North America OTC Braces And Support Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Knee Braces and Support, Back Hip and Spine Braces and Support, Lower Spine Braces and Support, Neck and Cervical Braces and Support, Shoulder Braces and Support, Elbow Braces and Support, Hand and Wrist Braces and Support, & Facial Braces and Support), Type (Soft and Elastic Braces and Support, Hard and Rigid Braces and Support, & Hinged Braces and Support), Application (Ligament Injury Repair, Preventive Care, Osteoarthritis, Compression Therapy, & Other Applications), and End User (Hospitals, Ambulatory Surgical Centers, Specialty Clinics, and Others)
Market Introduction
Orthopedic braces are medical devices used to treat musculoskeletal injuries. Braces are used to align correctly, position, stabilize, support, and protect the parts of the body (joints, muscles, and bones) as they heal from the orthopedic injury or trauma. During the process of rehabilitation and recovery, most of the medical practitioners prescribe braces.
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Market Overview and Dynamics
The North America OTC braces and support market is expected to reach US$ 802.90 million by 2028 from US$ 531.18 million in 2021; it is estimated to register a CAGR of 6.1% from 2021 to 2028. The growth of the market is attributed to rising chronic conditions and increasing geriatric population. However, the availability of alternative therapies is restraining the market growth.
An increasing number of sports injuries among players and athletes is driving the growth of the OTC braces and support market. According to the estimates of a study published by Stanford Children’s Health in 2020, 30 million children and teenagers participate in sports annually in the US, and ~3.5 million injuries are reported in these organized sports each year. Further, most common injuries observed among children and teenagers are sprains and strains. The increasing number of participations in sports leads to the surge in sports injuries among the participants. Furthermore, the number of joint and orthopedic diseases have been increasing leading to the requirement of OTC braces and support for joint pain and muscle ailment relief. As per the World Health Organization (WHO) factsheet updated in 2018, musculoskeletal conditions are the second-largest contributor to disabilities worldwide. Moreover, the prevalence and impact of these disorders are expected to rise with the increase in aging population and surge in the prevalence of risk factors of noncommunicable diseases (NCDs) worldwide. The OTC braces and support devices serve as primary therapy devices that are generally used by people of all ages without seeking a prescription from the physicians. Thus, the elevating number of people suffering from sports injuries and orthopedic diseases is contributing to the OTC braces and support market growth.
North America has been witnessing growing number of COVID-19 cases since its outbreak. As a result, health care systems are overburdened, and the delivery of medical care to all patients has become a challenge in the region. As the COVID-19 pandemic continues to unfold, medical device companies are finding difficulties in managing their operations. Many companies offering products for OTC braces and support have their business operations in the US and business are adversely being affected by the effects of a widespread outbreak of COVID-19. This has disrupted and restricted company’s ability to distribute products, as well as lead to temporary closures of company’s facilities. Also, to free-up limited space for people being treated for the virus, hospitals have postponed orthodontic procedures, or cancelled them. Cancelling elective surgeries to reduce exposure to COVID-19 in the hospital and operating rooms into intensive care units is also negatively affecting the growth of the OTC braces and support market.
Key Market Segments
The North America OTC braces and support market, based on product, is segmented into knee, back hip and spine, foot walkers and orthoses, neck and cervical, shoulder, elbow, hand and wrist, and facial. In 2020, the knee braces and support segment held the largest share of the market and is expected to grow at the highest CAGR during the forecast period.
The North America OTC braces and support market, based on type, is segmented into soft and elastic braces and support, hard and rigid braces and support, and hinged braces and support. In 2020, the soft and elastic braces and support segment held the largest share of the market and is expected to grow at the fastest rate during the coming years.
Based on application, the North America OTC braces and support market is segmented into ligament injury repair, osteoarthritis, preventive care, compression therapy, and other applications. The ligament injury repair segment held the largest share of the market in 2020 and is expected to grow at the highest CAGR during the forecast period.
