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PUBLISHER: Grand View Research | PRODUCT CODE: 1571452
PUBLISHER: Grand View Research | PRODUCT CODE: 1571452
Knee Braces Market Size, Share & Trends Analysis Report By Product (Prophylactic, Functional, Rehabilitative, Unloader), By Application (Sports, Ligament, Arthritis), By End Use, By Region, And Segment Forecasts, 2024 - 2030
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Knee Braces Market Growth & Trends:
The global knee braces market size is anticipated to reach USD 1.85 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a 7.7% CAGR from 2024 to 2030. Rising prevalence of osteoarthritis and number of sports-related injuries are the key growth boosters for this market. The increasing burden of obesity is also anticipated to encourage youth to engage sports activities. Easy availability of braces through online stores is projected to further drive the product demand. This helps overcome the geographical barrier and facilitates easy product access.
Rising geriatric population plays a significant role in the market growth. According to the Department of Economic and Social Affairs Population Division, the global share of people aging 60 years and above has grown from 9.2% in 1990 to 11.7% in 2013, and this share is expected to rise to 21.1% by 2050. In 2017, the American Joint Replacement Registry released its Annual Report on the data related to knee arthroplasty that indicated a 101% rise in the procedures from the data collected for a period 2012 to 2016.The use of braces is mandatory after knee replacement surgeries to minimize the pain and to support the joints. Hence, these chronic diseases and associated surgeries create huge demand, thereby driving the growth of the overall market.
Knee Braces Market Report Highlights:
- Functional braces is the fastest growing segment of the knee braces market, owing to the rise in sports-related injuries and the wide acceptance of these braces.
- Arthritis led the application segment in 2023 and is expected to register a CAGR of 7.7% by 2030. The growth can be attributed to the rising prevalence of osteoarthritis and other joint-related diseases. Moreover, novel products such as unloader braces is anticipated to have wider application and acceptance thereby positively influence the market.
- E-commerce delivery channel segment is expected to showcase lucrative growth over the forecast period, due to huge product availability and rapid product delivery.
- North America held the largest revenue share in 2023, due to easy product availability online at a discounted rate. Asia Pacific is expected to emerge as the fastest growing regional market over the forecast period.
Product Code: GVR-3-68038-918-0
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Global Knee Braces Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.4. Global Knee Braces Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
- 3.4.1. Porter's Analysis
Chapter 4. Global Knee Braces Market: Product Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Knee Braces Market: Product Movement Analysis, 2023 & 2030 (USD Billion)
- 4.3. Prophylactic
- 4.3.1. Prophylactic Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Functional
- 4.4.1. Functional Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Rehabilitative
- 4.5.1. Rehabilitative Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6. Unloader
- 4.6.1. Unloader Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Global Knee Braces Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Knee Braces Market: Application Movement Analysis, 2023 & 2030 (USD Billion)
- 5.3. Sports
- 5.3.1. Sports Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Ligament
- 5.4.1. Ligament Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Arthritis
- 5.5.1. Arthritis Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Others (Tendonitis)
- 5.6.1. Others (Tendonitis) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Globe Knee Braces Market: End Use Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Knee Braces Market: End Use Movement Analysis, 2023 & 2030 (USD Billion)
- 6.3. Orthopedic Clinics
- 6.3.1. Orthopedic Clinics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. OTC
- 6.4.1. OTC Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Hospitals
- 6.5.1. Hospitals Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. DME Dealers
- 6.6.1. DME Dealers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Globe Knee Braces Market: Regional Estimates & Trend Analysis
- 7.1. Knee Braces Market Share, By Region, 2023 & 2030 (USD Billion)
- 7.2. North America
- 7.2.1. North America Knee Braces Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. U.S. Knee Braces Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Canada Knee Braces Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.4. Mexico
- 7.2.4.1. Mexico Knee Braces Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Knee Braces Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.2. U.K.
- 7.3.2.1. U.K. Knee Braces Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Germany Knee Braces Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.4. Italy
- 7.3.4.1. Italy Knee Braces Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.5. Spain
- 7.3.5.1. Spain Knee Braces Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.6. Denmark
- 7.3.6.1. Denmark Knee Braces Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.7. Sweden
- 7.3.7.1. Sweden Knee Braces Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.8. Norway
- 7.3.8.1. Norway Knee Braces Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Knee Braces Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.2. China
- 7.4.2.1. China Knee Braces Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.3. Japan
- 7.4.3.1. Japan Knee Braces Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.4. India
- 7.4.4.1. India Knee Braces Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.5. South Korea
- 7.4.5.1. South Korea Knee Braces Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.6. Australia
- 7.4.6.1. Australia Knee Braces Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.7. Thailand
- 7.4.7.1. Thailand Knee Braces Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Knee Braces Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Knee Braces Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.3. Argentina
- 7.5.3.1. Argentina Knee Braces Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Knee Braces Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.2. Saudi Arabia
- 7.6.2.1. Saudi Arabia Knee Braces Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.3. UAE
- 7.6.3.1. UAE Knee Braces Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.4. South Africa
- 7.6.4.1. South Africa Knee Braces Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.5. Kuwait
- 7.6.5.1. Kuwait Knee Braces Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Heat Map Analysis
- 8.4. Company Profiles
- 8.5. Breg, Inc.
- 8.5.1. Participant's Overview
- 8.5.2. Financial Performance
- 8.5.3. Product Benchmarking
- 8.5.4. Recent Developments/ Strategic Initiatives
- 8.6. Bauerfeind USA Inc.
- 8.6.1. Participant's Overview
- 8.6.2. Financial Performance
- 8.6.3. Product Benchmarking
- 8.6.4. Recent Developments/ Strategic Initiatives
- 8.7. Ottobock
- 8.7.1. Participant's Overview
- 8.7.2. Financial Performance
- 8.7.3. Product Benchmarking
- 8.7.4. Recent Developments/ Strategic Initiatives
- 8.8. Ossur
- 8.8.1. Participant's Overview
- 8.8.2. Financial Performance
- 8.8.3. Product Benchmarking
- 8.8.4. Recent Developments/ Strategic Initiatives
- 8.9. TYNOR ORTHOTICS
- 8.9.1. Participant's Overview
- 8.9.2. Financial Performance
- 8.9.3. Product Benchmarking
- 8.9.4. Recent Developments/ Strategic Initiatives
- 8.10. Enovis Corporation (DJO)
- 8.10.1. Participant's Overview
- 8.10.2. Financial Performance
- 8.10.3. Product Benchmarking
- 8.10.4. Recent Developments/ Strategic Initiatives
- 8.11. Mueller Sports Medicine, Inc.
- 8.11.1. Participant's Overview
- 8.11.2. Financial Performance
- 8.11.3. Product Benchmarking
- 8.11.4. Recent Developments/ Strategic Initiatives
- 8.12. Weber Orthopedic LP. DBA Hely & Weber.
- 8.12.1. Participant's Overview
- 8.12.2. Financial Performance
- 8.12.3. Product Benchmarking
- 8.12.4. Recent Developments/ Strategic Initiatives
- 8.13. McDavid.
- 8.13.1. Participant's Overview
- 8.13.2. Financial Performance
- 8.13.3. Product Benchmarking
- 8.13.4. Recent Developments/ Strategic Initiatives
- 8.14. Dicarre LLC
- 8.14.1. Participant's Overview
- 8.14.2. Financial Performance
- 8.14.3. Product Benchmarking
- 8.14.4. Recent Developments/ Strategic Initiatives
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