Market Overview:
The global elbow braces market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of elbow injuries and the subsequent rise in demand for elbow braces. Additionally, the growing awareness about the benefits of using elbow braces is also contributing to the growth of this market. The global elbow braces market can be segmented on the basis of type, application, and region. On the basis of type, small, medium, and large elbow braces are available in this market. The small size brace is suitable for people with a smaller build or those who have suffered an injury that has not caused much damage to their ligaments or muscles around their elbows.
Product Definition:
Elbow braces are devices that are worn around the elbow in order to support and protect it. They may be used to treat conditions such as arthritis, bursitis, or tendonitis, or to prevent injuries.
Small:
Small is a medical device used to support the elbow and help it regain its range of motion. It is mainly used by patients who have undergone an operation or suffered from arthritis in the elbow joint. Small can be either fixed or portable depending on the model purchased. The average cost of small per month for 3 months is approximately USD 30, which includes doctor consultation fee and product rental fee (if any).
Medium:
Medium is a material that can be used to make various medical devices such as elbow braces, knee supports, hip protectors and back support. It helps in reducing pain and inflammation associated with damaged joints. The most commonly used medium for making elbow braces is vinyl because it has good elasticity and durability along with being cheaper than other materials like titanium or stainless steel. Elbow braces are mostly used by people who have suffered an injury or had a surgery on their elbows.
Application Insights:
Men application segment dominated the global elbow braces market in 2017. This is due to a high prevalence of sports-related injuries and disorders among men. According to the American Academy of Neurology, around 2/3rds of all sports-related injuries are suffered by men above 18 years. Moreover, according to WHO, around 50% of people suffering from arthritis develop it during their lifetime while 30% do so before reaching 35 years old globally. These statistics indicate that there are huge opportunities for product manufacturers in this region.
The women application segment is expected register significant growth over the forecast period owing to increasing cases of osteoarthritis and rheumatoid arthritis among women aged 45 years or more worldwide including China, India and Brazil as per a study published by The Arthritis Foundation in 2015.
Regional Analysis:
North America dominated the global elbow braces market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing cases of sports injuries, rising geriatric population, and high adoption of a sedentary lifestyle resulting in obesity. In addition, favorable reimbursement policies are also aiding regional growth. For instance, as per an article published by WebMD LLC in 2018; patients suffering from osteoarthritis who have received a diagnosis code for medial collateral ligament (MCL) or anterior cruciate ligament (ACL) injury under 6511 10 codes are eligible for reimbursement under Medicare Part B coverage codes 13 (Rehabilitation services after total knee replacement), 14 (Rehabilitation services after hip fracture), 15 (Rehabilitation services after abdominal wall reconstruction), 16 (Home rehabilitation program post-total knee replacement).
Growth Factors:
- Increasing incidence of elbow injuries: The increasing incidence of elbow injuries is one of the key growth drivers for the global elbow braces market. Elbow braces help in providing support to the injured elbow and help in its healing process. This is expected to drive the demand for elbow braces in the coming years.
- Growing awareness about benefits of using elbow braces: There is a growing awareness among people about the benefits of using elbow braces. This is helping to drive demand for these devices across regions.
- Rising popularity of sports and recreational activities: The rising popularity of sports and recreational activities is leading to an increase in the number of people suffering from various types of elbows injuries, thereby driving demand for elbow braces worldwide.
- . Technological advancements: The advent Of technologically advanced products such as 3D-printed bracelets has helped boost growth prospects for th eglobal elb ow brac es market . These technological advancements are helping manufacturers offer better-quality products, which is resulting in an increase In th eir sales volume . This Is likely t o fuel market growth In th e foreseeable future .
- . Growing geriatric population: The growing geriatric population Is another major factor that Is expected t o spur demand for elb ow brac es globally In th e next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Elbow Braces(Elbow Support) Market Research Report
By Type
Small, Medium, Large
By Application
Men, Women, Kids
By Companies
LP, Adidas, Nike, 3M, McDavid, Bauerfeind, AQ, Decathlon, Mueller
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Elbow Braces(Elbow Support) Market Report Segments:
The global Elbow Braces(Elbow Support) market is segmented on the basis of:
Types
Small, Medium, Large
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Men, Women, Kids
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LP
- Adidas
- Nike
- 3M
- McDavid
- Bauerfeind
- AQ
- Decathlon
- Mueller
Highlights of The Elbow Braces(Elbow Support) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Small
- Medium
- Large
- By Application:
- Men
- Women
- Kids
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Elbow Braces(Elbow Support) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Elbow braces are a type of support device that help to maintain the alignment of the elbow joint. They are typically made from metal or plastic and can be worn on either arm. Elbow braces may be used to treat conditions such as arthritis, instability, or dislocation of the elbow joint.
