Rigid Knee Braces Market Growth Accelerated By Increase In Sports Injuries Globally
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Rigid Knee Braces Market |
Rigid knee braces are medical
devices intended for knee joint stability, support, and pain management. They
provide rigid, versatile support through different hinge mechanisms and straps
to protect the knee from unwanted movements and subsequent injuries.
The global Rigid Knee Braces Market is estimated to be
valued at US$ 991.4 Mn in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period
2023 to 2030, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
Increase in sports injuries has been a key driving factor for the growth of
rigid knee braces market. Participation in contact sports such as football,
basketball, rugby and others has increased considerably over the years.
However, it has also led to rise in knee injuries due to tackles, falls, twists
and blows. According to National Safety Council, sports injuries account for
over 3 million doctor visits annually in the US. Rigid knee braces are highly
effective in preventing knee injuries, supporting the joint, and hastening
recovery from existing injuries. They provide rigid stabilization and restrict
unwanted movements of the knee. This has contributed to the growing demand and
uptake of rigid knee braces globally. The market is expected to witness
continued growth over the forecast period due to rising sports culture and
participation globally.
Segment Analysis
The global rigid knee braces market is dominated by the hinged knee braces
segment, which accounted for over 35% of the market share in 2024. Hinged knee
braces are preferred for moderate to severe osteoarthritis and injury
rehabilitation as they provide adequate stability and proper alignment to the
knee. The drop lock knee braces segment is expected to witness fastest growth
during the forecast period due to their versatility of motion and support.
Key Takeaways
The global rigid
knee braces market analysis is expected to witness high growth during the
period 2023 to 2030. The global Rigid Knee Braces Market is estimated to be
valued at US$ 991.4 Mn in 2023 and is expected to exhibit a CAGR of 6.6% over
the forecast period 2023 to 2030.
Regional analysis
North America dominated the global rigid knee braces market in 2024 and is
expected to remain the largest market during the forecast period. This is
attributed to the growing geriatric population suffering from knee disorders
and increasing healthcare investments in the region. The Asia Pacific region is
projected to witness the fastest growth during the forecast period owing to
rapid economic development, improving healthcare infrastructure, and increasing
disposable incomes in emerging economies such as China and India.
Key players
Key players operating in the rigid knee braces market are Mueller Sports
Medicine, Inc., DJO Global, LLC, ACE Brand, Tynor Orthotics Private Limited, 3M
Science, Mava Sports, Bauerfeind AG, Breg, Inc., Ossur, Thuasne USA, Zimmer
Biomet, Kao Chen Enterprise Co., Ltd, Össur, Orthosys, Bauerfeind USA Inc.,
Orliman S.L.U., Steeper Inc., Beagle Orthopedic, Essity Medical Solutions, Bird
& Cronin, LLC, Ottobock, Trulife, DeRoyal Industries, Inc., and Remington
Medical Equipment.
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