Rigid Knee Braces Market to Surpass US$ 1,166.8 Million globally by 2027, Says Coherent Market Insights

SEATTLE--(BUSINESS WIRE)--According to Coherent Market Insights, the global rigid knee braces market is estimated to be valued at US$ 836.6 million in 2020 and is expected to exhibit a CAGR of 4.2% during the forecast period (2020-2027).

Key Trends and Analysis:

The global rigid knee braces market is expected to witness significant growth, owing to increasing launch of rigid knee braces. For instance, in March 2018, Ossur announced the launch of the Rebound Post-Op Knee brace. The brace features ergonomic paddles and contouring struts that promote comfort for patients and it is 30% lighter than other braces.

Furthermore, in March 2018, DonJoy, a brand of DJO Global, launched X4 Smart Brace, its first knee brace for total knee arthroplasty. The brace monitors patient compliance and recovery in real-time. X4 Smart Brace, which is integrated with motion intelligence, is a cloud-based system.

The increasing adoption of inorganic growth strategies such as partnership by major market players is expected to drive the global rigid knee braces market growth in the near future. For instance, in March 2017, DonJoy, a brand of DJO Global, came into partnership with D1 Sports Training, a premiere athletic-based training brand in the country. Through this partnership, DonJoy Performance would become the official bracing and supports company of D1 Sports Training.

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Key Market Takeaways:

The global rigid knee braces market is expected to exhibit a CAGR of 4.2% during the forecast period (2020-2027), owing to increasing number of partnership by key players in the global rigid knee braces market. For instance, in December 2018, Bauerfeind, a world leader in progressive sports and medical knee supports, announced a multi-year partnership with the National Basketball Association (NBA). Under this partnership, both the companies intend to make the GenuTrain NBA of Bauerfeind an officially licensed league knee support.

North America is expected to witness high demand for rigid knee braces market, owing to increasing prevalence of osteoarthritis. For instance, according to the Centers for Disease Control and Prevention (CDC), around 30 million adults in the U.S. were affected with osteoarthritis in 2016 suggesting high consumption of knee braces for the treatment of this disease in the U.S.

Key players operating in market—

Mueller Sports Medicine, Inc., DJO Global, LLC, (Donjoy), ACE Brand, Tynor Orthotics Private Limited, 3M Science, Mava Sports, Bauerfeind AG, Breg, Inc., and Ossur.

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Market Segmentation:

• Global Rigid Knee Braces Market, By Type:
  • Prophylactic Braces
  • Functional Braces
  • Rehabilitative Braces
  • Unloader Braces
• Global Rigid Knee Braces Market, By Application:
  • Arthritis
  • Tendonitis
  • Knee Ligament Injury
  • Athletic Activity
  • Others
• Global Rigid Knee Braces Market, By End User:
  • Hospitals and Clinics
  • Orthopedic Centers
  • Rehabilitation Centers

• Global Rigid Knee Braces Market, By Region:
  • North America
    • By Country:
      • U.S.
      • Canada
  • Europe
    • By Country:
      • U.K.
      • Germany
      • Italy
      • Spain
      • France
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country:
      • Australia
      • India
      • China
      • Japan
      • ASEAN
      • South Korea
      • Rest of Asia Pacific
  • Latin America
    • By Country:
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Middle East
    • By Country:
      • GCC
      • Israel
      • Rest of Middle East
  • Africa
    • By Country/Region:
      • South Africa
      • Central Africa
      • North Africa

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About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide.