The size of the OTC Orthopedic Braces Market in North America was valued at USD 350 Million in 2020 and predicted to grow at a CAGR of 5.1%, to reach USD 440 Million by 2025.
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.
By Product:
By Indication:
By Country:
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.
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 United States
6.3 Canada
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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