The Knee Braces market is estimated to grow at a 5.7% CAGR between 2024 and 2031. The market value is expected to rise from YY USD in 2024 to YY USD by 2031. North America is projected to lead this market. Key metrics include an increase in the prevalence of knee-related disorders, a rise in sports injuries, and a greater awareness of non-surgical treatment options.
The Knee Braces market is gradually rising due to an older population, increased sports activities, and advancements in brace technology. The increasing prevalence of osteoarthritis, as well as the growing trend of preventative healthcare, are propelling market expansion. Furthermore, the trend towards minimally invasive therapies and the increasing use of knee braces as an alternative to surgery are boosting market growth.
Market Trend: Rising adoption of custom-fit 3D-printed knee braces revolutionises patient care.
Custom-fit 3D-printed knee braces are becoming increasingly popular in the knee brace market. This achievement is being driven by advances in 3D printing technology and a growing need for personalised medical equipment. Custom-fit braces are more comfortable, offer superior support, and improve patient outcomes than off-the-shelf alternatives.
The use of digital scanning technologies, which allow for precise measurements and great fit, intensifies the trend even more. Major orthopaedic businesses are investing in 3D printing technology to create tailored knee braces. This trend is anticipated to continue as healthcare providers acknowledge the benefits of custom-fit braces in improving patient compliance and treatment efficacy.
Furthermore, the use of 3D-printed knee braces is extending beyond their traditional applications, including tailored braces for athletes and high-performance individuals. The ability to tailor support levels and incorporate biomechanical data into brace design opens up new avenues for athletic performance and injury prevention.
Market Driver: Increasing prevalence of osteoarthritis and sports-related knee injuries fuels market growth.
The rising incidence of osteoarthritis and sports-related knee injuries is a primary driver of the knee brace market. Osteoarthritis, particularly in the knees, is becoming increasingly common as the population ages and obesity rates increase. According to the World Health Organisation, osteoarthritis affects approximately 18% of women and 9.6% of men aged 60 and up globally.
Furthermore, as more people engage in sports and fitness activities, the number of sports-related knee injuries rises. According to the American Academy of Orthopaedic Surgeons, over 150,000 ACL (Anterior Cruciate Ligament) injuries occur annually in the United States alone. The rise in knee injuries is driving up the need for knee braces for both prevention and therapy.
Knee braces are a popular choice among physicians and patients since they help with pain management, mobility, and joint function. As awareness of nonsurgical treatment options grows, so will demand for knee braces, accelerating market growth.
Market Restraint: Lack of reimbursement policies and high costs limit market accessibility.
The knee braces industry faces significant challenges due to limited reimbursement laws and the high prices associated with modern brace technologies. In many countries, health insurance companies may not fully cover the cost of knee braces, especially for non-surgical procedures, leaving patients to pay out of cash.
Many patients may struggle to afford the high cost of technologically advanced knee braces, particularly custom-fit and smart braces. This cost barrier is especially common in emerging economies and low-income populations. According to industry experts, high-end knee braces can cost more than $1,000, making them out of reach for a sizable portion of potential buyers.
The Hinged Braces segment dominates the Knee Braces market, driven by its versatility in providing support for various knee conditions and injuries.
The Hinged Braces segment dominated the Knee Braces market due to its many applications in treating ligament injuries, osteoarthritis, and postoperative recovery. Hinged braces provide a balance of stability and movement, making them suitable for both athletic and daily use.
In sports medicine, hinged knee braces are particularly popular for preventing and treating ligament injuries. The global sports medicine market, which overlaps strongly with the knee braces business, is expected to reach $YY billion by 2023, growing at a 5.7% CAGR from 2023 to 2031. This rise directly influences the need for hinged knee braces.
Another important aspect pushing the hinged braces industry is an older population. The global population aged 65 and up is expected to grow to 1.5 billion by 2050, significantly increasing the prevalence of osteoarthritis. Hinged knee braces are regularly prescribed to osteoarthritis patients to relieve pain and improve mobility, adding to the segment's appeal.
Furthermore, developments in hinged brace technology have resulted in the development of lightweight, low-profile models that are more comfortable and wearable. For example, some manufacturers have created hinged braces with adjustable flexion and extension controls, allowing for customised support according to the patient's specific needs and stage of recovery.
The postoperative recovery segment also contributes significantly to the hinged brace industry. The need for post-operative knee braces is likely to skyrocket as the number of knee replacement procedures globally rises, with the United States alone projected to increase by 673% by 2030.
Dominating Region: North America leads the Knee Braces market, driven by a high prevalence of knee disorders, advanced healthcare infrastructure, and increasing sports participation.
North America has established itself as the market leader in knee braces, accounting for the largest global share. This dominance is attributable in part to the region's high incidence of knee-related ailments, well-developed healthcare infrastructure, and high levels of sports involvement.
