Knee Braces Market Size By Product (Functional Knee Braces, Prophylactic Knee Braces, Unloader Knee Braces, Rehabilitative Knee Braces), By Application (Sports Use, Ligament), By End-Use (Hospitals, Orthopedic Clinics) & Forecast, 2023 – 2032

Knee Braces Market Size

Knee Braces Market size surpassed USD 1.7 billion in 2022 and is expected to register 4.8% CAGR from 2023 to 2032. Increasing prevalence of arthritis and orthopedic ailments coupled with technological advancements in knee braces will augment the industry growth. Rising number of trauma cases, accidents and sports injuries have increase the product demand among adult population globally.
 

Additionally, ageing population along with related orthopedic comorbidities have augmented the in-patient admission in several healthcare facilities for diagnosis and treatment of these chronic ailments. Technological advancements pertaining to knee braces including improved design, comfort, and functionality have increased the clinical efficiency and effectiveness of orthopedic devices. Increasing healthcare expenditure and increasing disposable income of people have further fueled the knee braces market development. Therefore, the aforementioned factors and several initiatives carried by industry players and regulatory authorities are increasing the product adoption worldwide.
 

However, high cost of the product can be a significant barrier and impede the knee braces market growth in the coming years. The price of knee braces can vary depending on factors such as the type, design, materials used, and additional features. Some specialized or custom-made knee braces are quite expensive and can limit the industry progression. For instance, the cost of hybrid advanced knee braces can range between USD 1,500 to USD 3,200. This pricing may vary according to several customization and technological advancements used in the knee braces.
 

Moreover, inconsistencies in insurance coverage or limited coverage for the product make them less accessible and increase the financial burden on patients. This high charge poses challenges for widespread espousal, particularly in resource-constrained healthcare facilities and regions with limited healthcare budgets These factors can limit the accessibility and affordability, potentially hindering the demand for knee braces.
 

COVID-19 Impact

The recent outbreak of COVID-19 had negatively influenced the knee braces market revenue, specifically during the initially phase of 2020. The coronavirus outbreak proliferated the disease burden and hampered several global businesses domains including the healthcare sector. During the pandemic, scheduled orthopedic procedures were considered as nonemergent thus, were postponed or delayed. The COVID-19 pandemic reduced visits to healthcare facilities and orthopedic clinics causing medical services in several countries to be delayed, including knee rehabilitation and related procedures.
 

Sporting events, including professional leagues and recreational activities, were postponed or canceled during the pandemic. This led to a decrease in the demand for knee braces, especially prophylactic braces used by athletes and sports enthusiasts to prevent knee injuries during sports activities. However, as the number of COVID-19-infected patients decreased significantly and several healthcare facilities began delivering healthcare services, gradually returning the procedural volume to pre-pandemic levels.
 

Knee Braces Market Trends

Increasing prevalence of arthritis and other orthopedic ailments is expected to increase the knee braces market demand. Knee braces are often used as a non-invasive treatment option to manage knee osteoarthritis symptoms by providing support, reducing pain, and improving stability. Sedentary lifestyles and the increasing prevalence of obesity are contributing factors to the rise in orthopedic ailments, including knee osteoarthritis.
 

For instance, according to an article published by the Lancet Journal in 2020, the global prevalence of knee osteoarthritis was expected to be around 16% and is anticipated to increase in the near future. Moreover, factors such as aging population, sedentary lifestyles, obesity, sports-related injuries, and the preference for non-surgical treatments has augmented the business growth.
 

Knee Braces Market Analysis

The functional knee braces market held a dominant share and is anticipated to expand at 3.9% growth rate during 2023-2032 owing to several clinical benefits offered by the product in diagnosis and treatment of knee injuries and rehabilitative procedures after total knee replacement surgeries. Functional knee braces are often used in sports and physical activities as a preventive measure against knee injuries. These braces play a vital role in the rehabilitation process after knee surgery, such as ACL reconstruction. Thus, abovementioned factors are projected to fuel the industry growth during the forecast period.
 

