April 20, 2024
Rigid Knee Braces Market

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

Global Rigid Knee Braces Market Overview

Rigid knee braces are important medical devices that provide support and protection to the knee joint. It helps in reducing injury and provides stability to the knee joint during activities. Rising cases of knee injuries such as anterior cruciate ligament (ACL) injury, meniscus injury, arthritis, and more have increased the demand for rigid knee braces globally. Knee braces assist in rehabilitation and recovery from injuries by restricting knee movements and taking pressure off the healing tissues. Some key advantages of rigid knee braces include pain relief, controlled knee joint movement, stability support during physical activities, and faster recovery. With rising sports injuries, growth of the aging population prone to joint issues, and increasing health awareness, the need for effective knee supports like rigid knee braces has increased significantly.

The Global Rigid Knee Braces Market is estimated to be valued at US$ 1142.1 Mn in 2024 and is expected to exhibit a CAGR of 6.6% over the forecast period from 2024 to 2030.

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 rigid knee braces market provides substantial opportunities for manufacturers due to the growing demand for technologically advanced products. Companies are focusing on developing braces featuring materials like carbon fiber and lightweight metals that can offer superior comfort and functionality. There is also high scope for penetration in untapped emerging markets through strategic partnerships and acquisition of local players.

Globally, the market leaders from developed regions are focusing on expanding their presence across Asia Pacific and Latin America. Substantial joint disorder patient pools, growing healthcare expenditures, and rising medical tourism are attracting global players to invest in manufacturing and distribution facilities in high potential developing markets.

Market Drivers and Restraints

Growing incidence of knee injuries due to sports activities and road accidents is a major driver for rigid knee braces market. Rising awareness regarding need for post-injury knee support and prevention of reinjury is also supporting demand. Increased healthcare spending on joint disorders treatment and focus on injury prevention is anticipated to propel market growth over the forecast period.

High cost of technologically advanced rigid knee braces may restrict broader adoption, especially in price sensitive developing markets. Lack of adequate reimbursement policies also poses challenges. Conventional alternatives like rice packs or knee sleeves are common preferences in price sensitive regions, which hinders rigid knee braces market potential.

Segment Analysis

The rigid knee braces market is divided into two primary segments- hinged knee braces and removable knee braces. Hinged knee braces is currently the dominating sub-segment of rigid knee braces, accounting for approximately 60% of the total market share. Hinged knee braces provide greater stability and support to the knee joint, especially for moderate to severe knee injuries. The hinge locks the knee at a specific degree of flexion, preventing hyper-extension and reducing pain and risk of further damage. Their rigidity makes them very effective for ACL/PCL tears, meniscal tears, and other ligament injuries where immobilization is a priority over maximum flexibility.

Global Analysis

Regionally, North America is currently the largest and fastest growing market for rigid knee braces, growing at a CAGR of around 7% during the forecast period. High prevalence of knee injuries from sports and daily activities, growing geriatric population prone to arthritis, and developed healthcare infrastructure are some key factors driving the North American rigid knee braces market. The United States accounts for the major share in the regional market. On the other hand, Asia Pacific region is expected to emerge as the second largest and fastest growing regional market during the forecast period, rising at a CAGR of around 8%. Improving access to healthcare and increasing awareness about knee bracing products are boosting the uptake of rigid knee braces across the Asia Pacific region.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it