Rigid knee braces are designed to provide continuous support and stability to the knee joint for patients suffering from conditions like osteoarthritis, anterior cruciate ligament (ACL) tears, and post-surgical recovery. They help to properly align the knee cap and limit excessive or improper movement of the knee joint.

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 Dynamics:

One of the key drivers for the growth of the rigid knee braces market is the increasing number of sports injuries. Knee injuries are among the most common sports injuries occurring across different sports like football, basketball, volleyball, etc. owing to sudden movements, falls, twists, and impact collisions. According to data by the National Safety Council, over 250,000 anterior cruciate ligament (ACL) injuries occur in the United States each year, often due to sports activities. Rigid knee braces help prevent re-injury and provide support to the healing knee ligaments and joints post-surgery. They aid in reducing pain, locking, or giving out of the knee during activities. Additionally, the growing geriatric population prone to knee osteoarthritis and injuries is also contributing to the demand for rigid knee braces for pain relief and improved mobility. However, high cost of advanced knee braces and availability of alternative treatment options may hamper market growth over the forecast period.

SWOT Analysis

Strength: Rigid knee braces provide stability and immobilization to injured or weakened knees. They reduce pain by limiting knee movement and avoid further injuries. The rigid design provides strong support which helps patients resume physical activities faster.

Weakness: Rigid knee braces restrict flexibility and range of motion more than other braces. They may feel uncomfortable to wear for long periods. Fitting may require customization which increases costs.

Opportunity: Rising sports injuries and aging population driving demand for orthopedic supports. Growing popularity of outdoor recreational activities increasing knee problems. Expanding e-commerce channels offer opportunity to reach wider customer base.

Threats: Stiff competition from substitutes like taping and alternative braces. Economic slowdowns may impact discretionary healthcare spending on knee supports. Stringent regulations for new product approvals pose challenges.

Key Takeaways

Global Rigid Knee Braces Market Size is expected to witness high growth over the forecast period. 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.

North America currently holds the largest share due to growing obesity rates and adoption of advanced knee bracing technologies. Major players are focused on this region for product launches and expansions.

Europe is the second largest and fastest growing regional market for rigid knee braces. Increasing healthcare expenditure and government support for access to orthopedic products are fueling demand. Key players are investing in distributor partnerships to strengthen foothold.

Asia Pacific region offers lucrative opportunities with rising medical tourism. Rapid infrastructure development and economic growth in countries like China and India coupled with large patient pools are attracting investments by global market leaders.

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., Össur, Thuasne USA, Zimmer Biomet, Kao Chen Enterprise Co., Ltd. These players are focusing on new product launches, acquisitions and geographic expansions to gain share.

 

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