OTC Orthopedic Braces Market: Significant Adoption of Pain Medications
The OTC Orthopedic Braces Market 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, rising number of sports and accident-related injuries, and growing public awareness related to preventive care are the key factors driving the growth of the orthopedic braces and supports industry. Demand for knee braces and supports among medical professionals and athletes is expected to result in the segment occupying the majority of the OTC orthopedic braces and supports market share The knee braces and supports marketis estimated to have the largest market share by value. Growth of this segment can be attributed to the growing demand for knee braces & supports among medical professionals and athletes andfavorable reimbursement scenario for knee braces in developed countries. Moreov...