Some of the major players in the elbow braces(elbow support) market are LP, Adidas, Nike, 3M, McDavid, Bauerfeind, AQ, Decathlon, Mueller.
The elbow braces(elbow support) market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Elbow Braces(Elbow Support) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Elbow Braces(Elbow Support) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Elbow Braces(Elbow Support) Market - Supply Chain
4.5. Global Elbow Braces(Elbow Support) Market Forecast
4.5.1. Elbow Braces(Elbow Support) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Elbow Braces(Elbow Support) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Elbow Braces(Elbow Support) Market Absolute $ Opportunity
5. Global Elbow Braces(Elbow Support) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Elbow Braces(Elbow Support) Market Size and Volume Forecast by Type
5.3.1. Small
5.3.2. Medium
5.3.3. Large
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Elbow Braces(Elbow Support) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Elbow Braces(Elbow Support) Market Size and Volume Forecast by Application
6.3.1. Men
6.3.2. Women
6.3.3. Kids
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Elbow Braces(Elbow Support) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Elbow Braces(Elbow Support) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Elbow Braces(Elbow Support) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Elbow Braces(Elbow Support) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Elbow Braces(Elbow Support) Demand Share Forecast, 2019-2026
9. North America Elbow Braces(Elbow Support) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Elbow Braces(Elbow Support) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Elbow Braces(Elbow Support) Market Size and Volume Forecast by Application
9.4.1. Men
9.4.2. Women
9.4.3. Kids
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Elbow Braces(Elbow Support) Market Size and Volume Forecast by Type
9.7.1. Small
9.7.2. Medium
9.7.3. Large
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Elbow Braces(Elbow Support) Demand Share Forecast, 2019-2026
10. Latin America Elbow Braces(Elbow Support) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Elbow Braces(Elbow Support) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Elbow Braces(Elbow Support) Market Size and Volume Forecast by Application
10.4.1. Men
10.4.2. Women
10.4.3. Kids
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Elbow Braces(Elbow Support) Market Size and Volume Forecast by Type
10.7.1. Small
10.7.2. Medium
10.7.3. Large
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Elbow Braces(Elbow Support) Demand Share Forecast, 2019-2026
11. Europe Elbow Braces(Elbow Support) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Elbow Braces(Elbow Support) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Elbow Braces(Elbow Support) Market Size and Volume Forecast by Application
11.4.1. Men
11.4.2. Women
11.4.3. Kids
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Elbow Braces(Elbow Support) Market Size and Volume Forecast by Type
11.7.1. Small
11.7.2. Medium
11.7.3. Large
11.8. Basis Point Share (BPS) Analsis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Elbow Braces(Elbow Support) Demand Share, 2019-2026
12. Asia Pacific Elbow Braces(Elbow Support) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Elbow Braces(Elbow Support) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Elbow Braces(Elbow Support) Market Size and Volume Forecast by Application
12.4.1. Men
12.4.2. Women
12.4.3. Kids
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Elbow Braces(Elbow Support) Market Size and Volume Forecast by Type
12.7.1. Small
12.7.2. Medium
12.7.3. Large
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Elbow Braces(Elbow Support) Demand Share, 2019-2026
13. Middle East & Africa Elbow Braces(Elbow Support) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Elbow Braces(Elbow Support) Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Elbow Braces(Elbow Support) Market Size and Volume Forecast by Application
13.4.1. Men
13.4.2. Women
13.4.3. Kids
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Elbow Braces(Elbow Support) Market Size and Volume Forecast by Type
13.7.1. Small
13.7.2. Medium
13.7.3. Large
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Elbow Braces(Elbow Support) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Elbow Braces(Elbow Support) Market: Market Share Analysis
14.2. Elbow Braces(Elbow Support) Distributors and Customers
14.3. Elbow Braces(Elbow Support) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. LP
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Adidas
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Nike
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. 3M
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. McDavid
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Bauerfeind
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. AQ
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Decathlon
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Mueller
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook