The global knee braces market was valued at USD 1.6 billion in 2018 and is expected to grow at a CAGR of 4.4% during the forecast period. Globally, key players in the knee braces market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In February 2019, Breg, Inc., launched Breg Quantum OA, a next-generation knee brace for mild to severe osteoarthritis. In addition, in January 2019, Leatt Corporation launched Z-Frame knee brace, for active unloading in a sleek and intuitive design.
The market is growing at a significant rate, due to the increasing occurrence of orthopedic diseases and disorders and expanding the geriatric population. Different types such as functional knee braces, prophylactic knee braces, unloader knee braces, and rehabilitative knee braces contributed to the knee braces market size.
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Hospitals and surgical centers category held largest share in the knee braces market in 2018
On the basis of end-user, the global knee braces market is categorized into hospitals and surgical centers, orthopedic clinics, and others. Of all the end-users, the hospitals and surgical centers accounted for a foremost share in the knee braces market, owing to the increasing number of orthopedic knee surgical procedures that require post-operative surgical rehabilitation.
Geographically, North America is the largest knee braces market as in the region, owing to the increasing prevalence of orthopedic knee disorder and diseases such as osteoarthritis and meniscal injuries. In addition, growing geriatric population, and increasing healthcare expenditure are also up surging the growth of the North American knee brace market.
Some of the key players operating in the global knee braces market are Breg, Inc., 3M Co, Mueller Sports Medicine Inc., REH4MAT Slawomir Wronski, Leatt Corporation, DeRoyal Industries Inc., Orthofix Holdings Inc., and medi GmbH & Co. KG.
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The report provides the market value for the base year 2018 and a yearly forecast till 2024 in terms of revenue (USD Million). The report segments the global knee braces market on the basis of type, application, end user, and region.
Global Knee Braces Market Coverage
Type Insight and Forecast 2014-2024
Application Insight and Forecast 2014-2024
End-User Insight and Forecast 2014-2024
Knee Braces Market by Region
Rest of the World (RoW)