North America 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 North America OTC Braces & Supports Market would witness market growth of 5.6% CAGR during the forecast period (2022-2028).
OTC braces are made of soft materials like spandex or other closely-knit textiles and rigid materials like hard plastics that are designed to restrict joint movement. A brace's main function is to prevent a joint from moving past a specific point or, in some situations, from moving at all. This guarantees that all connective tissues have an opportunity to repair effectively. A brace can be easily put on or taken off for bathing or physical treatment, unlike a cast. In rare circumstances, a brace might even let people keep using their muscles for sensible activity. Depending on which body region needs help mending, orthopedic braces have a variety of uses.
OTC braces are utilized in numerous specialized healthcare domains, such as those that deal with osteoarthritis treatment, post-operative care, injury rehabilitation and prevention, and more. The best orthopedic brace for the patient can be determined by a skilled medical practitioner, along with the brace's fit, level of function, support, and stability or protection.
The growing elderly population is another element boosting the demand for these braces and supports in the region. The number of people above 65 age in Canada and the United States is anticipated to increase from roughly 60 million in 2019 to approximately 80 million by 2030, and the older age group's share of the total population may increase from 16.4 percent in 2019 to 20.5 percent by 2030, according to the world population ageing report. This demographic is more susceptible to joint pain, arthritis, as well as other non-fatal pain and injuries, hence it is expected that this geographical market will grow over the next few years.
The US market dominated the North America OTC Braces & Supports Market by Country in 2021; thereby, achieving a market value of $354.2 Million by 2028. The Canada market is experiencing a CAGR of 8% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 7.1% 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 U.S., Mexico, Canada, and Rest of North America.
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 North America
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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