Rigid Knee Braces Market Is Driven By Increasing Rise Of Sports Injuries
The rigid knee braces market comprises of knee braces primarily used for sports-related injuries such as ligament tears, knee strains, and arthritis. Rigid knee braces provide rigid support to the knee joint and help in reducing pain and inflammation. Made of lightweight, yet durable plastic or metal materials, rigid knee braces immobilize the knee and restrict its movement to allow healing. Some key advantages of rigid knee braces include stability, compression, and protection of the knee joint from further damage or injury. The growing popularity of sports and the rising incidents of knee injuries is fueling the demand for rigid knee braces.
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 Market Demand 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 growing demand for knee injury management and pain relief solutions is fueling the rigid knee braces market. Advancements in material sciences and designs have made rigid knee braces more comfortable and effective.
Key players are expanding their global footprint through partnerships and distribution agreements to tap the growth opportunities in developing regions.
Market drivers
One of the key drivers of the rigid knee braces market is the increasing participation in sports and recreational activities globally. Sports injuries, especially related to the knee joint are widespread. Rigid knee braces are widely prescribed for sprains, tears, fractures, and other knee injuries to provide immobilization and support during recovery. The demand for rigid knee braces is expected to significantly rise with the growing popularity of sports.
Geopolitical factors impacting growth of the Rigid Knee Braces Market
The Rigid Knee Braces market has witnessed steady growth over the past few years. However, rising geopolitical tensions across key regions are posing challenges. The ongoing Russia-Ukraine conflict and sanctions on Russia have disrupted supply chains and inflated raw material prices. This has limited the availability of components and driven up production costs for manufacturers. Additionally, recurring lockdowns in China due to its zero-COVID policy have hampered logistics and trade. The supply chain disruptions caused by lockdowns in China coupled with the port closures are restricting international trade flows and delaying product shipments. These geopolitical issues have hindered market expansion to some extent.
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