Based on end user, the North America OTC braces and support market is segmented into hospitals, specialty clinics, ambulatory surgical centers, and others. The hospitals segment held the largest share of the market in 2020. However, the specialty clinics segment is estimated to register the highest CAGR during the forecast period.
Major Sources and Companies Listed
A few of the primary and secondary sources referred to while preparing the report on the North America OTC braces and support market are the Centers for Disease Control and Prevention (CDC), National Institutes of Health (NIH), and Arthroscopy Association of Canada (AAC).
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NORTH AMERICA OTC BRACES AND SUPPORT MARKET SEGMENTATION
By Product
- Knee Braces and Support
- Back Hip and Spine Braces and Support
- Foot Walkers and Orthoses
- Neck and Cervical Braces and Support
- Shoulder Braces and Support
- Elbow Braces and Support
- Hand and Wrist Braces and Support
- Facial Braces and Support
By Type
- Soft and Elastic Braces and Support
- Hard and Rigid Braces and Support
- Hinged Braces and Support
By Application
- Ligament Injury Repair
- Preventive Care
- Osteoarthritis
- Compression Therapy
- Other Applications
By End User
- Hospitals
- Ambulatory Surgical Centres
- Specialty Clinics
- Others
By Country
- US
- Canada
- Mexico
Company Profiles
- DJO Global, Inc.
- ORTHOFIX MEDICAL INC. (Breg, Inc.)
- Bauerfeind
- DeRoyal Industries, Inc.
- Becker Orthopedic
- OPPO Medical Inc.
- Zimmer Biomet
- OTTOBOCK
- 3M
- Bird and Cronin Inc.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America OTC Braces and Support Market – By Product
1.3.2 North America OTC Braces and Support Market – By Type
1.3.3 North America OTC Braces and Support Market – By Application
1.3.4 North America OTC Braces and Support Market – By End User
1.3.5 North America OTC Braces and Support Market– By Country
2. OTC Braces and Support Market– Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America OTC Braces and Support Market– Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.3 Expert Opinion
5. OTC Braces and Support Market– Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Elevating Number of Sports Injuries and Cases of Orthopedic Diseases
5.1.2 Increasing Awareness About Braces and Supports
5.2 Key Market Restraints
5.2.1 Availability of Alternate Therapies
5.3 Future Trends
5.3.1 Continuous Demand for Better Quality Products
5.4 Impact analysis
6. OTC Braces and Support Market–North America Analysis
6.1 North America OTC Braces and Support Market Revenue Forecast and Analysis
7. OTC Braces and Support Market Analysis– By Product
7.1 Overview
7.2 OTC Braces and Support Market, By Product 2020 & 2028 (%)
7.3 Knee Braces and Support
7.3.1 Overview
7.3.2 Knee Braces and Support: OTC Braces and Support Market Revenue and Forecasts To 2028 (US$ Mn)
7.4 Back, Hip and Spine Braces and Support
7.4.1 Overview
7.4.2 Back, Hip and Spine Braces and Support: OTC Braces and Support Market Revenue and Forecasts To 2028 (US$ Mn)
7.5 Foot Walkers & Orthoses
7.5.1 Overview
7.5.2 Foot Walkers & Orthoses: OTC Braces and Support Market Revenue and Forecasts To 2028 (US$ Mn)
7.6 Neck and Cervical
7.6.1 Overview
7.6.2 Neck and Cervical Braces and Support: OTC Braces and Support Market Revenue and Forecasts To 2028 (US$ Mn)
7.7 Shoulder Braces and Support
7.7.1 Overview
7.7.2 Shoulder Braces and Support: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)
7.8 Hand and Wrist Braces and Support
7.8.1 Overview
7.8.2 Hand and Wrist Braces and Support: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)
7.9 Elbow Braces and Support
7.9.1 Overview
7.9.2 Elbow Braces and Support: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)
7.10 Facial Braces and Support
7.10.1 Overview
7.10.2 Facial Braces and Support: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)
8. OTC Braces and Support Market Analysis– by Type
8.1 Overview
8.2 OTC Braces and Support Market, by Type 2020 & 2028 (%)
8.3 Soft and Elastic Braces and Support
8.3.1 Overview
