The size of the OTC Orthopedic Braces Market in North America was valued at USD 367.85 Million in 2022 and predicted to grow at a CAGR of 5.1%, to reach USD 471.72 Million by 2027.
Orthopedic braces are the medical aids that support the joints of the human body. The braces are worn on the knee, hip, ankle, back, neck, elbow, fingers, and wrist. Orthopedic braces monitor the position of limbs and start a specific movement in the body. Also, the braces compensate for muscles that have low strength and also rectify the structural faults. Orthopedic braces are used for the detection of cerebral palsy, spina bifida, and to treat the effects caused after stroke. Braces are also worn for getting additional support and avoid injuries on the joints. Athletes specifically wear braces for shock absorbance and to avoid injuries. The market is showing high growth potential in the mentioned period. It will continue to gain momentum with the recent developments in the medical sector.
The developing research and technology in the medical sector, rising prevalence of bone-degenerative disorders, increasing disposable income, the growing trend of practicing sports, are the factors that drive the growth of the North America OTC Orthopedic Braces market.
However, growing preference for alternative treatments, uncertainty in reimbursement scenarios, less than expected efficiency of orthopedic braces and no customization offered for OTC orthopedic braces are the key constraints for North America OTC orthopedic brace market.
This research report on the North America OTC Orthopedic Braces Market has been segmented and sub-segmented into the following categories.
Regionally, this region held the highest share in the Global OTC Orthopedic Braces Market and is expected to show significant growth during the forecast period.
Some of the promising companies leading the North 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.
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