OTC Braces and Supports Market by Product (Knee, Ankle, Spine, Shoulder, Neck, Elbow, Wrist, Facial), Category, Application (Ligament (ACL, LCL), Preventive, OA, Compression), Distribution (Clinics, Pharmacies, E-Commerce) - Global Forecast to 2024

“The OTC braces and supports market is projected to grow at a CAGR of 5.1% during the forecast period”
The OTC braces and supports market is projected to reach USD 1.5 billion by 2024 from USD 1.2 billion in 2019, at a CAGR of 5.1%. The growth in this market is majorly driven by the increasing prevalence of orthopedic diseases & disorders, rising number of sports and accident-related injuries, and growing public awareness related to preventive care. However, the limited patient qualification for bracing-mediated orthopedic treatment, limited clinical evidence to support the therapeutic efficacy of orthopedic braces, and the high adoption of pain medications are expected to restrain the growth of this market during the forecast period.

“Soft & elastic braces and supports segment to witness the highest growth in the OTC braces and supports market, by type, between 2019 & 2024”

The soft & elastic braces and supports segment is estimated to grow at the highest CAGR during the forecast period. Growth in this market can primarily be attributed to the growing availability of advanced products, increasing adoption & patient preference for orthopedic braces in post-operative and preventive care, and the supportive reimbursement scenario for target products across mature markets. This market is further driven by the branding initiatives performed by key market players and growing affordability of soft braces.

“The pharmacies and retailers segment accounted for the largest share of the OTC braces and supports market, by distribution channel, in 2018”

The pharmacies & retailers segment accounted for the largest share of the OTC braces and supports market in 2018. The large share of this segment is attributed to the wide availability of orthopedic bracing products through retailers & pharmacies, rising adoption of off-the-shelf products for sprain in major countries (as a result of the ease of product access to patients through retailers & pharmacies), growing public awareness about the clinical benefits of orthopedic braces in preventive care, and increasing product commercialization by key market players.

“The Asia Pacific market to register the highest CAGR during the forecast period”
The OTC braces and supports market in the Asia Pacific is expected to grow at the highest CAGR during the forecast period, majorly due to the increasing prevalence of orthopedic & diabetes-related conditions, favorable government regulations, and the focus of global product manufacturers on expanding their presence in APAC countries.



Breakdown of supply-side primary interviews:
‧ By Company Type: Tier 1: 25%, Tier 2: 30%, and Tier 3: 45%
‧ By Designation: C-level: 26%, Director-level: 30%, and Others: 44%
‧ By Region: North America: 35%, Europe: 26%, APAC: 23%, and the RoW: 16%

The major players operating in this market are DJO Global (US), Ossur Hf (Iceland), Breg, Inc. (US), Bauerfeind AG (Germany), Ottobock Holding GmbH & Co. KG (Germany), medi GmbH & Co. KG (Germany), BSN medical (Germany), Thuasne Group (France), Reh4Mat (Poland), 3M Company (US), Zimmer Biomet Holdings, Inc. (US), DeRoyal Industries, Inc. (US), Bird & Cronin, Inc. (US), Becker Orthopedic (US), and United Ortho (US).

Furthermore, the orthopedic rehabilitation solutions industry is expected to witness significant disruption over the next decade, owing to the emergence of novel technologies. Researchers and prominent market players/start-ups are focused on the development of novel solutions to address such clinical limitations, which will prove significantly disruptive to established and available market products. Some of these areas of disruptive innovation are biofilm-coated orthopedic implants, the soul insole, exoskeletons/bionics, and smart clothing solutions. Given the expected development and commercialization of such technologies underway, major and emerging players alike should account for changes in the market landscape and expand their presence, product pipelines, and technological competencies to remain competitive in the orthopedic rehabilitation solutions industry.

Research Coverage
This report studies the OTC braces and supports market based on product, type, application, distribution channel, and region. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting market growth and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micromarkets with respect to their individual growth trends and forecasts the revenue of the market segments with respect to five major regions (and the respective countries in these regions).

Key Benefits of Buying the Report
This report focuses on various levels of analysis, such as industry trends, market shares of top players, and company profiles, which together form basic views and analyze the competitive landscape, emerging segments of the OTC braces and supports market, and high-growth regions and their drivers, restraints, opportunities, and challenges. The report helps both established firms as well as new entrants/smaller firms to gauge the pulse of the market and garner higher market shares.

