Europe OTC Braces & Supports Market Size, Share & Industry Trends Analysis Report By Distribution Channel, By Product, By Application (Preventive Care, Osteoarthritis, Ligament Injury Repair, Compression Therapy), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe OTC Braces & Supports Market would witness market growth of 5.7% CAGR during the forecast period (2022-2028).
The design, production, and usage of orthopedic braces and other comparable devices that are utilized outside the patient's body to alter or enhance the function and structure of the damaged muscles and bones fall under the umbrella of the medical specialty of orthotics. But it's vital to remember that wearing orthopedic braces without a doctor's or an orthotist's counsel is not advised. An orthotist is a physician who is in charge of prescribing, managing, making, and monitoring orthopedic braces as well as other orthoses.
There are numerous uses for OTC braces. They may be given to stop the motion of joints, limbs, or other body parts for a specific period of time. This may be essential for proper recovery and posture throughout the injured body part's healing process. Braces are usually recommended for restricting and assisting general movement, removing weight from muscles and joints that are recovering or injured, and changing the shape and function to relieve discomfort and encourage increased mobility. To aid in musculoskeletal rehabilitation, these braces can also be suggested to patients who have broken or shattered bones.
Europe region is anticipated to have a growing demand for OTC braces and supports throughout this region in the near future due to the existence of improved healthcare infrastructure, current products, and trained Experts is adding to the growing. The rising demand for sophisticated therapies & products in Europe is another significant element anticipated to encourage regional market expansion.
The Germany market dominated the Europe OTC Braces & Supports Market by Country in 2021; thereby, achieving a market value of $87.5 Million by 2028. The UK market is exhibiting a CAGR of 4.8% during (2022 - 2028). Additionally, The France market would experience a CAGR of 6.5% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global OTC Braces & Supports Market will Hit $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.
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
- Pharmacies & Retailers
- E-Commerce Platforms
- Orthopedic Clinics & Hospitals
- 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
- Preventive Care
- Ligament Injury Repair
- Compression Therapy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- 3M Company
- Essity AB
- Ossur Hf.
- Ottobock SE & Co. KGaA
- Bauerfeind AG
- Nippon Seiki Co., Ltd.
- Zimmer Biomet Holdings, Inc.
- Becker Orthopedic
- DJO Global
- Breg, Inc.
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