmbH & Co. KG (Germany), 3M Company (US), and THUASNE Group (France) are some of the other major players in this market.
Stakeholders
- Orthopedic bracing and support product manufacturers
- Distributors and suppliers
- Research laboratories and academic institutes
- Sports institutes and organizations
- Government and independent regulatory bodies
- Market research organizations
Scope of the Report
This report categorizes the global orthopedic braces and supports market into the following segments and subsegments:
Global OTC Braces and Supports Market, by Product
- Lower Extremity Braces and Supports
- Knee Braces and Supports
- Ankle Braces and Supports
- Foot Braces and Orthoses
- Back, Hip, & Spine Braces and Supports
- Neck & Cervical Spine Braces and Supports
- Lower Spine Braces and Supports
- Upper Extremity Braces and Supports
- Shoulder Braces and Supports
- Elbow Braces and Supports
- Hand & Wrist Braces and Supports
Global OTC Braces and Supports Market, by Application
- Ligament Injury
- Preventive Care
- Post-operative Rehabilitation
- Osteoarthritis
- Cold Bracing
- Other Applications
Global OTC Braces and Supports Market, by Sales Channel
- Pharmacies & Retailers
- E-Commerce Platforms
- Hospitals & Orthopedic Clinics
Global OTC Braces and Supports Market, by Region
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- RoE
- Asia Pacific
- Japan
- China
- India
- RoAPAC
- Rest of the World (RoW)
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the companys specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Geographic Analysis
- Further breakdown of the regional orthopedic braces and supports market:
- RoW into Latin America, the Middle East, and Africa
The global OTC braces and supports market is projected to reach USD 1.42 Billion by 2022 from USD 1.10 Billion in 2017, at a CAGR of 5.2%. Factors such as growing prevalence of musculoskeletal disorders and diseases, rapid growth in the geriatric population, rising number of sports-related injuries, and growing adoption of e-commerce platforms for OTC orthopedic braces are driving the growth of the market.
This report broadly segments the OTC braces and supports market into product, application, sales channel, and region. On the basis of product, the market is categorized into lower extremity and upper extremity braces and supports. In 2017, the lower extremity braces and supports segment is expected to account for the largest share of the market. This segment is also expected to register the highest CAGR during the forecast period due to the growing prevalence of obesity & diabetes and the higher prevalence of orthopedic disorders and diseases.
By application, the market is categorized into preventive care, ligament injury, post-operative rehabilitation, osteoarthritis, and other applications (osteoporosis, Pagets disease, and spinal degenerative conditions). In 2017, the ligament injury segment is expected to account for the largest share of the market, owing to the availability of medical reimbursement for the treatment of ligament injuries and awareness related to the clinical benefits of these products in the effective clinical management of ligament injuries.
Based on sales channel, the market is segmented into four segments, namely, pharmacies & retailers, e-commerce platforms, hospitals & orthopedic clinics. In 2017, pharmacies & retailers are expected to account for the largest share of the market due to ease of product access for patients and growing awareness about the clinical benefits of orthopedic braces in preventive care.
This report covers the market across four major geographies, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is expected to command the largest share of the market in 2017 owing to the availability of medical reimbursement and insurance for major OTC orthopedic bracing products and expansion of target patient population (especially osteoporosis and osteoarthritis patients as well as those suffering from musculoskeletal injuries). However, Asia Pacific is expected to register the highest growth rate during the forecast period.
Factors such as high adoption of pain medications, limited clinical evidence to support the efficacy of orthopedic braces and supports, and limited options to customize OTC orthopedic braces & supports are expected to restrain the growth of the market during the forecast period.
As of 2016, major players in the market are DJO Finance LLC (US), Breg, Inc. (US), Ossur Hf (Iceland), DeRoyal Industries, Inc. (US), Bauerfeind AG (Germany), Otto Bock Holding GmbH & Co. KG (Germany), BSN medical (Germany), medi GmbH & Co. KG (Germany), THUASNE Group (France), and 3M Company (US), among others.
