OTC Braces and Supports Market Size, Share, Trends, Opportunities, Analysis, Forecast 2032

OTC Braces and Supports Market: Industry Prospective

The Global OTC Braces and Supports Market Size was valued at $981.8 Million in 2023 and is expected to be valued at $1,566.20 Million in 2032 at a CAGR of 5.5%.

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OTC Braces and Supports Market Overview

The report covers estimation and analysis of OTC braces and supports market on a global as well as regional level. The study provides an in-depth evaluation of the market completion, business rivalry, opportunities, trends, and industry-validated market data. The report also gives historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion).

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OTC Braces and Supports Market Growth Dynamics

Growing incidences of orthopedic disorders, increase in the public awareness pertaining to preventive care, and surge in the cases of accident & injuries in sports will boost the growth of the OTC braces and supports industry over the upcoming years. Apart from this, rise in the cases of osteoporosis will boost the product sales in the near future. Furthermore, the easy availability of the products through online retail stores will boost the business growth over the forecast period.  However, high product costs and rapidly changing compensation policies will inhibit the business growth over the forecast timeframe.

COVID-19 OTC Braces and Supports Market: Report Scope

OTC Braces and Supports Market: Segmentation Analysis

Application-wise, the market is segmented into Preventive Care, Ligament Injury Repair, Post-Operative Rehabilitation, Compression Therapy, Osteoarthritis, and Other Applications.

Based on the Product, the OTC braces and supports market is divided into Ankle Braces & Supports, Foot Walkers & Orthoses, Hip, Back, & Spine Braces and Supports, Knee Braces & Supports, Shoulder Braces & Supports, Elbow Braces & Supports, Hand & Wrist Braces and Supports, and Facial Braces & Supports. Apparently, knee braces & supports segment is slated to register highest gains over the forecast period due to rise in the aging population prone to suffer from osteoarthritis & other knee-related disorders.

On the basis of Type, the OTC braces and supports industry is segregated into Soft & Elastic Braces and Supports, Hinged Braces & Supports, and Hard & Rigid Braces and Supports. Additionally, Soft & elastic braces and supports segment is anticipated to account for the major market share over the forecast timespan. The growth is attributed to the beneficial product features like flexibility and offering facility of unrestrained mobility for the patients.

Based on the Distribution Channel, the market is divided into Pharmacies, Clinics, and E-Commerce. Moreover, pharmacies segment is anticipated to contribute majorly towards the overall market share with large number of pharmacies providing orthopedic bracing and support items for purpose of post-operative rehabilitation, fracture recovery physiotherapy, and preventive care. 

Some of the leading players in the global market include

• DJO Finance LLC
• Breg Inc.
• DeRoyal Industries Inc.
• Össur Hf
• Bauerfeind AG 
• 3M Company
• Essity AB
• Ossur Hf.
• Ottobock SE & Co. KGaA
• Nippon Seiki Co., Ltd.
• Zimmer Biomet Holdings, Inc.
• Becker Orthopedic

The report segments global OTC braces & supports market as follows:

By Product Segment Analysis

• Ankle Braces and Supports
• Foot Walkers and Orthoses
• Hip, Back, & Spine Braces and Supports
• Knee Braces and Supports
• Shoulder Braces and Supports
• Elbow Braces and Supports
• Hand & Wrist Braces and Supports
• Facial Braces and Supports

By Type Segment Analysis

• Soft & Elastic Braces and Supports
• Hinged Braces and Supports
• Hard & Rigid Braces and Supports

By Application Segment Analysis

• Preventive Care
• Ligament Injury Repair
• Post-operative Rehabilitation
• Osteoarthritis
• Compression Therapy
• Others

By Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa