“Knee Braces Market” 2019-2023 research report provides a comprehensive overview of industry. Knee Braces Market report has been explored the basis of dynamic forces for market development rate, market size, trading and key players of the industry’s information with forecast. It also examines key developing trends and their impact on current and upcoming development.
Knee Braces Market analysts forecast the global Knee Braces market to grow at a CAGR of 4% during the period 2019-2023.
Request a sample copy of the report –https://www.absolutereports.com/enquiry/request-sample/14273883
The growing medical tourism and government initiatives in orthopedics are vital factors that will trigger the growth of knee braces market. Medical tourism for orthopedic procedures has dramatically increased over the past few years. This is owing to significant cost savings and rising old population in developed nations who require cost-effective healthcare facilities. The medical tourism for orthopedic surgeries is likely to drive the demand for orthopedic braces. This will bolster the growth of the global knee braces market during the forecast period. Government initiatives on orthopedics help in the accessibility of orthopedic-related devices and treatments. For instance, the Government of India has extended the price cap, which was imposed on orthopedic knee implants until August 2019. This move was taken for relieving several arthritis patients of India. Also, the government has reduced prices of knee implants by about 64%. Initiatives like these are propelling the growth of the market in focus. Our analysts have predicted that the knee braces market will register a CAGR of 4% by 2023. .
Moreover, the report enumerates the Market share control by the most significant players of the trade associate degreed offers a detailed read of the competitive landscape. This Market is categorized into different segments with complete analysis of each with respect to geography for the study period 2019-2023.
Knee Braces Market Segment by Manufacturers includes:
and many more.
Knee Braces Market Segment by Regions includes: North America (USA, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America, Middle East and Africa.
Market Driver: high incidence of meniscus injuries Market Trend: increase in the use of knee braces by athletes Market Challenge: availability of alternativesGrowing incidence of road accidents Road safety has become a significant concern as the number of road accidents is increasing, globally. Road traffic injuries have become a priority in public health. The knee cartilage and ligaments are the most commonly damaged in road accidents. Knee injuries can take months or years to heal. A few knee injuries leave victims with lifelong complications that prevent them from engaging in physical activities such as sports or even walking without pain. Therefore, the rising road accidents are increasing the demand for knee braces to cope with knee injuries. This will contribute to the growth of the global knee braces market. High cost of knee braces The cost of a knee brace is usually covered under health insurance if a doctor prescribes it. However, for patients who are not covered by any insurance, the typical cost of a standard knee brace, made up of fabric or elastic, to provide light to moderate support during sports, in the US is about $30 on an average. The cost of a knee brace to recover from injuries or surgery is about $165, on an average, or more. It can increase to about $700-$900 or more depending on the type of material of the brace. Also, patients suffering from knee injuries also must bear additional costs on crutches in some cases. The high costs of knee braces can adversely affect their demand. This may hurt the growth of the global knee braces market during the forecast period.
Inquire or share your questions if any before the purchasing this report – https://www.absolutereports.com/enquiry/pre-order-enquiry/14273883
Key questions answered in the report:
Covered in this report:
The report covers the existing scenario and the growth prospects of the global Knee Braces market for 2019-2023. To determine the market size, the report considers the revenue generated from the sales of Knee Braces.
Purchase this Report (Price 2500 USD for a Single-User License)
https://www.absolutereports.com/purchase/14273883
Table of Contents
TOC of Keyword Market ReportPART 01: EXECUTIVE SUMMARY PART 02: SCOPE OF THE REPORT 2.1 Preface 2.2 Preface 2.3 Currency conversion rates for US$ PART 03: MARKET LANDSCAPE Market ecosystem Market characteristics Market segmentation analysis PART 04: MARKET SIZING Market definition Market sizing 2018 Market size and forecast 2018-2023 PART 05: FIVE FORCES ANALYSIS Bargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition PART 06: MARKET SEGMENTATION BY TYPE Market segmentation by type Comparison by type Functional knee braces – Market size and forecast 2018-2023 Prophylactic knee braces – Market size and forecast 2018-2023 Unloader knee braces – Market size and forecast 2018-2023 Rehabilitative knee braces – Market size and forecast 2018-2023 Market opportunity by type PART 07: MARKET SEGMENTATION BY END-USER Market segmentation by end-user Comparison by end-user Hospitals – Market size and forecast 2018-2023 Orthopedic clinics – Market size and forecast 2018-2023 Others – Market size and forecast 2018-2023 Market opportunity by end-user PART 08: CUSTOMER LANDSCAPE PART 09: GEOGRAPHIC LANDSCAPE Geographic segmentation Geographic comparison North America – Market size and forecast 2018-2023 Europe – Market size and forecast 2018-2023 Asia – Market size and forecast 2018-2023 ROW – Market size and forecast 2018-2023 Key leading countries Market opportunity PART 10: DECISION FRAMEWORK PART 11: DRIVERS AND CHALLENGES Market drivers Market challenges PART 12: MARKET TRENDS Increase in use of knee braces by sport players and athletes Prevalence of osteoarthritis leading to knee pain Increase in awareness and adoption of orthopedic braces PART 13: VENDOR LANDSCAPE Overview Landscape disruption PART 14: VENDOR ANALYSIS
Contact Us:
Name: Ajay More
Phone: US +1424 253 0807/ UK +44 203 239 8187
Mail id: sales@absolutereports.com
Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Knee Braces Market Size, Share 2019-Global Business Trends, Share, Progress Insight, Modest Analysis, Statistics, Regional, And Global Forecast to 2023