Knee
bracing devices are orthopedic tools that are mainly used for
alignment, pain reduction and maintenance of structural and
functional characteristics of the knee. Knee braces offer protection
to the knees of patients suffering from osteoarthritis as well as are
used in the treatment of meniscus injuries. Apart from these, knee
braces can be used as safety devices while playing various sports
such as running and soccer and are also used in injury
rehabilitation. These are generally worn in case of knee pain. Knee
braces are made from one or more combination of rigid and flexible
materials like metal, plastic, moldable foam, synthetic rubber,
padding or elastic material and straps. These knee braces are
available is several sizes and have provisions for pressure
adjustments. On the other hand, custom knee braces are designed in a
way to perfectly fit the exact knee measurements.
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Increasing
Knee injuries along with Osteoarthritis contributing to the boost of
global knee braces market
The
knee braces consumption is mostly driven by patients suffering from
osteoarthritis. According to WHO, over 20% of the world’s
population aged over 60 that accounts for around 130 million people
will suffer from osteoarthritis by the 2050. Additionally, the
National Institute of Health reported 6,664,324 knee injuries in the
U.S. from 1999 to 2008 and is expecting a significant in increase in
this number by 2020. These estimates suggests a drastic boost for the
global knee braces market during the forecast period.
North
America to hold largest share of the global knee braces market owing
to increased osteoarthritis cases
On
the basis of regional segmentation, the knee braces market can be
segmented into North America, Europe, Asia Pacific, Latin America,
Middle East, and Africa. North America is the largest shareholder of
the global market, followed by Europe. According to Centers for
Disease Control and Prevention (CDC), around 30 million adults in the
U.S. are affected with osteoarthritis in 2016 suggesting high
consumption of knee braces for the treatment of this disease in the
U.S.
High
incidence rates of osteoarthritis and meniscus injuries are
responsible for driving the global knee braces market
The
prevalence and incidence rate of Osteoarthritis and meniscus injuries
among the geriatric population are the primary reasons to drive the
global knee braces market. The United Nations suggests that number of
people aged over 60 years is projected to grow by 56%, accounting a
rise from 901 million to 1.4 billion in the years 2015 to 2030.
Moreover, according to the CDC data in 2015, 23.7 million adults in
the U.S. have functional limitations in their regular movements due
to doctor diagnosed arthritis suggesting strong probabilities of
prevalence of osteoarthritis.
Major
Players
The
key players dominating the global knee braces market includes Alex
Orthopedic Inc., Body Sport, Bell Horn, Cho-Pat, DJO Global,
Medi-Dyne and Medline. These companies are holding a strong position
in the global knee braces market due to high R&D investment costs
and long term contract relationship with the customers.
The
global knee braces market can be segmented on the basis of product
type, end user and geographical regions.
On
the basis of types of braces available,
Rehabilitative
braces: These are involves in providing stability to allow a
limited movement while an injury is healing.
Unloader
braces: These braces are generally used by people suffering from
arthritis to relieve the pain.
Prophylactic
braces: These are the protective braces generally worn to avoid
knee injuries during sports. These braces are commonly used by
athletes.
Knee
Sleeves: These are support devices that are used to provide
compression around the knee joints are used for knee support and
controlling pain and swelling around the knee area.
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