KNEE BRACES MARKET ANALYSIS

Market Challenges And Opportunities

High incidence rates of osteoarthritis and meniscus injuries are responsible for driving the global knee braces market

The prevalence and incidence rate of Osteoarthritis and meniscus injuries among the geriatric population are the primary reasons to drive the global knee braces market. The United Nations suggests that number of people aged over 60 years is projected to grow by 56%, accounting a rise from 901 million to 1.4 billion in the years 2015 to 2030. Moreover, according to the CDC data in 2015, 23.7 million adults in the U.S. have functional limitations in their regular movements due to doctor diagnosed arthritis suggesting strong probabilities of prevalence of osteoarthritis. Other factors that are responsible for driving global knee braces market includes knee injury, meniscus injury, use of knee braces as preventive measures to avoid knee injuries by sport players and athletes and people with genetic effects that have defects in natural collagen production leading to knee pain.