Knee Braces Market
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The global knee braces market size was valued at around USD 929.9 million in 2023 and is expected to reach around USD 1.5 billion by 2032 at a CAGR of 5.3%.
The increasing prevalence of osteoarthritis, and the introduction of inexpensive, comfortable-to-use braces are propelling market growth. These trends are also substantiated by the increase in sports injuries. Children under the age of 14 sustain 3.5 million sports-related injuries each year according to Stanford Children's Health, with 9% being knee injuries. Moreover, the overall increase in children participating in sports has directly resulted in increased knee ACL injuries by 5 times and this increases the demand towards functional knee braces and preventive measures, thereby contributing market growth.
Report Attribute | Details |
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Base Year: | 2023 |
Knee Braces Market Size in 2023: | USD 929.9 Million |
Forecast Period: | 2024 – 2032 |
Forecast Period 2023 - 2032 CAGR: | 5.3 |
2023 Value Projection: | USD 1.5 Billion |
Historical Data for: | 2021 – 2023 |
No of Pages: | 130 |
Tables, Charts & Figures: | 144 |
Segments Covered: | Product, Application, End Use, and Region |
Growth Drivers: |
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Pitfalls Challenges: |
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Chronic conditions such as obesity, diabetes, and heart diseases are further aggravating osteoarthritis and increase the demand for knee braces. The CDC reports 27.7% of arthritis patients are obese, 33.7% are diabetic, and 36.4% have heart conditions. The market supplies the growing need with braces tailored to the needs of arthritis patients. The increase of awareness regarding osteoarthritis pains together with the support from Medicare and Medicaid, which reimburse up to 80% of expenditure for knee braces, encourages greater adoption of the products.
Furthermore, WHO has placed osteoarthritis on the list of top global health concerns, together with post-operative complications of total knee replacement (TKR) surgeries, there is heightened reliance on braces, which in turn suggests a rapidly expanding market in the coming years.
A knee brace is a type of medical device that has been designed to offer support, protection, as well as stabilization to the knee joint. Knee braces are meant to be preventive to injury, assist during the recovery phase after an injury or surgical procedure, and help manage chronic conditions such as osteoarthritis. There are various types of knee braces that are available in the market, range from functional to prophylactic and rehabilitative, which provide pain relief and mobility improvement through compression, alignment, and control of knee movement.
Technological advancement in knee braces have increased their market share due to improved efficacy, comfort, and convenience offered by these devices. To capture a wider market, some braces have been designed and produced to offer more effective support and pain relief. These improvements in materials, customization, smart technology, and design are making knee braces more effective and useful to a wide variety of users, ranging from athletes to elderly patients suffering from chronic ailments. These innovations also serve consumers who prioritize functionality and comfort in the design of the knee braces, resulting in market growth.
Based on product, the market is categorized into functional knee braces, prophylactic knee braces, unloader knee braces and rehabilitative knee braces. The functional knee braces segment dominated the market with a revenue of around USD 385.2 million in 2023.
Based on application, the knee braces market is categorized into sports-use, ligament, and other applications. The sports-use segment dominated the market with a revenue of around USD 422.5 million in 2023.
Based on end-use, the knee braces market is categorized into hospitals, orthopedic clinics, and other end users. The hospitals segment held majority market share in the market with a revenue of around USD 400.4 million in 2023.
North America knee braces market accounted for USD 363.7 million in revenue in 2023 and is predicted to witness substantial market growth over the analysis timeline.
The industry for knee braces is fragmented, with many large multinationals as well as small and mid-sized companies operating in the market. The participants have an ongoing focus on strategic measures such as mergers and acquisitions, new product development, expansion, and technological innovation to expand their reach. For example, in January 2019, Leatt Corporation launched Zframe knee braces for contact sports. Later in June 2019, Breg, Inc. launched Breg Quantum OA knee brace for moderate to severe osteoarthritis to provide relief from pain. This focus on innovation is meant to meet changing patient needs by improving patient care and allowing these firms to capture additional market share and address the increase in demand for sophisticated portable medical devices.
Some of the eminent market participants operating in the knee braces industry include:
USPs for top market players:
In September 2021, Össur announced the launch of REBOUND ACL brace, an advance knee brace intended for patients recovering from anterior cruciate ligament (ACL) injury. This advanced knee brace reduces strain on a patient's ACL and provides a comfortable load on their posterior thigh and anterior tibia and is incorporated with dynamic tension system (DTS). This innovative launch helped the company to enhance their product portfolio and increase their business revenue.
In June 2020, DJO launched the DonJoy X-ROM Post-Op Knee Brace, featuring range of motion (ROM) protection technology for enhanced user experience, ease of application, and adjustability. This brace aids in recovery from ACL repair and other knee surgeries by providing improved comfort, stability, and confidence. The launch expanded DJO’s customer base and strengthened its market presence.
Market, By Product
Market, By Application
Market, By End Use
The above information is provided for the following regions and countries:
Key players in the knee braces industry include 3M Company, Alex Orthopedic, Bauerfeind, Body Sport, Breg, Dicarre, DJO Global, Essity, Mava Sports, and McDavid Knee Guard.
The North America knee braces industry recorded USD 363.7 million in revenue in 2023 and is predicted to witness substantial growth due to the presence of key industry players and a growing number of patients with orthopedic and knee disorders.
The functional knee braces segment generated around USD 385.2 million in revenue in 2023, driven by the rising incidence of sports-related injuries, particularly ACL and PCL injuries.
The global knee braces industry was valued at approximately USD 929.9 million in 2023 and is expected to reach around USD 1.5 billion by 2032, driven by the growing prevalence of osteoarthritis and an increasing target population.