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RIGID KNEE BRACES MARKET ANALYSIS Rigid Knee Braces Market, By Type (Prophylactic Braces, Functional Braces, Rehabilitative Braces, and Unloader Braces), By Application (Arthritis, Tendonitis, Knee Ligament Injury, Athletic Activity, and Others), By End User (Hospitals and Clinics, Orthopedic Centers, and Rehabilitation Centers), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027
The global rigid knee braces market is estimated to be valued at US$ 836.6 million in 2020 and is expected to exhibit a CAGR of 4.2% during the forecast period (2020-2027). • The prevalence and incidence rate of osteoarthritis and meniscus injuries among the geriatric population are the primary reasons that drive growth of the global rigid knee braces market. The United Nations suggest that number of people aged over 60 years is projected to grow by 56%, accounting a rise from 901 million to 1.4 billion during 2015 to 2030. • Knee braces are made from one or more combination of rigid and flexible materials such as metal, plastic, moldable foam, synthetic rubber, padding or elastic material and straps. Knee braces are available in several sizes and have provision for pressure adjustment. On the other hand, custom knee braces are designed in a way to perfectly fit the exact knee measurements
Figure 1: Global Rigid Knee Braces Market Share (%) Analysis, By Type, 2020
Global Rigid Knee Braces Market - Restraints • However, high cost of knee braces is expected to hamper the global rigid knee braces market growth over the forecast period. • Global Rigid Knee Braces Market – Regional Analysis • North America accounted for the largest share in the global rigid knee braces market in 2019, owing to increasing launch of new osteoarthritis knee braces. For instance, in 2015, Townsend Design launched Active Reliever, a soft shell single-upright osteoarthritis (OA) knee brace. This off-the-shelf or custom fitted brace is designed to relieve pain by reducing load on the side of the knee that has been injured or progressively degenerated.
Competitive Landscape • Key players operating in the global rigid knee braces market include Mueller Sports Medicine, Inc., DJO Global, LLC, (Donjoy), ACE Brand, Tynor Orthotics Private Limited, 3M Science, Mava Sports, Bauerfeind AG, Breg, Inc., and Ossur.
Figure 2: Global Rigid Knee Braces Market Value (US$ Mn) & Y-o-Y Growth (%), 2017-2027
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