Market Research on North America OTC Orthopedic Braces Market 2021
North America OTC Orthopedic Braces Market By Product, By Indication And By Region-Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2016 to 2021
(EMAILWIRE.COM, October 25, 2017 ) The North America OTC Orthopedic Braces Market is estimated to be growing from 315 million in 2016 at a CAGR of 5.1%, to reach USD 403 million by 2021. The market is showing high growth potential in the mentioned period. It will continue to gain momentum with the recent developments in medical sector.
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Orthopedic braces are the medical aids which support the joints of human body. The braces are worn on knee, hip, ankle, back, neck, elbow, fingers, and wrist. Orthopedic braces monitor the position of limbs and start a specific movement in the body. Also, the braces compensate for muscles which have low strength and also rectify the structural faults. Orthopedic braces are used for the detection of cerebral palsy, spina bifida, and to treat the effects caused after stroke. Braces are also worn for getting additional support and avoid injuries on the joints. Athletes specifically wear braces for shock absorbance and to avoid injuries.
The developing research and technology in the medical sector, rising prevalence of bone-degenerative disorders, increasing disposable income, growing trend of practicing sports, are the factors that drive the growth of the North America OTC Orthopedic Braces market. However, growing preference for alternative treatments, uncertainty in reimbursement scenarios, less than expected efficiency of orthopedic braces and no customization offered for OTC orthopedic braces are the key constraints for North America OTC orthopedic brace market.
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The North America OTC Orthopedic Braces market size is broadly categorized on the basis of Product into Lower Extremity Braces, Knee Braces, Foot & Ankle Braces, Upper Extremity Braces, Shoulder Braces, Elbow Braces, Wrist Braces, Back & Hip Braces and Other Braces. Based on Indication, the market is segmented into Prophylactic, Injury, Osteoarthritis (OA) and Other Indications. The prophylactic braces segment is expected to hold the largest share of the North America OTC orthopedic braces market in 2016 owing to increased participation in sports, studies proving the efficacy of prophylactic braces in decreasing the injuries, and increased awareness.
On the basis of region the North America market is segmented into U.S.A and Canada. This region held the highest share in the global OTC Orthopedic Braces market and is expected to show significant growth during the forecast period.
Some of the major competitors dominating the market are DJO Finance LLC, DeRoyal Industries Inc, Breg Inc, Bauerfeind AG, BSN Medical, Otto Bock HealthCare, Medi GmbH & Co. KG, Thuasne Group and 3M Company.
Market Segmentation :
1) Product
2) Indication
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About us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialties with competitive pricing options.
For more information, kindly visit, www.marketdataforecast.com
Browse more details @ http://marketdataforecast.com/market-reports/north-america-otc-orthopedic-braces-market-3260/
Orthopedic braces are the medical aids which support the joints of human body. The braces are worn on knee, hip, ankle, back, neck, elbow, fingers, and wrist. Orthopedic braces monitor the position of limbs and start a specific movement in the body. Also, the braces compensate for muscles which have low strength and also rectify the structural faults. Orthopedic braces are used for the detection of cerebral palsy, spina bifida, and to treat the effects caused after stroke. Braces are also worn for getting additional support and avoid injuries on the joints. Athletes specifically wear braces for shock absorbance and to avoid injuries.
The developing research and technology in the medical sector, rising prevalence of bone-degenerative disorders, increasing disposable income, growing trend of practicing sports, are the factors that drive the growth of the North America OTC Orthopedic Braces market. However, growing preference for alternative treatments, uncertainty in reimbursement scenarios, less than expected efficiency of orthopedic braces and no customization offered for OTC orthopedic braces are the key constraints for North America OTC orthopedic brace market.
Download Free Sample Report @ http://marketdataforecast.com/market-reports/north-america-otc-orthopedic-braces-market-3260/request-sample
The North America OTC Orthopedic Braces market size is broadly categorized on the basis of Product into Lower Extremity Braces, Knee Braces, Foot & Ankle Braces, Upper Extremity Braces, Shoulder Braces, Elbow Braces, Wrist Braces, Back & Hip Braces and Other Braces. Based on Indication, the market is segmented into Prophylactic, Injury, Osteoarthritis (OA) and Other Indications. The prophylactic braces segment is expected to hold the largest share of the North America OTC orthopedic braces market in 2016 owing to increased participation in sports, studies proving the efficacy of prophylactic braces in decreasing the injuries, and increased awareness.
On the basis of region the North America market is segmented into U.S.A and Canada. This region held the highest share in the global OTC Orthopedic Braces market and is expected to show significant growth during the forecast period.
Some of the major competitors dominating the market are DJO Finance LLC, DeRoyal Industries Inc, Breg Inc, Bauerfeind AG, BSN Medical, Otto Bock HealthCare, Medi GmbH & Co. KG, Thuasne Group and 3M Company.
Market Segmentation :
1) Product
2) Indication
Inquire before buying @ http://marketdataforecast.com/market-reports/north-america-otc-orthopedic-braces-market-3260/inquire
About us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialties with competitive pricing options.
For more information, kindly visit, www.marketdataforecast.com
Contact Information:
Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
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Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results