OTC Orthopedic Braces Market: Greater Product Affordability and Market Availabil
Posted by Kriti on May 31st, 2021
The study involved four major activities to estimate the current size of the OTC orthopedic braces and supports market. Exhaustive secondary research was carried out to collect information on the market and its different subsegments. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the size of segments and subsegments.
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Major OTC Orthopedic Braces Market Growth Drivers:
Revenue Growth Analysis:
Knee braces are utilized as a follow-up treatment post knee surgery associated with injuries such as anterior cruciate ligament (ACL) rupture, sprained medial knee ligament, patella tendonitis, torn knee cartilage, posterior cruciate ligament (PCL) rupture, knee arthritis, and runner’s knee. The growth of the knee braces and supports segment is attributed to the several benefits offered by these products, such as medial and lateral support, reduced rotation of the knee, limited injury during motion, and protection from the post-surgical risk of injury.
Preventive care is the largest application segment of the OTC orthopedic braces and supports market
Orthopedic braces and supports are used to reduce the clinical risk of musculoskeletal injuries and diabetic foot ulcers, among other preventive care applications. These braces are used by athletes & sportspersons to minimize the risk of sports-related musculoskeletal injuries (such as ACL tears, hairline fractures, ankle sprains, hamstring strains, and tennis elbow). The increasing adoption of OTC orthopedic bracing and support products in preventive care is majorly attributed to the growing public participation in sports and the rising availability of OTC bracing products for preventive care & ambulatory procedures.
North America is the largest regional OTC orthopedic braces and supports Market
North America is one of the major revenue-generating regions in the OTC orthopedic braces and supports market. The favorable reimbursement & insurance coverage for major orthopedic bracing procedures and supportive government regulations for product commercialization are the major factors driving the growth of the OTC orthopedic braces and supports market in North America.
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Key Market Players:
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About the AuthorKriti
Joined: July 3rd, 2019
Articles Posted: 390
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