The sport use segment ruled the industry revenue worth USD 799.4 million in 2022. This high segmental returns is due to increasing demand for knee braces in sports and athletics. Knee braces, such as prophylactic braces, are used as a preventive measure to reduce the risk of ligamentous injuries, such as ACL (anterior cruciate ligament) tears, MCL (medial collateral ligament) sprains, and meniscus injuries. However, athletes recovering from knee injuries often use knee braces during the rehabilitation process to aid in the recovery and facilitate a safe return to sports activities. The increasing product requirement in sports use reflects the growing emphasis on injury prevention, performance optimization, and rehabilitation, thereby influencing the market outlook.
 

Hospital sector captured 43% of the knee braces market share in 2022 and is projected to grow at a robust pace by 2032 attributed to the increasing product usage in hospitals, that are said to promote patient preference for hospitals. Increasing hospitalizations due to orthopedic procedures and knee injuries will further foster the business development. Increasing prevalence of orthopedic disorders in line with the availability of highly skilled healthcare professionals are some other characteristics that are propelling the growth of the hospitals segment positively.
 

In addition, the robust healthcare infrastructure and appropriate patient assistance is expected to positively impact the market growth. Thus, accessibility to better treatment & diagnosis and the rising prevalence of these ailments will bolster patient visits to hospitals, thereby propelling the segmental revenue.
 

North America knee braces market held a dominating share and is poised to attain 4.2% gains between 2023 and 2032. This high market share may be ascribed to a variety of factors, including the presence of significant industry players, an increase in the number of patients suffering from orthopedic and knee disorders, an expanding elderly population, among others. For instance, according to the National Safety Council data, in 2021, around 3.2 million people in the U.S. were treated in emergency departments for injuries involving sports and recreational equipment. This high incidence rate is leading to increased demand for knee braces.
 

Aging population has resulted in developing knee-related conditions such as osteoarthritis. Growing emphasis on fitness and wellness in North America, with individuals seeking ways to maintain an active and healthy lifestyle will augment the market growth. Presence of prominent participants are engaged in new product development & commercialization leading to overall business progression. Therefore, developing healthcare infrastructure, government initiatives and increasing hospital fundings, etc. are facilitating the regional industry expansion.
 

Knee Braces Market Share

Some of the major companies operating in the knee braces market landscape are:

• Alex Orthopedic Inc
•  DJO Global, Inc
•  Dicarre LLC
•  Mava Sports
•  McDavid Knee Guard Inc
•  Ossur Corporate
•  Otto Bock Healthcare GmbH
•  Tynor Orthotics Private Limited
• Weber Orthopedic Inc
•  Medline
•  Mueller Sports Medicine
•  Medi-Dyne
• Essity
•  Breg Inc
•  Body Sport
•  Bauerfeind AG
•  3M Company and Push Braces 
   

These leading players are implementing advanced technologies to cater to the large unmet needs of the consumers. They focus on strategic partnerships, new product launch & commercialization for business expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
 

Knee Braces Industry News:

• In September 2021, Össur announced the launch of REBOUND ACL brace, an advance knee brace intended for patients recovering from anterior cruciate ligament (ACL) injury. This advance knee brace reduce strain on a patient’s ACL and provide a comfortable load on their posterior thigh and anterior tibia and is incorporated with dynamic tension system (DTS). This innovative launch helped the company to enhance their product portfolio and increase their business revenue.
   
• In June 2020, DJO announced the launch of DonJoy X-ROM Post-Op Knee Brace. This knee braces incorporates a range of motion (ROM) protection technology that improves user experience, easy application and adjustment, thereby helping patients recover from ACL repair and other knee surgeries with improved confidence, comfort and stability. This product launch helped the company to grow their customer base and increase their market presence.
   

The knee braces market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in (USD million) and Volume (Units) from 2018 to 2032, for the following segments:

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Market, By Product

• Functional Knee Braces
• Prophylactic Knee Braces
• Unloader Knee Braces
• Rehabilitative Knee Braces

Market, By Application

• Sports Use
• Ligament
• Others

Market, By End-use

• Hospitals
• Orthopedic Clinics
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Poland
  • Sweden
  • The Netherlands
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Philippines
  • Vietnam
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Columbia
  • Peru
  • Chile
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Turkey
  • Israel
  • Iran