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North America OTC Orthopedic Braces Market

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North America OTC Orthopedic Braces Market is estimated to be growing from 315 million in 2016 at a CAGR of 5.1%, to reach USD 403 million by 2021.
Decrease in bone density and frequent fractures to promote OTC Orthopedic Braces Market
Overview
Osteoporosis causes greater than 8.11 million fractures yearly, ensuing in an osteoporotic
fracture every 3 seconds. Osteoporosis is expected to affect two hundred million women about one-tenth of women aged 60, one-fifth of women elderly 70, 1/5 of women aged eighty
and 1/3 of women aged 90. Osteoporosis affects an envisioned 75 million human beings in
Europe, US and Japan. For the year 2000, there have been a predicted nine million new
osteoporotic fractures, of which 1.6 million were at the hip, 1.7 million had been on the
forearm and 1.4 million were medical vertebral fractures. Europe and the Americas accounted
for 51% of all these fractures, even as the maximum of the remainder occurred within the
Western Pacific location and Southeast Asia.
1 in 3 women over age 50 will experience osteoporotic fractures, as will 1 in 5 elderly men over
50. 82%, 75 %, 70% and 58% of forearm, humerus, hip and backbone fractures, respectively,
occur in women. Typical, 61% of osteoporotic fractures arise in women, with a woman-to-male
ratio of 1:6. Almost 75% of hip, spine and distal forearm fractures occur among patients 65
years antique or over. A 10% loss of bone mass inside the vertebrae can double the chance of
vertebral fractures, and in addition, a 10% loss of bone mass within the hip can result in a 2.5
times more chance of hip fracture.
By 2050, the global prevalence of hip fracture in men is projected to grow via 310% and 240% in
women, as compared the numbers in 1990. The combined lifetime threat for hip, forearm and
vertebral fractures coming to clinical interest is around 40%, equal to the hazard for the
cardiovascular disorder.
Osteoporosis takes a big personal and economic toll. In US, the incapacity due to osteoporosis
is greater than that because of cancers (except for lung most cancers) and is comparable or
greater than that misplaced to a variety of chronic no communicable sicknesses, together with
rheumatoid arthritis, allergies and high blood pressure associated coronary heart disorder.
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Key trends and restrains
Developing demand for OTC orthopedic braces a few of the geriatric populace is predicted to
reinforce the OTC orthopedic braces market. Increasing occurrences of the bone-degenerative
illnesses, obesity, and other illnesses is predicted to fuel the marketplace growth within the
near future. Smooth availability of OTC orthopedic braces via e-commerce is likewise predicted
to drive the market. Moreover, recognition of the orthopedic braces as a safety measure is
positively impacting the worldwide OTC orthopedic braces marketplace increase. Rising
youngster’s participation in the sports activities and growing occurrences of orthopedic injuries
may open up new increase opportunities in the international market as well along with North
American market. However, restrained economic support is offered for OTC orthopedic braces
which may bog down the increase of the OTC orthopedic braces market.
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Demographically
North America is geographically segmented into USA and Canada. The overall market is to
witness a growth of CAGR of 5.1% and a forecasted market value of USD 0.403 billion by 2021
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Some of the major competitors dominating the 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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