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Knee Braces Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

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Knee braces are medical aids used for the prevention of knee injury during sports activities and for the reduction of pain caused due to medical conditions such as osteoarthritis, tendonitis, and other injuries. Athletes as well as patients suffering from arthritis and other knee injuries adopt knee braces to get rid of pain. Knee braces support knee joints to prevent injuries. These are used for fast recovery after surgery and rehabilitation of knee joints. Knee braces are created from a combination of metal, plastic, straps, foam, and elastic materials. These braces are available in different sizes, designs, and colors.

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.

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.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market    

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