Global OTC Braces and Supports Market Size Worth $ 1,759.38 Million By 2032 | CAGR: 6.5%

Global OTC Braces and Supports Market Size Worth $ 1,759.38 Million By 2032 | CAGR: 6.5%

The gobal otc braces and supports market size is expected to reach USD 1,759.38 million by 2032, according to a new study by Polaris Market Research. The report “Global OTC Braces and Supports Market Share, Size, Trends, Analysis, Industry Report By Product, By Application, By Distribution channel (E-Commerce Platforms, Pharmacies and Retailers, Orthopedic Clinics & Hospitals), By Region and Forecast, 2023 – 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The global OTC braces and supports market refers to the over-the-counter products that are designed to help support and stabilize various parts of the body. These products can be used for a wide range of conditions, including joint pain, sprains, strains, and fractures. OTC braces and supports can be purchased without a prescription and are available in a variety of forms, including knee braces, back braces, ankle braces, and wrist supports.

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The market for OTC braces and supports has experienced significant growth in recent years, driven by several factors. One of the primary drivers of the market is the increasing prevalence of musculoskeletal disorders, which are conditions that affect the muscles, bones, and joints. According to the World Health Organization, musculoskeletal disorders are one of the most common causes of disability worldwide, affecting millions of people. As the prevalence of these conditions continues to rise, the demand for OTC braces and supports is expected to increase. The aging population as the global population ages, there is an increased risk of developing musculoskeletal conditions, as well as a greater need for support and stability. OTC braces and supports are an effective way to manage pain and improve mobility, which is particularly important for older adults who want to maintain their independence.

the growing demand for OTC braces and supports, there is also an increasing awareness of the benefits of these products. Consumers are becoming more educated about the range of options available, and the benefits of using braces and supports for both injury prevention and pain management. This has led to increased demand for OTC braces and supports, which are affordable and readily available. The global OTC braces and supports market is expected to continue growing in the coming years. While the COVID-19 pandemic has had an impact on the market, with disruptions to supply chains and decreased consumer spending, the long-term outlook remains positive. As the world recovers from the pandemic and healthcare systems adapt to new challenges, the demand for OTC braces and supports is expected to continue growing, particularly as more people seek non-surgical treatments for pain management and injury prevention.

OTC Braces and Support Market Report Highlights

  • There are several factors, including the high incidence of knee injuries and conditions such as osteoarthritis and patellar tendonitis. Knee injuries are common in athletes and active individuals, as well as in older adults who may experience wear and tear on their knee joints.
  • In global OTC braces and supports pharmacies and retailers segment accounted for the largest market share in the OTC braces and supports market. Pharmacies and retailers are the most accessible and convenient distribution channels for OTC braces and supports. Consumers can easily purchase braces and supports from their local drugstores or supermarkets, or they can order them online from major retailers such as Amazon or Walmart.
  • Availability of OTC braces and supports products through various channels, including pharmacies, retailers, and online platforms, makes them more accessible to consumers than ever before. The accessibility, combined with competitive pricing and promotions, has helped to drive demand for OTC braces and supports in North America.2
  • The global players include Bristol-Myers Squibb, Merck & Co., Eli Lilly and Company, Novartis AG, Pfizer Inc., GlaxoSmithKline plc, AstraZeneca plc, Amgen Inc., Celgene Corporation, Johnson & Johnson, Bayer AG, AbbVie Inc., Sanofi, Takeda Pharmaceuticals, and Gilead Sciences.

Polaris Market Research has segmented the Global OTC Braces and Supports market report based on component, Product, Application, Distribution Channel, and region:

Global OTC Braces and Supports, Product Outlook (Revenue, USD Million, 2019-2032)

  • Ankle Braces and Supports
  • Foot Walkers and Orthoses
  • Elbow Braces and Supports
  • Shoulder Braces and Supports
  • Hand/Wrist Braces and Supports
  • Facial Braces and Supports
  • Knee Braces and Supports
  • Back, Hip & Spine Braces and Supports

Global OTC Braces and Supports, Application Outlook (Revenue, USD Million, 2019-2032)

  • Ligament Injury Repair
  • Osteoarthritis
  • Preventive Care
  • Compression Therapy
  • Other Applications

Global OTC Braces and Supports, Distribution Channel Outlook (Revenue, USD Million, 2019-2032)

  • E-Commerce Platforms
  • Pharmacies and Retailers
  • Orthopaedic Clinics & Hospitals

Global OTC Braces and Supports, Regional Outlook (Revenue - USD Million, 2019-2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa