TMCnet News
Global OTC Braces & Support Market 2017-2022: Pharmacies & Retailers Segment to Dominate Market Across All the Regions as of 2017 - Research and MarketsThe "OTC Braces & Support Market by Product, Application, Sales Channel - Global Forecasts to 2022" report has been added to Research and Markets' offering. The global orthopedic braces and supports market is projected to reach USD 1.42 billion by 2022 from USD 1.10 billion in 2017, at a CAGR of 5.2%. Rising number of accident-related injuries, growing prevalence of orthopedic disorders and diseases, and availability of reimbursements for OTC orthopedic braces and supports are the major factors driving the demand for orthopedic braces and supports. However, factors such as limited clinical evidence to support the efficacy of orthopedic braces and supports and limited options to customize OTC orthopedic braces & supports and is limiting the growth of the market. In 2017, on the basis of product, the lower extremity braces and supports segment is expected to register the highest growth rate during the forecast period. The rising geriatric population, growing adoption of braces among athletes, and the increasing use of braces and supports by osteoarthritis patients and athletes for preventive care are factors driving the demand for lower extremity braces and upports. On the basis of application, the ligament injury segment is estimated to register the highest growth rate in 2017 and this trend is also expected to continue during the forecast period. The growth of this segment is attributed to increasing public participation in sports & athletic activities (coupled with the rising incidence of sports-related injuries) and awareness regarding the clinical benefits of these products in the effective clinical management of ligament injuries. In 2017, on the basis of sales channel, the pharmacies & retailers segment is expected to account for the largest share of the market. The dominant share of this segment is attributed to the availability of orthopedic bracing products through retailers & pharmacies, increasing reimbursements for OTC braces among developed countries, and the significant adoption of off-the-shelf braces for sprain & ligament injury among major countries. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 OTC Orthopedic Braces and Supports Market, By Product 7 OTC Orthopedic Braces and Supports Market, By Application 8 OTC Orthopedic Braces and Supports Market, By Sales Channel 9 OTC Orthopedic Braces and Supports Market, By Region 10 Competitive Landscape 11 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/jjkrvn/global_otc_braces?w=4 View source version on businesswire.com: http://www.businesswire.com/news/home/20171212005865/en/ |
