Rigid Knee Braces Market | Coherent Market Insights

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• RIGID KNEE BRACES MARKET ANALYSIS
• Rigid Knee Braces Market, By Type (Prophylactic
  Braces, Functional Braces, Rehabilitative Braces,
  and Unloader Braces), By Application (Arthritis,
  Tendonitis, Knee Ligament Injury, Athletic
  Activity, and Others), By End User (Hospitals and
  Clinics, Orthopedic Centers, and Rehabilitation
  Centers), and By Region (North America, Latin
  America, Europe, Asia Pacific, Middle East, and
  Africa) - Size, Share, Outlook, and Opportunity
  Analysis, 2020 - 2027

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• Knee braces are made from one or more combination
  of rigid and flexible materials such as metal,
  plastic, moldable foam, synthetic rubber, padding
  or elastic material and straps. Knee braces are
  available in several sizes and have provision for
  pressure adjustment. On the other hand, custom
  knee braces are designed in a way to perfectly
  fit the exact knee measurements.
• During this COVID-19 pandemic situation, any
  procedure or service that is deemed
  non-essential is being shut down immediately
  including orthopedic devices like rigid knee
  braces. This situation have impacted the
  orthopedic industry negatively with shortage of
  both doctors and orthopedic devices. In addition
  to that, the regular hospital visits of many
  patients have decreased in an alarming rate which
  negatively impacted the growth of rigid knee
  braces market.
• The global rigid knee braces market is estimated
  to be valued at US 836.6 million in 2020 and is
  expected to exhibit a CAGR of 4.2 during the
  forecast period (2020-2027).

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• Figure 1 Global Rigid Knee Braces Market Share
  () Analysis, By Type, 2020

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• High incidence rate of osteoarthritis and
  meniscus injuries are expected to drive growth of
  the global rigid knee braces market
• The prevalence and incidence rate of
  osteoarthritis and meniscus injuries among the
  geriatric population are the primary reasons that
  drive growth of the global rigid knee braces
  market. The United Nations suggest that number of
  people aged over 60 years is projected to grow by
  56, accounting a rise from 901 million to 1.4
  billion during 2015 to 2030. Moreover, according
  to the CDC data in 2015, 23.7 million adults in
  the U.S. have functional limitations in their
  regular movements due to diagnosed of arthritis,
  suggesting strong probabilities of prevalence of
  osteoarthritis. Other factors that are
  responsible for driving the global knee braces
  market growth includes knee injury, meniscus
  injury, use of knee braces as preventive measures
  to avoid knee injuries by sports players and
  athletes, and people with genetic effects that
  have defects in natural collagen production
  leading to knee pain.
• Global Rigid Knee Braces Market -
  RestraintsHowever, high cost of knee braces is
  expected to hamper the global rigid knee braces
  market growth over the forecast period.

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Rigid Knee Braces Market Report Coverage

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Global Rigid Knee Braces Market Regional
Analysis

• North America accounted for the largest share in
  the global rigid knee braces market in 2019,
  owing to increasing launch of new osteoarthritis
  knee braces. For instance, in 2015, Townsend
  Design launched Active Reliever, a soft shell
  single-upright osteoarthritis (OA) knee brace.
  This off-the-shelf or custom fitted brace is
  designed to relieve pain by reducing load on the
  side of the knee that has been injured or
  progressively degenerated.
• Furthermore, Asia Pacific is also expected to
  witness significant growth in the global rigid
  knee braces market, owing to increasing
  prevalence of arteritis. For instance, according
  to the Ministry of Health and Family Welfare,
  Government of India 2016, osteoarthritis is the
  second most common rheumatologic problem and it
  is the most frequent joint disease with a
  prevalence of 22 to 39 in India. OA is more
  common in women than men. Furthermore, according
  to the same source around 45 of women over the
  age of 65 years have symptoms while 70 of those
  over 65 years show radiological evidence of OA.

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• Figure 2 Global Rigid Knee Braces Market Value
  (US Mn) Y-o-Y Growth (), 2017-2027

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• Global Rigid Knee Braces Market - Competitive
  Landscape
• Key players operating in the global rigid knee
  braces market include Mueller Sports Medicine,
  Inc., DJO Global, LLC, (Donjoy), ACE Brand, Tynor
  Orthotics Private Limited, 3M Science, Mava
  Sports, Bauerfeind AG, Breg, Inc., and Ossur.

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