About Knee Splints
The knee is the largest joint in the body and one of the most complex which also acts like a pivot joint connecting thigh bone to shin bone. Knee splints are supports to be worn when one has pain in their knee. Some people use knee splints to prevent knee injuries during sports. Splints are consist of combinations of metal, foam, plastic, or elastic material and straps. They keep the knee stable but still allow partial movement while it is healing. The knee splints come in many sizes, colors, and designs. Athletes often wear them after a major injury has healed, as it stabilizes the knee and control motion to prevent another injury.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The demand for Knee Splints is increasing with each passing day. The businesses in this industry facing major competition with leading players of the market that includes Breg Inc., BSN Medical, 3M Company and others. Many international as well as regional providers are also participants in the industry and directly compete with leaders. It has been identified that market leading players are investing heavily in growth strategies such as technological development, resource utilization to enhance their market position. The market leaders demonstrate a market-defining vision of how knee splints can help top-line business executives achieve their business objectives. Leaders have the ability to execute against that vision through both products and services. They have demonstrated solid business results in the form of revenue and earnings. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Knee Splints market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Breg Inc. (United States), BSN Medical (Germany), 3M Company (United States), Otto Bock Healthcare (Germany), DeRoyal Industries Inc. (United States), Medi GmbH & Co. KG (Germany), Össur (Iceland), Zimmer Biomet Holdings Inc. (United States), Stryker Corporation (United States) and Bird & Cronin (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are REH4MAT (Poland), Orthofix Holdings Inc. (United States) and Patterson Medical Holdings Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Knee Splints market by Type (Prophylactic Splints, Functional Splints, Rehabilitative Splints and Unloader Splints), Application (Arthritis, Tendonitis, Knee Ligament Injury, Athletic Activity and Others) and Region.
On the basis of geography, the market of Knee Splints has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Knee Splints market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Steel will boost the Knee Splints market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Knee Splints market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in Awareness and Adoption of Orthopedic Splints
Market Growth Drivers:
Increase in Use of Knee Splints by Sports Players and Athletes and Incidence of Osteoarthritis Leading to Knee Pain
Challenges:
Substantial Adoption of Pain Medications
Restraints:
Limited Clinical Evidence to Support the Therapeutic Efficacy of Knee Splints
Opportunities:
Augmented Sales of Off-The-Shelf and Online Products and Growing Number of Musculoskeletal Disorders
Market Leaders and their expansionary development strategies
In May 2022 DJO, LLC, a subsidiary of Enovis Company had announced the acquisition of Outcome-Based Technologies, LLC. The acquisition builds upon the DJO (now part of Enovis) legacy of bracing innovation, and specifically in the fast-growing hip bracing category. The acquisition of the EXCYABIR hip brace and the CryoKnee knee brace provides innovative bracing solutions to healthcare providers and patients. The EXCYABIR hip brace is designed to increase patient compliance through a lower-profile design and ease of use for patients. The brace features modular components to allow for specific protocols to be ordered for each patient. The soft component of the brace offers unique strapping that allows for enhanced range of motion restrictions at the hip. The brace integrates an option to add stronger pain management via cold therapy that can be paired with the brace.
In September 2021 Össur had announced the launch of REBOUND ACL brace. The brace’s proprietary Dynamic Tension System (DTS) allows for individualized, adjustable settings according to individual anatomy and rehabilitation requirements whether the patient is undergoing non-surgical conservative treatment approaches or recovering from post-op reconstruction. The brace also features Össur’s proprietary Blue is YouTM system of intuitive patient touch points and ActiveGripTM liners with the added advantage of Össur’s anti-migration system (AMS) strapping, which further promote suspension and patient comfort.
Key Target Audience
Manufacturers of Knee Splints, Suppliers of Raw Materials, Wholesalers, Distributors, and Retailers Knee Splints, Healthcare Industry, Governmental Bodies and Research Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.