Knee Braces Market Size, Share, Industry, Forecast and outlook (2024-2031)

Knee Braces Market is segmented By Product Type (Prophylactic braces, Functional braces, Rehabilitative braces, Unloader/offloader braces), By Application (Knee ligament injury, Arthritis, Tendonitis, Athletic activity, Others), By End-User (Hospitals, Clinics, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Knee Braces Market Overview

Knee Braces Market is estimated to grow at a CAGR of 5% during the forecast period 2024-2031.

Knee braces are used to prevent knee injury during sports activities and for the reduction of pain caused due to medical conditions such as osteoarthritis, tendonitis, and other injuries. Athletes, as well as patients suffering from arthritis and other knee injuries, adopt knee braces to get rid of the pain. Knee braces support knee joints to prevent injuries. These are used for fast recovery after surgery and rehabilitation of knee joints. Knee braces are made from different materials such as metal, plastic, straps, foam, and elastic materials. These braces are available in different sizes, designs, and colors.

Knee Braces Market Summary

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Knee Braces Market Dynamics

The global knee braces market is growing due to the increasing prevalence of osteoarthritis diseases, the rising number of orthopedic knee surgeries, and a growing number of injuries in athletics. Osteoarthritis (OA) is the most common joint disorder in the United States. Among adults 60 years of age or older the prevalence of symptomatic knee, OA is approximately 10% in men and 13% in women.

The prevalence of OA is increasing due to population aging and an increase in related factors such as obesity. According to the United Nations, by 2050 people aged over 60 will account for more than 20% of the world’s population. Of that 20%, a conservative estimate of 15% will have symptomatic OA, and one-third of these people will be severely disabled. This concludes that by 2050, 130 million people will suffer from OA worldwide, of whom 40 million will be severely disabled by the disease.

The demand for knee braces is rapidly growing due to growing awareness of preventive support systems during sports activities, the rising number of accidents that lead to a high rate of knee injuries, and the growing population which creates a high prevalence of arthritic patients. In addition, with ease of availability of products online is also driving the growth of the market during the forecast period.

However, the high cost of knee braces is retraining the growth of the market.

Knee Braces Market Segmentation Analysis

The global knee brace market can be segmented by product type into prophylactic braces, functional braces, rehabilitative braces, and unloader braces. Among these, functional braces accounted for the largest market share in 2018, due to an increase in athletic injuries and a large number of patients suffering from arthritis and other ligament-related injuries. The enhanced knee stability and function offered by functional knee braces to people with anterior cruciate ligament (ACL) injuries is laos driving the growth of the functional knee braces market.

Based on application, the knee braces market can be segmented into knee ligament injury, arthritis, tendonitis, athletic activity, and others. The knee ligament injury segment is further categorized into medial collateral ligament (MCL), anterior cruciate ligament (ACL), and posterior cruciate ligament (PCL). Among these, arthritis and athletic activity dominated the knee brace market during the forecast period owing to the increasing prevalence of arthritis globally and rising awareness about preventive support during high-risk sports activities such as basketball and football.

Global Knee Braces Market Geographical Share

North America was dominating the Knee Braces market in 2018, and it is expected to remain dominant over the forecast period. The increasing prevalence of osteoarthritis, the growing aging population, and rising awareness about knee braces for the treatment of arthritis and sports injuries are the major factors contributing to the market growth in North America. According to the Centers for Disease Control and Prevention (CDC), around 30 million adults in the U.S. are affected with osteoarthritis in 2016, leading to the high demand for knee braces for the treatment of the disease.

The Asia Pacific knee braces market is also estimated to grow at a significant CAGR during the forecast period due to the rising incidence of arthritis and the presence of a large population base. Developing countries such as China and India are emerging markets for knee braces due to improved healthcare infrastructure and growing awareness towards the treatment of diseases. In addition, the availability of high-quality treatment and the rise in the adoption of sports activities among the young population are driving market growth in the Asia Pacific.

Knee Braces Market Companies and Competitive Landscape

Some of the major players in the global Knee Braces market are Mueller Sports Medicine, Inc., DJO Global, LLC (Donjoy), ACE Brand, Tynor Orthotics Private Limited, 3M Science, Mava Sports, Bauerfeind AG, Breg, Inc., and Össur. The key players are adopting strategies such as mergers and acquisitions, partnerships, and regional expansion to stand out as strong competitors in the market. New product launches along with an increased focus on R&D are other ways the leading players improve their market presence. For instance,

In January 2019, Leatt Corporation, a leading developer and marketer of protective equipment and ancillary products for a wide variety of sports, especially extreme high-velocity sports, launched a new Z-Frame knee brace. Engineered to help reduce knee forces, the Z-Frame limits knee injuries and is CE certified as both a medical and impact protection device.