Electric Heat Knee Brace Market REPORT OVERVIEW
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The global electric heat knee brace market size is expanded rapidly in 2022 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2022 to 2031.
The knee, which has the capacity to hold the majority of the body's weight, is our most complete joint. During a sporting activity or exercise, it is vulnerable to injury. Knee discomfort from arthritis is excruciating for those who suffer from it. Such individuals find knee braces to be a useful tool in reducing or eliminating pain both before and after a knee injury. Elastic, foam, metal, plastic, straps, and plastic are all used in the construction of knee braces. Different sizes, styles, and colors are prepared for these braces. As a precise platform for situating the knee during knee surgery, electric heat knee braces are used.
There is a high need for knee pain management methods because the elderly is more prone to joint and knee discomfort brought on by conditions like bursitis and arthritis. Knee braces, like the unloader brace, provide comfort and facilitate walking by reducing knee joint pain. Knee braces are worn by sports players to prevent injuries while playing, in addition to the geriatric population, which increases demand in the market.
COVID-19 Impact: Stringent Regulations and Government Rules to Hinder the Market Growth
The coronavirus disease (COVID-19) has exacerbated the existing healthcare and economic crises. The COVID-19 pandemic has strained the healthcare system globally, and it is predicted that wealthy nations will experience an economic downturn. Numerous small clinics, hospitals, and nursing homes were compelled to close. Additionally, localized curfews and social distance have caused elective surgical treatments to be postponed. Additionally, visa revocations have halted medical tourism and may have a detrimental effect on the expansion of the healthcare services business.
LATEST TRENDS
"Technological Developments to Impel Market "
The market for post-operative and rehabilitation braces is anticipated to develop significantly throughout the forecast period. These are employed to stop the implant from dislocating and to hasten the recovery of the tendons and surrounding muscles. Due to technical developments and helpful reimbursement regulations, TKR is becoming more popular in developing nations. By 2030, many people in the US will likely have TKR operations. The market for post-operative electric heat knee brace will gradually grow as a result.
To create fresh, pleasant, and affordable products, the market's companies are spending in R&D. A rebound post-op electric heat knee brace, for instance, was introduced by Ossur with smart-fit packaging and a smaller weight.
Electric Heat Knee Brace Market Segmentation
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- By Type Analysis
By type, the electric heat knee brace market is segmented into vibration mode and without vibration mode.
The vibration mode segment will dominate the market in the coming years.
- By Application Analysis
Based on applications, the electric heat knee brace market is home, office and others.
The home segment will lead the global share through 2031.
DRIVING FACTORS
"Increasing Patients of Arthritis to Augment the Market Demand "
The market expansion is also anticipated to be supported by technological developments in electric heat knee brace throughout time. The knee joint is one of the body's most delicate joints, according to the American Academy of Orthopedic Surgeons (AAOS). The majority of the common arthritis braces are made to only work on one side of the knee. It has been discovered that a sizable proportion of people only have arthritis on one side of their knee. The remaining patients all suffer from multiple sclerosis. Technology known as tri compartment unloading has recently been developed to meet patient needs for rest. The knee decompresses as it is bent and is supported by liquid springs.
"Transforming Medical Industry and Rising Patient Awareness to Propel the Market "
Product penetration is growing as people become more aware of the discomfort associated with OA. electric heat knee braces are covered by organizations like the Centers for Medicare and Medicaid. The World Health Organization (WHO) identified OA as a serious worldwide health concern. Patients are being discouraged from having Total Knee Replacement (TKR) surgery as a result of the post-operative problems. Patients are more at ease when wearing braces, which is predicted to present lucrative growth prospects for the electric heat knee brace market throughout the forecast period.
RESTRAINING FACTORS
"Excessive Price of the Electric Heat Knee Brace Will Impede the Expansion of the Market "
One of the greatest hospital costs is associated with orthopedic surgery treatments, such as total joint replacement. The high price of electric heat knee brace, nevertheless, might limit their growth. The knee brace market is being restricted by its excessive price.
Electric Heat Knee Brace Market REGIONAL INSIGHTS
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"North America to Hold the Largest Global Electric Heat Knee Brace Market Share in Some Regions "
Regarding revenue share, North America dominated the world market for electric heat knee brace. Doctors advise using electric heat knee braces to treat osteoarthritis, avoid injuries, and help patients recover after surgery. Thus, it is anticipated that the regional demand will be driven by factors including the increased incidence of osteoarthritis, the growing senior population, and the availability of insurance coverage. A further factor projected to drive demand for preventative and practical braces is the increased interest in sports among young people.
Over the predicted period, Asia Pacific is expected to see profitable growth. Medical tourism is on the rise, and government programs are to blame for the surge. In addition, it is anticipated that the demand for regional products would be fueled by an ageing population that is on the rise and at danger of developing osteoarthritis and other joint issues. The National Health and Nutrition Examination Survey (NHANES) found that radiographic osteoarthritis of the knee affected a large number of persons over 60 years of age. Women in China are more likely than men to suffer from knee osteoarthritis. However, both men and women are significantly more likely to get the disease in Japan.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.
List of Market Players Profiled
- APTOCO (China)
- Comfier (U.S.)
- Sunbeam Products (U.S.)
- FIT KING (U.S.)
- ARRISLIFE (U.S.)
- UTK Technology (China)
REPORT COVERAGE
The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services, or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes several other factors that have contributed to recent electric heat knee brace growth in some regions.
Frequently Asked Questions
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What are the key factors driving the electric heat knee brace market?
Increasing patients of arthritis, transforming medical industry and rising patient awareness are some of the driving factors of the electric heat knee brace market.
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What is the leading region in the electric heat knee brace market?
North America is the leading region in the market for permeation testing machines electric heat knee brace market.
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What are the key players in the electric heat knee brace market?
UTK Technology, Sunbeam Products and ARRISLIFE are some of the leading players in the electric heat knee brace market.