SEATTLE, May 17, 2021, (MEDGADGET) — Overview:
Metal, plastic, moldable foam, synthetic rubber, padding or elastic material, and belts are among the rigid and flexible materials used in knee braces. Knee braces come in a variety of sizes and with pressure-adjustment features. Custom knee braces, on the other hand, are made to match the exact dimensions of the knee.
Covid-19 Impact:
During this COVID-19 pandemic, every treatment or service that is considered “non-essential,” including orthopaedic equipment such as rigid knee braces, is automatically shut down. The orthopaedic industry has been adversely affected by this crisis, which has resulted in a shortage of both doctors and orthopaedic equipment. Furthermore, many patients’ routine hospital visits have declined at an unprecedented pace which affected the growth of rigid knees braces market.
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Drivers:
Rise in the rate of osteoarthritis and meniscus injuries among the geriatric population is expected to propel the growth of global rigid knee braces market. According to the United Nations, the number of people aged 60 and up is expected to increase by 56% between 2015 and 2030, rising from 901 million to 1.4 billion. Furthermore, according to CDC data from 2015, 23.7 million adults in the United States have functional limitations in their daily activities due to arthritis, implying a high prevalence of osteoarthritis. Knee injury, meniscus injury, use of knee braces as a preventive measure to avoid knee injuries by sports players and athletes, and people with genetic effects who have defects in natural collagen development contributing to knee pain are among the other factors driving the global knee braces market growth.
Restraints:
High cost of knee braces is expected to hinder the growth of the global rigid knee braces market over the forecast period.
The global rigid knee braces market is estimated to be valued at US$ 836.6 million in 2020 and is expected to exhibit a CAGR of 4.2% during the forecast period (2020-2027).
Market Taxonomy:
By Type:
- Prophylactic Braces
- Functional Braces
- Rehabilitative Braces
- Unloader Braces
By Application:
- Arthritis
- Tendonitis
- Knee Ligament Injury
- Athletic Activity
- Others
By End User:
- Hospitals
- Clinics
- Orthopedic Centers
- Rehabilitation Centers
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
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Regional Analysis:
North America is expected to witness significant growth in rigid knee braces market owing to the increasing launch of new osteoarthritis knee braces. For instance, Townsend Design released Active Reliever, a single-upright soft shell osteoarthritis (OA) knee brace, in 2015. This off-the-shelf or custom-fitted brace is intended to alleviate discomfort by reducing load on the injured or degenerating side of the knee.
Moreover, Asia Pacific is also expected to witness significant growth in the global rigid knee braces market, owing to increasing prevalence of rheumatologic problem. For instance, According to the Ministry of Health and Family Welfare of the Government of India, osteoarthritis is the second most common rheumatologic problem and the most common joint condition in India, with a prevalence of 22% to 39%. Women are more likely than men to develop OA. Furthermore, according to the same source, approximately 45 percent of women over the age of 65 have symptoms, while 70% of those over the age of 65 show radiological evidences of OA.
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Global Rigid Knee Braces Market – Competitive Landscape
Key players operating in the global rigid knee braces market include Mueller Sports Medicine, Inc., DJO Global, LLC, (Donjoy), ACE Brand, Tynor Orthotics Private Limited, 3M Science, Mava Sports, Bauerfeind AG, Breg, Inc., and Ossur.
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