TABLE OF CONTENTS

1 INTRODUCTION 20
1.1 OBJECTIVES OF THE STUDY 20
1.2 MARKET DEFINITION 20
1.3 MARKET SCOPE 21
1.3.1 MARKETS COVERED 21
1.3.2 GEOGRAPHIC SCOPE 21
1.3.3 YEARS CONSIDERED FOR THE STUDY 22
1.4 CURRENCY USED FOR THE STUDY 22
1.5 MAJOR MARKET STAKEHOLDERS 22
2 RESEARCH METHODOLOGY 23
2.1 RESEARCH DATA 23
2.1.1 SECONDARY DATA 24
2.1.1.1 Secondary sources 25
2.1.2 PRIMARY DATA 26
2.2 MARKET ESTIMATION METHODOLOGY 26
2.2.1 END USER-BASED MARKET ESTIMATION 27
2.2.2 REVENUE MAPPING-BASED MARKET ESTIMATION 28
2.2.3 PRIMARY RESEARCH VALIDATION 28
2.3 DATA TRIANGULATION 29
2.4 RESEARCH ASSUMPTIONS 30
2.5 RESEARCH LIMITATIONS 30
3 EXECUTIVE SUMMARY 31
4 PREMIUM INSIGHTS 36
4.1 OTC BRACES AND SUPPORTS: MARKET OVERVIEW 36
4.2 ASIA PACIFIC: OTC BRACES AND SUPPORTS MARKET, BY DISTRIBUTION CHANNEL 37
4.3 OTC BRACES AND SUPPORTS MARKET, BY PRODUCT 38
4.4 OTC BRACES AND SUPPORTS MARKET SHARE, BY TYPE AND REGION (2019) 39
4.5 OTC BRACES AND SUPPORTS MARKET, BY APPLICATION 40
4.6 OTC BRACES AND SUPPORTS MARKET, BY COUNTRY 41
5 MARKET OVERVIEW 42
5.1 INTRODUCTION 42
5.2 MARKET DYNAMICS 42
5.2.1 DRIVERS 43
5.2.1.1 Increasing prevalence of orthopedic diseases and disorders 43
5.2.1.2 Continuous product commercialization 44
5.2.1.3 Greater product affordability and market availability 44
5.2.1.4 Rising number of sports and accident-related injuries 44
5.2.1.5 Growing public awareness related to preventive care 46
5.2.1.6 Promotion and branding initiatives undertaken by major product manufacturers 46
5.2.2 RESTRAINTS 47
5.2.2.1 Limited options to customize OTC orthopedic braces and supports 47
5.2.2.2 Limited clinical evidence to support the efficacy of orthopedic braces 47
5.2.3 OPPORTUNITIES 48
5.2.3.1 Increased sales of off-the-shelf products through e-commerce platforms 48
5.2.4 CHALLENGES 48
5.2.4.1 Significant adoption of pain medications 48
5.2.4.2 Limited reimbursement coverage 48
5.3 REGULATORY SCENARIO 49
5.4 ROADMAP: FUTURE CHANGES IN THE OTC BRACES & SUPPORTS MARKET 51
6 OTC BRACES AND SUPPORTS MARKET, BY PRODUCT 52
6.1 INTRODUCTION 53
6.2 KNEE BRACES AND SUPPORTS 54
6.2.1 RISE IN GERIATRIC AND OBESE POPULATIONS IS A KEY DRIVER OF MARKET GROWTH 54
6.2.1.1 Knee braces and supports market, by type 55
6.2.1.2 Knee braces and supports market, by application 56
6.2.1.3 Knee braces and supports market, by distribution channel 56
6.3 ANKLE BRACES AND SUPPORTS 57
6.3.1 WIDE USE IN PREVENTIVE CARE APPLICATIONS HAS DRIVEN PRODUCT DEMAND 57
6.3.1.1 Ankle braces and supports market, by type 58
6.3.1.2 Ankle braces and supports market, by application 58
6.3.1.3 Ankle braces and supports market, by distribution channel 59
6.4 FOOT WALKERS AND ORTHOSES 59
6.4.1 INCREASING INCIDENCE OF FOOT INJURIES IS DRIVING MARKET GROWTH 59
6.4.1.1 Foot walkers and orthoses market, by type 60
6.4.1.2 Foot walkers and orthoses market, by application 61
6.4.1.3 Foot walkers and orthoses market, by distribution channel 61
6.5 BACK, HIP, & SPINE BRACES AND SUPPORTS 62
6.5.1.1 Back, hip and spine braces and supports market, by type 63
6.5.1.2 Back, hip and spine braces and supports market, by application 63
6.5.1.3 Back, hip and spine braces and supports market, by distribution channel 64
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6.5.2 LOWER SPINE BRACES & SUPPORTS 64
6.5.2.1 Favorable reimbursement scenario and increasing patient base will ensure sustained demand for market offerings 64
6.5.2.1.1 Lower spine braces and supports market, by type 65
