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Knee Braces Market worth $3.56 billion by 2030, growing at a CAGR of 6.85% - Exclusive Report by 360iResearch
Knee Braces Market | 360iResearch
The Global Knee Braces Market to grow from USD 2.23 billion in 2023 to USD 3.56 billion by 2030, at a CAGR of 6.85%.
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Knee braces encompass a variety of supports worn on the knee to provide stability, manage pain, and prevent injuries during physical activities. These devices range from simple sleeves to complex structures with hinges and straps designed for rehabilitation after injury or surgery and for preventive measures in sports and daily activities. The use of knee braces is driven by factors such as the growing elderly population susceptible to knee-related issues, increasing participation in sports and athletic activities leading to injuries, and advancements in the materials and technology used in brace construction, enhancing comfort and effectiveness. However, the presence of alternative treatments and therapies may limit the usage of knee braces. The lack of awareness and education about the benefits of knee braces in some regions and the need for customization, which can increase cost and complexity, hampers the adoption of knee braces. Opportunities within the market lie in the potential for innovation in design and materials to improve brace functionality, the expansion of distribution channels, particularly in emerging economies, and the emphasis on sports safety and preventive healthcare practices, potentially boosting the adoption of knee braces.
Market Segmentation & Coverage:
This research report categorizes the Knee Braces Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Functional, Prophylactic, Rehabilitative, and Unloader. The Functional is projected to witness significant market share during forecast period.
Based on Application, market is studied across Arthritis, Ligament, and Sports. The Sports is projected to witness significant market share during forecast period.
Based on Delivery Channel, market is studied across E-Commerce, Hospitals & Orthopedic Clinics, and Retail. The E-Commerce is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Knee Braces Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Knee Braces Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Knee Braces Market, highlighting leading vendors and their innovative profiles. These include 3M Company, AdvaCare Pharma, Bauerfeind AG, Becker Orthopedic, Breg, Inc., Corflex Global, Mava Sports, Medi GmbH & Co. KG, Ottobock SE & Co. KGaA, Pelican Manufacturing, REH4MAT, Remington Medical Equipment Ltd., Stauffer Glove & Safety, United Ortho, and Össur Group.
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Knee Braces Market, by Product
7. Knee Braces Market, by Application
8. Knee Braces Market, by Delivery Channel
9. Americas Knee Braces Market
10. Asia-Pacific Knee Braces Market
11. Europe, Middle East & Africa Knee Braces Market
12. Competitive Landscape
13. Competitive Portfolio
14. Appendix
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Knee Braces Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Knee Braces Market?
3. What is the competitive strategic window for opportunities in the Knee Braces Market?
4. What are the technology trends and regulatory frameworks in the Knee Braces Market?
5. What is the market share of the leading vendors in the Knee Braces Market?
6. What modes and strategic moves are considered suitable for entering the Knee Braces Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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