The Rigid Knee Braces Market Is Expected To Be Flourished By Growing Prevalence Of Knee Related Injuries

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Rigid knee braces are orthopedic devices used to support and protect the knee joint from injuries. They are made of carbon-fiber or plastic material that limits knee movement and provides relief from pain. Common uses include supporting the knee after an injury like ligament tear, knee replacement surgery, or managing conditions like osteoarthritis. Rigid knee braces are also preferred by athletes and sports enthusiasts for preventing knee injuries during high-impact activities.

The global Rigid Knee Braces Market is estimated to be valued at US$ 991.4 Mn in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:

One of the major drivers for the growth of the rigid knee braces market is the growing prevalence of knee injuries due to different reasons. According to the American Academy of Orthopaedic Surgeons, over 250,000 people undergo knee replacement surgery each year in the U.S. alone due to conditions like osteoarthritis. Additionally, risk of knee injuries is high among athletes and sportspersons involved in sports like football, basketball, and skiing due to collisions and sudden changes in movement. Rigid knee braces provide stability and support to the knee joint, protecting it from further damage or pain. They help speed up recovery and allow the patient to resume normal activities without placing strain on the knee.

The growing popularity and participation in sports is another key factor driving the demand for rigid knee braces. More people are taking part in recreational and competitive sports globally which has increased the risk of knee injuries. Manufacturers are also focusing on developing advanced knee braces featuring new materials and designs for improved therapy and protection. This is expanding product offerings and boosting sales revenues in the market.

Segment Analysis
The rigid knee braces market can be segmented into hinged knee braces, adjustable knee braces, and others. Among these, the hinged knee braces segment holds the largest market share owing to its benefits of firm, reliable support and protection for the knee. Hinged knee braces act as supplemental ligament for the knee joint and are widely used for temporary injuries, post-surgery support, and control joint movement.

PEST Analysis
Political: Regulations around the quality standards and safety of medical devices impact the rigid knee braces market.
Economic: Rising disposable incomes in developing economies allow greater spending on healthcare thereby driving market growth.
Social: Growing participation in sports activities, adventurism, and work-related risks lead to greater need for rigid knee braces.
Technological: Advancements in materials used for rigid knee braces like lightweight carbon fiber and neoprene offer enhanced comfort and durability.

Key Takeaways
The global rigid knee braces market share is expected to witness high growth over the forecast period of 2023 to 2030. The global Rigid Knee Braces Market is estimated to be valued at US$ 991.4 Mn in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030.

The North American region is witnessing high usage of rigid knee braces due to increasing cases of knee injuries and arthritis among the aging population. However, the Asia Pacific region is expected to grow at the fastest pace during the forecast period due to rising medical infrastructure and increasing healthcare expenditure in developing countries like China and India.

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

Ravina
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Ravina Pandya,  Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.