Knee Braces Market Size, Share, Competitive Landscape and Trend Analysis Report, by Product, by Application, by Delivery Channel : Global Opportunity Analysis and Industry Forecast, 2024-2033

Key Market Dynamics

The growing participation in sports and physical activities has led to a higher incidence of knee injuries such as ACL tears, meniscus injuries, and ligament sprains. Athletes and recreational sports enthusiasts are major consumers of knee braces, using them for both preventive measures and post-injury recovery. Jobs that involve heavy lifting, repetitive motions, or long periods of standing can contribute to knee injuries, prompting the use of knee braces to prevent or manage these conditions. These factors are anticipated to drive the knee braces market growth.

Advanced knee braces, particularly those equipped with cutting-edge technologies or made from high-quality materials, often come with a premium price tag. This can make them financially inaccessible to a portion of the population, especially in regions with limited healthcare coverage or lower socioeconomic status. In many healthcare systems, reimbursement policies for knee braces may be limited or nonexistent, particularly for advanced models. This lack of insurance coverage can further exacerbate the affordability issue, as patients may have to bear the full cost of the brace out of pocket.

The demand for customized and personalized knee braces is on the rise. Advancements in technology, such as 3D printing and scanning, enable the production of custom-fitted braces that offer better comfort and support. Companies can leverage this opportunity by offering customizable solutions to meet individual patient needs. The integration of smart technology in knee braces presents an exciting opportunity for innovation. Smart braces equipped with sensors and connectivity features can provide real-time data on knee movements, track progress, and even connect with healthcare providers for remote monitoring. This enhances patient engagement and improves treatment outcomes.These factors are anticipated to drive the knee braces market share.

Parent of Global Knee Braces Market

The orthopedic devices market is a rapidly growing segment focused on treating musculoskeletal issues through innovative medical technologies. This market includes joint reconstruction devices, spinal implants, trauma fixation devices, orthobiologics, arthroscopy instruments, and orthopedic braces and supports. Key drivers include the aging global population, rising prevalence of orthopedic conditions such as arthritis and osteoporosis, and increasing participation in sports leading to higher injury rates. Technological advancements, such as 3D printing and minimally invasive surgeries, further propel market growth. Challenges include high costs and stringent regulatory requirements, but the market's future remains promising due to continuous innovation and expanding healthcare access.

Market Segmentation

The knee braces market is segmented into product, application, delivery channel and region. On the basis of product, the market is divided into prophylactic, functional, rehabilitative, and unloader. As per application, the market is segregated into sports, ligament, arthritis, and others. On the basis of delivery channel, the market is segmented into hospitals/orthopedic clinics, retail, and e-commerce. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Regional Market Outlook

North America dominated the global knee braces market share in terms of revenue in 2023. North America has a large and active population participating in sports and physical activities. With increased sports participation comes a higher risk of sports-related knee injuries, such as ACL tears and meniscus injuries. Athletes often use knee braces for injury prevention, stabilization, and rehabilitation, thereby contributing to knee braces market size.

Due to the rising number of patients affected by knee osteoarthritis (OA) , the condition has become a significant concern. An article published by the Radiological Society of North America on November 29, 2022, highlighted that OA, a degenerative disorder, is increasingly prevalent globally and poses a substantial economic burden. In the United States alone, OA accounts for 4.3% of all hospitalization costs. It has been observed that the progression of knee OA on radiographs correlates with unfavorable clinical outcomes. Presently, symptomatic treatment of osteoarthritis typically involves corticosteroid (CS) injections and hyaluronic acid (HA) injections.

Competitive Landscape

The major players operating in the knee braces market include Enovis Corporation, 3M, Ossur Hf. (Embla Medical hf.) , Orthofix Medical, Inc. (Breg, Inc.) , Mueller Sports Medicine, Inc., McDavid, Inc. (EZ GARD Industries, Inc.) , Bauerfeind AG, Medi GmbH & Co. KG, Ottobock SE & Co. KGaA, and Tynor Orthotics Private Limited.

Recent Key Strategies and Developments

• In January 2024, Enovis Corporation successfully finalized its acquisition of LimaCorporate S.p.A., a renowned global leader in orthopedic solutions known for its innovative implant offerings. This strategic acquisition significantly strengthens Enovis' position in orthopedic reconstruction by complementing its existing portfolio, thereby driving both global expansion and margin improvement.
•  In January 2024, Enovis Corporation's subsidiary DJO, LLC introduced the DonJoy ROAM OA knee brace, specifically designed to address osteoarthritis-related discomfort and knee instability. Leveraging advanced unloader technology, the ROAM OA brace effectively reduces pressure on the knee, providing relief from pain, enhancing stability, and facilitating improved mobility. Notably, the ROAM OA represents a cutting-edge solution in unloader knee braces tailored for active individuals experiencing osteoarthritis-related pain.

Industry Trends

• In September 2021, Össur introduced the REBOUND ACL brace, a cutting-edge knee brace designed for patients recovering from anterior cruciate ligament (ACL) injuries. This advanced brace reduces strain on the ACL and provides a comfortable load on the posterior thigh and anterior tibia, featuring a dynamic tension system (DTS) . This innovative product launch enhanced Össur's product portfolio and boosted their business revenue.

• In June 2020, DJO launched the DonJoy X-ROM Post-Op Knee Brace, which incorporates range of motion (ROM) protection technology to enhance user experience through easy application and adjustment. This brace aids patients in recovering from ACL repairs and other knee surgeries with improved confidence, comfort, and stability. This launch helped DJO expand their customer base and strengthen their market presence.

Key Sources Referred

1. Company Annual Reports
2. Investor Presentations
3. Press Releases
4. Research Papers
5. D&B Hoovers
6. ZoomInfo Technologies LLC
7. Health central coast local Health District
8. WHO
9. PhysioPlus Health Group
10. Vanderbilt University Medical Center

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the knee braces market analysis from 2024 to 2033 to identify the prevailing knee braces market opportunity.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the knee braces market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global knee braces market trends, key players, market segments, application areas, and market growth strategies.