OTC Braces & Supports

OTC Braces & Supports

Global OTC Braces & Supports Market to Reach $1.4 Billion by 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 aCAGR of 3.7% over the period 2020-2027. Lower Extremity Braces & Supports, one of the segments analyzed in the report, is projected to record 3.9% CAGR and 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.

The U.S. Market is Estimated at $289.4 Million, While China is Forecast to Grow at 6.7% CAGR

The OTC Braces & Supports market in the U.S. is estimated at US$289.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$291.3 Million by the year 2027 trailing a CAGR of 6.6% over the analysis period 2020 to 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.

Select Competitors (Total 19 Featured) -

• 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.

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