Latin America Knee Braces Market Growth And Key Industry Players 2021 Analysis

Precision Business Insights published a research report on “Latin America Knee Braces Market: By Type (Prophylactic Knee Braces, Rehabilitative Knee Braces, Patellofemoral Knee Braces, Functional Knee Braces), By application/ use (Medical Use, Sports Use), By End User (Hospitals, Orthopaedic Clinics and Others) and Geography - Global/Region/Country Forecast to 2027".

Knee braces are medical devices that are used to avoid knee injuries during sports and to relieve pain caused by medical disorders including osteoarthritis, tendonitis, and other traumas. Knee braces are used by athletes as well as those suffering from arthritis and other knee problems to relieve discomfort. Knee braces provide support to the knee joints and help to avoid injury. These are utilized for quick recovery following surgery and knee joint therapy. Metal, plastic, straps, foam, and elastic materials are all used to make knee braces. These braces come in a variety of sizes, patterns, and colors. Due to COVID-19, orthopedic procedures were postponed until 2020, resulting in a decrease in the need of orthopedic braces and supports. COVID-19 caused around 6.3 million orthopedic procedures to be postponed or cancelled globally, according to statistics given by the University of Birmingham and published in the British Journal of Surgery in May 2020. In addition, orthopedic and hospitals in a few places were shut down or had their operations reduced, while other hospitals were converted to containment facilities and treatment wards for COVID-19 patients, which is predicted to have an influence on the market being examined.

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Ankle and foot fractures are among the most prevalent types of injuries treated by orthopedic teams across the world. Pain and disability, as well as physical, psychological, and social variables, all play a role in the long-term effects and difficulties. Stress fractures in the ankles and feet caused by overuse and repeated exercise are particularly prevalent among athletes, especially those who participate in running sports. Refraining from high-impact activities in the beginning while returning rapidly raises the chance of total fractures. The cost-effectiveness of these braces for a variety of orthopedic issues such as sprains, fractures, and traumatic injuries, as well as rising sports injuries and an older population, are all driving this segment's rise. Finding the correct fit or adjusting brace selection based on the age of a patient with additional illness, such as obesity or diabetes, is a huge difficulty. Long-term usage also causes gait problems, knee discomfort, and low back pain.

On the basis of Application, the market is fragmented into Ligament, Arthritis, Sports, and Other Applications. In terms of Product, the market is categorized into Unloader, Functional, Prophylactic and Rehabilitative. In terms of Delivery Channel, the market is classified into Hospitals/ Orthopedic Clinics E-commerce, and Retail.

In terms of revenue share, Latin America led the worldwide knee braces market in 2018. Doctors advocate knee braces for injury prevention and rehabilitation, osteoarthritis treatment, and postoperative recovery. As a result, factors such as the increased frequency of osteoarthritis, the growing senior population, and insurance coverage availability are expected to boost regional demand. Furthermore, rising youth interest in sporting activities is likely to drive demand for preventative and functional braces.

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There are some major players working in latin america knee braces market, which 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 Latin America Inc. (U.S.) Spring Loaded Technology Inc. (Canada)

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