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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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Knee Braces Market