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OTC Braces Market 2022: Comprehensive Study by Key Players – 3M, ALCARE, DJO, Henry Schein | Foreseen Till 2029

The Global OTC Braces Market to witness a growth rate of 7.10% in the forecasted period of 2022 to 2029, with the market expected to reach a capitalization of USD 7473.6 Million.

To get success in this competitive market place, businesses consider taking up innovative solutions and market research report is one of them. Objectivity has been kept at the centre while obtaining the best result via global OTC Braces Market report for Healthcare industry. The numerical data brought together to produce this report is mostly signified with the graphs, tables and charts which make this report more user-friendly. All the actions regarding market insights also have an effect on the sales, import, export, revenue and CAGR values. The leading OTC Braces report is also wide-ranging which includes market definition, classifications, applications, engagements, market drivers and market restraints that are obtained with the help of SWOT analysis.

OTC Braces Market report offers scrupulous investigation of current scenario of the global market, which considers numerous market dynamics. This report gives accurate information about market trends, industrial changes, and consumer behaviour etc. This market document includes data on patterns and improvements, target business sectors and materials, limits and advancements. Moreover, this market report gives idea to clients about the market drivers and restraints with the help of SWOT analysis and also provides all the CAGR projections for the historic year 2020, base year 2021 and forecast period of 2022-2029.

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According to the market report analysis, OTC Braces are orthopedic products available over-the-counter on various distribution channels without any requirement of prescription or healthcare expertise for its usage. These braces are developed to provide high levels of support and applicable functionality to the individual without requiring any healthcare expertise so that they can purchase and implement these products with utmost ease and comfort.

The most significant key factors driving the growth of the Global OTC Braces Market are increasing levels of initiatives and awareness programs established by the authorities and market players to spread awareness and ensure that the required products are easily available in an affordable manner.

The Global OTC Braces Market is segmented on the basis of Product, Indication, Type, Application, and End-user.

  • Based on the Product, the OTC braces market is segmented into knee braces, ankle braces, foot walkers & orthoses, back, hip & spine braces, shoulder braces, elbow braces, hand & wrist braces and facial braces.
  • Based on the Indication, the OTC braces market is segmented into osteoarthritis, injury, prophylactic and others
  • Based on the Type, the OTC braces market is segmented into soft & elastic braces, hard & rigid braces and hinged braces.
  • Based on the Application, the OTC braces market is segmented as ligament injury repair, preventive care, post-operative rehabilitation, osteoarthritis, compression therapy and others.
  • Based on the End-User, the OTC braces market is segmented into hospitals, home healthcare and others.

In terms of the geographic analysis, North America will hold the dominant share of OTC braces market in the forecasted period of 2020 to 2029. This position of the region is expected to be caused by the various supportive regulations implemented by the government for commercialization and development of products amid high prevalence of musculoskeletal disorders as well as significantly high-volume of sports-related injuries.

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Global OTC Braces Market Objectives:

1 To provide detailed information regarding key factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the OTC Braces Market

2 To analyze and forecast the size of the OTC Braces Market, in terms of value and volume

3 To analyze opportunities in the OTC Braces Market for stakeholders and provide a competitive landscape of the market

4 To define, segment, and estimate the OTC Braces Market based on deposit type and end-use industry

5 To strategically profile key players and comprehensively analyze their market shares and core competencies

6 To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the total market

7 To forecast the size of market segments, in terms of value, with respect to main regions, namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America

8 To track and analyze competitive developments, such as new product developments, acquisitions, expansions, partnerships, and collaborations in the OTC Braces Market

Top Leading Key Manufacturers are: 3M, ALCARE Co., Ltd., Bauerfeind, Bird & Cronin LLC, DJO LLC, Breg, Inc., BSN medical, Henry Schein, Inc., DeRoyal Industries, Inc., medi Deutschland, Össur Corporate, Ottobock, Remington Products, TRULIFE, Zimmer Biomet, THUASNE SA, OPPO MEDICAL INC., McDavid and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.

Region segment: This report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of OTC Braces in these regions, from 2013 to 2029 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America

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Global OTC Braces Market: Table of Contents

1 Report Overview 2022-2029

2 Global Growth Trends 2022-2029

3 Competition Landscape by Key Players

4 Global OTC Braces Market Analysis by Regions

5 Global OTC Braces Market Analysis by Type

6 Global OTC Braces Market Analysis by Applications

7 Global OTC Braces Market Analysis by End-User

8 Key Companies Profiled

9 Global OTC Braces Market Manufacturers Cost Analysis

10 Marketing Channel, Distributors, and Customers

11 Market Dynamics

12 Global OTC Braces Market Forecasts 2022-2029

13 Research Findings and Conclusion

14 Methodology and Data Source

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Last Updated: 04-Mar-2022