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Table of Contents
1 Introduction (Page No. - 14)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Markets Covered
1.4 Geographic Scope
1.5 Years Considered for the Study
1.6 Currency Used
1.7 Markets Stakeholders
2 Research Methodology (Page No. - 19)
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.2 Opportunity Indicators
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Market Breakdown and Data Triangulation
2.5 Research Assumptions
2.6 Research Limitations
3 Executive Summary (Page No. - 29)
4 Premium Insights (Page No. - 36)
4.1 Increasing Prevalence of Orthopedic Diseases and Disorders to Drive the Growth of the Market (20172022)
4.2 Ligament Injury Segment to Dominate the OTC Orthopedic Braces and Supports Market as of 2017
4.3 Asia Pacific to Be the Fastest-Growing Market for OTC Orthopedic Braces and Supports During the Forecast Period
4.4 Pharmacies & Retailers Segment to Dominate Market Across All the Regions as of 2017
4.5 China and India to Be the Fastest-Growing Markets for OTC Orthopedic Braces and Supports During the Forecast Period
5 Market Overview (Page No. - 42)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Prevalence of Orthopedic Diseases & Disorders
5.2.1.2 Rapid Growth in the Geriatric Population
5.2.1.3 Development of Specialized OTC Orthopedic Braces and Support Products
5.2.1.4 Growing Affordability and Availability of OTC Orthopedic Braces
5.2.1.5 Rising Number of Sports and Accident-Related Injuries
5.2.2 Restraints
5.2.2.1 Limited Options to Customize OTC Orthopedic Braces & Supports
5.2.2.2 Limited Reimbursement Coverage for OTC Orthopedic Braces and Supports
5.2.2.3 Significant Public Adoption of Pain Medications for Disease Management
5.2.3 Opportunities
5.2.3.1 Growing Adoption of E-Commerce Platforms for OTC Based Orthopedic Braces
5.2.3.2 Product Promotion and Branding Initiatives Undertaken By Major Product Manufacturers
5.2.4 Challenges
5.2.4.1 Limited Clinical Evidence to Support Clinical Efficacy of Orthopedic Braces and Supports
6 OTC Orthopedic Braces and Supports Market, By Product (Page No. - 59)
6.1 Introduction
6.2 OTC Lower Extremity Orthopedic Braces & Supports
6.2.1 Knee Braces & Supports
6.2.2 Ankle Braces & Supports
6.2.3 Foot Walkers & Orthoses
6.2.4 Back, Hip, & Spine Braces & Supports
6.2.4.1 Neck and Cervical Braces & Supports
6.2.4.1 Lower Spine Braces & Supports
6.2.5 OTC Upper Extremity Orthopedic Braces & Supports
6.2.6 Shoulder Braces & Supports
6.2.7 Elbow Races & Supports
6.2.8 Hand and Wrist Braces & Supports
7 OTC Orthopedic Braces and Supports Market, By Application (Page No. - 77)
7.1 Introduction
7.2 Ligament Injury
7.3 Preventive Care
7.4 Post-Operative Rehabilitation
7.5 Osteoarthritis
7.6 Cold Bracing
7.7 Other Applications
8 OTC Orthopedic Braces and Supports Market, By Sales Channel (Page No. - 87)
8.1 Introduction
8.2 Pharmacies & Retailers
8.3 E-Commerce Platforms
8.4 Hospitals & Orthopedic Clinics
9 OTC Orthopedic Braces and Supports Market, By Region (Page No. - 93)
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 France
9.3.4 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Rest of Asia Pacific
9.5 Rest of the World
10 Competitive Landscape (Page No. - 145)
10.1 Overview
10.2 Global OTC Orthopedic Braces and Support Market Share Analysis, By Key Players (2016)
10.3 Global OTC Orthopedic Braces and Support Market Raking Analysis (2016)
10.3.1 Global Upper Extremity OTC Orthopedic Braces and Supports Market Ranking (2016)
