The global demand for Knee Bracing Devices Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX Kilo Units in 2019 and foreseen to touch XX Kilo Units by 2026 with a CAGR of XX% during 2020-2026.
Knee brace refers to a tool or support that is worn when one has pain in the knee. Some people use it during sports, exercise, or physical activity. It manages the discomfort of knee osteoarthritis and prevents injury during exercise. Knee braces function to reduce pain by shifting weight off the most damaged portion of your knee and improve the ability to get around and help walk farther comfortably. There are various braces: functional braces, rehabilitative braces, unloader braces, prophylactic braces, and knee sleeves. These are made from combinations of foam, plastic, metal, or elastic straps.
The increasing burden of knee osteoarthritis is driving the growth of the market. The growing aging population and rising injuries due to accident and sports activities contribute to the ever-increasing prevalence of osteoarthritis. Osteoarthritis affects over 32.5 million US adults. It is more in women than men; prevalence increases dramatically with age. Among the chronic rheumatic diseases, knee osteoarthritis (OA) is the most prevalent and leading cause of disability and pain in most countries worldwide. Growing penetration of health insurance in developed and developing countries further contributes to market growth. The future of the knee bracing device looks promising, with several changes in demographics, which will lead to further change. Players are launching a new product with new advancements, combined with excellent protection and comfort. New products are manufactured with the most advanced range of motion (ROM) protection and improved user-friendly design for faster, easier application and adjustment.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of knee bracing devices.
The entire knee bracing devices market has been sub-categorized into product and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Prophylactic Braces
- Functional Braces
- Rehabilitative Braces
- Unloader Braces
This section covers regional segmentation which accentuates on current and future demand for knee bracing devices market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Knee Bracing Devices Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the knee bracing devices market include Mueller Sports Medicine, Inc., DJO Global, LLC, ACE Brand, Tynor Orthotics Private Limited, 3M, Mava Sports, Bauerfeind AG, Breg, Inc., Ossur, Kinex. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.