OTC Braces & Support are the devices which are taken over the counter to adjust irregular patterns of teeth. These are available in multiple sizes. Global OTC braces & support market was valued at $1.24 billion in 2017 and expected to reach $1.54 billion by 2025 with a CAGR of 5.34% during the forecast period from 2019-2025. The factors like the development of specialised OTC orthopaedic braces and support products are profiting the market growth. The factors like limited options to customise and reimbursement coverage for OTC orthopaedic braces & supports are hampering the market growth. Product promotion and branding initiatives were undertaken by major product manufacturers are creating the opportunities for market growth.
Research Study Objectives:
- Define, estimate, and forecast the OTC Braces & Support market statistics by sales channel, product, application and regions concerning the individual growth drivers, market trends and their contribution toward the OTC Braces & Support market growth
- Provides comprehensive information regarding the key factors influencing the market growth (Drivers, Restraints & Challenges, and Opportunities)
- Estimate & forecast the market size of all the segments concerning geographies including North America, Europe, Asia Pacific (APAC), South America and the Middle East and Africa (MEA).
- Recent competitive developments including M&A (Mergers and Acquisitions), Partnerships, and Product Innovations are provided in the OTC Braces & Support Market Analysis report.
- Analysis and conclusions on the future OTC Braces & Support market outlook.
Top-down and bottom-up approaches are used to validate the OTC Braces & Support Market Size and are used to estimate the size of other dependent submarkets. Key players in the market are identified through various secondary sources; databases including Bloomberg Businessweek, Hoovers, Factiva, journals and associations and the market revenues are estimated and are thoroughly validated through primary and secondary research. Secondary
research involves the study of annual and financial reports of top players in the market, whereas primary research includes extensive interviews with the KoL’s such as CEOs, directors, board members, VP’s, sales managers, engineers, marketing executives, technicians, account managers, investors, strategic decision makers and others. The OTC Braces & Support Market shares and breakdowns are determined using secondary sources and are verified by the primary sources. All possible parameters/factors that are affecting the OTC Braces & Support market demand are covered in the research study are verified through primary research, analysed and interpreted to get the final qualitative and quantitative data. This data is collected and added with detailed analysis from Envision Inteligence and presented in this report.
The scope of the Report
The OTC Braces & Support market segmentation is as follows:
By Sales Channel
- Hospitals & Orthopedic Clinics
- Pharmacies & Retailers
- E-Commerce Platforms
- Other
By Product
- OTC Lower Extremity Orthopedic Braces & Supports
- Elbow Races & Supports
- Shoulder Braces & Supports
- Hand and Wrist Braces & Supports
- Back, Hip, & Spine Braces & Supports
- Lower Spine Braces & Supports
- Neck and Cervical Braces & Supports
- OTC Upper Extremity Orthopedic Braces & Supports
- Ankle Braces & Supports
- Knee Braces & Supports
- Foot Walkers & Orthoses
- Others
By Application
- Osteoarthritis
- Cold Bracing
- Post-Operative Rehabilitation
- Ligament Injury
- Preventive Care
- Others
Geographical Analysis:
OTC Braces & Support Market is segmented by geography into North America, South America, Europe, APAC and Middle East & Africa. U.S., Canada, Mexico and Costa Rica are analysed under North American region which is usually turning as the hotspot in the market. The South American region is further segregated into Brazil, Argentina, Chile, Columbia and some other emerging economies. In Europe, the market is extensively examined by covering U.K., Germany, France, Italy, Spain, Netherlands, Poland, Switzerland and some other promising economies. APAC is further categorised by countries into China, India, Japan, South Korea, Australia
& New Zealand, Malaysia, Singapore and many other emerging nations. In the Middle East & African region, Saudi Arabia, UAE, Iran, Iraq, Qatar, South Africa, Algeria, Morocco, Nigeria and so on countries are evaluated to understand the market growth lucidly.
Customization Options:
With the given research report, Envision Inteligence offers customisations as per the client’s specific requirements. The following customisation options offered for the OTC Braces & Support Market include:
- Scope Revision
- Geographic Analysis
- Company Profiles
- Historical Data & Forecasting
- Key Contact Persons in companies
Global OTC Braces & Support Market Research Report Includes:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have a complete market analysis through industry value chain analysis, Porter’s Five Force Model, PESTLE, SWOTanalysis, and Y-o-Y analysis.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
- Identifying DROC in the current market and their impact on altering market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the significant OTC Braces & Support market players, such as
- DJO Incorporated
- DeRoyal, Inc.
- Remington Products Company, LLC.
- Zimmer Biomet Holdings, Inc.
- Trulife Group, Ltd.
- Along with these companies, many other companies are considered in the report while analysing the Global OTC Braces & Support competitive strategies and environment. These companies held substantial share-owning to the nature of the industry whereas, the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players also have considerable presence owing to its robust brand image, geographical reach and stable customer base.
