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North America Knee Braces Market

: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014 to 2018 and Forecast 2019 to 2023

North America Knee Braces Market By Type (Prophylactic Knee Braces, Rehabilitative Knee Braces, Patellofemoral Knee Braces, Functional Knee Braces), By application/ use (Medical Use, Sports Use), By End User (Hospitals, Orthopaedic Clinics and Others) and Countries

 

 

Market Outline: North America Knee Braces Market

 

Knee braces refers to the medical aids that are used to support the painful or injured knee. Knee braces are also used to prevent injuries during the sports. There are different kind of knee braces based on their functionality. Prophylactic knee braces are used to prevent the injuries, functional knee braces are used as support for injured knees, rehabilitative braces are used to prevent harmful movements of knee and fasten the healing after injury or surgery and patellofemoral knee braces helps kneecap move smoothly over the knee joint. Usually, braces available in different sizes and shapes are made up of combination of metal, plastic, foam, straps and elastic material.

 

Market dynamics: North America Knee Braces Market

Main growth factors for North America knee braces market includes technological advancements and adaptation of knee braces in sports for the protection and increase in prevalence of osteoarthritis U.S. In addition presence of key market players and new product launches in U.S. and Canada expected to bolster the market during the forecast period. However, availability of the less supportive studies in applications of knee braces market may hamper the market growth during the forecast period.

 

Market Scope: North America Knee Braces Market

Based on type

  • Prophylactic Knee Braces
  • Rehabilitative Knee Braces
  • Patellofemoral Knee Braces
  • Functional Knee Braces

Based on application / use

  • Medical Use
  • Sports Use

Based on end user

  • Hospitals
  • Orthopaedic Clinics
  • Others

Based on country

  • U.S.
  • Canada

 

Regional Analysis

 

Geographically North America knee braces market is divided into U.S. and Canada. U.S. knee braces market is expected to have notable growth rate owing to factors such as prevalence rates of osteoarthritis and injury during the sport. According to Centre for Disease Control and Prevention (CDC), in the year 2016 estimated 30 Mn U.S. adults were affected with osteoarthritis. Canada knee braces market is projected to have lucrative market growth owing to the technological advancements and developments in knee braces market. Furthermore, increase in government funding and public spending expected to bolster the Canada knee braces market over the forecast period. For instance, Government of Canada has invested $2.46 Mn for the launch of Spring Loaded Technology Inc.’s bionic Knee brace Levitation. Levetation was launched in U.S. in June 2017.

 

Competition Assessment

  • Becker Orthopedic (U.S.)
  • 3M Company (U.S.)
  • Chase Ergo Inc. (U.S.)
  • BSN Medical GmbH (Germany)
  • Dicarre Llc (U.S)
  • Corflex Inc. (U.S.)
  • Medi Gmbh & Co. Kg (Germany)
  • Pelican Manufacturing(Australia)
  • Össur (Iceland)
  • Remington Products Company (Spectrum Brands Holdings, Inc.) (U.S.)
  • Reh4Mat (Poland)
  • Zimmer Biomet Holdings Inc. (U.S.)
  • United Ortho (U.S.)
  • DJO North America Inc. (U.S.)
  • Spring Loaded Technology Inc. (Canada)

 

Notable Market Developments

  • In May 2015, Townsend Design launched Active Reliever, an osteoarthritis knee brace in North America and sales began in July 2015.

 

Key Features of the Report:

  • The report provides granular level information about the market size, regional market share, historic market (2014-2018) and forecast (2019-2023)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
  • Becker Orthopedic (U.S.)
  • 3M Company (U.S.)
  • Chase Ergo Inc. (U.S.)
  • BSN Medical GmbH (Germany)
  • Dicarre Llc (U.S)
  • Corflex Inc. (U.S.)
  • Medi Gmbh & Co. Kg (Germany)
  • Pelican Manufacturing(Australia)
  • Össur (Iceland)
  • Remington Products Company (Spectrum Brands Holdings, Inc.) (U.S.)
  • Reh4Mat (Poland)
  • Zimmer Biomet Holdings Inc. (U.S.)
  • United Ortho (U.S.)
  • DJO North America Inc. (U.S.)
  • Spring Loaded Technology Inc. (Canada)

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