The size of the OTC Orthopedic Braces Market in Europe was valued at USD 336.48 Million in 2022 and this market is estimated to be growing at a CAGR of 5.15%, to reach USD 432.52 million by 2027.
Orthopedic braces, also known as orthopedic splints, provide the joints with protection, stabilization, and correction of injuries or abnormal structure of bones. They have a wide range of applications including injury rehabilitation, prevention, and more. The braces are also designed in a way to compensate for muscles that have little or no strength in them. They also provide corrections in the structural anomalies and help the doctors to detect cerebral palsy, spina bifida, as well as to treat the symptoms of a stroke. The market is showcasing evident growth potential in the mentioned forecasting period and is also predicted to grow in the future years because of the developments in the medical sector.
Increasing the geriatric population, developing research activities, advancement in technology, rising disposable income and growing awareness of the public regarding different treatment options for orthopedic conditions are propelling the growth of the OTC orthopedic braces market in the Europe region.
However, high cost, insufficient reimbursement scenarios and growing preference towards other treatment alternatives are the factors that prove as major constraints for this market.
This research report on the Europe OTC Orthopedic Braces Market has been segmented and sub-segmented into the following categories.
Regionally, the countries of Europe are highly developed in the medical sector and hence prove to be a major hot spot for the growth of OTC Orthopedic Braces in this region.
Notable companies in the Europe OTC Orthopedic Braces Market are DJO Finance LLC, DeRoyal Industries Inc., Breg, Inc., Bauerfeind AG, BSN Medical, Otto Bock HealthCare, Medi GmbH & Co. KG, Thuasne Group, and 3M Company.
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