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Discover the Growth of the Knee Braces Market
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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. However, high cost of knee braces is restraining the market growth.
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. The others segment includes sports institutes and emergency and trauma centers.
In terms of region, the global market is distributed over North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held a major share of the market in 2016, followed by Europe. Increasing prevalence of osteoarthritis, growing aging population, and rising awareness about knee braces for the treatment of arthritis and sports injuries are the major factors contributing to the market growth in North America. The market in Asia Pacific is likely to grow rapidly during the forecast period due to rising incidence of arthritis and presence of a large population base. In addition, availability of high-quality treatment and rise in the adoption of sport activities among the young population are driving the market growth in Asia Pacific.
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Key players operating in the global knee brace market include Mueller Sports Medicine, Inc., DJO Global, LLC, (Donjoy), ACE Brand, Tynor Orthotics Private Limited, 3M Science, Mava Sports, Bauerfeind AG, Breg, Inc., Össur among others.
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