The Asia Pacific OTC Braces & Supports Market would witness market growth of 6.5% CAGR during the forecast period (2022-2028).
Wearing OTC braces can help patients who have sustained wounds including fractures, sprains, dislocated joints, and fractured bones. OTC braces are designed largely based on the purpose they will serve the patient. Ankle braces are typically prescribed to provide compressive force and heat to the bones within while immobilizing the nearby joints. Patients who play sports like rugby, basketball, and soccer frequently exhibit this. The purpose of OTC braces should be taken into consideration when writing a prescription.
Another popular type of OTC brace is the wrist brace. Similar to wrist braces, ankle braces are made to immobilize the affected joints and to apply heat and compression while they heal. These are frequently suggested for wrist injuries that are not traumatizing or as a type of support while the injury is mending. They may also be perfect for folks who have had wrist sprains and inflammations. Weightlifters and bodybuilders, two sportspeople who frequently exert a lot of stress on their wrists, can also benefit from wearing wrist braces.
One of the world's fastest-growing ageing populations is in China. Due to rising life expectancy and falling birth rates, 28% of China's population is expected to be over 60 by 2040. For public health & socioeconomic development, this profound demographic shift creates a number of new challenges and opportunities. China has been looking into cutting-edge methods for enhancing access to integrated care, such as the creation of an online medical information portal. As a result of this large number of aged people in China, the risk of orthopedic disorders is also high in the nation. This arises the need for OTC braces & supports in the region, further leading to market growth.
The China market dominated the Asia Pacific OTC Braces & Supports Market by Country in 2021; thereby, achieving a market value of $105.5 Million by 2028. The Japan market is registering a CAGR of 5.9% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 7.2% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into Pharmacies & Retailers, E-Commerce Platforms and Orthopedic Clinics & Hospitals. Based on Product, the market is segmented into Knee Braces & Supports, Ankle Braces & Supports, Hand/Wrist Braces & Supports, Back, Hip & Spine Braces and Supports, Shoulder Braces & Supports, Elbow Braces & Supports, Foot Walkers & Orthoses and Others. Based on Application, the market is segmented into Preventive Care, Osteoarthritis, Ligament Injury Repair, Compression Therapy and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide OTC Braces & Supports Market is Projected to reach USD 1.3 Billionn by 2028, at a CAGR of 6.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 3M Company, Essity AB, Ossur Hf., Ottobock SE & Co. KGaA, Bauerfeind AG, Nippon Seiki Co., Ltd., Zimmer Biomet Holdings, Inc., Becker Orthopedic, DJO Global and Breg, Inc.
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