Press release
Knee Braces Market To See Stunning Growth | Breg, Inc., 3M Co, Mueller Sports Medicine Inc., REH4MAT Slawomir Wronski
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Factors Influencing
The growing cases of orthopedic knee diseaseis the primary factor driving the growth of the global knee braces market. Moreover, the global knee braces market is forecast to grow rapidly due to the growing sports-related injuries.
The increasing number of road accidents and knee injuries are forecast to propel the growth of the market.
The increasing rate of the geriatric population is another factor driving the demand for knee braces. Moreover, benefits like product affordability and efficiency are forecast to fuel the market growth.
Increasing healthcare expenditure and spending by private companies would act as a beneficial factor for the market growth.
The growing inclination towards pain medication may hamper the growth of the global knee braces market. In addition, online promotions leading to growing public awareness would benefit the market players in the global knee braces market.
Geographic Analysis
Regionally, North America is forecast to emerge as the highest shareholder in the global knee braces market. The growth of the region is projected to be mainly because of the increasing prevalence of orthopedic knee disorder, growing sports events, and increasing geriatric population. Furthermore, government initiatives and rising healthcare expenditure would significantly fuel the market growth during the study period.
The Asia-Pacific region is forecast to contribute significantly to the global knee braces market. The Asia-Pacific market would grow mainly due to the increasing geriatric population and growing cases of orthopedic knee disorders. Apart from that, increasing healthcare expenditure and favorable government initiatives would act as a profitable opportunity for the market players.
COVID-19 Impact Analysis
The COVID-19 pandemic had a negative impact on the global knee braces market, majorly due to the unavailability of raw materials and laborers. Due to lockdown and travel restrictions, companies witnessed several challenges in the continuation of manufacturing, production, and trade activities. Moreover, sports activities and road accidents declined abruptly, which ultimately declined the demand for knee braces.
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Moreover, it was necessary for the population to protect themselves and avoid visiting hospitals and other places. Healthcare providers also postponed the surgeries, which ultimately hampered the growth of the global knee braces market.
Competitors in the Market
Breg, Inc.
3M Co
Mueller Sports Medicine Inc.
REH4MAT Slawomir Wronski
Leatt Corporation
DeRoyal Industries Inc.
Orthofix Holdings Inc.
Medi GmbH & Co. KG.
Other prominent players
Market Segmentation
Insight by Type
Functional Knee Braces
Prophylactic Knee Braces
Unloader Knee Braces
Rehabilitative Knee Braces
Insight by Application
Ligament Injury
Preventive Care
Post-Operative Rehabilitation
Osteoarthritis
Compression Therapy
Insight by End User
Hospitals
Surgical Centers
Orthopedic Clinics
Others
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Insight by Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What is the goal of the report?
-The market report presents the estimated size of the Healthcare market at the end of the forecast -period.
-The report also examines historical and current market sizes.
-During the forecast period, the report analyzes the growth rate, market size, and market valuation.
-The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
-The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
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