OTC Braces and Support Market by Product (Ankle Braces & Supports, Knee Braces & Supports and Others), Type, Distribution Channel, Application and Geography - Global Industry Analysis, Opportunities and Forecast up to 2026

The global OTC braces and support market size was valued at $541.16 million in 2020, and is projected to reach $812.13 million by 2026, growing at a CAGR of 7.0% during the forecast period.

• The OTC braces and support market is expected to witness significant growth in the future due to increasing prevalence of orthopedic diseases and disorders and greater product affordability and market availability.

• Additionally, the incidence of orthopedic diseases and disorders is expected to increase further in the coming years with the increasing prevalence of obesity and related lifestyle disorders, as obese individuals are at a higher risk of orthopedic & musculoskeletal injuries as well as diabetes.

• However, limited patient qualification for bracing-mediated orthopedic treatment and significant adoption of pain medications are negatively impacting the market growth.

OTC braces and supports are used in the field of orthopaedics to address ailments caused by age, such as osteoarthritis, traumatic injuries, and sports injuries. Furthermore, OTC braces and supports help users walk more comfortably while also reducing pain, assisting with limb movement, and reducing swelling and inflammation. Above all, they allow people to work and move about autonomously. Furthermore, it is utilized to treat a wide range of medical ailments and is meant to provide varying levels of support or protection.

By Product, the Knee Braces & Supports Segment Emerge as the Dominant Segment

The knee braces & supports segment is growing its prominence during the forecast period. Knee braces are used to treat problems such anterior cruciate ligament (ACL) rupture, sprained medial knee ligament, patella tendonitis, torn knee cartilage, posterior cruciate ligament (PCL) rupture, knee arthritis, and runner's knee after surgery. The benefits of these products, including as medial and lateral support, reduced rotation of the knee, limited injury during motion, and protection against the post-surgical risk of injury, have contributed to the expansion of the knee braces and supports segment. Other factors driving the growth of knee braces and supports include favourable reimbursement scenarios for knee braces in developed countries, a growing geriatric and obese population (who are at a higher risk of developing osteoarthritis and other knee-related conditions), and an increasing number of sports injuries.

By Geography, North America Region Holds a Substantial Market Share

Because of its well-established healthcare infrastructure, favourable reimbursement and insurance coverage for major orthopaedic bracing procedures, and supportive government regulations for product commercialization, North America accounted for a significant share of the OTC braces and supports market and is expected to maintain its dominance during the forecast period.

List of the Key Players Profiled in the Market Include:

• 3M Company
• Alcare CO., LTD.
• Bauerfeind AG
• Becker Orthopedic
• Breg, Inc.
• BSN medical
• DeRoyal Industries, Inc.
• DJO Finance LLC
• KineMedics
• Medi GmbH & Co. KG
• Össur Hf
• Ottobock Holding GmbH & Co. KG
• Thuasne SA.
• Zimmer Biomet Holdings, Inc.

What Can be Explored with this Research Report:

• Understand the key trends that will drive the market, challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observed promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Product:
• Ankle Braces & Supports
• Knee Braces & Supports
• Facial Braces & Supports
• Upper Extremity Braces & Supports
• Back, Hip and Spine Braces & Supports
• Shoulder Braces and Supports
• Elbow Braces and Supports
• Hand & Wrist Braces and Supports
• Foot Walkers and Orthoses
   
Market by, Type:
• Soft & Elastic Braces And Supports
• Hard Braces & Supports
• Hinged Braces & Supports

Market by, Distribution Channel:
• Pharmacies & Retailers
• Hospitals & Surgical Centers
• E-Commerce Platforms
• Orthopedic Clinics
• Other Distribution Channels
   
Market by, Application:
• Ligament Injury Repair
• Osteoarthritis
• Post-Operative Rehabilitation
• Preventive Care
• Compression Therapy
• Other Applications

Market by, Geography:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Table Of Content

