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Global Knee Braces Market 2019-2023| Evolving Opportunities with 3M Co. and DeRoyal Industries Inc. | Technavio

January 9, 2020 GMT
Global Knee Braces Market 2019-2023| Evolving Opportunities with 3M Co. and DeRoyal Industries Inc. | Technavio
Global Knee Braces Market 2019-2023| Evolving Opportunities with 3M Co. and DeRoyal Industries Inc. | Technavio

LONDON--(BUSINESS WIRE)--Jan 8, 2020--

The global knee braces market is poised to grow by USD 100.76 million during 2019-2023, progressing at a CAGR of 4% during the forecast period. Request Free Sample Pages

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Technavio announced its latest market research report titled global knee braces market 2019-2023. (Graphic: Business Wire)

Read the 133-page research report with TOC on “Knee Braces Market Analysis Report by Type (Functional knee braces, Prophylactic knee braces, Unloader knee braces, and Rehabilitative knee braces), by End User (Hospitals, Orthopedic clinics, and Others), by Geography (North America, Europe, Asia, and ROW), and Segment Forecasts, 2019 – 2023.”

https://www.technavio.com/report/global-knee-braces-market-industry-analysis

The market is driven by the high incidence of meniscus injuries. In addition, the increase in awareness and adoption of orthopedic braces is anticipated to further boost the growth of the knee braces market.

The high incidence of meniscus injuries will be one of the major drivers in the global knee braces market. Athletes who play contact sports such as football are at a greater risk of meniscus tear which is one of the most common knee injuries. A torn meniscus is usually a torn cartilage that can lead to knee instability, which further leads to an inability to move the knee normally or persistent knee pain. Degenerative meniscus tears frequently occur among the elderly demographic. Knee braces can help in correcting meniscus injuries and provide the support and stability needed to help in the normal functioning of the knee. Therefore, the high prevalence of meniscus injuries will propel the demand for knee braces, thereby, fueling market growth during the forecast period.

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Major Five Knee Braces Market Companies:

3M Co.

3M Co. operates the business under various segments such as industrial, safety and graphics, health care, electronics and energy, and consumer. The product offered by the company is FUTURO which is a hinged knee brace with kneecap cushioning for protection and stability.

DeRoyal Industries Inc.

The key offerings of DeRoyal Industries Inc. include Warrior II Knee Brace, Warrior Recovery Post-Operative Knee Brace, Functional ACL Knee Brace, DeRoyal OA Motion Knee Brace, and OA Single Upright Knee Brace.

medi GmbH & Co. KG

medi GmbH & Co. KG has business operations under M.4s OA comfort and Stabimed pro segments. Some of the products offered by the company are Collamed / Collamed long, medi PT control, and M.4s PCL dynamic.

Mueller Sports Medicine Inc.

Mueller Sports Medicine Inc. offers Hg80 Premium Knee Brace, Hg80 Knee Brace, Hg80 Premium Hinged Knee Brace, and Mueller Green Adjustable Hinged Knee Brace.

Orthofix Holdings Inc.

Orthofix Holdings Inc. operates the business under the following segments: bone growth therapies, Orthofix extremities, spinal implants, and biologics. The company’s key offerings in the knee braces market include Axiom-D Elite Ligament Knee Brace, Roadrunner Soft Knee Brace, Fusion OA Plus, 20.50 Patella, and EPO Lite Post-Op Knee Brace.

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Knee Braces Type Outlook (Revenue, USD Million, 2019 - 2023)

Knee Braces Regional Outlook (Revenue, USD Million, 2019 - 2023)

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.Request a free sample report

Related Reports on HealthCare include:

Orthopedic Braces and Supports Market – Global Orthopedic Braces and Supports Market by application (knee, upper extremity, neck and spine, foot and ankle, and exoskeleton) and geography (APAC, Europe, MEA, North America, and South America).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20200108005893/en/

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KEYWORD:

INDUSTRY KEYWORD: HEALTH MEDICAL SUPPLIES OTHER HEALTH MEDICAL DEVICES

SOURCE: Technavio Research

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PUB: 01/08/2020 10:00 PM/DISC: 01/08/2020 10:01 PM

http://www.businesswire.com/news/home/20200108005893/en