Rigid Knee Braces Market Growth Trends by Rising Sports Injuries

Rigid Knee Braces Market


The rigid knee braces market comprises medical devices used to support injured or weakened knees. Rigid knee braces provide stability and immobilization to knees through rigid plastic or metal frames surrounding the knee joint from all sides. They are commonly prescribed for athletes recovering from injuries like tears in ligaments or fractures. Rigid knee braces offer more structural support than soft braces through their durable frames.

The Global Rigid Knee Braces Market Share is estimated to be valued at US$1142.1 million in 2024 and is expected to exhibit a CAGR of 6.6% over the forecast period between 2024 to 2030.

Key players: Key players operating in the rigid knee braces market 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.

Growing demand: The global rigid knee braces market is driven by the growing number of knee injuries due to rising participation in sports and recreational activities. According to some studies, around 250,000 people in the U.S. have to undergo knee surgery every year due to various injuries. Rigid knee braces are highly effective in the rehabilitation process post injuries and surgeries involving ligament tears or fractures. This fuels the demand for rigid knee braces globally.

Global expansion: Manufacturers in the rigid knee braces market are focusing on geographic expansion strategies to penetrate developing regions with high unmet needs. Emerging countries in Asia Pacific and Latin America are perceived as lucrative markets since a large patient population depends on affordable rigid knee braces for treatment. Several local players are also entering the industry through strategic collaboration with international brands. This is expected to boost the global rigid knee braces market during the forecast period.

Market key trends: One of the key trends observed in the rigid knee braces market is the growing demand for customized braces developed through 3D printing and advanced digital imaging technologies. Customized rigid knee braces offer better comfort through precise fitting according to the patient's knee anatomy and movement. Leading manufacturers are extensively investing in advanced manufacturing capabilities to develop customizable braces tailored as per the needs of athletes, thereby enhancing patient outcomes.


Porter's Analysis

Threat of new entrants: The rigid knee braces market has moderate threat of new entrants due to established brand value of existing players and requirement of significant investment for R&D and manufacturing facilities.

Bargaining power of buyers: The bargaining power of buyers is moderate as there are many players offering differentiated products at varied price points in the market.

Bargaining power of suppliers: The bargaining power of suppliers is low due to availability of substitutes and less differentiation in components used in manufacturing.

Threat of new substitutes: The threat of substitute products is moderate as other treatment options like physiotherapy, surgery are available but have significant limitations.

Competitive rivalry: The competitive rivalry in the market is high due to presence of global and regional players offering similar products and competing on product quality, price and innovation.

Geographical Regions:
North America region currently accounts for the largest share in rigid knee braces market in terms of value due to higher awareness, developed healthcare infrastructure and rising geriatric population prone to knee injuries in the region.

Asia Pacific region is expected to witness the fastest growth during the forecast period owing to increasing healthcare expenditure, growing medical tourism industry and large patient pool in developing countries like China and India.

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