Global Rigid Knee Braces Market, By Type (Prophylactic Braces, Functional Braces, Rehabilitative Braces, and Unloader Braces),Activity, and Others), By End User (Hospitals and Clinics, Orthopedic Centers, Rehabilitation Centers) and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 991.4 Million in 2023 and is expected to exhibit a CAGR of 4.6% during the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights.
Increasing initiatives by researchers for the adoption of the latest technology in the global rigid knee braces market is expected to drive the market growth over the forecast period. For instance, on December 15, 2021, The Nanyang Technological University, Singapore, announced a study where the researchers used 3D printing, often known as additive manufacturing, to create a new design of orthopedic shoes that employ lightweight plastic and helper springs to cut the weight of a regular exoskeleton knee brace, which is generally made up by 30% of metal.
Global Rigid Knee Braces Market - Impact of Coronavirus (COVID-19) Pandemic
Since the outbreak of the COVID-19 pandemic in December 2019, the disease has spread to more than 100 countries worldwide and has been declared a public health emergency by the World Health Organization (WHO). The emergence of the coronavirus (COVID-19) pandemic claimed more than 27 million lives worldwide, according to a report by the World Health Organization. The global crisis has consequences for the world economy in addition to orthopedic healthcare services. For Instance, in August 2021, the reports published by National Center for Biotechnology Information reported that the number of orthopedic surgeries fell by 22.8% during the first year of the covid-19 pandemic in Chile. All surgical procedures were adversely affected where the maximum adverse effect was seen in knee arthroplasty, followed by hip arthroplasty and knee ligament reconstruction
Global Rigid Knee Braces Market: Key Developments
On May 24, 2022, Enovis (DJO, LLC) a global medical technology company, announced that its subsidiary DJO, LLC, acquired the assets of Outcome-Based Technologies, LLC. With this acquisition DJO (now part of Enovis) of bracing innovation, specifically in the hip bracing category. This acquisition will help the company in the expansion of its product portfolio in the bracing category by including the EXCYABIR hip brace and the CryoKnee knee brace.
On August 23, 2021, OPUM, a medical device and AI company and orthopedic bracing manufacturer, and Thuasne Group, a manufacturer of medical devices, signed a partnership on a digital solution for the non-invasive non-pharmacological treatment of osteoarthritis (OA). The partnership’s focus is to digitize musculoskeletal care by using objective data, and determining the best treatment methods for OA to improve patient outcomes and reduce overall costs. The first product will integrate OPUM’s AI-enabled Digital Knee care platform with Thuasne’s Rebel Reliever OA knee brace.
Browse 48 Market Data Tables and 44 figures spread through 175 pages and in-depth TOC on “Global Rigid Knee Braces Market”- Forecast to 2030, Global Rigid Knee Braces Market, By Type (Prophylactic Braces, Functional Braces, Rehabilitative Braces, and Unloader Braces), By Application (Arthritis, Tendonitis, Knee Ligament Injury, Athletic Activity, and Others), By End User (Hospitals and Clinics, Orthopedic Centers, Rehabilitation Centers) and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/rigid-knee-braces-market-3934
Key Takeaways of the Global Rigid Knee Braces Market:
- It explores potential revenue opportunities in various segments and explains attractive investment proposition matrices for these markets
- This study also provides key insights into market drivers, restraints, opportunities, new drug launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global rigid knee braces market based on the following parameters: company overview, financial performance, drug portfolio, market presence, distribution strategies, key developments, strategies, and future plans
- The main companies involved in this study include Mueller Sports Medicine, Inc., DJO Global, LLC, ACE Brand, Tynor Orthotics Private Limited, 3M Science, Mava Sports, Bauerfeind AG, Breg, Inc., Ossur, Thuasne USA, Zimmer Biomet, Kao Chen Enterprise Co., Ltd, Össur, Orthosys, Bauerfeind USA Inc., Orliman S.L.U., Steeper Inc., Beagle Orthopedic, Essity Medical Solutions, Bird & Cronin, LLC, Ottobock, Trulife, DeRoyal Industries, Inc., and Remington Medical Equipment
- From this report, marketers and business executives were empowered to make informed decisions about future drug launches, drug class advancements, market expansion, and marketing tactics
- The global rigid knee braces market report serves various stakeholders in the industry including investors, suppliers, pharmaceutical manufacturers, distributors, new entrants, and financial analysts
- Various strategy matrices used in analyzing the global rigid knee braces market would facilitate stakeholders' decision-making
