OTC Orthopedic Braces Market is estimated to be growing from 1.15 billion in 2018 at a CAGR of 4.8%, to reach USD 1.45 billion by 2023.

Orthopedic braces are gadgets which are utilized to help and control the joints of the body. The supports can be utilized on the lower leg, knee, hip, back, neck, elbow, fingers, and wrist. Orthopedic supports are utilized to control the situation of appendages and start particular development or movement in the body. Additionally, the supports can be adjusted for frail muscles and to remedy auxiliary disfigurements. Orthopedic supports are utilized broadly for analysis of cerebral paralysis, spina bifida, spinal rope damage, scoliosis, and to manage post stroke impacts. Braces are likewise utilized after surgeries on knee joints with a specific end goal to keep the joints stable and control movement until the point that the joints recoup. Numerous individuals utilize braces for additional help to avoid wounds to joints. Sportsmen, for example, football and rugby players' especially utilize braces to anticipate wounds.

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Underlying Causes

Joint pain and injury patients are the significant purchasers of orthopedic braces. The CDC consolidated information from the National Health Interview Survey (NHIS) years 2013-2015 Sample Adult Core segments to gauge normal yearly joint inflammation predominance in the regular citizen, non-standardized US grown-up populace matured 18 years or more seasoned. Generally, an expected 22.7% (54.4 million) of grown-ups had specialist analyzed joint pain, with fundamentally higher age-adjusted predominance in women (23.5%) than in men (18.1%). Joint inflammation prevalence expanded with age.

Moreover, the rising populace of geriatric people and the comparing danger of musculoskeletal issue, for example, osteoarthritis, osteoporosis and related breaks, for the most part, drive the worldwide orthopedic braces and backings the market. Expanding wearing exercises and individual ascent in the rate of games wounds and injury likewise add to the development of this market. Likewise, the utilization of braces, for example, elbow and lower leg support by sportsmen as a preventive measure has prompted development in the interest for these items in the market.

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Geographic Segmentation

Geographic Segmentation for the Global OTC Orthopedic braces Market is done in Europe, Latin America, Asia Pacific, North America and Middle East and Africa. North America is currently leading the market followed by Europe. However, Asia-pacific region is showing signs of major growth during the forecast period.

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Major companies in the OTC Orthopedic braces market are DJO Finance LLC, DeRoyal Industries Inc., Breg, Inc.,  Bauerfeind AG, BSN Medical, Otto Bock HealthCare, Medi GmbH & Co. KG, Thuasne Group, and 3M Company.

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