Rigid knee braces provide enhanced stability and support to knees by limiting excessive motion. They are used in the treatment of osteoarthritis, cartilage tears, ligament injuries, and chronic knee pain. Key materials used in rigid knee braces include carbon fiber, lightweight plastics, and composites which allow for lightweight, durable designs. The advancement in material sciences has enabled development of braces that are more comfortable yet offer improved support.
The Global Rigid Knee Braces Market is estimated to be valued at US$ 1142.1 million in 2024 and is expected to exhibit a CAGR of 6.6% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the rigid knee braces are Mueller Sports Medicine, Inc., DJO Global, LLC, ACE Brand, Tynor Orthotics Private Limited, 3M Science, Mava Sports, Bauerfeind AG, Breg, Inc., Ossur, Thuasne USA, Zimmer Biomet, Kao Chen Enterprise Co., Ltd, Øssur, Orthosys, Bauerfeind USA Inc., Orliman S.L.U., Steeper Inc., Beagle Orthopedic, Essity Medical Solutions, Bird & Cronin, LLC, Ottobock, Trulife, DeRoyal Industries, Inc., and Remington Medical Equipment. Key opportunities include rising popularity of sports medicine and growing participation in sports activities. Technological advancements in material sciences have led to development of lightweight and high-performance knee braces.
Market Drivers
Rising geriatric population and prevalence of osteoarthritis is a key factor driving sales of Rigid Knee Braces Market Demand. According to estimates, over 300 million people worldwide suffer from osteoarthritis. Rigid knee braces help reduce joint stress and provide pain relief for osteoarthritis patients. Growing participation in sports and active lifestyles has also increased demand for knee braces for injury prevention as well as post-operative rehabilitation.
Challenges in Rigid Knee Braces Market
The rigid knee braces market faces several challenges. Manufacturers need to focus on product innovation to develop more effective and comfortable braces. There is high demand for technologically advanced braces made of lightweight, durable and breathable materials. Custom fit designs are also gaining popularity but add to production complexity and costs. Patient compliance can be improved through education on proper use and maintenance of braces. Growing generic competition from local players also puts pricing pressures on established brands. Overall acceptance of braces needs to increase to boost market penetration in developing regions.
SWOT Analysis
Strengths: Rigid braces provide high stability and support to the knee joint. Many products come with locking hinge mechanisms for immobilization.
Weaknesses: Braces may restrict natural movement more than soft braces. Some users find them uncomfortable to wear for long hours.
Opportunities: Rising sports injuries and aging population point to increased demand. New performance fabrics allow lightweight yet sturdy designs.
Threats: Alternative treatment options include medications and physical therapy. Economic slowdowns can impact discretionary healthcare spending on braces.
In terms of value, North America accounts for the largest share of the rigid knee braces market currently due to high awareness and spending on orthopedic devices. Asia Pacific is expected to register the fastest growth during the forecast period supported by rising medical tourism and a huge patient pool in countries like India and China.
The European market for rigid knee braces also holds significant share backed by continuous technological advancements and favorable reimbursement scenario in countries like Germany, UK and France. As medical infrastructure strengthens in Latin America and Middle East & Africa, demand is surging in these regions at a noteworthy pace.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it.