1 Market Overview           
    1.1 Introduction       
    1.2 Research Objectives      
    1.3 Market Segmentation      
    1.4 Stakeholders        
    1.5 List of Acronyms       
             
2 Executive Summary           
             
3 Research Methodology          
    3.1 Identification of Data      
    3.2 Evaluation of Market Dynamics     
    3.3 Collaboration of Data      
    3.4 Verification and Analysis      
    3.5 Data Sources       
    3.6 Assumptions       
             
4 Market Dynamics           
    4.1 Market Drivers       
            4.1.1 Greater Product Affordability and Market Availability
            4.1.2 Increasing Prevalence of Orthopedic Diseases and Disorders
    4.2 Market Restraints       
            4.2.1 Limited Patient Qualification for Bracing-Mediated Orthopedic Treatment
    4.3 Market Opportunities      
            4.3.1 Increased Sales of Off-the-Shelf and Online Products
    4.4 Market Challenges       
            4.4.1 Significant Adoption of Pain Medications
    4.5 Impact of COVID-19 on OTC Braces and Support Market   
             
5 Porter's Five Force Analysis          
    5.1 Bargaining Power of Suppliers      
    5.2 Bargaining Power of Buyers      
    5.3 Threat of New Entrants      
    5.4 Threat of Substitutes      
    5.5 Competitive Rivalry in the Market     
             
6 Global OTC Braces and Support Market by, Product        
    6.1 Overview       
    6.2 Ankle Braces & Supports      
    6.3 Knee Braces & Supports      
    6.4 Facial Braces & Supports      
    6.5 Upper Extremity Braces & Supports     
    6.6 Back, Hip and Spine Braces & Supports     
    6.7 Shoulder Braces and Supports      
    6.8 Elbow Braces and Supports      
    6.9 Hand & Wrist Braces and Supports     
    6.10 Foot Walkers and Orthoses      
             
7 Global OTC Braces and Support Market by, Type         
    7.1 Overview       
    7.2 Soft & Elastic Braces And Supports     
    7.3 Hard Braces & Supports      
    7.4 Hinged Braces & Supports      
             
8 Global OTC Braces and Support Market by, Distribution Channel      
    8.1 Overview       
    8.2 Pharmacies & Retailers      
    8.3 Hospitals & Surgical Centers      
    8.4 E-Commerce Platforms      
    8.5 Orthopedic Clinics       
    8.6 Other Distribution Channels      
             
9 Global OTC Braces and Support Market by, Application       
    9.1 Overview       
    9.2 Ligament Injury Repair      
            9.2.1 Anterior Cruciate Ligament Injuries
            9.2.2 Lateral Collateral Ligament
            9.2.3 Other Ligament Injury Repairs
    9.3 Osteoarthritis       
    9.4 Post-Operative Rehabilitation      
    9.5 Preventive Care       
    9.6 Compression Therapy      
    9.7 Other Applications       
             
10 Global OTC Braces and Support Market by, Geography       
    10.1 Overview       
    10.2 North America       
    10.3 Europe        
    10.4 Asia Pacific       
    10.5 South America       
    10.6 Middle East & Africa      
             
11 Key Developments           
             
12 Company Profiling            
    12.1 3M Company        
            12.1.1 Business Overview
            12.1.2 Product/Service Offering
            12.1.3 Financial Overview
            12.1.4 SWOT Analysis
            12.1.5 Key Activities
    12.2 Alcare CO., LTD.        
    12.3 Bauerfeind AG       
    12.4 Becker Orthopedic       
    12.5 Breg, Inc.        
    12.6 BSN medical       
    12.7 DeRoyal Industries, Inc.      
    12.8 DJO Finance LLC       
    12.9 KineMedics       
    12.10 Medi GmbH & Co. KG       
    12.11 Össur Hf        
    12.12 Ottobock Holding GmbH & Co. KG     
    12.13 Thuasne SA.       
    12.14 Zimmer Biomet Holdings, Inc.