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Global Knee Braces Market 2019-2023 - Product Image

Global Knee Braces Market 2019-2023

  • ID: 4773705
  • Report
  • May 2019
  • Region: Global
  • 133 pages
  • TechNavio
1h Free Analyst Time

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FEATURED COMPANIES

  • 3M Co.
  • DeRoyal Industries Inc.
  • medi GmbH & Co. KG
  • Orthofix Holdings Inc.
  • REH4MAT Slawomir Wronski
  • MORE
The growing medical tourism and government initiatives in orthopedics are vital factors that will trigger the growth of knee braces market. Medical tourism for orthopedic procedures has dramatically increased over the past few years. This is owing to significant cost savings and rising old population in developed nations who require cost-effective healthcare facilities. The medical tourism for orthopedic surgeries is likely to drive the demand for orthopedic braces. This will bolster the growth of the global knee braces market during the forecast period. Government initiatives on orthopedics help in the accessibility of orthopedic-related devices and treatments. For instance, the Government of India has extended the price cap, which was imposed on orthopedic knee implants until August 2019. This move was taken for relieving several arthritis patients of India. Also, the government has reduced prices of knee implants by about 64%. Initiatives like these are propelling the growth of the market in focus. Analysts have predicted that the knee braces market will register a CAGR of 4% by 2023.

Market Overview

Growing incidence of road accidents

Road safety has become a significant concern as the number of road accidents is increasing, globally. Road traffic injuries have become a priority in public health. The knee cartilage and ligaments are the most commonly damaged in road accidents. Knee injuries can take months or years to heal. A few knee injuries leave victims with lifelong complications that prevent them from engaging in physical activities such as sports or even walking without pain. Therefore, the rising road accidents are increasing the demand for knee braces to cope with knee injuries. This will contribute to the growth of the global knee braces market.

High cost of knee braces

The cost of a knee brace is usually covered under health insurance if a doctor prescribes it. However, for patients who are not covered by any insurance, the typical cost of a standard knee brace, made up of fabric or elastic, to provide light to moderate support during sports, in the US is about $30 on an average. The cost of a knee brace to recover from injuries or surgery is about $165, on an average, or more. It can increase to about $700-$900 or more depending on the type of material of the brace. Also, patients suffering from knee injuries also must bear additional costs on crutches in some cases. The high costs of knee braces can adversely affect their demand. This may hurt the growth of the global knee braces market during the forecast period.

Competitive Landscape

The market appears to be moderately fragmented. The presence of several companies, including 3M Co. and DeRoyal Industries Inc. makes the competitive environment quite intense. Factors such as the growing incidence of road accidents and the rising medical tourism and government initiatives in orthopedics will provide considerable growth opportunities to the knee braces manufacturers. medi GmbH & Co. KG, Mueller Sports Medicine Inc., Orthofix Holdings Inc., and REH4MAT Sławomir Wroński. are some of the major companies covered in this report.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 3M Co.
  • DeRoyal Industries Inc.
  • medi GmbH & Co. KG
  • Orthofix Holdings Inc.
  • REH4MAT Slawomir Wronski
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY TYPE
  • Market segmentation by type
  • Comparison by type
  • Functional knee braces - Market size and forecast 2018-2023
  • Prophylactic knee braces - Market size and forecast 2018-2023
  • Unloader knee braces - Market size and forecast 2018-2023
  • Rehabilitative knee braces - Market size and forecast 2018-2023
  • Market opportunity by type
PART 07: MARKET SEGMENTATION BY END-USER
  • Market segmentation by end-user
  • Comparison by end-user
  • Hospitals - Market size and forecast 2018-2023
  • Orthopedic clinics - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by end-user
PART 08: CUSTOMER LANDSCAPE

PART 09: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • Asia - Market size and forecast 2018-2023
  • ROW - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 12: MARKET TRENDS
  • Increase in use of knee braces by sport players and athletes
  • Prevalence of osteoarthritis leading to knee pain
  • Increase in awareness and adoption of orthopedic braces
PART 13: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
PART 14: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • 3M Co.
  • DeRoyal Industries Inc.
  • medi GmbH & Co. KG
  • Mueller Sports Medicine Inc.
  • Orthofix Holdings Inc.
  • REH4MAT Sławomir Wroński
PART 15: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors
PART 16: EXPLORE

