Published Date: 31-Jan-2020
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According to a new report Global Knee Braces Market, published by KBV Research, The Global Knee Braces Market size is expected to reach $1.9 billion by 2025, rising at a market growth of 4.25% CAGR during the forecast period. Global knee brace market growth is propelled by an increased number of orthopedic knee surgeries, a rising incidence of osteoarthritis diseases, and a higher number of injuries in athletes.
Functional braces had the largest market share in 2018 due to the efficiency and wide acceptance of the product. Such braces are used to provide stability during anteroposterior and rotational forces. The rehabilitative braces segment is projected to show substantial growth during the forecast period. These are used to avoid implant dislocation and to support the healing of tendons and surrounding muscles. The Unloader market is expected to witness a CAGR of 3.8% during (2019 - 2025).
The segment of arthritis accounted for the largest revenue share in 2018 due to an increase in product utilization and a rise in disease prevalence. The Ligament market is expected to witness a CAGR of 3.9% during (2019 - 2025).
The E-commerce market dominated the Global Knee Braces Market by Delivery Channel in 2018. The retail segment is expected to experience substantial CAGR during the forecast period due to the increased burden of arthritis, easier access to retail products, and increased public engagement in sports.
North America led the global market of knee braces in terms of revenue share in 2018. Factors such as increasing osteoarthritis prevalence, increasing geriatric population, and accessibility of insurance coverage are projected to boost the regional demand. Growing medical tourism in Asia-Pacific because of cheaper procedural costs is further driving the market growth. The Europe market is expected to witness a CAGR of 3.8% during (2019 - 2025).
Structural Insights: https://www.kbvresearch.com/knee-braces-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Colfax Corporation (DJO Global, Inc.), 3M Company (3M Science), Ossur Hf., Orthofix Medical, Inc. (Breg, Inc.), Mueller Sports Medicine, Inc., McDavid, Inc. (EZ GARD Industries, Inc.), Bauerfeind AG, Medi GmbH & Co. KG, Otto Bock Healthcare GmbH, and Tynor Orthotics Private Limited.
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