Knee Braces Market Global Outlook 2018-2026 |Key Companies Alex Orthopedic, Body Sport, Bell Horn, Cho-Pat, DJO Global, Medi-Dyne, Medline
This report studies the global Knee Braces Speaker market, analyzes and researches the Knee Braces Speaker development status and forecast in North America, Europe, Asia Pacific, Latin America and Rest of the World. This report focuses on the top players in global market, like Alex Orthopedic Inc., Body Sport, Bell Horn, Cho-Pat, DJO Global, Medi-Dyne and Medline.
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The global knee brace market growth is driven by increasing number of orthopedic knee surgeries, growing prevalence of osteoarthritis diseases, and rising number of injuries in athletics. The growing demand for knee support brace system is attributed to factors such as rise in awareness about preventive support system during sports activities, increase in the number of accidents leading to high rate of knee injuries, and rise in aging population which creates high prevalence of arthritic patients. The alliance of key players with online networks to provide knee braces directly to end-users has resulted in the easy availability of these products, which has further boosted the growth of the market.
The global knee braces market can be segmented on the basis of product type, end user and geographical regions.
On the basis of types of braces available,
1) Rehabilitative braces: These are involves in providing stability to allow a limited movement while an injury is healing.
Unloader braces: These braces are generally used by people suffering from arthritis to relieve the pain.
2) Prophylactic braces: These are the protective braces generally worn to avoid knee injuries during sports. These braces are commonly used by athletes.
3) Knee Sleeves: These are support devices that are used to provide compression around the knee joints are used for knee support and controlling pain and swelling around the knee area.
Based on the end user,
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The global knee brace market can be segmented into product type, application, end-user, and region. In terms of product type, the market can be segmented into prophylactic braces, functional braces, rehabilitative braces, and unloader braces. Functional braces and prophylactic braces segments are anticipated to augment the market growth owing to increase in athletic injuries and a large number of patients suffering from arthritis and other ligament-related injuries. In terms of application, the market can be segmented into arthritis, tendonitis, knee ligament injury, athletic activity, and others. The knee ligament injury segment is further categorized into anterior cruciate ligament (ACL), medial collateral ligament (MCL), and posterior cruciate ligament (PCL). Arthritis and athletic activity segments are likely to dominate the knee brace market during the forecast period due to rising prevalence of arthritis worldwide and increasing awareness about preventive support during high-risk sport activities such as basketball and football.
Based on end-user, the market has been segmented into hospitals, clinics, and others. The clinics segment is anticipated to hold a significant share of the market owing to a large number of patients preferring to visit clinics for the treatment of arthritis and sprains rather than hospitals. Growing incidence of accidents and surgeries leading to a high rate of hospitalization is projected to boost the market growth of the hospitals segment.
North America is the largest shareholder of the global market, followed by Europe. According to Centers for Disease Control and Prevention (CDC), around 30 million adults in the U.S. are affected with osteoarthritis in 2016 suggesting high consumption of knee braces for the treatment of this disease in the U.S. Moreover, developing countries such as China, Japan and India are emerging as potential regional competitors to build a strong market share in the global knee braces industry due to improvement in healthcare infrastructure, government revenue towards developing safety facilities and orthopedic facilities, awareness about importance of maintaining good health among the people and rise in the rates of obesity.
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