8.3.2 Soft and Elastic Braces and Support: OTC Braces and Support Market Revenue and Forecasts To 2028 (US$ Mn)
8.4 Hard and Rigid Braces and Support
8.4.1 Overview
8.4.2 Hard and Rigid Braces and Support: OTC Braces and Support Market Revenue and Forecasts To 2028 (US$ Mn)
8.5 Hinged Braces and Support
8.5.1 Overview
8.5.2 Hinged Braces and Support: OTC Braces and Support Market Revenue and Forecasts To 2028 (US$ Mn)
9. OTC Braces and Support Market Analysis – By Application
9.1 Overview
9.2 OTC Braces and Support Market, by Application, 2020 & 2028(%)
9.3 Ligament Injury Repair
9.3.1 Overview
9.3.2 Ligament Injury Repair Market Revenue and Forecasts to 2028(US$ Mn)
9.4 Osteoarthritis
9.4.1 Overview
9.4.2 Osteoarthritis Market Revenue and Forecasts to 2028(US$ Mn)
9.5 Preventive Care
9.5.1 Overview
9.5.2 Preventative Care Market Revenue and Forecasts to 2028(US$ Mn)
9.6 Compression Therapy
9.6.1 Overview
9.6.2 Compression Therapy Market Revenue and Forecasts to 2028(US$ Mn)
9.7 Other Applications
9.7.1 Overview
9.7.2 Other Applications Market Revenue and Forecasts to 2028(US$ Mn)
10. OTC Braces and Support Market Analysis – By End User
10.1 Overview
10.2 OTC Braces and Support Market Share, by End User, 2020 and 2028, (%)
10.3 Hospitals
10.3.1 Overview
10.3.2 Hospitals: OTC Braces and Support Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Speciality Clinics
10.4.1 Overview
10.4.2 Speciality Clinics: OTC Braces and Support Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Ambulatory Surgical Centres
10.5.1 Overview
10.5.2 Ambulatory Surgical Centres: OTC Braces and Support Market – Revenue and Forecast to 2028 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.2 Others: OTC Braces and Support Market – Revenue and Forecast to 2028 (US$ Million)
11. OTC Braces and Support Market Analysis and Forecasts To 2028 – North America Analysis
11.1 North America: OTC Braces and Support Market
11.1.1 Overview
11.1.2 North America: OTC Braces and Support Market, by Country, 2020 & 2028 (%)
11.1.2.1 US: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.1.1 US: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.1.2 US: OTC Braces and Support Market, By Product, 2019–2028 (USD Million)
11.1.2.1.3 US: OTC Braces and Support Market, by Type, 2019–2028 (USD Million)
11.1.2.1.4 US: OTC Braces and Support Market, by Application, 2019–2028 (USD Million)
11.1.2.1.5 US: OTC Braces and Support Market, by End User, 2019–2028 (USD Million)
11.1.2.2 Canada: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.2.1 Canada: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.2.2 Canada: OTC Braces and Support Market, By Product, 2019–2028 (USD Million)
11.1.2.2.3 Canada: OTC Braces and Support Market, by Type, 2019–2028 (USD Million)
11.1.2.2.4 Canada: OTC Braces and Support Market, by Application, 2019–2028 (USD Million)
11.1.2.2.5 Canada: OTC Braces and Support Market, by End User, 2019–2028 (USD Million)
11.1.2.3 Mexico: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.3.1 Mexico: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.3.2 Mexico: OTC Braces and Support Market, By Product, 2019–2028 (USD Million)
11.1.2.3.3 Mexico: OTC Braces and Support Market, by Type, 2019–2028 (USD Million)
11.1.2.3.4 Mexico: OTC Braces and Support Market, by Application, 2019–2028 (USD Million)
11.1.2.3.5 Mexico: OTC Braces and Support Market, by End User, 2019–2028 (USD Million)
12. Impact of COVID-19 Pandemic on North America OTC Braces and Support Market
12.1 North America: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Overview
13.2 Organic Developments
13.2.1 Overview
13.3 Inorganic Developments
13.3.1 Overview
14. Company Profiles
14.1 DJO Global, Inc.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 ORTHOFIX MEDICAL INC. (Breg, Inc.)
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Bauerfeind
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 DeRoyal Industries, Inc.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Becker Orthopedic
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 OPPO Medical Inc.
