Knee Support Market - Global Industry Analysis

Knee Support Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Medical Device Report Format : PDF Report Code: ZMR-6622 Status : Upcoming

Description

Global Knee Support Market: Overview

Knee support is a kind of medical aid utilized in the prevention and treatment of knee injury caused during sports activities. These supports are also known as knee braces. They help in lowering the pain caused by various medical conditions including osteoarthritis, tendonitis, and other injuries. Knee braces support the joint to prevent injuries. They are utilized for recovering fast post-surgery and in case of rehabilitation of knee joints. Knee braces are made up of elastic materials, foam, plastic, and metal. They are of different colors, designs, and sizes.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Knee Support Market: Growth Factors

The high prevalence of osteoarthritis diseases, growing number of sports surgery, and the upsurge in the geriatric population are some of the key factors driving the growth of the global knee support market. However, the high prevalence of osteoarthritis is due to the constantly growing aging population, obesity cases, and various lifestyle disorders. In several regions, the government is trying to get rid of the growing burden of osteoarthritis by launching several favorable medical policies that offer low-cost treatment and medical devices. According to Stanford Children’s Health, there is a 5 times increment in ACL injuries in children. Furthermore, 9% of all the injuries account for the knee injury segment alone. However, such factors are likely to stimulate market growth. In addition, the growing awareness regarding osteoarthritis pain and the benefits offered by knee braces is simultaneously soaring the demand for knee braces manifolds and also fuelling the product penetration. The rise in the number of road accidents and cases of knee dislocation is likely to further offer comprehensive growth opportunities to the global knee support market. The support, correction, stability, and protection offered by knee braces assist in recuperating with mobility and functionality of knee joints. Also, the high demand from athletics for the preventive support system for the sports activities will also accentuate its demand, thereby driving market growth.

Global Knee Support Market: Segmentation

The global knee support market can be segmented into the delivery channel, application, product, and region.

By delivery channel, the market can be segmented into e-commerce, retail, and hospitals. The e-commerce segment accounts for the largest share in the global knee support market due to the easy availability and low price of the product in comparison to physical stores. Also, timely delivery of products at doorsteps along with the presence of a wide number of products which people can easily compare will further fuel the adoption of e-commerce distribution channel. However, buyers can also see the product reviews and also match the best fit according to their own requirements on e-commerce channels, thereby it is expected to be the fastest-growing segment in the forthcoming years.

By application, the market can be segmented into arthritis, ligaments, sports, and others. The arthritis segment holds domination over other due to the growing product adoption along with the rising prevalence of osteoarthritis globally.

By product, the market can be segmented into unloader, rehabilitative, functional, prophylactic, and others.

Global Knee Support Market: Regional analysis

North America accounts for the largest share in the global knee support market due to the growing prevalence of osteoarthritis, knee injuries, and post-operative cases in the region. Healthcare professionals also suggest knee braces for such issues, which in turn will scale its demand manifolds. The constantly growing population in the region will pose a huge demand for knee braces in the near future. The sports sector is also growing at a fast pace in the region, thereby it is expected that the growing number of athletes will also pose a demand for preventive care solutions for the sports activities which are expected to drive the growth of the regional market significantly.

Asia Pacific is likely to grow with a high CAGR over the forecast period due to the growing government initiatives to lower the burden of ailments in the region. Also, to strengthen the healthcare infrastructure in the region, the government is launching several favorable medical policies to encourage people to get effective treatment for preventing diseases like injury and osteoarthritis. However, the surge in medical tourism in the region is another key factor that is expected to drive immense growth opportunities in the region in the forthcoming years. The region is gradually becoming the hub for knee replacement injuries, particularly Singapore and Thailand due to the low cost of these surgeries as compared to the US market.

Global Knee Support Market: Competitive Players

Some of the significant players in the global knee support market are Spring Loaded Technology Inc., Zimmer Biomet Holdings Inc., Reh4Mat, Össur, DJO Global Inc., United Ortho, Pelican Manufacturing, Remington Products Company, Medi Gmbh & Co. Kg, Dicarre Llc, BSN Medical GmbH, Corflex Inc., Becker Orthopedic, Chase Ergo Inc., and 3M Company.

Global Knee Support Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The high prevalence of osteoarthritis diseases, growing number of sports surgery, and the upsurge in the geriatric population are some of the key factors driving the growth of the global knee support market. However, the high prevalence of osteoarthritis is due to the constantly growing aging population, obesity cases, and various lifestyle disorders.

Some of the significant players in the global knee support market are Spring Loaded Technology Inc., Zimmer Biomet Holdings Inc., Reh4Mat, Össur, DJO Global Inc., United Ortho, Pelican Manufacturing, Remington Products Company, Medi Gmbh & Co. Kg, Dicarre Llc, BSN Medical GmbH, Corflex Inc., Becker Orthopedic, Chase Ergo Inc., and 3M Company.

North America accounts for the largest share in the global knee support market due to the growing prevalence of osteoarthritis, knee injuries, and post-operative cases in the region. Healthcare professionals also suggest knee braces for such issues, which in turn will scale its demand manifolds.

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