Knee Braces Market

Knee Osteoarthritis segment is dominating the Global Knee Braces Market Owing to Rising Aging Population

by

The global Knee Braces Market is estimated to be valued at US$ 1.85 billion in 2021 and is expected to exhibit a CAGR of 4.34% over the forecast period (2022-2029), as highlighted in a new report published by Coherent Market Insights.

  1. A) Market Overview:

The knee braces market is witnessing significant growth due to the increasing prevalence of knee osteoarthritis and sports-related injuries. The rising aging population and the growing adoption of knee braces for pain management and injury prevention are driving market growth. However, the high cost associated with advanced knee braces and limited reimbursement policies may hinder market growth to some extent.

  1. B) Market Key Trends:

One key trend in the knee braces market is the development of advanced knee braces using innovative materials and technologies. For example, manufacturers are increasingly using lightweight and breathable materials such as neoprene and elastic fabrics to improve comfort and flexibility for patients. These advanced knee braces provide better support, stability, and pain relief, enhancing the overall patient experience.

  1. C) Segment Analysis:

The knee braces market is segmented based on the application, including knee osteoarthritis, ligament injury, and others. Among these segments, the knee osteoarthritis segment is dominating the market owing to the rising aging population worldwide. Knee osteoarthritis is a common degenerative joint disease that causes pain, stiffness, and swelling, leading to a higher demand for knee braces for pain management and improved mobility. Within the knee osteoarthritis segment, the hinged knee braces sub-segment is dominating due to their ability to provide additional stability and support for the knee joint.

  1. D) Key Takeaways:

Paragraph 1: The global Knee Braces Market is expected to witness high growth, exhibiting a CAGR of 4.34% over the forecast period, due to increasing prevalence of knee osteoarthritis and sports-related injuries.

Paragraph 2: Regionally, North America is the fastest-growing and dominating region in the knee braces market due to the high prevalence of knee osteoarthritis and a well-established healthcare infrastructure.

Paragraph 3: Key players operating in the global knee braces market include Colfax Corporation (DJO Global, Inc.), 3M Company, Orthofix Medical, Inc., Mueller Sports Medicine, Inc., McDavid, Inc., Bauerfeind AG, Medi GmbH & Co. KG, Otto Bock Healthcare GmbH, Tynor Orthotics Private Limited, Ossur Corporate, Zimmer Inc., Corin Group, DePuy Synthes, Johnson & Johnson Services Inc., B. Braun Melsungen AG, DJO Global, Inc., Baumer Holding AG, SurgTech Inc., and Wright Medical Group N.V.

The knee braces market is witnessing significant growth due to the increasing prevalence of knee osteoarthritis and sports-related injuries. Advanced knee braces with innovative materials and technologies are being developed to improve patient comfort and support. The knee osteoarthritis segment is dominating the market, driven by the rising aging population. North America is the fastest-growing region, while key players such as DJO Global, Inc. and 3M Company are leading in the market. Overall, the knee braces market is expected to witness steady growth in the coming years.