Knee Braces Market

Global Knee Braces Market is valued at USD 1.76 Billion in 2022 and it is expected to reach USD 2.37 Billion by 2029 with a CAGR of 4.29% over the forecast period.

Scope of Global Knee Braces Market Report-

Knee braces are orthopedic devices designed to support and protect the knee joint. These are used to alleviate pain, reduce inflammation, and prevent further injury or damage to the knee. Knee braces are commonly used by athletes and people with knee problems such as osteoarthritis, ligament injuries, and knee instability.

The use of knee braces can be traced back to ancient times when people used bandages and other materials to support injured knees. Modern knee braces were first introduced in the 1960s and have since undergone significant improvements in design and materials. Knee braces are used in a variety of settings, including sports medicine, orthopedics, and rehabilitation.

These can be used for both the prevention and treatment of knee injuries and conditions. Knee braces are used by athletes, people with knee injuries or conditions, and those recovering from knee surgery.

Revenue Generation Model:

The revenue generated by knee braces is primarily through the sale of the devices. The market is also driven by research and development to create new and innovative products that can provide better support and protection for the knee.

Supply Chain Model:

The supply chain for knee braces involves manufacturers, distributors, and retailers. Manufacturers design and produce the braces, which are then distributed to retailers who sell them to end-users.

Value Chain Model:

The value chain for knee braces includes the design, development, production, and distribution of the devices. The value chain also includes research and development to create new and improved products that can better meet the needs of end-users.

Covid-19 Impact on the Global Knee Braces Market:

The Covid-19 pandemic has had a significant impact on the global knee braces market. With the sudden halt of elective surgeries and a shift in focus towards urgent medical needs, the demand for knee braces has witnessed a decline in the short-term. In addition, the imposition of lockdowns and social distancing measures have led to a decrease in sports-related injuries that typically require the use of knee braces.

However, the market is expected to recover in the long run due to the rising prevalence of knee injuries, particularly among the elderly population, and the increasing popularity of sports activities. The pandemic has also accelerated the adoption of e-commerce channels, which is likely to drive the growth of online sales of knee braces in the coming years.

Overall, the Covid-19 pandemic has disrupted the knee braces market in the short-term but is expected to create new opportunities in the long-term.

Key Players of Global Knee Braces Market Report-

• DJO Global
• Breg Inc.
• Bauerfeind AG
• DeRoyal Industries
• medi GmbH & Co. KG
• 3M Company
• Ottobock SE & Co. KGaA
• Thuasne Group
• Zimmer Biomet Holdings Inc.
• Össur Americas
• Orthofix International N.V.
• Mava Sports
• Mueller Sports Medicine Inc.
• McDavid Inc.
• Cho-Pat Inc.
• RDX Sports
• Shock Doctor Inc.
• Bracoo
• Vive Health
• DonJoy Orthopedics
• Zamst
• Bledsoe Brace Systems
• Orliman
• Dicarre
• Bodyprox
• CEP Compression
• Lohmann & Rauscher International GmbH & Co. KG
• Cybertech Medical
• Swede-O Inc.
• McFarland Orthopedic Group
• Bauerfeind USA Inc.
• Alcare Company Ltd.
• Mueller Sports Medicine
• BSN medical
• Aircast
• Bird & Cronin Inc.
• Medi-Dyne Healthcare Products Ltd.
• Bledsoe Brace Systems and Sports Medicine Inc.
• A-T Surgical Mfg. Co.Inc.

Global Knee Braces Market Segmentation:-

By Product:

• Unloader Knee Braces
• Prophylactic Knee Braces
• Rehabilitative Knee Braces
• Functional Knee Braces

By Application:

• Sports Use
• Ligament Support
• Arthritis
• Others

By End-User:

• Hospitals
• Orthopedic Clinics
• Online Retailers
• Other

By Regional & Country Level:

• North America
  • US.
  • Canada
• Europe
  • UK.
  • France
  • Germany
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Southeast Asia
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • GCC
  • Africa
  • Rest of Middle East and Africa

Market Drivers:

Increasing incidence of knee injuries and disorders: This is primarily due to the growing awareness among individuals about the benefits of knee braces in providing support and reducing pain and discomfort associated with knee injuries. Additionally, the aging population and the increasing participation in sports and fitness activities are leading to a higher prevalence of knee injuries and disorders.

For example; according to the Arthritis Foundation, osteoarthritis is the most common form of arthritis and affects over 32.5 million adults in the United States alone. The prevalence of osteoarthritis is expected to increase as the population ages, with the Centers for Disease Control and Prevention (CDC) estimating that by 2040, approximately 78 million adults in the United States will have arthritis.