6.5.2.1.2 Lower spine braces and supports market, by application 66
6.5.2.1.3 Lower spine braces and supports market, by distribution channel 66
6.5.3 NECK AND CERVICAL BRACES AND SUPPORTS 67
6.5.3.1 Growing product demand is linked to rising participation in extreme sports 67
6.5.3.1.1 Neck and cervical braces and supports market, by type 68
6.5.3.1.2 Neck and cervical braces and supports market, by application 68
6.5.3.1.3 Neck and cervical braces and supports market, by distribution channel 69
6.6 SHOULDER BRACES AND SUPPORTS 69
6.6.1 PRODUCT DEVELOPMENT AND COMMERCIALIZATION WILL FUEL MARKET GROWTH IN THIS SEGMENT 69
6.6.1.1 Shoulder braces and supports market, by type 70
6.6.1.2 Shoulder braces and supports market, by application 71
6.6.1.3 Shoulder braces and supports market, by distribution channel 71
6.7 ELBOW BRACES AND SUPPORTS 72
6.7.1 LIMITATIONS AND PREFERENCE FOR SURGERIES AND MEDICATIONS HAVE RESTRAINED DEMAND FOR ELBOW BRACES & SUPPORTS 72
6.7.1.1 Elbow braces and supports market, by type 73
6.7.1.2 Elbow braces and supports market, by application 73
6.7.1.3 Elbow braces and supports market, by distribution channel 74
6.8 HAND & WRIST BRACES AND SUPPORTS 74
6.8.1 INCREASING NUMBER OF ROAD ACCIDENT & SPORTS INJURIES ARE CONTRIBUTING TO MARKET GROWTH 74
6.8.1.1 Hand & wrist braces and supports market, by type 75
6.8.1.2 Hand & wrist braces and supports market, by application 76
6.8.1.3 Hand & wrist braces and supports market, by distribution channel 76
6.9 FACIAL BRACES AND SUPPORTS 77
6.9.1 LACK OF CREDIBLE EVIDENCE ON THERAPEUTIC EFFICIENCY HAS RESTRAINED MARKET GROWTH 77
6.9.1.1 Facial braces and supports market, by type 78
6.9.1.2 Facial braces and supports market, by application 78
6.9.1.3 Facial braces and supports market, by distribution channel 79
7 OTC ORTHOPEDIC BRACES AND SUPPORTS MARKET, BY TYPE 80
7.1 INTRODUCTION 81
7.2 SOFT & ELASTIC BRACES AND SUPPORTS 82
7.2.1 ADVANTAGES OF SOFT & ELASTIC BRACES AND SUPPORTS HAVE FUELED THEIR ADOPTION OVER OTHER PRODUCT TYPES 82
7.3 HARD & RIGID BRACES AND SUPPORTS 83
7.3.1 RISING PREVALENCE OF TARGET DISEASES SUPPORTING MARKET GROWTH 83
7.4 HINGED BRACES AND SUPPORTS 84
7.4.1 RISING GERIATRIC POPULATION AND INCREASING NUMBER OF KNEE INJURIES TO SUPPORT MARKET GROWTH 84
8 OTC BRACES AND SUPPORTS MARKET, BY APPLICATION 85
8.1 INTRODUCTION 86
8.2 LIGAMENT INJURY REPAIR 86
8.2.1 ANTERIOR CRUCIATE LIGAMENT INJURIES 88
8.2.1.1 Rising participation in sports such as football, basketball, and skiing to increase the incidence of ACL injuries 88
8.2.2 LATERAL COLLATERAL LIGAMENT INJURY 88
8.2.2.1 Limited clinical evidence to support the therapeutic efficacy of knee braces in LCL treatment to subdue market growth 88
8.2.3 OTHER LIGAMENT INJURIES 89
8.3 PREVENTIVE CARE 90
8.3.1 AVAILABILITY OF CREDIBLE CLINICAL EVIDENCE TO SUPPORT THE CLINICAL EFFICACY OF OTC BRACES AND SUPPORTS IN PREVENTIVE CARE TO SUPPORT MARKET GROWTH 90
8.4 POST-OPERATIVE REHABILITATION 91
8.4.1 INCREASING NUMBER OF ORTHOPEDIC RECONSTRUCTIVE SURGERIES TO SUPPORT MARKET GROWTH 91
8.5 OSTEOARTHRITIS 92
8.5.1 RISING PUBLIC AWARENESS ON THE SIDE-EFFECTS OF ORAL MEDICATIONS FOR PAIN MANAGEMENT HAS DRIVEN THE USE OF BRACES & SUPPORTS 92
8.6 COMPRESSION THERAPY 93
8.6.1 DEVELOPMENT OF TECHNOLOGICALLY ADVANCED COMPRESSION BRACES TO SUPPORT MARKET GROWTH 93
8.7 OTHER APPLICATIONS 94
8.7.1 DEARTH OF MEDICAL REIMBURSEMENTS FOR TARGET APPLICATIONS TO HAMPER MARKET GROWTH 94
9 OTC BRACES AND SUPPORTS MARKET, BY DISTRIBUTION CHANNEL 95
