Press release
Knee Braces Market Size 2012 to 2016 and Forecast 2017 to 2023
Knee Braces Market
Market Dynamics: Global Knee Braces Market
Global knee braces market is expected to witness robust growth over the forecast period due to rise in number of people suffering from injuries and diseases such as osteoarthritis. In addition, rise in number of sports injuries and accidents also expected to boost the global knee braces market. Furthermore, athletes and sports persons are adapting the knee braces to avoid the injuries; this also expected to have positive impact on revenue growth over the forecast period. However, prices of knee braces and limited clinical evidence for the applications of knee braces may hamper the global knee braces market during the forecast period.
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Market Scope: Global Knee Braces Market
Global Knee Braces market is segmented based on
Based on type, global knee braces market is segmented into
• Prophylactic Knee Braces
• Rehabilitative Knee Braces
• Patellofemoral Knee Braces
• Functional Knee Braces
Based on application / use this market is segmented into
• Medical Use
• Sports Use
Based on end user, This market is segmented into
• Hospitals
• Orthopaedic Clinics
• Others
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Regional Analysis: Global Knee Braces Market
Knee Braces market is divided into five key regions, i.e. North America, Europe, Asia Pacific, Latin America, and The Middle East and Africa. North America Knee Braces market is expected have significant growth rate due to growing number of osteoarthritis cases and growing awareness regarding the use of protective knee braces during the sport. For instance, according to CDC, around 30 Mn adults are affected with osteoarthritis in 2016. In addition technological advancements and price reductions in knee braces expected to positively impact the market size in the region. Asia Pacific knee braces market is expected to have lucrative market growth owing to the factors such as developing healthcare infrastructure in emerging countries such as India and China. Furthermore, increase in expenditure on health and awareness towards the health may bolster the Asia Pacific knee brace market during the forecast period. Europe knee brace market is projected to have significant market growth arte owing to technological advancements, rising awareness related to the use of braces in sports and disease conditions such as osteoarthritis.
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Competition Assessment: Global Knee Braces Market
Key player’s profiles in global Knee Braces market include
• Becker Orthopedic (U.S.)
• 3M Company (U.S.)
• Chase Ergo Inc. (U.S.)
• BSN Medical GmbH (Germany)
• Dicarre Llc (U.S)
• Corflex Inc. (U.S.)
• Medi Gmbh & Co. Kg (Germany)
• Pelican Manufacturing(Australia)
• Össur (Iceland)
• Remington Products Company (Spectrum Brands Holdings, Inc.) (U.S.)
• Reh4Mat (Poland)
• Zimmer Biomet Holdings Inc. (U.S.)
• United Ortho (U.S.)
• DJO Global Inc. (U.S.)
• Spring Loaded Technology Inc. (Canada)
Notable Market Developments: Global Knee Braces Market
• In May 2015, Townsend Design launched Active Reliever, a osteoarthritis knee brace in north America and sales began in July 2015
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