The United States, in particular, has a substantial impact on the region's market leadership. The country's high obesity rates and ageing population have led to an increase in osteoarthritis, which is a key driver of knee brace use. The Centres for Disease Control and Prevention (CDC) estimate that over 32.5 million people in the United States have osteoarthritis, with the knee being one of the most often affected joints.
The region's concentration on sports and physical activities has driven up demand for knee braces. The National Collegiate Athletic Association (NCAA) reports that over 480,000 students participate in collegiate sports each year, creating a substantial market for sports-related knee braces.
North America's advanced healthcare system and increasing healthcare spending contribute to increased availability and use of knee braces. Healthcare providers in the region are more likely to prescribe knee braces as part of treatment plans, and patients have greater access to these devices through a variety of channels.
According to industry experts, the North American knee braces market would grow at a 6.2% CAGR from 2024 to 2031, above the global average. Continuous product innovation, improved knowledge of non-invasive treatment options, and the expanding trend of preventative healthcare all help to drive this expansion.
In terms of country trends, Canada has seen a significant increase in knee brace adoption, particularly among its rapidly growing geriatric population. The Canadian government's emphasis on promoting active ageing and decreasing healthcare costs has led to greater support for non-surgical therapy like knee braces.
The Knee Braces market is marked by severe competition among leading companies, who focus on product innovation, material advancements, and expanding distribution networks. Market leaders are investing heavily in R&D to develop knee braces that are more comfortable, effective, and technologically advanced.
One of the market's most significant endeavours is the development of smart knee braces with sensors and networking capabilities. Several companies are developing knee braces that can measure movement, assess pressure, and send real-time feedback to patients and healthcare professionals.
Mergers and acquisitions have significantly influenced the competitive landscape. In 2023, a large orthopaedic business purchased a startup that specialised in 3D-printed personalised knee braces, with the intention of boosting its position in the customised medical equipment market.
Product diversification is another major strategy, with companies focused on developing customised braces for certain scenarios or target segments. For example, some manufacturers are designing knee braces specifically for osteoarthritis patients, while others are focused on high-performance braces for sports.
In terms of market share, the top five firms control almost 45% of the global knee brace market. However, the industry is seeing the emergence of new competitors, particularly in the e-commerce space, which will enhance competition and most certainly contribute to pricing pressures in the coming years.
Financial performance among the leading players has been strong, with the majority reporting sustained sales growth in their various orthopaedic areas over the past year. This growth is mostly due to the increasing usage of knee braces as a non-invasive treatment option, as well as improved awareness of joint health.
Looking ahead, the competitive landscape will undoubtedly shift as new materials and manufacturing processes emerge. Some companies are exploring the use of novel composites and smart fabrics in knee brace design, which could disrupt the market by boosting performance and comfort.
The Knee Braces market is likely to expand more in the next few years due to increased frequency of knee ailments, greater sports participation, and developments in brace technology. The market's trajectory is closely related to an increased demand for non-invasive treatment options and a shift towards preventative healthcare.
The introduction of digital health technology into knee braces is an important topic to keep an eye on. As wearable technology progresses, we may see knee braces that not only provide support but also collect valuable information about joint health, activity patterns, and recovery progress. This could change the way knee disorders are monitored and treated.
The market is also seeing a gradual shift towards more sustainable and ecologically friendly materials in knee brace production. As environmental concerns gain traction, companies producing biodegradable or recyclable knee braces are projected to gain a competitive advantage. This change has the potential to reshape the market environment, rewarding companies that use new, sustainable production techniques.
Geopolitical problems, particularly healthcare legislation and reimbursement laws, may have a significant impact on the knee brace business. Changes in healthcare coverage for orthopaedic devices may support or hinder market growth, depending on the policies in place.
DJO Global, Inc.
Össur hf
Breg, Inc.
Thuasne Group
Bauerfeind AG
3M Company
Otto Bock Healthcare GmbH
BSN Medical GmbH
Medi GmbH & Co. KG
Mueller Sports Medicine, Inc.
July 2023: DJO Global, Inc. launched a new line of smart knee braces featuring built-in sensors and Bluetooth connectivity for real-time tracking of joint movement and pressure.
February 2024: Ossur HF announced a partnership with a leading sports medicine research institute to develop advanced knee braces specifically designed for high-impact sports.
