Published Date: 24-Nov-2022
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According to a new report, published by KBV research, The Global OTC Braces & Supports Market size is expected to reach $1.3 billion by 2028, rising at a market growth of 6.1% CAGR during the forecast period.
The Orthopedic Clinics & Hospitals market is showcasing a CAGR of 6.5% during (2022 - 2028). Hospitals provide healthcare services using specialist scientific equipment. Hospitals receive a variety of cases containing issues related to both conventional and current medical disciplines. Trained professionals are assigned to handle these cases. They provide patients with cutting-edge choices for treating persistent and challenging-to-heal wounds.
The Knee Braces & Supports market is leading the segment in the Global OTC Braces & Supports Market by Product in 2021; thereby, achieving a market value of $352.1 Million by 2028. This is because these devices have so many benefits, including reduced knee rotation, side support, the ability to restrict harm during mobility, and protection against injury risk following surgery. The knees are a sensitive part of the human body, yet they are supposed to handle a heavy, constantly moving load.
The Ligament Injury Repair market is experiencing a CAGR of 6.4% during (2022 - 2028). Strong bands of connective tissue called ligaments are what attach one bones to another. The anterior cruciate ligament (ACL), that is one of the two ligaments that cross in the center of the knee, helps to stabilize the knee joint by connecting the thighbone to the shinbone.
The North America market dominated the Global OTC Braces & Supports Market by Region in 2021; thereby, achieving a market value of $491 Million by 2028. The Europe market is anticipated to grow at a CAGR of 5.7% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 6.5% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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