Global Knee Braces Market was Valued at USD 1.6 billion in 2018

The global knee braces market was valued at USD 1.6 billion in 2018 and is expected to grow at a CAGR of 4.4% during the forecast period. Globally, key players in the knee braces market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe.

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The market is growing at a significant rate, due to the increasing occurrence of orthopedic diseases and disorders and expanding the geriatric population. Different types such as functional knee braces, prophylactic knee braces, unloader knee braces, and rehabilitative knee braces contributed to the knee braces market size.

North America is the largest knee braces market in the region, owing to the increasing prevalence of orthopedic knee disorder and diseases such as osteoarthritis and meniscal injuries.

Some of the key players operating in the global knee braces market are Breg, Inc., 3M Co, Mueller Sports Medicine Inc., REH4MAT Slawomir Wronski, Leatt Corporation, DeRoyal Industries Inc., Orthofix Holdings Inc., and medi GmbH & Co. KG.

Source: VynZ Research