OTC Braces and Supports Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
A08284 | Pages: NA | Feb 2021 | 49 Views | | |
Author(s) : NA | Tables: NA | Charts: NA | Formats*: | |
COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the OTC Braces and Supports Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
Request Now !Braces tend to be used for a variety of medical conditions and are designed for different degrees of support or protection. They are primarily concerned with giving support structurally, functionally or for re-positioning and stabilization of the joints. Generally, support braces or splints are used in the field of orthopedics as a result of aging in conditions, such as osteoarthritis, due to traumatic injuries, or in sports injuries were they may be used to treat an injury. In cases, such as ankle braces and knee braces, supports are often used to prevent injury or with pre-existing sports injuries to prevent a recurrence of the knee or ankle injury. There are different type of braces and supports such as soft & elastic braces and support, hinged braces and support, and hard & rigid braces and support. Fabric-based knee braces and prophylactic braces are prescribed for instability following bone or soft tissue injuries to the knee. Soft and elastic braces are the most common bracing & support products in orthopedics. These are easy to use, flexible, provide unrestricted patient mobility, and are highly customizable as compared to other surgical alternatives.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast unit | Value (USD) |
Segments covered | Type, Application, Product |
Regions covered | North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa |
Companies covered | Breg, Inc., DJO Finance LLC, Bauerfeind AG, DeRoyal Industries, Inc., Össur Hf, Oppo Medical, Inc., Zimmer Biomet Holdings, Inc., Ottobock Holding GmbH & Co. KG, Bird & Cronin, Inc., Reh4Mat, 3M Company, Medi GmbH & Co. KG, BSN Medical, Thuasne Group, Becker Orthopedic, and United Ortho |
COVID-19 scenario analysis:
- To take care of infected population, the demand for medical supplies is increasing. Respiratory support devices, such as atomizer, life-support machine, oxygen generator, and monitor, are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies, such as personal protective equipment, including masks, gloves, and protective eyeglasses.
- With rise in number of COVID-19 cases worldwide, the need for medical supplies keeps on rising both from healthcare professionals and civil population for precautionary measures. Manufacturers of these products have a chance to capitalize this increased demand for medical supplies to ensure adequate and continuous supply of personal protective equipment in the market.
- It may affect the availability of daily use medical devices as the import export between countries is also affected due to the pandemic. Majority of healthcare, pharmaceutical, and biotechnology organizations have concentrated on diagnostics kits, safety wearables (PPE kits, face shields, masks), treatment therapies, and medication to fight against novel coronavirus. Therefore, there may be a possibility that the OTC braces and support market may witness negligence.
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
Growth in the market is primarily driven by the rise in public awareness related to preventive care and increase in prevalence of orthopedic diseases & disorders. In addition, the geriatric population is considered as one of the highest contributors to orthopedic braces and supports as the elderly population is highly susceptible to musculoskeletal disorders. Bones and connecting tissues, such as ligaments and cartilages, naturally weaken with age, especially in women. Sports-related injuries are rising with the growing number of sports activities. Nowadays, athletes are more focused on fitness-related activities such as running, cycling, and others. While gaining health benefits through such activities, they are likely to sustain injuries, which can further lead to ligament injury. Indoor athletes are at high risk for ankle ligament tear. Therefore, they are expected to generate substantial demand for ankle braces. In addition, ankle braces are recommended by orthopedicians post an acute ankle sprain. Advancements in braces and support products and their benefits are expected to foster the OTC braces and support market.
New product launches to drive the market
In 2017 DJO Global, Inc. launched the new UltraSling Quadrant, a patent-pending shoulder orthosis that provides four angles of immobilization in one brace for optimal versatility and a unique feature that allows the patient to flex and extend their arm, promoting therapeutic movement. In addition to its four angles of immobilization, several unique features set UltraSling Quadrant apart. ProTherapy is a precision-based system that enhances the rehabilitation process by allowing patients to flex and extend their arm, which promotes therapeutic movement throughout recovery. UltraSling Quadrant also provides single-handed, patient-friendly application for ease of use, which improves the patient experience and promotes compliance. TempGuard, a cool-to-the-touch anti-microbial material, adds extraordinary comfort, especially for those who require extended use. Polar Care Wave, a product of Breg Inc., combines motorized cold therapy with active compression in a simple and compact system, making it ideal for facility and home use. It can be easily transported from the hospital, physical therapy clinic or athletic training room to the patient’s home, extending the benefits of cold and compression. It is designed to reduce pain and edema to optimize patient recovery. Motorized cold therapy and compression devices, such as Polar Care Wave, can decrease narcotic use post-operatively. With the advancement in OTC braces and supports, the product demand is increasing among people, thereby helping the market to grow proficiently.
Key segments covered:
Segments | Sub-segments |
Type |
|
Application |
|
Product |
|
Key benefits of the report:
- This study presents the analytical depiction of the OTC braces and supports market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the OTC braces and supports market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the OTC braces and supports market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the OTC braces and supports market research report:
- Which are the leading market players active in the market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through well audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of marketplace
With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
- Chief executives and VPs of leading corporations specific to industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
Access from any device, anywhere
Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.
REQUEST TOC/SAMPLE
Purchase Full Report of
OTC Braces and Supports Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
- Online Only
-
$3,456$3,110 - Online cloud access only
- Restricted print, copy, paste & download
- Read only
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Data Pack
-
$3,840$3,456 - Restricted to one authorized user
- One print only
- Available in
Excel - Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Single User
-
$5,769$5,192 - Restricted to one authorized user
- One print only
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Five Users
-
$6,450$5,805 - Limited to five authorized users
- Print upto five copies
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
-
Enterprise
License/PDF -
$8,995$8,096 - Unlimited
within
company/enterprise - Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Library Membership
- $ 699/mo
- Published Content
E-access - Company Profiles
E-access - Newly Added Content Access
- 10 PDF
Downloads - 5 Excel Data
Pack Downloads - 250 Company Profiles PDF Downloads
-
Start reading.
Buy Now
This title and over 12,000+ are available on the Avenue Library. T&C*.
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers
Featured Reports
Get fresh content delivered
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers