Global RigidKnee Braces Market, By Type (Prophylactic Braces, Functional Braces,Rehabilitative Braces, and Unloader Braces), By Application (Arthritis, Tendonitis, Knee Ligament Injury,Athletic Activity, and Others), By End User (Hospitals and Clinics, OrthopedicCenters, and Rehabilitation Centers), and By Region (North America, LatinAmerica, Europe, Asia Pacific, Middle East, and Africa), is estimated to bevalued at US$ 836.6 million in 2020 andis expected to exhibit a CAGR of 4.2% over the forecast period (2020-2027), ashighlighted in a new report published by Coherent Market Insights.
The rapidly evolving COVID-19pandemic at global level is impacting the rigid knee braces market negatively.As the hospital outpatient-based wound care departments have been placed in thenon-essential group by many hospitals are facing a difficult situation for thepatients with arthritis.
Key players are focused ondevelopment and launch of new knee braces in the market, which is expected tocontribute significantly to the global rigid knee braces market growth. Forinstance, in January 2019, Leatt Corporation, a leading developer and marketerof protective equipment and ancillary products for a wide variety of sports,especially extreme high-velocity sports, launched a new Z-Frame knee brace. Itwas engineered to help reduce knee forces and limit knee injuries, and is CEcertified as both a medical and impact protection device.
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Furthermore, in February 2019,Breg, Inc. launched Breg Quantum OA, a next-generation knee brace for mild tosevere osteoarthritis.
Moreover, in November, 2019, OttoBock Healthcare launched Agilium Vantage, a low-profile, wraparound knee brace.This brace is designed for providing lasting pain relief for patients with mildunicompartmental osteoarthritis (OA).
In June 2018, Ossur introducedÖssur Formfit Pro line of 3D compressive knit solutions. This line providesknit solutions for ankle, wrist, knee, elbow, etc. The Pro line was designedfor people suffering from different types of musculoskeletal ailments andconditions.
Browse 34 Market Data Tables and34 Figures spread through 181 Pages and in-depth TOC on Global Rigid KneeBraces Market, By Type (Prophylactic Braces, Functional Braces, RehabilitativeBraces, and Unloader Braces), By Application (Arthritis, Tendonitis, Knee Ligament Injury, Athletic Activity, andOthers), By End User (Hospitals and Clinics, Orthopedic Centers, andRehabilitation Centers), and By Region (North America, Latin America, Europe,Asia Pacific, Middle East, and Africa) - Forecast to 2027"
Increasing promotional activitiesby key product manufacturers, escalating sales of online products, and risingnumber of clinical studies on knee braces over ACDF surgeries provide growthopportunities for the global rigid knee braces market.
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Key Takeaways of the Global RigidKnee Braces Market:
The global rigid knee bracesmarket is expected to exhibit a CAGR of 4.2% over the forecast period(2020-2027), owing to increasing product launches
Among type, the prophylacticbraces segment is expected to hold a major revenue share in 2027. Prophylacticknee braces are designed to prevent or reduce the severity of knee injuries.
Major players operating in theglobal rigid knee braces market include Mueller Sports Medicine, Inc., DJOGlobal, LLC, (Donjoy), ACE Brand, Tynor Orthotics Private Limited, 3M Science,Mava Sports, Bauerfeind AG, Breg, Inc., and Ossur
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