Global OTC Braces & Supports Industry

Global OTC Braces & Supports Industry

  • July 2020 •
  • 378 pages •
  • Report ID: 5896252 •
  • Format: PDF


Global OTC Braces & Supports Market to Reach US$1.4 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for OTC Braces & Supports estimated at US$1.1 Billion in the year 2020, is projected to reach a revised size of US$1.4 Billion by 2027, growing at a CAGR of 3.7% over the period 2020-2027.Lower Extremity Braces & Supports, one of the segments analyzed in the report, is projected to grow at a 3.9% CAGR to reach US$860.1 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Upper Extremity Braces & Supports segment is readjusted to a revised 3.3% CAGR for the next 7-year period. This segment currently accounts for a 38.6% share of the global OTC Braces & Supports market.

The U.S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 6.7% CAGR for the Period of 2020-2027
The OTC Braces & Supports market in the U.S. is estimated at US$289.4 Million in the year 2020. The country currently accounts for a 26.97% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$291.3 Million in the year 2027 trailing a CAGR of 6.6% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 2.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR while Rest of European market (as defined in the study) will reach US$291.3 Million by the year 2027.We bring years of research experience to this 6th edition of our report. The 378-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

- Competitors identified in this market include, among others,
  • 3M Company
  • Alcare Co., Ltd.
  • Bauerfeind AG
  • BREG, Inc.
  • BSN Medical GmbH
  • DeRoyal Industries, Inc.
  • DJO Global, Inc.
  • Medi GmbH & Co. KG
  • Ossur
  • Otto Bock HealthCare GmbH
  • Remington Products
  • Trulife
  • Zimmer Biomet Holdings, Inc.