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Zimmer Biomet
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 OTTOBOCK
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 3M
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Bird and Cronin Inc.
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Glossary of Terms
LIST OF TABLES
Table 1. US: OTC Braces and Support Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 2. US: OTC Braces and Support Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 3. Canada: OTC Braces and Support Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 4. Canada: OTC Braces and Support Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 5. Canada: OTC Braces and Support Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 6. Canada: OTC Braces and Support Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 7. Mexico: OTC Braces and Support Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 8. Mexico: OTC Braces and Support Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 9. Mexico: OTC Braces and Support Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 10. Mexico: OTC Braces and Support Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 11. Organic Developments Done by Companies
Table 12. Inorganic Developments Done by Companies
Table 13. Glossary of Terms, OTC Braces and Support Market
LIST OF FIGURES
Figure 1. OTC Braces and Support Market Segmentation
Figure 2. OTC Braces and Support Segmentation, By Country
Figure 3. North America OTC Braces and Support Market Overview
Figure 4. Knee Braces and Support Held Largest Share of Product Segment in OTC Braces and Support Market
Figure 5. United States to Show Remarkable Growth During Forecast Period
Figure 6. North America: PEST Analysis
Figure 7. OTC Braces and Support Market Impact Analysis of Driver and Restraints
Figure 8. North America OTC Braces and Support Market– Revenue Forecast and Analysis – 2020- 2028
Figure 9. OTC Braces and Support Market, By Product 2020 & 2028 (%)
Figure 10. Knee Braces and Support: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 11. Back, Hip and Spine Braces and Support: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 12. Foot Walkers & Orthoses: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 13. Neck and Cervical Braces and Support: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 14. Shoulder Braces and Support: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 15. Hand and Wrist Braces and Support: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 16. Elbow Braces and Support: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 17. Facial Braces and Support: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 18. OTC Braces and Support Market, by Type 2020 & 2028 (%)
Figure 19. Soft and Elastic Braces and Support: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 20. Hard and Rigid Braces and Support: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 21. Hinged Braces and Support: OTC Braces and Support Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 22. OTC Braces and Support Market by Application, 2020 & 2028(%)
Figure 23. Ligament Injury Repair Market Revenue and Forecasts to 2028(US$ Mn)
Figure 24. Osteoarthritis Market Revenue and Forecasts to 2028(US$ Mn)
Figure 25. Preventative Care Market Revenue and Forecasts to 2028(US$ Mn)
Figure 26. Compression Therapy Market Revenue and Forecasts to 2028(US$ Mn)
Figure 27. Other Applications Market Revenue and Forecasts to 2028(US$ Mn)
Figure 28. OTC Braces and Support Market Share, by End User, 2020 and 2028 (%)
Figure 29. Hospitals: OTC Braces and Support Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Specialty Clinics: OTC Braces and Support Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Ambulatory Surgical Centers: OTC Braces and Support Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Others: OTC Braces and Support Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. North America: OTC Braces and Support Market, by Key Country – Revenue (2020) (USD Million)
Figure 34. North America: OTC Braces and Support Market, by Country, 2020 & 2028 (%)
Figure 35. US: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)
Figure 36. Canada: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)
Figure 37. Mexico: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)
Figure 38. Impact of COVID-19 Pandemic in North American Country Markets
- DJO Global, Inc.
- ORTHOFIX MEDICAL INC. (Breg, Inc.)
- Bauerfeind
- DeRoyal Industries, Inc.
- Becker Orthopedic
- OPPO Medical Inc.
- Zimmer Biomet
- OTTOBOCK
- 3M
- Bird and Cronin Inc.
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