Knee Braces Market Size, Share & Trends Analysis Report By Product (Prophylactic, Functional, Rehabilitative, Unloader), By Application (Sports, Ligament, Arthritis), By End Use, By Region, And Segment Forecasts, 2024 - 2030

Knee Braces Market Size & Trends

The global knee braces market size was valued at USD 1.12 billion in 2023 and is projected to grow at a CAGR of 7.7% from 2024 to 2030. The rise in osteoarthritis (OA) cases, orthopedic knee surgeries, athletic injuries and other knee related injuries are fueling the growth of the knee brace industry. For instance as per the CDC, more than 32.5 million American adults have osteoarthritis. Worldwide, over 500 million individuals are impacted by OA, accounting for approximately 7% of the global population. Factors such as increasing understanding of the importance of preventive support during sports, higher incidence of knee injuries, and a growing aging population contribute to the growing need for knee support braces.

Furthermore, the rise in sports-related injuries of people engaging in physical activities drives the demand for knee braces. For instance in the U.S., around 3.5 million injuries happens annually due to sports activity. Moreover, there is consistent need for functional knee braces in the market in recent years because they improve knee stability and function. Additionally, knee braces are utilized to prevent any undesired movements during sports activities.

Rising awareness regarding OA related pain is helping increase product penetration. The World Health Organization (WHO) declared OA as a significant global health issue. The post-operative complications of Total Knee Replacement (TKR) surgeries are also restricting the patients from undergoing such surgeries. Patients are more comfortable wearing braces, which is anticipated to provide lucrative growth opportunities for the knee braces market over the forecast period.

Product Insights

Functional braces dominated the market in 2023 owing to effectiveness and wide acceptance of the product. These braces are used for providing stability during anteroposterior and rotational forces. The braces are recommended after Anterior cruciate ligament (ACL) injury and to reduce any additional injury after ACL reconstruction. According to University of Michigan Health more than 400,000 ACL injuries take place annually among active individuals and athletes in the U.S.

Prophylactic braces are expected to register the fastest CAGR during the forecast period. There is a growing understanding of the need for preventive measures, as more individuals acknowledge the significance of wearing supportive braces while participating in sports to prevent injuries from occurring. Furthermore, with an aging population, there is a higher number of arthritis patients who can utilize assistance and steadiness provided by prophylactic braces.

Application Insights

Arthritis dominated the market in 2023 owing to the increasing product adoption along with rising disease prevalence. There is a high demand for knee braces that help increase stability, alleviate pain, and assist with daily tasks for arthritis sufferers. Moreover, with growing awareness of the advantages of utilizing knee braces for arthritis, the market is expected to grow in the coming years.

The sports segment is anticipated to grow at the fastest CAGR during the forecast period. The growing number of sports-related injuries and participation in sports activities, along with the need for rehabilitation, are projected to fuel the segment’s expansion. For instance in the U.S., around 30 million kids and adolescents join organized sports, resulting in over 3.5 million injuries annually. These devices help speed up the healing process, offer assistance for osteoarthritis in the knee and may decrease knee discomfort which is essential for athletes who want to quickly recover and get back to their sport.

End Use Insights

Orthopedic clinics dominated the market in 2023 and are anticipated to grow at the fastest CAGR during the forecast period. This is attributed to the presence of established clinics, with state-of-the-art devices and smart technologies, offering streamlined orthopedic process in the developed & developing economies.

Growing number of older individuals with higher rates of joint problems such as osteoarthritis require regular visits and care in a comfortable outpatient environment. Ultimately, the emphasis on individualized treatment and recovery provided by dedicated orthopedic centers continues to drive their expansion in the orthopedic healthcare industry.

Regional Insights

North America knee braces market dominated the market in 2023. A significant share of the region is credited to the presence of a strong healthcare system in the region. Furthermore, the rising occurrence of orthopedic knee issues such as osteoarthritis and meniscal injuries are driving the growth.

U.S. Knee Braces Market Trends

The U.S. knee braces market dominated the North America in 2023. The rise in healthcare spending is expected to drive market growth in the region. Health care spending in the U.S. increased by more than 3% in 2022 to about USD 3 trillion. Moreover, the presence of key companies is further expected to propel market growth.

Europe Knee Braces Market Trends

Europe knee braces market was identified as a lucrative region in 2023 due to increasing aging population. The increasing number of older people are at higher risk for knee braces conditions such as osteoarthritis and arthritis.

The knee braces market in UK is expected to grow rapidly in the coming years owing to an increase in medical tourism and an increasing number of sports injuries. Moreover, the older population in the UK is at a higher risk for degenerative conditions that necessitate knee surgeries. The National Health Service (NHS) stated that more than 20 million individuals in the UK, which is almost one third of the population, have musculoskeletal conditions like arthritis. 

Asia Pacific Knee Braces Market Trends

Asia Pacific knee braces market is anticipated to witness significant growth in the coming years. The healthcare infrastructure in countries such as China and India are expanding, leading to more accessibility to these braces.

The knee braces market in India is expected to grow rapidly in the coming years due to going shifts in its population demographics, such as a growing number of elderly people, higher levels of obesity and a rise in sedentary lifestyles. These factors play a role in the higher occurrence of osteoarthritis, particularly in weight-bearing joints such as the knees and hips. As reported by the International Journal of Health Sciences and Research, osteoarthritis is the most common musculoskeletal disease in the country and is the most serious joint disorder, affecting 22-30% of the population in India.

Key Knee Braces Company Insights

Some of the key companies in the knee braces market include TYNOR ORTHOTICS, McDavid., Enovis Corporation, Össur and others.

• DJO (Enovis Corporation) provides knee support, ranging from simple compression sleeves for minor issues to braces with hinges and straps for robust support post-injuries or surgeries.

Recent Developments

• In January 2024, Enovis Corporation revealed the acquisition of LimaCorporate S.p.A., a well-known global orthopedic organization for its creative implant solutions. The purchase strengthens Enovis' position in orthopedic reconstruction by adding a complementary portfolio, leading to growth and increasing margins worldwide.

• In December 2023, Tynor Orthotics Private Limited established an innovative manufacturing facility in Mohali (Punjab), equipped with state-of-the-art technology and infrastructure.

Knee Braces Market Report Scope

Global Knee Braces Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global knee braces market report based on product, application, end use, and region.

• Product Outlook (Revenue, USD Billion, 2018 - 2030)

  • Prophylactic

  • Functional

  • Rehabilitative

  • Unloader

• Application Outlook (Revenue, USD Billion, 2018 - 2030)

  • Sports

  • Ligament

  • Arthritis

  • Others (Tendonitis)

• End Use Outlook (Revenue, USD Billion, 2018 - 2030)

  • Orthopedic Clinics

  • OTC

  • Hospital

  • DME Dealers

  • Others

• Regional Outlook (Revenue, USD Billion, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • Denmark

    • Sweden

    • Norway

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • Australia

    • Thailand

  • Latin America

    • Brazil

    • Argentina

  • Middle East and Africa (MEA)

    • Kuwait

    • UAE

    • Saudi Arabia

    • South Africa