The rising adoption of knee braces in sports medicine; The adoption of knee braces in sports medicine driven by the increasing awareness of sports-related injuries and the need for preventive measures. Athletes are more likely to experience knee injuries and are increasingly turning to knee braces to protect and stabilize their knees during training and competition. Additionally, advancements in knee brace technology have led to the development of more effective and comfortable products, which has further increased their adoption in sports medicine.

For example; according to the National Athletic Trainers' Association, knee braces are the most commonly used protective equipment in college football, with 68.3% of athletic trainers reporting that they prescribe knee braces to their players.

Market Restraints:

Adverse effects associated with knee braces: Adverse effects associated with knee braces, such as skin irritation and discomfort, can be a significant restraining factor for the knee braces market. Some patients may experience discomfort or irritation from wearing a knee brace, which can limit their willingness to use them as a treatment option. In some cases, these adverse effects may be severe enough to cause patients to discontinue the use of the knee brace altogether, leading to reduced effectiveness in treating knee injuries or disorders.

For example; a study published in the journal BMC Musculoskeletal Disorders found that 27% of patients reported experiencing skin irritation from wearing a knee brace. Additionally, negative experiences with knee braces can also lead to decreased patient satisfaction and reluctance to try knee braces in the future.

Limited reimbursement policies for knee braces: Many insurance policies do not cover the cost of knee braces, or have limited coverage, which can make them unaffordable for many patients. This can limit the adoption of knee braces as a treatment option, particularly for patients with limited financial resources. The lack of reimbursement policies can also limit the willingness of healthcare providers to prescribe knee braces, further limiting the market potential.

Additionally, a survey conducted by the American Academy of Orthopaedic Surgeons found that only 44% of insurance plans covered knee braces for osteoarthritis, and even fewer plans covered them for other indications such as ligament injuries or postoperative support. These findings suggest that many insurance policies do not fully cover the cost of knee braces.

Opportunity Factors:

• Growing demand for knee braces in emerging markets.
• Increasing adoption of telemedicine and remote patient monitoring, creating new opportunities for knee braces.
• Growing popularity of sports and fitness activities among the general population.
• Rising focus on preventive healthcare and injury prevention.
• Increasing partnerships and collaborations between manufacturers and healthcare providers.

Market Trend:

Product and Technology Development:

The Knee Braces market is witnessing a trend toward the development of more technologically advanced and innovative products. Manufacturers are incorporating new materials and technologies, such as 3D printing and smart sensors, to improve the design and functionality of knee braces.

Customer Trends:

There is an increasing trend toward the use of knee braces for preventive purposes, rather than just for treatment. Customers are also demanding knee braces that are more comfortable, lightweight, and customizable to their specific needs.

Market Competition Nature:

Key market players in the knee braces market are adopting various strategies to maintain and increase their market share. Some past strategies include mergers and acquisitions, product launches, and partnerships.

In the future, key players are likely to focus on developing new and innovative products, expanding their distribution channels, and investing in research and development to stay ahead of the competition.

Some market players are also focusing on creating niche products for specific patient groups, such as athletes or the elderly, to target specific segments of the market. Additionally, many players are expanding their online presence to reach a wider customer base and improve accessibility.

Geography Analysis:

North America:

In the United States, knee injuries are a common problem, particularly among athletes and the elderly. According to the Centers for Disease Control and Prevention (CDC), approximately 25% of adults in the United States have doctor-diagnosed arthritis, and the majority of these cases involve the knee.

The high prevalence of knee injuries and disorders in the United States is expected to drive demand for a Knee brace, making it the largest market for Knee braces in North America. For example; approximately 790,000 knee replacement surgeries are performed annually in the United States, and this number is projected to grow to 1.26 million by 2030.

Additionally, increasing awareness among healthcare providers and patients about the benefits of Knee brace for treating knee injuries and disorders is expected to further drive the market growth in North America. Furthermore, the availability of advanced technologies and a large number of market players in the region are also expected to contribute to the growth of the knee braces market in North America.

Europe:

In Europe, the Knee Braces market is driven by the increasing prevalence of knee injuries and disorders, as well as the growing geriatric population. According to a report by the European Musculoskeletal Review, knee disorders are among the most common musculoskeletal conditions in Europe, affecting an estimated 100 million people.

In addition, the increasing participation in sports and physical activities has led to a rise in knee injuries, particularly among young adults. This has led to increased demand for knee braces as a preventive measure and as a treatment option for knee injuries.

Key Benefits of Global Knee Braces Market Report–

• Global Knee Braces Market report covers in-depth historical and forecast analysis.
• Global Knee Braces Market research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, and Regional and Country Level.
• Global Knee Braces Market report helps to identify opportunities in the marketplace.
• Global Knee Braces Market report covers extensive analysis of emerging trends and competitive landscape.