Rigid Knee Braces Market is Anticipated to Witness High Growth Owing to Rising Prevalence of Knee Injuries

 

Rigid Knee Braces Market

The rigid knee braces market is driven by the rising prevalence of knee injuries such as ligament tears, arthritis, and fractures around the world. Rigid knee braces provide more stability and support to the knee joint compared to soft and hinged knee braces, making them a preferred choice for severe knee injuries. Some key advantages of rigid knee braces include precise fit, immobilization of the knee during rehabilitation, and correct alignment of the knee. The growing participation in sports and increasing rate of knee injuries have fueled the demand for rigid knee braces in recent years.

The Global Rigid Knee Braces Market is estimated to be valued at US$ 1142.1 million in 2024 and is expected to exhibit a CAGR of 6.6% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the rigid knee braces 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. The key players are engaging in new product launches and strategic collaborations to gain a competitive advantage in the market.

The Rigid Knee Braces Market Growth provides significant opportunities for manufacturers in the form of increased uptake in sports medicine and growing preference for advanced knee support devices. Additionally, the rising geriatric population susceptible to knee injuries and osteoarthritis also creates potential growth avenues.

Global expansion of key players in emerging markets of Asia Pacific, Latin America, and Middle East and Africa will further supplement the growth of the rigid knee braces market over the forecast period.

Market Drivers
Increasing demand from sports medicine: Rigid knee braces witness high demand from various contact and non-contact sports owing to its effectiveness in preventing ligament injuries and providing joint stability during physical activity and rehabilitation. The participation in sports and exercise is growing rapidly worldwide.

Growing geriatric population: Rise in global aged population prone to knee osteoarthritis and injuries acts as a major driver for rigid knee braces market. Older individuals tend to experience more knee issues requiring rigid braces for pain management and mobility support.

Market Restraints
High costs associated: Rigid knee braces with advanced features and technologies are often more expensive than other simpler knee support devices, limiting their adoption in price-sensitive regions. Cost may deter some patients requiring knee braces.

Discomfort issues: Rigid knee braces are less flexible than soft or hinged braces and provide limited mobility of the knee joint. They can cause discomfort, skin irritation, and edema (swelling) in patients, especially during prolonged use. This reduces patient compliance.

Segment Analysis
The rigid knee braces market can be segmented based on product, application, and distribution channel. Based on product, hinged knee braces dominate the market as they provide more stability and support to the knee joint compared to other types. Hinged braces restrict abnormal movement and help reduce pain caused by osteoarthritis or ligament injuries.

Based on application, the osteoarthritis segment leads the market. Osteoarthritis is a degenerative joint disease that affects cartilage and underlying bone. It commonly occurs in weight-bearing joints like knees. Rigid knee braces aid in reducing pain and improving mobility for osteoarthritis patients.

Based on distribution channel, the online stores segment is growing at the fastest rate. Increased internet and smartphone penetration is enabling customers to conveniently purchase knee braces from websites. Many players are also focusing on expanding their e-commerce presence to boost sales.

Global Analysis
Regionally, North America holds the largest share in the rigid knee braces market due to rise in healthcare spending and presence of major players. However, Asia Pacific is emerging as the fastest growing regional market. Population growth, developing healthcare infrastructure, and increasing prevalence of knee injuries and disorders are supporting the APAC market growth.

Countries like China, Japan, and India are anticipated to offer lucrative opportunities. Meanwhile, Latin America and Middle East & Africa also offer untapped potential for rigid knee braces manufacturers. Overall, growing geriatric population, rising sports & outdoor activities, and increasing healthcare expenditure globally are propelling the rigid knee braces demand worldwide.

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