9.1 INTRODUCTION 96
9.2 PHARMACIES & RETAILERS 97
9.2.1 PHARMACIES & RETAILERS DOMINATE THE OTC BRACES AND SUPPORTS MARKET 97
9.3 E-COMMERCE PLATFORMS 98
9.3.1 E-COMMERCE IS FAST EMERGING AS A MAJOR DISTRIBUTION CHANNEL FOR VARIOUS ORTHOPEDIC BRACING & SUPPORT PRODUCTS 98
9.4 ORTHOPEDIC CLINICS 99
9.4.1 RISING NUMBER OF AMBULATORY CARE UNITS ACROSS MATURE MARKETS IS SUPPORTING THE GROWTH OF THIS SEGMENT 99
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10 OTC BRACES AND SUPPORTS MARKET, BY REGION 100
10.1 INTRODUCTION 101
10.2 NORTH AMERICA 102
10.2.1 US 106
10.2.1.1 Increasing number of sports-related injuries and strong presence of market players driving the US market 106
10.2.2 CANADA 107
10.2.2.1 Rising incidences of bone-related degenerative diseases to drive the demand for orthopedic braces & supports in Canada 107
10.3 EUROPE 109
10.3.1 GERMANY 113
10.3.1.1 Favorable outlook in Germany has supported product commercialization 113
10.3.2 UK 114
10.3.2.1 Market growth in the UK is mainly driven by the increasing number of sports injuries 114
10.3.3 FRANCE 116
10.3.3.1 High obese and geriatric populations in France will drive demand for braces & supports 116
10.3.4 ITALY 117
10.3.4.1 Increasing public awareness about preventive care for musculoskeletal injuries to drive market growth 117
10.3.5 SPAIN 119
10.3.5.1 Increasing market availability of orthopedic braces and supports to drive the market growth 119
10.3.6 REST OF EUROPE 120
10.4 ASIA PACIFIC 122
10.4.1 JAPAN 126
10.4.1.1 Japan dominates the APAC OTC braces and supports market 126
10.4.2 CHINA 128
10.4.2.1 Expansion in target patient population and modernization of healthcare facilities to drive the market growth 128
10.4.3 INDIA 129
10.4.3.1 Growing number of hip & knee surgeries to support market growth 129
10.4.4 REST OF ASIA PACIFIC 131
10.5 LATIN AMERICA 132
10.5.1 BRAZIL 136
10.5.1.1 Increasing incidence of hip fractures driving market growth 136
10.5.2 MEXICO 137
10.5.2.1 Rising orthopedic degenerative diseases to support market growth 137
10.5.3 REST OF LATIN AMERICA 138
10.6 MIDDLE EAST & AFRICA 140
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11 COMPETITIVE LANDSCAPE 144
11.1 OVERVIEW 144
11.2 MARKET SHARE ANALYSIS 145
11.3 COMPETITIVE SCENARIO 146
11.3.1 KEY PRODUCT LAUNCHES 146
11.3.2 KEY EXPANSIONS 147
11.3.3 KEY MERGERS AND ACQUISITIONS 147
11.3.4 KEY PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS 148
11.4 COMPETITIVE LEADERSHIP MAPPING 148
11.4.1 VENDOR INCLUSION CRITERIA 148
11.4.1.1 Visionary leaders 149
11.4.1.2 Innovators 149
11.4.1.3 Dynamic differentiators 149
11.4.1.4 Emerging companies 149
12 COMPANY PROFILES 152
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
12.1 3M COMPANY 152
12.2 ALCARE CO., LTD. 157
12.3 BAUERFEIND AG 158
12.4 BIRD AND CRONIN, INC. (A PART OF DYNATRONICS CORPORATION) 162
12.5 BREG, INC. 170
12.6 BSN MEDICAL (A PART OF SVENSKA CELLULOSA AKTIEBOLAGET) 180
12.7 DJO FINANCE LLC (A SUBSIDIARY OF COLFAX CORPORATION) 186
12.8 DEROYAL INDUSTRIES, INC. 202
12.9 MEDI GMBH & CO. KG 212
12.10 OSSUR HF 217
12.11 OTTOBOCK HEALTHCARE (A PART OF OTTOBOCK GROUP SCANDINAVIA) 224
12.12 REMINGTON PRODUCTS COMPANY 233
12.13 THUASNE GROUP 235
12.14 TRULIFE 244
12.15 ZIMMER BIOMET HOLDINGS, INC. 246
*Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
13 APPENDIX 249
13.1 DISCUSSION GUIDE 249
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 263
13.3 AVAILABLE CUSTOMIZATIONS 265
13.4 RELATED REPORTS 266
13.5 AUTHOR DETAILS 267