South and Central 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)

Name: South and Central America OTC Braces And Support Market
SKU: Medical Device
Rating: 4.7 (35 reviews)

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 South and Central America OTC braces and support market is expected to reach US$ 102.99 million by 2028 from US$ 73.19 million in 2021; it is estimated to register a CAGR of 5.0% from 2021 to 2028. The growth of the market is attributed to increasing awareness of braces and support, and rising demand for OTC braces and supports across the world. However, the availability of alternative therapies is restraining the market growth.

The emerging markets in the developing economies are likely to offer better and lucrative growth opportunities to the major market players of OTC braces and supports to expand their business and geographical reach. The treatment of orthopedic conditions and musculoskeletal diseases has become simpler due to various technological advancements. Braces and supports have helped patients in getting rid of ingesting heavy-dose medicines and taking hectic therapies. Besides, the rise in healthcare expenditure has allowed developing nations to provide better and more services and facilities to their people. Thus, the adoption of braces and supports is likely to increase in the emerging regions such as Latin America in the coming years. In addition, these regions are characterized by the increasing geriatric population susceptible to orthopedic and musculoskeletal disorders. The OTC braces and supports market players are further likely to leverage these conditions to provide effective therapeutic products to these populations. Further, the developing regions are witnessing a rise in the number of start-ups investing more on the healthcare. Local manufacturers of orthopedic braces and supports are showing interest in technological advancements. Therefore, emerging or developing countries are likely to present high growth potential for the OTC braces and supports market players in the coming years. Also, the trend of better-quality OTC braces and supports is likely to grow dramatically due to increasing popularity of e-commerce platforms. Moreover, the innovative products, revolutionary technology, and successful events have created opportunities for the companies to continue the production of orthopedic braces and supports. Thus, they are likely to add the value to their customers and increase customer base for their products in the coming years.

The COVID-19 pandemic has become the most significant challenge in South and Central America. A lack of ICU beds and ventilators is common across the region. Apart from this, a huge population face a growing burden of noncommunicable diseases in Brazil, making them more vulnerable to the virus. The OTC orthopedic braces and supports market is impacted due to the pandemic, resulting in short-term negative growth due to factors such as a sharp decline in elective surgeries and ban on organized sports. Moreover, orthodontic clinics were temporarily closed, and hospital access restricted non-essential care. Thus, limited access to clinics, social distancing, lockdown resulted in less trauma and workplace injuries, and slow-down in patient flow.

Key Market Segments

The South and Central 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 South and Central 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 South and Central 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 South and Central 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 South and Central America OTC braces and support market are the International Osteoporosis Foundation (IOF), International Society for Prosthetics and Orthotics (ISPO), and Ministry of Health and Family Welfare (MoHFW).

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SOUTH AND CENTRAL AMERICA OTC BRACES AND SUPPORT MARKET SEGMENTATION

By Product

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

Brazil
Argentina
Rest of South and Central America

Company Profiles

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 OTC Braces and Support Market – By Product

1.3.2 OTC Braces and Support Market – By Type

1.3.3 OTC Braces and Support Market – By Application

1.3.4 OTC Braces and Support Market – By End User

1.3.5 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. OTC Braces and Support Market– Market Landscape

4.1 Overview

4.2 PEST Analysis

4.2.1 SCAM 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 Key Market Opportunities

5.3.1 High Growth Potential in Emerging Economies

5.4 Future Trends

5.4.1 Continuous Demand for Better Quality Products

5.5 Impact analysis

6. OTC Braces and Support Market– South and Central America Analysis

6.1 South and Central 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

7.3.1 Overview

7.3.2 Knee: 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 – South and Central America Analysis

11.1 South and Central America: OTC Braces and Support Market

11.1.1 Overview

11.1.2 South and Central America: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)

11.1.3 South and Central America OTC Braces and Support Market, by Product – Revenue and Forecast to 2028 (USD Million)

11.1.4 South and Central America OTC Braces and Support Market, by Type – Revenue and Forecast to 2028 (USD Million)

11.1.5 South and Central America OTC Braces and Support Market, by Application – Revenue and Forecast to 2028 (USD Million)

