Knee Braces Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4238
Knee Braces Market size is projected to experience significant growth from 2019 to 2025.
Knee braces were launched with the aim to provide support to weak knee joints. Knee braces are recommended by a physician when patients have pain in their knee. The product is also used as a preventive measure for sports injury by various athletes and sportsmen. The raw materials for manufacturing of knee braces include foam, metal, plastic and other elastic materials. The knee braces are available in various designs, colors and sizes.
The growing geriatric population and increasing adoption of knee braces for reducing pain in conditions such as tendonitis, osteoarthritis and knee injuries will augment the global knee braces market over the forecast period. The rising number of accidents resulting in knee injuries will also drive the market growth.
Rising cases of knee dislocations and knee injuries will drive the demand for knee braces over the forthcoming years. Increasing cases of osteoporosis and growing preference of patients for fast and effective post-surgical recovery will enhance the knee braces market over the forecast period.
The support, protection, stability and correction in alignment offered by knee braces help in recuperating with the functionality and mobility of knee joints. Aforementioned factors will drive the growth of global knee braces market. The hospital segment will contribute for a large share of the knee braces market due to large volume of patient footfall and higher budget in comparison to other healthcare facilities. However, some physician believe that knee braces can worsen the knee condition and do not recommend the use of knee braces, which could hinder market growth over the estimation period.
The functional knee braces segment is anticipated to account for the highest share in the global knee braces market by product. The high share is due to improved knee function and stability offered by functional knee braces. Moreover, the segmental growth is also attributed to cost efficiency associated with functional knee braces.
The U.S. is projected to account for the largest share by country in the global knee braces market. The dominant share is due to growing awareness towards bracing devices, increasing obese population, rising cases of osteoporosis, high disposable income and presence of key market players of knee braces industry in the country. Moreover, growing demand for advanced products and therapies along with high healthcare expenditure is expected to augment the nation’s market growth over the forecast period.
China is anticipated to grow with a promising growth over the forecast period. The growth is attributed to increasing geriatric population, presence of advanced manufacturing facilities, rising cases of sports injuries, improving healthcare expenditure and growing adoption for advanced technologies.
3M Company, Chase Ergo Inc., Becker Orthopedic, Corflex Inc., BSN Medical GmbH, Dicarre Llc, Medi Gmbh & Co. Kg, Remington Products Company, Pelican Manufacturing, United Ortho, DJO Global Inc., Össur, Reh4Mat, Zimmer Biomet Holdings Inc. and Spring Loaded Technology Inc. are the prominent players of the global knee braces market. In order to improve their business portfolio, the market players take various strategic initiatives such as partnerships, technological advancements, mergers, capacity expansion and innovative product launches.
Knee Braces Market by Product, 2014-2025 (USD Million)
- Functional knee braces
- Prophylactic knee braces
- Unloader knee braces
- Rehabilitative knee braces
Knee Braces Market by Application, 2014-2025 (USD Million)
- Medical Use
- Sports Use
Knee Braces Market by End-use, 2014-2025 (USD Million)
- Orthopedic Clinics
- Rehabilitation Centers
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- 3M Company
- Chase Ergo Inc.
- Becker Orthopedic
- Corflex Inc.
- BSN Medical GmbH
- Dicarre Llc
- Medi Gmbh & Co. Kg
- Remington Products Company
- Pelican Manufacturing
- United Ortho
- DJO Global Inc.
- Zimmer Biomet Holdings Inc.
- Spring Loaded Technology Inc.
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