OTC Braces & Supports Market Expected To Reach $759 million by 2025

OTC Braces & Supports Market Expected To Reach $759 million by 2025

According to market research report, "OTC Braces & Supports Market by Product (Knee, Ankle, Spine, Shoulder, Neck, Elbow, Wrist, Facial), Application (Ligament (ACL, LCL), Preventive, OA, Compression), Distribution (Hospitals, Clinics, Pharmacies, E-Commerce) - Global Forecast to 2025", is estimated to be $572 million in 2020 and projected to reach $759 million by 2025, at a CAGR of 5.8%. Increasing prevalence of orthopedic diseases & disorders, continuous product commercialization, greater product affordability & market availability. 

 

COVID-19 has impacted their businesses as well. Demand for orthopedic braces and supports from key end-users has significantly declined amidst the global COVID-19 pandemic. Industry experts believe that COVID-19 will have short-term negative growth for the OTC orthopedics and supports market in 2020, but will experience normal growth as the market gradually steadies by the end of 2020. 

 

Growth in the OTC orthopedic braces and supports market is driven primarily by the increasing prevalence of orthopedic diseases & disorders, continuous product commercialization, market availability & product affordability, rising number of sports & accident-related injuries, and growing public awareness related to preventive care are driving the growth of the orthopedic braces and supports market. 

 

For More Information, Download Free Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=113271585 

 

The incidence of orthopedic diseases and disorders is expected to increase further in the coming years with the increasing prevalence of obesity and related lifestyle disorders, as obese individuals are at a higher risk of orthopedic & musculoskeletal injuries as well as diabetes. 

 

Specific orthopedic braces can only be used under the supervision of medical practitioners or orthopedic technicians as they require customization or product alternation according to patient features. However, some braces (such as ankle braces, wrist/hand braces, shoulder braces, elbow braces, and facial braces) are increasingly being sold through retailers (off-the-shelf), and e-commerce websites since their use do not require an authorization from medical professionals.

 

Patients regularly use such products as preventive measures to avoid injuries. BraceAbility (US), Amazon.com (US), and Alibaba.com (China) are common e-commerce websites selling orthopedic products.