Dublin – Research and Markets has announced the addition of the “OTC Orthopedic Braces – Global Forecast to 2021” report to their offering.
The global OTC orthopedic braces market is projected to grow at a CAGR of 4.8% from 2016 to 2021, to reach USD 1.33 billion by 2021.
Growth in the global OTC orthopedic braces market is mainly driven the growing demand for orthopedic braces among the geriatric population, rising incidences of bone-degenerative diseases, increasing global burden for obesity, ongoing commercialization of orthopedic bracing and support products, affordability and easy availability of OTC orthopedic braces (as compared to prescription-based products), rising public participation in sports, easy accessibility of OTC orthopedic braces and supports through e-commerce websites, and adoption of orthopedic braces for preventive care.
In addition, the rising incidences of orthopedic injuries in the youth, noninvasive nature of treatment with orthopedic braces and supports, and reduced reimbursements offered for orthopedic surgery in developed nations are expected to offer growth opportunities for players in the OTC orthopedic braces market.
Geographically, North America is estimated to command the largest share of the global OTC orthopedic braces market in 2016, followed by Europe. The large share of the North American region can be attributed to the rising geriatric population, increasing incidence of osteoporosis and osteoarthritis, growing obese population, rising number of injuries due to road accidents, and active participation of the population in sporting activities. However, limited medical reimbursements and availability of innovative alternative treatment options in the North American region are negatively affecting the growth of the OTC orthopedic braces market in this region.
Companies Mentioned:
– BSN Medical
– Bauerfeind AG
– Breg, Inc.
– DJO Finance LLC
– Deroyal Industries, Inc.
– Medi GmbH & Co. Kg
– OTTO Bock Healthcare
– Thuasne Group
– ?ssur HF
– 3M Company
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Orthopedic Braces Market, By Product
7 Orthopedic Braces Market, By Indication
8 Orthopedic Braces Market, By Region
9 Competitive Landscape
10 Company Profiles
11 Appendix
For more information about this report visit http://www.researchandmarkets.com/research/qmcpcq/otc_orthopedic