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Knee Braces Market Share

Report ID: GMI4238
Published Date: Oct 2024
Report Format: PDF

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Knee Braces Market Share

The knee braces industry is fragmented in nature, with various large multinationals and small and mid-sized companies competing in the industry. The players are constantly involved in strategic initiatives such as, new product launch, technological advancements, regional expansion, and mergers and acquisitions to gain deeper penetration.

For instance, in January 2019 Leatt Corporation launched new Z- frame knee braces for contact sports. In February 2019, Breg, Inc. launched Breg Quantum OA for mild to severe osteoarthritis to address the need for pain management in arthritic patients. This emphasis on innovation aims to address evolving patient needs and enhance patient outcomes, positioning companies to gain market share and meet the growing demand for advanced portable medical devices.

Knee Braces Market Companies

Some of the eminent market participants operating in the knee braces industry include:

3M Company
Alex Orthopedic
Bauerfeind
Body Sport
Breg
Dicarre
DJO Global
Essity
Mava Sports
McDavid Knee Guard
Medi-Dyne
Medline
Mueller Sports Medicine
Ossur
Otto Bock Healthcare GmbH
Push Braces
Tynor
Weber Orthopedic

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

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.

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 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.

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.