10.3.2 Global Lower Extremity OTC Orthopedic Braces and Supports Market Ranking (2016)
10.4 Competitive Scenario
10.4.1 Product Launches and Enhancements
10.4.2 Agreements, Partnerships, and Collaborations
10.4.3 Mergers and Acquisitions
10.4.4 Market Expansions
11 Company Profiles (Page No. - 155)
(Company Overview, Products Portfolio, Financials, Strategy & Developments, SWOT Analysis, MnM View)*
11.1 Breg (US)
11.2 Ossur (Iceland)
11.3 Bauerfeind (Germany)
11.4 Bsn Medical (Germany)
11.5 DJO (US)
11.6 3M Company (US)
11.7 Otto Bock (Germany)
11.8 Deroyal (US)
11.9 Medi (Germany)
11.10 Thusane (France)
11.11 Alcare (Japan)
11.12 Zimmer (US)
11.13 Trulife (Ireland)
11.14 Remington Products Company (US)
11.15 Bird and Cronin (US)
*Details on Company Overview, Product Portfolio, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 305)
12.1 Discussion Guide
12.2 Introducing RT: Real-Time Market Intelligence
12.3 Knowledge Store: Marketsandmarkets Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details
List of Tables (70 Tables)
Table 1 OTC Orthopedic Braces & Supports Market, By Product, 20152022 (USD Million)
Table 2 OTC Lower Extremity Orthopedic Braces & Supports Market, By Type, 20152022 (USD Million)
Table 3 OTC Lower Extremity Orthopedic Braces & Supports Market, By Region, 20152022 (USD Million)
Table 4 OTC Knee Braces & Supports Market, By Region, 20152022 (USD Million)
Table 5 OTC Ankle Braces & Supports Market, By Region, 20152022 (USD Million)
Table 6 OTC Foot Braces & Orthoses Market, By Region, 20152022 (USD Million)
Table 7 OTC Back, Hip, & Spine Braces & Supports Market, By Type, 20152022 (USD Million)
Table 8 OTC Back, Hip, & Spine Braces & Supports Market, By Region, 20152022 (USD Million)
Table 9 OTC Neck & Cervical Braces & Supports Market, By Region, 20152022 (USD Million)
Table 10 OTC Lower Spine Braces & Supports Market, By Region, 20152022 (USD Million)
Table 11 OTC Upper Extremity Orthopedic Braces & Supports Market, By Type, 20152022 (USD Million)
Table 12 OTC Upper Extremity Orthopedic Braces & Supports Market, By Region, 20152022 (USD Million)
Table 13 OTC Shoulder Braces & Supports Market, By Region, 20152022 (USD Million)
Table 14 OTC Elbow Braces & Supports Market, By Region, 20152022 (USD Million)
Table 15 OTC Hand and Wrist Braces & Supports Market, By Region, 20152022 (USD Million)
Table 16 Global OTC Orthopedic Braces and Supports Market, By Application, 20152022 (USD Million)
Table 17 OTC Orthopedic Braces and Supports Market for Ligament Injury, By Region, 20152022 (USD Million)
Table 18 OTC Orthopedic Braces and Supports Market for Preventive Care, By Region, 20152022 (USD Million)
Table 19 OTC Orthopedic Braces and Supports Market for Post-Operative Rehabilitation, By Region, 20152022 (USD Million)
Table 20 OTC Orthopedic Braces and Supports Market for Osteoarthritis, By Region, 20152022 (USD Million)
Table 21 OTC Orthopedic Braces and Supports Market for Cold Bracing, By Region, 20152022 (USD Million)
Table 22 Orthopedic Braces and Supports Market for Preventive Care, By Region, 20152022 (USD Million)
Table 23 Global OTC Orthopedic Braces and Supports Market, By Sales Channel, 20152022 (USD Million)
Table 24 OTC Orthopedic Braces and Supports Market for Pharmacies & Retailers, By Region, 20152022 (USD Million)
Table 25 OTC Orthopedic Braces and Supports Market for E-Commerce Platforms, By Region, 20152022 (USD Million)
Table 26 OTC Orthopedic Braces and Supports Market for Hospitals & Orthopedic Clinics, By Region, 20152022 (USD Million)
Table 27 OTC Orthopedic Braces & Supports Market, By Region, 20152022 (USD Million)
