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| Global Rigid Knee Braces Market Size |
Rigid Knee Braces help provide stability, support, and alignment to the knee joint. They effectively reduce pain and increase mobility for patients suffering from osteoarthritis, ligament tears, and other knee injuries. Rigid knee braces immobilize and realign the joint using rigid plastic or carbon fiber shells.
The global Rigid Knee Braces Market is estimated to be
valued at US$ 1142.1 Mn in 2023 and
is expected to exhibit a CAGR of 6.6% over
the forecast period 2024-2031, as highlighted in a new report published by
Coherent Market Insights.
Market key trends:
The rising prevalence of knee disorders such as osteoarthritis, anterior
cruciate ligament tears, and meniscus tears are driving the growth of the rigid
knee braces market. According to the Arthritis Foundation, osteoarthritis (OA)
affects over 32.5 million adults in the US. Risk factors for knee OA include
older age, obesity, previous knee injuries, and certain jobs that stress the
knee joint. Rigid knee braces are widely used in knee OA treatment as they
effectively offload pressure from knee joints, strengthen muscles, and align
the knee for improved movement. Additionally, they find increasing usage post
knee surgeries such as ACL reconstruction and meniscectomy to provide stability
and aid rehabilitation. The growing geriatric population susceptible to
age-related knee conditions will continue driving demand for rigid knee braces
over the forecast period.
Segment Analysis
The global rigid knee braces market is segmented on the basis of type, design,
application and distribution channel. Based on type, the hinged knee braces
segment dominates the market as these types of braces are lightweight, durable
and provide optimal stability and support to the knee joint.
Key Takeaways
Global
Rigid Knee Braces Market Size is
estimated to be valued at US$ 1142.1 Mn
in 2023 and is expected to exhibit a CAGR
of 6.6% over the forecast period 2024-2031.
Regional Analysis
North America is expected to dominate the global rigid knee braces market
during the forecast period. This is attributed to rising geriatric population,
growing healthcare expenditure and increasing incidence of knee injuries in the
region. According to the Centers for Disease Control and Prevention, around
660,000 people visit the emergency room for knee injuries annually in the US.
Key Players Analysis
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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