The size of the Latin American OTC Orthopedic Braces market was valued at USD 93.87 Million in 2022 at a CAGR of 4.3%, to reach USD 115.86 Million by 2027.
Orthopedic braces are the medical aids that support the joints of the human body. The braces are used on the knee, hip, ankle, back, neck, elbow, fingers, and wrist. Orthopedic braces check the position of limbs and trigger a particular movement in the human body. Also, the braces make up for muscles that have less strength and also correct the structural faults. Orthopedic braces assist in detecting cerebral palsy, spina bifida, and treating the symptoms of a stroke. Braces are also used for getting more support to the joints and avoid injuries. Athletes specifically wear braces for shock absorbance and to avoid injuries. The market shows high growth potential in the mentioned period and is also expected to grow in the future years with the recent developments in the medical sector.
The growing population, increasing awareness about orthopedic braces, developing research and technology in the medical sector, growing number of bone-degenerative disorders, and stabilizing the economy are the factors that drive the growth of the Latin America OTC Orthopedic Braces market.
However, patients preferring alternative treatment methods, the uncertainty of reimbursement, below expectations efficiency of orthopedic braces, and no customization offerings for OTC orthopedic braces are the major restraining factors for Latin America OTC orthopedic brace market.
This research report on the Latin American OTC Orthopedic Braces Market has been segmented and sub-segmented into the following categories.
By Product:
By Indication:
By Country:
This region has many emerging economies and is undergoing a lot of development in the medical sector. Thus, the growth potential for this market is substantial during the forecast period.
Companies leading the Latin America 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.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product
5.1.1 Introduction
5.1.2 Lower Extremity Braces
5.1.3 Knee Braces
5.1.4 Foot & Ankle Braces
5.1.5 Upper Extremity Braces
5.1.6 Shoulder Braces
5.1.7 Elbow Braces
5.1.8 Back & Hip Braces
5.1.9 Wrist Braces
5.1.10 Other Braces
5.1.11 Y-o-Y Growth Analysis, By Product
5.1.12 Market Attractiveness Analysis, By Product
5.1.13 Market Share Analysis, By Product
5.2 Indication
5.2.1 Introduction
5.2.2 Prophylactic
5.2.3 Injury
5.2.4 Osteoarthrities
5.2.5 Other Indication
5.2.5 Y-o-Y Growth Analysis, By Indication
5.2.6 Market Attractiveness Analysis, By Indication
5.2.7 Market Share Analysis, By Indication
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product
6.1.3.3 By Indication
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product
6.1.4.3 By Indication
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product
6.1.5.3 By Indication
6.2 Brazil
6.3 Mexico
6.4 Rest of Latin America
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 DJO Finance LLC
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 DeRoyal Industries Inc.
8.3 Breg, Inc.
8.4 Bauerfeind AG
8.5 BSN Medical
8.6 Otto Bock HealthCare
8.7 Thuasne Group
8.8 3M Company
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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