Table 28 North America: OTC Orthopedic Braces & Supports Market, By Country, 20152022 (USD Million)
Table 29 North America: Lower Extremity OTC Orthopedic Braces & Supports Market, By Type, 20152022 (USD Million)
Table 30 North America: Upper Extremity OTC Orthopedic Braces & Supports Market, By Type, 20152022 (USD Million)
Table 31 North America: OTC Orthopedic Braces & Supports Market, By Sales Channel, 20152022 (USD Million)
Table 32 North America: OTC Orthopedic Braces & Supports Market, By Application, 20152022 (USD Million)
Table 33 US: Lower Extremity OTC Orthopedic Braces & Supports Market, By Type, 20152022 (USD Million)
Table 34 US: Upper Extremity OTC Orthopedic Braces & Supports Aces Market, By Type, 20152022 (USD Million)
Table 35 Canada: Lower Extremity OTC Orthopedic Braces & Supports Market, By Type, 20152022 (USD Million)
Table 36 Canada: Upper Extremity OTC Orthopedic Braces & Supports Market, By Type, 20152022 (USD Million)
Table 37 Europe: OTC Orthopedic Braces & Supports Market, By Country, 20152022 (USD Million)
Table 38 Europe: Lower Extremity OTC Orthopedic Braces & Supports Market, By Type, 20152022 (USD Million)
Table 39 Europe: Upper Extremity OTC Orthopedic Braces & Supports Market, By Type, 20152022 (USD Million)
Table 40 Europe: OTC Orthopedic Braces & Supports Market, By Sales Channel, 20152022 (USD Million)
Table 41 Europe: OTC Orthopedic Braces & Supports Market, By Application, 20152022 (USD Million)
Table 42 Germany: Lower Extremity OTC Orthopedic Braces & Supports Market, By Type, 20152022 (USD Million)
Table 43 Germany: Upper Extremity OTC Orthopedic Braces & Supports Market, By Type, 20152022 (USD Million)
Table 44 UK: Lower Extremity OTC Orthopedic Braces & Supports Market, By Type, 20152022 (USD Million)
Table 45 UK: Upper Extremity OTC Orthopedic Braces & Supports Market, By Type, 20152022 (USD Million)
Table 46 France: Lower Extremity OTC Orthopedic Braces & Supports Market, By Type, 20152022 (USD Million)
Table 47 France: Upper Extremity OTC Orthopedic Braces & Supports Market, By Type, 20152022 (USD Million)
Table 48 RoE: Lower Extremity OTC Orthopedic Braces & Supports Market, By Type, 20152022 (USD Million)
Table 49 RoE: Upper Extremity OTC Orthopedic Braces & Supports Market, By Type, 20152022 (USD Million)
Table 50 Asia Pacific: OTC Orthopedic Braces & Supports Market, By Country, 20152022 (USD Million)
Table 51 Asia Pacific: OTC Orthopedic Braces & Supports Market, By Country, 20152022 (USD Million)
Table 52 Asia Pacific: Upper Extremity OTC Orthopedic Braces & Supports Market, By Type, 20152022 (USD Million)
Table 53 Asia Pacific: OTC Orthopedic Braces & Supports Market, By Sales Channel, 20152022 (USD Million)
Table 54 Asia Pacific: OTC Orthopedic Braces & Supports Market, By Application, 20152022 (USD Million)
Table 55 Japan: Lower Extremity OTC Orthopedic Braces & Supports Market, By Type, 20152022 (USD Million)
Table 56 Japan: Upper Extremity OTC Orthopedic Braces & Supports Market, By Type, 20152022 (USD Million)
Table 57 China: Lower Extremity OTC Orthopedic Braces & Supports Market, By Type, 20152022 (USD Million)
Table 58 China: Upper Extremity OTC Orthopedic Braces & Supports Market, By Type, 20152022 (USD Million)
Table 59 India: Lower Extremity OTC Orthopedic Braces & Supports Market, By Type, 20152022 (USD Million)
Table 60 India: Upper Extremity OTC Orthopedic Braces & Supports Market, By Type, 20152022 (USD Million)
Table 61 RoAPAC: Lower Extremity OTC Orthopedic Braces & Supports Market, By Type, 20152022 (USD Million)
