The report also helps in understanding Knee Braces Market dynamics, structure by analyzing the market segments and projects the Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Product portfolio, growth strategies, and regional presence in the Knee Braces Market make the report investor’s.
Knee Braces Market size was valued at US$ 1.85 Bn. in 2021 and the total revenue is expected to grow at 4.34 % through 2022 to 2029, reaching nearly US$ 2.61 Bn.
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Market Scope:
This research study makes extensive use of secondary sources, directories, and databases, such as annual reports, press releases, journals, company websites, and databases, to discover and collect material acceptable for this study.
Knee Braces Market Overview:
The Knee Braces Market study gives a complete picture of competition, including the market share and company profiles of the key competitors in the global industry. The scope of the research includes a thorough investigation of the Knee Braces Market, as well as the reasons for variations in the industry’s growth in various locations.
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Knee Braces Market Segmentation :
By Product, In 2021, functional segmentation held a 32% share of the market, dominating it. Major significant elements of the segment are its usefulness in supplying stability in anteroposterior or rotational pressures and its widespread adoption. Through the projection period, the Rehabilitative segment is anticipated to expand at a CAGR of 5.2%. They are used to promote muscle recovery around the implant and prevent implant displacement.
By Application, In 2021, the Arthritis segment had a 37% market share. Due to the rise in arthritis patients and the expanding use of knee supports, this market is anticipated to expand rapidly. Through the projection period, the sports section is anticipated to increase at a CAGR of 6%. The demand for and growth of this market will be driven by rising sports injuries, use in athletic activities, and rehabilitation.
Key Players:
The entire method entails an examination of the key market players’ financial reports. Following the assessment of the overall market size, the market was segmented into several divisions and sub-segments and validated with key industry professionals such as CEOs, VPs, directors, and marketing executives. The biggest players in the Knee Braces market are as follows:
• Orthofix Medical, Inc. (Breg, Inc.)
• Mueller Sports Medicine, Inc.
• McDavid, Inc. (EZ GARD Industries, Inc.)
• Bauerfeind AG
• Medi GmbH & Co. KG
• Otto Bock Healthcare GmbH
• Tynor Orthotics Private Limited
Regional Analysis:
The region component of the Knee Braces market analysis also contains individual market influencing variables and changes in market regulations that affect current and future market trends. Current and future trends are reviewed to evaluate the overall market potential and to identify profitable trends to get a more solid footing. The geographical market evaluation is based on the current environment and anticipated trends.
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COVID-19 Impact Analysis on Knee Braces Market:
End-user industries where Knee Braces are utilized had a drop in growth from January to May in some countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant fall in the revenues of businesses operating in these industries and, as a result, in demand for Knee Braces manufacturers, impacting the Knee Braces market’s growth in 2020. With lockdowns and an increase in COVID-19 instances throughout the world, end-user business demand for Knee Braces has declined dramatically.
Key Questions Answered in the Knee Braces Market Report are:
- Which segment had the largest share in the Knee Braces market in 2020?
- How is the competitive landscape of the Knee Braces market?
- Which are the key drivers aiding the Knee Braces market growth?
- Which region has the maximum share in the Knee Braces market?
- What will be the CAGR of the Knee Braces market during the forecast period (2021-2027)?
Reasons to Purchase the Knee Braces Market Report :
The Maximize Market Research (MMR) report contains a wealth of information about market dynamics and prospects for the anticipated time frame.
Segments and sub-segments exist for quantitative, qualitative, and value (USD Million) data.
Data on supply and demand trends at the national, regional, and sub-regional levels are provided.
The competitive landscape presents current innovations and strategies as well as the market shares of the leading rivals.
Companies that offer a variety of goods, financial information, cutting-edge technology, SWOT analyses, and business ideas.
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