Rigid knee braces are externally applied supports designed to provide stability, control excessive motion, minimize impact, and enhance sports performance. The rigid design prevents excessive joint movement through controlled flexion and extension, which protects the joint and muscles from overexertion. These braces are commonly used by athletes involved in high-impact sports like football, basketball, soccer, and skiing to prevent injury and maximize performance during rigorous physical activity.

The global Rigid Knee Braces market is estimated to be valued at US$ 1142.1 Mn in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:

Growing participation in sports and recreational activities is fueling the demand for effective performance-enhancing equipment like rigid knee braces. According to the Sports & Fitness Industry Association, over 53 million Americans participate in football, basketball, baseball, and soccer annually. With rising interest in competitive sports, athletes are increasingly adopting cutting-edge supportive products to gain a performance advantage, reduce chances of injuries, and speed up recovery. Rigid braces optimize mobility, stability, muscle support, and endurance, thereby improving sports performance. This emerging trend is expected to drive the rigid knee braces market over the forecast period.

Porter's Analysis
Threat of new entrants: The rigid knee braces market already comprises several established players. Massive capital requirements for R&D and manufacturing pose entry barriers.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of alternatives and price sensitivity.
Bargaining power of suppliers: Suppliers have moderate power due to availability of substitute raw materials.
Threat of new substitutes: Substitutes like physical therapy pose low threat due to advantages of rigid knee braces in immobilizing joints.
Competitive rivalry: The market is competitive due to presence of global and regional players.

SWOT Analysis
Strengths: Rigid knee braces provide stability and immobilize joints effectively for treating knee injuries.
Weaknesses: High costs and requirement of size adjustments may limit adoption. Lack of flexibility for certain activities.
Opportunities: Increasing incidence of knee injuries due to sports and lifestyle changes present opportunities.
Threats: Alternatives like arthroscopic surgeries and physical therapy limit market scope. Reimbursement issues in developing nations.

Key Takeaways
Global Rigid Knee Braces Market Size is expected to witness high growth over the forecast period 2024-2031. V.

North America dominates currently due to higher acceptance and growing knee injuries among older population. Asia Pacific is anticipated to register the fastest growth over the coming years supported by rising healthcare spending in countries like China and India along with growing medical tourism.

Key players operating in the rigid knee braces market are Mueller Sports Medicine, Inc., DJO Global, LLC, ACE Brand, Tynor Orthotics Private Limited, 3M Science, Mava Sports, Bauerfeind AG, Breg, Inc., Össur, Thuasne USA, Zimmer Biomet, Kao Chen Enterprise Co., Ltd, Orthosys, Bauerfeind USA Inc., Orliman S.L.U., Steeper Inc., Beagle Orthopedic, Essity Medical Solutions, Bird & Cronin, LLC, Ottobock, Trulife, DeRoyal Industries, Inc., and Remington Medical Equipment.

Get More Insights On This Topic: https://www.newsstatix.com/rigid-knee-braces-market-growth-is-expected-to-be-flourished-by-growing/

Explore More Article: https://captionssky.com/central-venous-catheter-market-in-the-u-s-an-overview/