The Latin America, Middle East and Africa OTC Braces & Supports Market would witness market growth of 9.4% CAGR during the forecast period (2022-2028).
The OTC (over-the-counter) braces & supports are medical devices created in such a way that they can be used to correctly align, support, correct the position, and protect certain body parts as they recover from trauma or injuries like ankle & ligament injury, and knee injury & replacement. Additionally, these braces are useful for treating a number of sports injuries, including tennis elbow, hamstring strains, ankle sprains, and ACL (anterior cruciate ligament) tears.
Osteoarthritis affects the entire joint and is a complicated condition. It is mostly recognized as a wear-and-tear kind of arthritis that frequently impacts older people's knees. One side of the knee is typically more affected by the condition than the other. Knee may align improperly as a result of this uneven damage, giving people the appearance of having knock-kneed or bowlegged legs. This misalignment gets worse as the harm gets worse. A knee brace can help decrease discomfort by relieving pressure on the area of the joint that is most affected by osteoarthritis. A knee brace can also help people stand and walk around with more assurance.
The number of traffic fatalities in South Africa rose by 52% between 2000 and 2018, as per the data of the International Transport Forum's 2019 Road Safety Annual Report. The market is also anticipated to gain from higher government spending on the development of healthcare facilities and infrastructure. Additionally, due to growing consumer awareness of healthcare and fitness, more customers are likely to spend on preventative care solutions, which will increase the demand for OTC braces and supports throughout the projection period.
The Brazil market dominated the LAMEA OTC Braces & Supports Market by Country in 2021; thereby, achieving a market value of $26.2 Million by 2028. The Argentina market is showcasing a CAGR of 9.9% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 9.1% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into Pharmacies & Retailers, E-Commerce Platforms and Orthopedic Clinics & Hospitals. Based on Product, the market is segmented into Knee Braces & Supports, Ankle Braces & Supports, Hand/Wrist Braces & Supports, Back, Hip & Spine Braces and Supports, Shoulder Braces & Supports, Elbow Braces & Supports, Foot Walkers & Orthoses and Others. Based on Application, the market is segmented into Preventive Care, Osteoarthritis, Ligament Injury Repair, Compression Therapy and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global OTC Braces & Supports Market is Predict to reach $1.3 Billionn by 2028, at a CAGR of 6.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 3M Company, Essity AB, Ossur Hf., Ottobock SE & Co. KGaA, Bauerfeind AG, Nippon Seiki Co., Ltd., Zimmer Biomet Holdings, Inc., Becker Orthopedic, DJO Global and Breg, Inc.
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