The global knee braces market size was US$ 1.8 billion in 2021. The global knee braces market size is forecast to reach the value of US$ 3 billion by 2030 by growing at a compound annual growth rate (CAGR) of ~5.9% during the forecast period from 2022 to 2030.

Factors Influencing

• The growing cases of orthopedic knee disease is the primary factor driving the growth of the global knee braces market. Moreover, the global knee braces market is forecast to grow rapidly due to the growing sports-related injuries.
• The increasing number of road accidents and knee injuries are forecast to propel the growth of the market.
• The increasing rate of the geriatric population is another factor driving the demand for knee braces. Moreover, benefits like product affordability and efficiency are forecast to fuel the market growth.
• Increasing healthcare expenditure and spending by private companies would act as a beneficial factor for the market growth.
• The growing inclination towards pain medication may hamper the growth of the global knee braces market. In addition, online promotions leading to growing public awareness would benefit the market players in the global knee braces market.

Geographic Analysis

Regionally, North America is forecast to emerge as the highest shareholder in the global knee braces market. The growth of the region is projected to be mainly because of the increasing prevalence of orthopedic knee disorder, growing sports events, and increasing geriatric population. Furthermore, government initiatives and rising healthcare expenditure would significantly fuel the market growth during the study period.

The Asia-Pacific region is forecast to contribute significantly to the global knee braces market. The Asia-Pacific market would grow mainly due to the increasing geriatric population and growing cases of orthopedic knee disorders. Apart from that, increasing healthcare expenditure and favorable government initiatives would act as a profitable opportunity for the market players.

COVID-19 Impact Analysis

The COVID-19 pandemic had a negative impact on the global knee braces market, majorly due to the unavailability of raw materials and laborers. Due to lockdown and travel restrictions, companies witnessed several challenges in the continuation of manufacturing, production, and trade activities. Moreover, sports activities and road accidents declined abruptly, which ultimately declined the demand for knee braces. 

Moreover, it was necessary for the population to protect themselves and avoid visiting hospitals and other places. Healthcare providers also postponed the surgeries, which ultimately hampered the growth of the global knee braces market. 

Competitors in the Market

• Breg, Inc.
• 3M Co
• Mueller Sports Medicine Inc.
• REH4MAT Slawomir Wronski
• Leatt Corporation
• DeRoyal Industries Inc.
• Orthofix Holdings Inc.
• Medi GmbH & Co. KG.
• Other prominent players

Market Segmentation

Insight by Type

• Functional Knee Braces
• Prophylactic Knee Braces
• Unloader Knee Braces
• Rehabilitative Knee Braces

Insight by Application

• Ligament Injury
• Preventive Care
• Post-Operative Rehabilitation
• Osteoarthritis
• Compression Therapy

Insight by End User

• Hospitals 
• Surgical Centers
• Orthopedic Clinics
• Others

Insight by Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America