1. INTRODUCTION
1.1. Market Definitions & Study Assumptions
1.2. Market Research Scope and Segment
1.3. Research Methodology
2. EXECUTIVE SUMMARY
2.1. Market Overview & Insights
2.2. Segment Outlook
2.3. Region Outlook
3. COMPETITIVE INTELLIGENCE
3.1. Companies Financial Position
3.2. Company Benchmarking—Key Players
3.3. Market Share Analysis -- Key Companies
3.4. Recent Companies Key Activities
3.5. Pricing Analysis
3.6. SWOT Analysis
4. COMPANY PROFILES (Key Companies List by Country) (Premium)
5. COMPANY PROFILES
5.1. DJO Global, Inc.
5.2. Össur hf
5.3. Breg, Inc.
5.4. Thuasne Group
5.5. Bauerfeind AG
5.6. 3M Company
5.7. Otto Bock Healthcare GmbH
5.8. BSN Medical GmbH
5.9. Medi GmbH & Co. KG
5.10. Mueller Sports Medicine, Inc. (LIST NOT EXHAUSTIVE)
6. MARKET DYNAMICS
6.1. Market Trends
6.1.1. Rising adoption of custom-fit 3D-printed knee braces revolutionises patient care
6.1.2. Integration of smart technologies in knee braces
6.1.3. Growing demand for eco-friendly and sustainable knee brace materials
6.2. Market Drivers
6.2.1. Increasing prevalence of osteoarthritis and sports-related knee injuries fuels market growth
6.2.2. Rising geriatric population and associated knee disorders
6.2.3. Advancements in knee brace design and materials
6.3. Market Restraints
6.3.1. Lack of reimbursement policies and high costs limit market accessibility
6.3.2. Limited awareness in developing regions
6.4. Market Opportunities
6.5. Porter's Five Forces Analysis
6.5.1. Threat of New Entrants
6.5.2. Bargaining Power of Buyers/Consumers
6.5.3. Bargaining Power of Suppliers
6.5.4. Threat of Substitute Products
6.5.5. Intensity of Competitive Rivalry
6.6. Supply Chain Analysis
6.7. Value Chain Analysis
6.8. Trade Analysis
6.9. Pricing Analysis
6.10. Regulatory Analysis
6.11. Patent Analysis
6.12. SWOT Analysis
6.13. PESTLE Analysis
7. BY TYPE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
7.1. Hinged Braces
7.1.1. Rigid hinged braces
7.1.2. Soft hinged braces
7.2. Compression Braces
7.2.1. Neoprene compression braces
7.2.2. Elastic compression braces
7.3. Sleeves
7.3.1. Padded sleeves
7.3.2. Non-padded sleeves
8. BY APPLICATION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH)--2020-2031)
8.1. Osteoarthritis
8.1.1. Mild osteoarthritis
8.1.2. Severe osteoarthritis
8.2. Ligament Injury
8.2.1. ACL injuries
8.2.2. MCL injuries
8.3. Sports Injury
8.3.1. Contact sports injuries
8.3.2. Non-contact sports injuries
8.4. Post-operative Recovery
8.4.1. Knee replacement surgery
8.4.2. Arthroscopic surgery
9. BY DISTRIBUTION CHANNEL (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
9.1. Hospitals & Clinics
9.1.1. Orthopaedic clinics
9.1.2. Sports medicine clinics
9.2. Retail Pharmacies
9.2.1. Chain pharmacies
9.2.2. Independent pharmacies
9.3. E-commerce
9.3.1. Company-owned websites
9.3.2. Third-party online retailers
10. BY END-USER (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
10.1. Athletes
10.1.1. Professional athletes
10.1.2. Amateur athletes
10.2. Geriatric Population
10.2.1. 65-75 years
10.2.2. Above 75 years
10.3. General Population
10.3.1. Adults
10.3.2. Paediatrics
11. REGION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
11.1. North America
11.1.1. United States
11.1.2. Canada
11.1.3. Mexico
11.2. South America
11.2.1. Brazil
11.2.2. Argentina
11.2.3. Rest of South America
11.3. Europe
11.3.1. Germany
11.3.2. United Kingdom
11.3.3. France
11.3.4. Italy
11.3.5. Spain
11.3.6. Russia
11.3.7. Rest of Europe
11.4. Asia-Pacific
11.4.1. China
11.4.2. Japan
11.4.3. India
11.4.4. Australia
11.4.5. South Korea
11.4.6. Rest of Asia-Pacific
11.5. Middle-East
11.5.1. UAE
11.5.2. Saudi Arabia
11.5.3. Turkey
11.5.4. Rest of Middle East
11.6. Africa
11.6.1. South Africa
11.6.2. Egypt
11.6.3. Rest of Africa
*NOTE: All the regions mentioned in the scope will be provided with (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%, YOY GROWTH)--2020-2031.
By Type:
Hinged Braces
Compression Braces
Sleeves
By Application:
Osteoarthritis
Ligament Injury
Sports Injury
Post-operative Recovery
By Distribution Channel:
Hospitals & Clinics
Retail Pharmacies
E-commerce
By End-user:
Athletes
Geriatric Population
General Population
By Region:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
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