Knee Immobilizer Market size was estimated at USD 1.5 billion in 2018 and is expected to witness a CAGR of 4.3% during the forecast period.
The market’s main growth drivers include the rising prevalence of osteoarthritis, an expanding target market, and the introduction of affordable, simple-to-wear braces. Additionally, it is projected that an increase in sports-related injuries will fuel the expansion. Around 3.5 million children age 14 and under suffer some kind of sports-related injury every year, according to Stanford Children’s Health. Approximately 9% of all injuries involved knees. Additionally, due to children’s growing interest in sports activities, there has been a five-fold rise in ACL injuries in recent years. These elements are predicted to increase demand for protective and practical knee braces.
It is also anticipated that technological developments in knee braces throughout time will support market expansion. One of the body’s most delicate joints, according to the American Academy of Orthopedic Surgeons (AAOS), is the knee joint. The majority of common braces for arthritis are made to only work on one side of the knee. However, only 6% of patients are discovered to solely have arthritis on one side of their knee. The remaining 94% of people have multiple sclerosis. Tri compartment unloading technique, which can meet 94% of patients’ needs for rest, has just been developed.
Growing consumer awareness of the discomfort associated with OA is assisting in boosting product penetration. For knee braces, organisations like the Centers for Medicare and Medicaid provide up to 80% reimbursement. OA has been identified by the World Health Organization (WHO) as an important worldwide health issue. Patients are being discouraged from having Total Knee Replacement (TKR) procedures due to the post-operative problems. Because braces make patients more comfortable, the knee braces market is expected to have profitable growth throughout the forecast period.
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Global Knee Immobilizer Market: By Type
Adjustable Knee Immobilizer
Not Adjustable Knee Immobilizer
Global Knee Immobilizer Market: By Application
Industrial Applications
Consumer Applications
Healthcare Applications
Global Knee Immobilizer Market:key players
Orthofix Holdings
Corflex
Baylor Scott & White Health
DJO Global
Colfax
Geographically, the detailed analysis of consumption, revenue, and market share and growth rate of the following regions:
United States, Canada, Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden, Poland, Belgium, China, Japan, South Korea, Australia, India, Taiwan, Indonesia, Thailand, Philippines, Malaysia, Brazil, Mexico, Argentina, Columbia, Chile, Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of the World.
What’s Included in the Report –
- Market size and growth projections, 2020- 2030
- Market size, share, and growth projections across regions and countries, 2022- 2030
- Market size and CAGR of key products, applications, and end-user verticals, 2022- 2030
- Short and long term Market trends, drivers, restraints, and opportunities
- Profiles of 5 leading companies in the industry- overview, key strategies, financials, and products
- Latest market news and developments
This Market report provides experts analysis, strategies, insights, scope and upcoming trends with different type and applications. Artificial Cerebrospinal Fluid Market also provides tables and figures for good understanding of data. Different data like industry segment, channel segment and many more segment data covered in this report. The aim of this report is to give advice and awareness to businesses interested in this Market.
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