North America Knee Braces Market By Application (Arthritis, Sports, Ligament and Other Applications) By Product (Functional, Unloader, Prophylactic and Rehabilitative) By Delivery Channel (E-commerce, Hospitals/ Orthopedic Clinics and Retail) By Country, Industry Analysis and Forecast, 2019 - 2025
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The North America Knee Braces Market would witness market growth of 3.63% CAGR during the forecast period (2019-2025). Knee braces are used for a wide range of problems and illnesses. Functional knee braces are designed to replace damaged ligaments. For instance, a patient who has an ACL tear can be offered to wear a knee brace to allow certain activities to be performed without surgery. Prophylactic knee braces are used to prevent injury to the knee. Prophylactic knee braces are worn by sportspeople who engage in some high-risk sports to reduce their risk of a knee injury.
Unloader knee braces are specifically-designed braces to treat arthritis and alter the weight-bearing force of the knee by moving it away from the part of the knee with arthritis. The most efficient brace for arthritis is the unloader-style brace. They are expensive treatments and are available only through a physician. Additionally, thinner people with arthritis on only one side of the knee experience the best results. They are generally intended to be used during physical activity.
As per the Census Bureau's 2018 population statistics, nearly 52 million Americans are 65 years of age or older. According to the Centers for Disease Control and Prevention (CDC), about 30 million adults in the U.S. were affected by osteoarthritis in 2016. This suggests a higher consumption of knee braces for the treatment of this disease in the U.S. Healthcare expenditures in the U.S. have been soaring and are expected to continue to rise. The US spent nearly $3.5 trillion on healthcare in 2017, as stated by a study by the American Medical Association.
Based on Application, the market is segmented into Arthritis, Sports, Ligament and Other Applications. Based on Product, the market is segmented into Functional, Unloader, Prophylactic and Rehabilitative. Based on Delivery Channel, the market is segmented into E-commerce, Hospitals/ Orthopedic Clinics and Retail. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
Scope of the Knee Braces Market Analysis
- Other Applications
By Delivery Channel
- Hospitals/ Orthopedic Clinics
- Rest of North America
- 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
- Tynor Orthotics Private Limited
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