The global knee braces market was valued at USD 1.6 billion in 2018. The market is growing at a significant rate, due to the increasing occurrence of orthopedic diseases and disorders and expanding the geriatric population. Different types such as functional knee braces, prophylactic knee braces, unloader knee braces, and rehabilitative knee braces contributed to the knee braces market size. The market has witnessed continuous demand for functional knee braces in the coming years due to enhance knee stability and function offered by functional knee braces.
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The escalating number of orthopedic knees surgeries related with injuries such as sprained medial knee ligament, posterior cruciate ligament rupture, anterior cruciate ligament rupture, and patella tendonitis abundant product affordability, increasing alertness regarding the preventive support system, and increasing healthcare expenditure are also facilitating the growth for the knee braces market.
Substantial acceptance of pain medication, inadequate patient experience for bracing facilitated orthopedic treatment, and inadequate clinical evidence to aid the therapeutic effectiveness of orthopedic braces are the major challenges for the growth of the knee braces market.
Increasing promotional activities by the key product manufacturers, escalating sales of online products, and escalating the number of clinical studies on knee braces over ACDF surgeries is the opportunities for the global knee braces market.
Asia-Pacific is observed to witness the fastest growth in the market, due to the growing geriatric population, and the increasing occurrence of orthopedic knee diseases and disorders. In addition, the mounting number of orthopedic surgical procedures, escalating awareness of preventive care, and increasing healthcare expenditure are also creating a positive impact on the knee braces market growth in the region.
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Key players in the knee braces market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In February 2019, Breg, Inc., launched Breg Quantum OA, a next-generation knee brace for mild to severe osteoarthritis. In addition, in January 2019, Leatt Corporation launched Z-Frame knee brace, for active unloading in a sleek and intuitive design.
Some of the key players operating in the global knee braces market are Breg, Inc., 3M Co, Mueller Sports Medicine Inc., REH4MAT Slawomir Wronski, Leatt Corporation, DeRoyal Industries Inc., Orthofix Holdings Inc., and medi GmbH & Co. KG.
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