11.1.6 South and Central America OTC Braces and Support Market, by End User – Revenue and Forecast to 2028 (USD Million)

11.1.7 South and Central America: OTC Braces and Support Market, by Country, 2020 & 2028 (%)

11.1.7.1 Brazil: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)

11.1.7.1.1 Brazil: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)

11.1.7.1.2 Brazil OTC Braces and Support Market, by Product – Revenue and Forecast to 2028 (USD Million)

11.1.7.1.3 Brazil OTC Braces and Support Market, by Type – Revenue and Forecast to 2028 (USD Million)

11.1.7.1.4 Brazil OTC Braces and Support Market, by Application – Revenue and Forecast to 2028 (USD Million)

11.1.7.1.5 Brazil OTC Braces and Support Market, by End User – Revenue and Forecast to 2028 (USD Million)

11.1.7.2 Argentina: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)

11.1.7.2.1 Argentina: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)

11.1.7.2.2 Argentina OTC Braces and Support Market, by Product – Revenue and Forecast to 2028 (USD Million)

11.1.7.2.3 Argentina OTC Braces and Support Market, by Type – Revenue and Forecast to 2028 (USD Million)

11.1.7.2.4 Argentina OTC Braces and Support Market, by Application – Revenue and Forecast to 2028 (USD Million)

11.1.7.2.5 Argentina OTC Braces and Support Market, by End User – Revenue and Forecast to 2028 (USD Million)

11.1.7.3 Rest of South and Central America: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)

11.1.7.3.1 Rest of South and Central America: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)

11.1.7.3.2 Rest of South and Central America OTC Braces and Support Market, by Product – Revenue and Forecast to 2028 (USD Million)

11.1.7.3.3 Rest of South and Central America OTC Braces and Support Market, by Type – Revenue and Forecast to 2028 (USD Million)

11.1.7.3.4 Rest of South and Central America OTC Braces and Support Market, by Application – Revenue and Forecast to 2028 (USD Million)

11.1.7.3.5 Rest of South and Central America OTC Braces and Support Market, by End User – Revenue and Forecast to 2028 (USD Million)

12. Impact of COVID-19 Pandemic on South and Central America OTC Braces and Support Market

12.1 South and Central 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. South and Central America OTC Braces and Support Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 2. South and Central America OTC Braces and Support Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 3. South and Central America OTC Braces and Support Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 4. South and Central America OTC Braces and Support Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 5. Brazil OTC Braces and Support Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 6. Brazil OTC Braces and Support Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 7. Brazil OTC Braces and Support Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 8. Brazil OTC Braces and Support Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 9. Argentina OTC Braces and Support Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 10. Argentina OTC Braces and Support Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 11. Argentina OTC Braces and Support Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 12. Argentina OTC Braces and Support Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 13. Rest of South and Central America OTC Braces and Support Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 14. Rest of South and Central America OTC Braces and Support Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 15. Rest of South and Central America OTC Braces and Support Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 16. Rest of South and Central America OTC Braces and Support Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 17. Organic Developments Done by Companies

Table 18. Inorganic Developments Done by Companies

Table 19. 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. 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. Brazil to Show Remarkable Growth During Forecast Period

Figure 6. SCAM: PEST Analysis

Figure 7. OTC Braces and Support Market Impact Analysis of Driver and Restraints

Figure 8. South and Central 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: 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. Others 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. South and Central America: OTC Braces and Support Market, by Key Country – Revenue (2020) (USD Million)

Figure 34. South and Central America OTC Braces and Support Market Revenue and Forecast to 2028 (USD Million)

Figure 35. South and Central America: OTC Braces and Support Market, by Country, 2020 & 2028 (%)

Figure 36. Brazil: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)

Figure 37. Argentina: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)

Figure 38. Rest of South and Central America: OTC Braces and Support Market – Revenue and Forecast to 2028 (USD Million)

Figure 39. Impact of COVID-19 Pandemic in South and Central America Market

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