Table 62 RoAPAC: Upper Extremity OTC Orthopedic Braces & Supports Market, By Type, 20152022 (USD Million)
Table 63 RoW: Lower Extremity OTC Orthopedic Braces & Supports Market, By Type, 20152022 (USD Million)
Table 64 RoW: Upper Extremity OTC Orthopedic Braces & Supports Market, By Type, 20152022 (USD Million)
Table 65 RoW: OTC Orthopedic Braces & Supports Market, By Application, 20152022 (USD Million)
Table 66 RoW: OTC Orthopedic Braces & Supports Market, By Type, 20152022 (USD Million)
Table 67 Major Product Launches and Enhancements (20132017)
Table 68 Major Agreements, Partnerships, and Collaborations (20132017)
Table 69 Major Mergers and Acquisitions (20132017)
Table 70 Major Market Expansions (20132017)
List of Figures (31 Figures)
Figure 1 Research Design
Figure 2 Breakdown of Primaries: OTC Orthopedic Braces Market
Figure 3 Opportunity Indicators: Impact Analysis
Figure 4 Knee Braces and Supports Segment is Estimated to Dominate Global OTC Orthopedic Braces and Supports Market During 2017-2022
Figure 5 Pharmacies & Retailers are Estimated to Hold the Largest Share in the OTC Orthopedic Braces and Supports Market as of 2017
Figure 6 Ligament Injury is Estimated to Hold the Largest Share in OTC Orthopedic Braces and Supports Market as of 2017
Figure 7 North America to Dominate the Global OTC Orthopedic Braces and Supports Market During the Forecast Period
Figure 8 Obese Population (As A Percentage of the Total Population) in Oecd Countries (2015)
Figure 9 Prevalence of Diabetes Per 100,000 Population Among Major Countries (2015)
Figure 10 Geriatric Population Across Major Healthcare Markets Worldwide, 2000 vs 2015
Figure 11 Number of Injuries in Road Accidents Among Major Countries in 2015 (In Thousands)
Figure 12 Percentage of Sports Injuries in the English Premier League (UK), 20152016
Figure 13 Percentage of Sports Injuries Reported During Nba (US), 20162017
Figure 14 Commonly Reported Sports Injuries Worldwide (2013)
Figure 15 Global Incidence of Sports Injuries Among Athletes (Aged Below 19 Years), 2013
Figure 16 Knee Braces and Supports Segment to Dominate the OTC Lower Extremity Braces and Supports Market During the Forecast Period
Figure 17 Patient Population With Ankle Sprains Across Major Countries (2015)
Figure 18 Shoulder Braces and Supports to Dominate the OTC Upper Extremity Braces and Supports Market During the Forecast Period
Figure 19 North America to Hold the Largest Share of the Application Segment of the OTC Orthopedic Braces and Suports Market During the Forecast Period
Figure 20 Pharmacies & Retailers Segment to Dominate of the OTC Orthopedic Braces and Supports Market During the Forecast Period
Figure 21 OTC Orthopedic Braces and Supports Market, By Country/Region (2017-2022)
Figure 22 Prevalence of Sports Injuries in the US (In Millions, 2015)
Figure 23 UK Dominates in the Proportion of Obese Population in Europe as of 2015
Figure 24 Key Developments By Leading Market Players in the OTC Orthopedic Braces and Supports Market, 20142017
Figure 25 Global Upper Extremity OTC Orthopedic Braces and Supports Market Ranking, By Top 5 Players (2016)
Figure 26 Global Lower Extremity OTC Orthopedic Braces and Supports Market Ranking, By Top 5 Players (2016)
Figure 27 Product Launches & Enhancements, the Most Widely Adopted Growth Strategy During 20132017
Figure 28 Φssur HF: Company Snapshot (2016)
Figure 29 DJO Finance LLC: Company Snapshot (2016)
Figure 30 3M Company: Company Snapshot (2016)
Figure 31 Zimmer Biomet Holdings, Inc.: Company Snapshot (2016)
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