by Rigid knee braces are widely used for knee injury rehabilitation and prevention. Knee injuries are one of the most common sports injuries, affecting athletes and amateur sports players. The growing participation in sports has increased the risk of knee ligament tears and injuries. For instance, according to statistics, skiing injuries account for over 50% of all sports injuries in the United States every year. Rigid knee braces offer joint stability and immobilization, preventing excessive joint motion during rehabilitation.
The global rigid knee braces market is estimated to be valued at US$ 1142.1 Mn in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2024 to 2031, according to a recent report.
The global rigid knee braces market is driven by the growing prevalence of knee injuries owing to increasing risk factors such as obesity, sedentary lifestyles, and sports injuries. It is estimated that over 250,000 anterior cruciate ligament (ACL) injuries occur each year in the United States alone. Moreover, the geriatric population is more prone to knee osteoarthritis and injuries due to weakening bones and joints with age. These population segments are creating strong demand for knee injury prevention and rehabilitation products such as rigid knee braces.
Market Dynamics:
The rigid knee braces market is expected to be flourished by the growing prevalence of knee injuries as highlighted in the heading. The two main drivers of the rigid knee braces market are the rising risk of knee injuries due to increasing sports participation and growing obese population. Sports injuries, especially ACL and meniscus tears, are becoming more common owing to the aggressive nature of many contact sports and intense training regimens. According to studies, being overweight puts extra stress on the knees elevating the risk of osteoarthritis. Thus, the surging prevalence of obesity globally is leading to a proportional rise in knee conditions necessitating the use of rigid knee braces.
Segment Analysis
The global rigid knee braces market can be segmented based on product type, application, sales channel and region. Based on product type, the hinged knee braces segment is expected to dominate the market during the forecast period. Hinged knee braces provide extra support and stability to the knee joint thereby preventing injury and pain. These knee braces are preferred for moderate to severe knee injuries.
PEST Analysis
Political: Government initiatives and favorable reimbursement policies in developed regions are promoting the adoption of knee braces.
Economic: Rising healthcare spending and growing geriatric population suffering from osteoarthritis are fueling the demand for knee braces.
Social: Increasing participation in sports and physical activities despite aging is driving the need for knee support devices like knee braces.
Technological: Advancements in material science are leading to the development of lightweight and comfortable knee braces with additional resistance and support features.
Key Takeaways
Global Rigid Knee Braces Market Size is expected to witness high growth over the forecast period of 2024 to 2031 supported by increasing incidence of knee injuries worldwide. The global rigid knee braces market is estimated to be valued at US$ 1142.1 Mn in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2024 to 2031.
The North American region currently dominates the market due to presence of major players and growing sports injuries in the region. The Asia Pacific region is anticipated to witness the fastest growth during the forecast period supported by rising elderly population, increasing healthcare spending and improving access to orthopedic treatments in major countries like China and India.
Key players comprises: Key players operating in the rigid knee braces market are Mueller Sports Medicine, Inc., DJO Global, LLC, ACE Brand, Tynor Orthotics Private Limited, 3M Science, Mava Sports, Bauerfeind AG, Breg, Inc., Ossur, Thuasne USA, Zimmer Biomet, Kao Chen Enterprise Co., Ltd, Össur, Orthosys, Bauerfeind USA Inc., Orliman S.L.U., Steeper Inc., Beagle Orthopedic, Essity Medical Solutions, Bird & Cronin, LLC, Ottobock, Trulife, DeRoyal Industries, Inc., and Remington Medical Equipment.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
