Global Knee Braces Market 2019-2023 | Increase in Adoption of Orthopedic Braces to Boost the Market | Technavio
LONDON--(BUSINESS WIRE)--May 20, 2019--
A new market research study by Technavio on the global knee braces market projects the market to grow at a CAGR of about 4% during the period 2019-2023. This research report provides an in-depth analysis of the market in terms of revenue, top drivers, and emerging market trends. It also includes detailed insights and forecasts for all the market segments across different geographies.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190520005520/en/
Technavio has published a new market research report on the global knee braces market from 2019-2023 (Graphic: Business Wire)
High incidence of meniscus injuries
Meniscus tears are one of the most common knee injuries, and the risk is high among athletes who participate in contact sports such as football. A torn meniscus is usually a torn cartilage that can lead to knee instability, which further leads to an inability to move the knee normally or persistent knee pain. Degenerative meniscus tears frequently occur among the elderly demographic. Knee braces can help in correcting meniscus injuries and provide the support and stability needed to help in the normal functioning of the knee. Therefore, the high prevalence of meniscus injuries will propel the demand for knee braces, thereby, fueling the market growth during the forecast period.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report, including the market size and forecast, drivers, challenges, trends, and more.
Increase in awareness and adoption of orthopedic braces
The adoption of orthopedic braces that are designed to address musculoskeletal disorder-related issues is increasing significantly. These braces support, protect, stabilize, and correct the alignment of certain body parts. Orthopedic braces are predominantly used during recovery and rehabilitation processes. Increasing awareness about the efficiency of these braces in providing pain relief, support, and improvement in bone structure, is resulting in the increased adoption of knee braces to rehabilitate different knee instabilities. Therefore, with increased awareness and adoption, there will be substantial growth of the global knee braces market during the forecast period.
According to a senior analyst at Technavio, “With a significant increase in the participation rate in organized sports activity, the sports-related injuries have also increased substantially. As a result, there is a growing need for protective measures such as the adoption of knee braces. The constant technological advances have made knee braces stiffer, lighter, and readily attainable. This is increasing the adoption of knee braces by sports players and athletes, which will significantly boost the growth of the market during the forecast period.”
Lack of clinical evidence with the use of knee braces
Knee braces have gained immense popularity as a mode of treatment and prevention of knee injuries. However, knee braces such as prophylactic knee braces lack sufficient medical evidence of their efficacy in reducing the incidence or severity of knee injuries. It has also been observed that these braces might slow down the movement of an athlete and thereby inhibit performance. The lack of clinical evidence might limit the adoption of knee braces. Therefore research is required to elucidate the exact mechanism of action of knee braces to substantiate their benefits.
Top players in the global knee braces market:
- 3M Co.
- DeRoyal Industries Inc.
- medi GmbH & Co. KG
- Mueller Sports Medicine Inc.
- Orthofix Holdings Inc.
- REH4MAT Sławomir Wroński
Some of the key topics covered in the global knee braces market include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. It provides detailed market research reports that provide clients with actionable insights to help them identify market opportunities and design effective strategies to optimize their market position.
With over 500 specialized analysts, Technavio boasts of an extensive report library comprising of over 10,000 reports, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than a hundred Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets. Technavio helps companies to assess their competitive position within changing market scenarios.
If you are interested in more information, please contact our media team at email@example.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190520005520/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES
SOURCE: Technavio Research
Copyright Business Wire 2019.
PUB: 05/20/2019 11:03 AM/DISC: 05/20/2019 11:03 AM