Rigid Knee Braces Market growing at a CAGR of 4.2 percent over the forecast period (2020-2027)

Metal, plastic, moldable foam, synthetic rubber, padding or elastic material, and straps are among the hard and flexible materials used in knee braces. Knee braces come in a variety of sizes and with pressure-adjustment features. Custom knee braces, on the other hand, are made to fit the exact measurements of the knee.


During this COVID-19 epidemic, every surgery or service that is deemed "non-essential," even orthopaedic devices like rigid knee braces, is promptly shut down. The orthopaedic business has been badly impacted by this circumstance, which has resulted in a lack of both doctors and orthopaedic devices. Furthermore, many patients' frequent hospital visits have declined at an alarming rate. which negatively impacted the growth of rigid knee braces market.

In 2020, the global rigid knee braces market is predicted to be worth US$ 836.6 million, growing at a CAGR of 4.2 percent over the forecast period (2020-2027).

Covid-19 Impact:

During the COVID-19 pandemic, all non-essential treatments and services, including orthopaedic equipment like rigid knee braces, are automatically turned off. This problem has had a negative impact on the orthopaedic industry, resulting in a scarcity of both doctors and orthopaedic equipment. Furthermore, the number of patients who visit the hospital on a regular basis has decreased at an unprecedented pace which affected the growth of rigid knees braces market.

Drivers:

The global rigid knee braces market is predicted to rise due to an increase in the occurrence of osteoarthritis and meniscus injuries among the geriatric population. Between 2015 and 2030, the number of individuals aged 60 and above is predicted to rise by 56%, from 901 million to 1.4 billion, according to the United Nations. Furthermore, according to CDC data from 2015, there are 23.7 million adults in the United  States have functional limitations in their daily activities due to arthritis, implying a high prevalence of osteoarthritis.Knee injury, meniscus injury, sports players and athletes using knee braces as a preventative measure to avoid knee injuries, and people with genetic effects who have defects in natural collagen development contributing to knee pain are among the other factors driving the global knee braces market growth.

Restraints:

Over the forecast period, the worldwide rigid knee braces market is likely to be hampered by the high cost of knee braces.


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