Latin America Knee Braces Market: By Type (Prophylactic Knee Braces, Rehabilitative Knee Braces, Patellofemoral Knee Braces, Functional Knee Braces), By application/ use (Medical Use, Sports Use), By End User (Hospitals, Orthopaedic Clinics and Others) and Countries – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023
Market Outline: Latin America Knee Braces Market
Knee braces refer to the medical aids that are used to support the painful or injured knee. Knee braces are also used to prevent injuries during the sports. There are different kind of knee braces based on their functionality. Prophylactic knee braces are used to prevent the injuries, functional knee braces are used as support for injured knees, rehabilitative braces are used to prevent harmful movements of knee and fasten the healing after injury or surgery and patellofemoral knee braces helps kneecap move smoothly over the knee joint. Usually, braces available in different sizes and shapes are made up of combination of metal, plastic, foam, straps and elastic material.
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Market dynamics: Latin America Knee Braces Market
Latin America knee bracers market is driven by the rising disease burden of bone disorders such as osteoarthritis and osteoporosis. Furthermore, growth in health awareness related to healthy life maintenance led to the rise in usage of knee braces to prevent injuries during the sport. In addition, well established healthcare infrastructure and online distribution of knee braces by the companies led to ease in purchasing of products. This factor also positively impact the growth of Latin America knee braces market during the forecast period. However, decrease in prices of knee braces and lack of supported clinical studies expected to hamper the Latin America knee braces market over the forecast period.
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Market Scope: Latin America Knee Braces Market
Latin America Knee Braces market is segmented based on
Based on type, Latin America knee braces market is segmented into
- Prophylactic Knee Braces
- Rehabilitative Knee Braces
- Patellofemoral Knee Braces
- Functional Knee Braces
Based on application / use Latin America knee braces market is segmented into
- Medical Use
- Sports Use
Based on end user, Latin America knee braces market is segmented into
- Hospitals
- Orthopaedic Clinics
- Others
Based on Country, Latin America knee braces market is segmented into
- Brazil
- Mexico
- Argentina
- Venezuela
- Rest of Latin America
Regional Analysis: Latin America Knee Braces Market
Geographically Latin America knee braces market is divided into Brazil, Mexico, Argentina, Venezuela and Rest of Latin America. Brazil knee braces market is expected to grow at significant growth rate owing to increase in number of accidents and bone diseases such as osteoarthritis and osteoporosis that leads to bone weakening and pain. According to World Health Organization (WHO), “Global Status Report on Road Safety 2013”, estimates that more than 43,800 people are killed in road accidents every year in Brazil. Mexico knee braces market is expected to have notable growth over the forecast period owing to the increase in aging population and people with obesity who are susceptible to the bone disorders such as osteoporosis and osteoarthritis. Furthermore, new product launches and growing government expenditure on health projected to boost the Latin America knee braces market over the forecast period.
Competition Assessment: Latin America Knee Braces Market
Key player’s profiles in Latin America Knee Braces market include
- Becker Orthopedic (U.S.)
- 3M Company (U.S.)
- Chase Ergo Inc. (U.S.)
- BSN Medical GmbH (Germany)
- Dicarre Llc (U.S)
- Corflex Inc. (U.S.)
- Medi Gmbh & Co. Kg (Germany)
- Pelican Manufacturing(Australia)
- Össur (Iceland)
- Remington Products Company (Spectrum Brands Holdings, Inc.) (U.S.)
- Reh4Mat (Poland)
- Zimmer Biomet Holdings Inc. (U.S.)
- United Ortho (U.S.)
- DJO Latin America Inc. (U.S.)
- Spring Loaded Technology Inc. (Canada)
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Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2012-2016) and forecast (2017-2023)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market and reimbursement scenario
- The report provides plethora of information about market entry strategies, regulatory framework
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
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