List of Exhibits:
Exhibit 01: Global medical devices market
Exhibit 02: Segments of global medical devices market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Type - Market share 2018-2023 (%)
Exhibit 18: Comparison by type
Exhibit 19: Functional knee braces - Market size and forecast 2018-2023 ($ millions)
Exhibit 20: Functional knee braces - Year-over-year growth 2019-2023 (%)
Exhibit 21: Prophylactic knee braces - Market size and forecast 2018-2023 ($ millions)
Exhibit 22: Prophylactic knee braces - Year-over-year growth 2019-2023 (%)
Exhibit 23: Unloader knee braces - Market size and forecast 2018-2023 ($ millions)
Exhibit 24: Unloader knee braces - Year-over-year growth 2019-2023 (%)
Exhibit 25: Rehabilitative knee braces - Market size and forecast 2018-2023 ($ millions)
Exhibit 26: Rehabilitative knee braces - Year-over-year growth 2019-2023 (%)
Exhibit 27: Market opportunity by type
Exhibit 28: End-user - Market share 2018-2023 (%)
Exhibit 29: Comparison by end-user
Exhibit 30: Hospitals - Market size and forecast 2018-2023 ($ millions)
Exhibit 31: Hospitals - Year-over-year growth 2019-2023 (%)
Exhibit 32: Orthopedic clinics - Market size and forecast 2018-2023 ($ millions)
Exhibit 33: Orthopedic clinics - Year-over-year growth 2019-2023 (%)
Exhibit 34: Others - Market size and forecast 2018-2023 ($ millions)
Exhibit 35: Others - Year-over-year growth 2019-2023 (%)
Exhibit 36: Market opportunity by end-user
Exhibit 37: Customer landscape
Exhibit 38: Market share by geography 2018-2023 (%)
Exhibit 39: Geographic comparison
Exhibit 40: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 41: North America - Year-over-year growth 2019-2023 (%)
Exhibit 42: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 43: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 44: Asia - Market size and forecast 2018-2023 ($ millions)
Exhibit 45: Asia - Year-over-year growth 2019-2023 (%)
Exhibit 46: ROW - Market size and forecast 2018-2023 ($ millions)
Exhibit 47: ROW - Year-over-year growth 2019-2023 (%)
Exhibit 48: Key leading countries
Exhibit 49: Market opportunity
Exhibit 50: Impact of drivers and challenges
Exhibit 51: Vendor landscape
Exhibit 52: Landscape disruption
Exhibit 53: Vendors covered
Exhibit 54: Vendor classification
Exhibit 55: Market positioning of vendors
Exhibit 56: 3M Co. - Vendor overview
Exhibit 57: 3M Co. - Business segments
Exhibit 58: 3M Co. - Organizational developments
Exhibit 59: 3M Co. - Geographic focus
Exhibit 60: 3M Co. - Segment focus
Exhibit 61: 3M Co. - Key offerings
Exhibit 62: DeRoyal Industries Inc. - Vendor overview
Exhibit 63: DeRoyal Industries Inc. - Organizational developments
Exhibit 64: DeRoyal Industries Inc. - Key offerings
Exhibit 65: medi GmbH & Co. KG - Vendor overview
Exhibit 66: medi GmbH & Co. KG - Key offerings
Exhibit 67: Mueller Sports Medicine Inc. - Vendor overview
Exhibit 68: Mueller Sports Medicine Inc. - Organizational developments
Exhibit 69: Mueller Sports Medicine Inc. - Key offerings
Exhibit 70: Orthofix Holdings Inc. - Vendor overview
Exhibit 71: Orthofix Holdings Inc. - Business segments
Exhibit 72: Orthofix Holdings Inc. - Organizational developments
Exhibit 73: Orthofix Holdings Inc. - Geographic focus
Exhibit 74: Orthofix Holdings Inc. - Segment focus
Exhibit 75: Orthofix Holdings Inc. - Key offerings
Exhibit 76: REH4MAT Sławomir Wroński - Vendor overview
Exhibit 77: REH4MAT Sławomir Wroński - Key offerings
Exhibit 78: Validation techniques employed for market sizing
Exhibit 79: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 3M Co.
  • DeRoyal Industries Inc.
  • medi GmbH & Co. KG
  • Orthofix Holdings Inc.
  • REH4MAT Slawomir Wronski
  • MORE
The following companies are recognised as the key players in the global knee braces market: 3M Co., DeRoyal Industries Inc., medi GmbH & Co. KG, Mueller Sports Medicine Inc., Orthofix Holdings Inc., and REH4MAT Sławomir Wroński.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the increase in the use of knee braces by athletes.”

According to the report, one of the major drivers in this market is the high incidence of meniscus injuries.

Further, the report states that one of the major factors hindering the growth of this market is the availability of alternatives.

The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • 3M Co.
  • DeRoyal Industries Inc.
  • medi GmbH & Co. KG
  • Mueller Sports Medicine Inc.
  • Orthofix Holdings Inc.
  • REH4MAT Sławomir Wroński
Note: Product cover images may vary from those shown
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