Running Ankle Brace Market Size, Share, Growth, and Industry Analysis, By Type (Adjustable and Unadjustable), By Application (Injury Rehabilitation, Sports Fitness and Others), and Regional Forecast to 2032

RUNNING ANKLE BRACE MARKET OVERVIEW

The global Running Ankle Brace market size was USD 65 million in 2023 and is projected to touch USD 119.6 million by 2030, exhibiting a CAGR of 6.3% during the forecast period.

The Running Ankle Brace marketplace offers the user many features that make this particular product service work effectively as well as efficiently. Ankle braces from Bauerfeind can help to reduce pain, inflammation as well as swelling and at the same time provide joint stabilization and support that enables the user to run again. The development in this sector has been supported by this factor thus increasing the running ankle brace market.

In addition, the rate of growth expected on this particular product service is because of the quality level of assurance. It is noticeable that prosperity has been reported for this specific product market with rather amusing figures. Market driving forces include increasing marketing and demand for preventive orthopaedic braces and supports; the rising incidence of sports and accidents, the rising population of elderly people and constant technological advancements. These variables help create new inventions in products and services to benefit the patients. This has, however, angered the sales and demand of this particular market growth and success.

GLOBAL CRISES IMPACTING THE RUNNING ANKLE BRACE MARKETCOVID-19 IMPACT

Running Ankle Brace Industry Had a Negative Effect Due to supply chain disruption during COVID-19 Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The outbreak of the COVID-19 virus has shifted the running ankle brace market dynamics across the globe. Monopolization of businesses by the government through procedures such as lockdowns and restrictions of movement hampered the supply chains resulting in production constrained and shortage of raw materials. Most sporting activities were churched or called off thereby translating to less usage of ankle braces among the athletes. However the advancement in home workouts plus the rise in more individuals exercise regimes to prevent injuries have cushioned the impact.

LATEST TREND

"Growing Adoption of Technologically Advanced Products Drive Market Growth"

The use of technologically advanced products has become a key trend in the running ankle brace market across the world. Smart elements in modern ankle braces include movement and pressure sensors that inform users of the conditions in real time. This innovation is attributed to the growing need for individual-tailored fitness and injury prevention services among athletic and fitness consumers. Also, innovations in materials and designs give better comfort and support and thus motivate more consumers to buy these products.

RUNNING ANKLE BRACE MARKET SEGMENTATION

BY TYPE

Based on Type, the global market can be categorized into Adjustable and Unadjustable

• Adjustable: Adjustable Running ankle braces are made in a way that users can adjust the braces such that they fit the user perfectly based on his needs. Correspondingly, this feature is very useful for people with certain injuries or those who require a different amount of assistance at different times. With the unique feature of adjusting the brace, it makes it easier to get a good snug fit and this improves the comfort and the performance of the brace in general.
• Unadjustable: Adjustable ankle braces are available in fixed dimensions and are highly dependable in any holding or support they offer without the need for modification. It is a great product for users who do not need to change the level of support for the ankle frequently. This type is commonly selected since it is easy to use in comparison with other types of motive forms.

BY APPLICATION

Based on application, the global market can be categorized into Injury Rehabilitation, Sports Fitness and Others

•  Injury Rehabilitation: Injury Rehabilitation Braces are used mainly in the rehabilitation of ankle injuries yet it helps the patient recover from the particular injury. They assist in the reduction of stress on the injured structure, speeding recovery, and avoiding the development of complications. These braces are of importance to those who are in rehabilitation to enable them to gain strength and movement.
• Sports Fitness: Sports fitness ankle braces are specialized to improve performance while participating in sporting activities as well as to protect from an ankle injury. It provides security that allows complete freedom of movement which is suitable for any sportsman in need of protection from injuries. These braces assist in minimizing the chances of an ankle injury as well as enhancing the performance of an athlete.
• Others: Other is a group of ankle braces other than those manufactured for rehabilitation of injuries and fitness purposes in sports. This can include braces for specific diseases, for wearing day and night, or braces with a use that doesn’t necessarily fall into these categories. These braces cover different requirements and aim at offering particular solutions in distinct circumstances. 

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.                         

DRIVING FACTORS

"Sports-Related Injuries to Boost the Market"

The main factor attributed to the growth of this market is the Sports-Related Injuries. The use of orthopaedic treatments is on the rise because of the rise in sporting and traffic incidents. It is expected to be the strongest driver in the particular product market. This is putting pressure on the braces and supports needs hence contributing to the market growth. This particular factor has in terms proportionally increased the demand for this product. The need for orthopaedic surgery is rising gradually day by day because of a higher number of the elderly population and the incidence of musculoskeletal disorders. Such factors are expected to help the growth of the market.

"Use of Ankle Braces as Preventive Care with the rising number of orthopaedic surgeries Expand Market"

The use of Ankle Braces as Preventive Care with the rising number of orthopaedic surgeries is another key aspect of the Running Ankle Brace market growth. Braces around the ankle area are becoming fashionable as they are used in the prevention of possible injuries majoring in those who engage in sporting activities. Ankle replacements and fusions are among the escapees; the incidence of orthopaedic surgery overall is increasing. Running Ankle Brace use is common after operations, particularly during recovery, therefore the growth in the market demand.

RESTRAINING FACTOR

"Lack of Awareness Potentially Impede Market Growth"

Braces and supports for the ankle are worn by people who do not necessarily need a doctor’s prescription and the general public is not very much aware of the utility of ankle braces and supports. This consequently means that people will not use these products especially when they could stand to benefit from them. One of the major challenges which affect the growth of the Running Ankle Brace market share is ignorance. This lack of awareness seems to be a major hurdle to the ankle supports and braces market and the development of new products that would help not only prevent new injuries but also facilitate the recovery process in existing cases.

OPPORTUNITY

"Development of Smart Braces Create Opportunity for the Product in the Market"

Smart braces have emerged as new developments in the running ankle brace market enabling an appendage of innovative technology to conventional support. These sports braces not only cover and support body parts but also act as monitoring devices that measure a particular player’s performance and even offer instant feedback, making them perfect for those athletes who prefer that extra edge in their protection as well as enhancement. Hence, smart braces have gotten attention from tech-savvy runners and fitness freaks, locating them in a specific segment of the larger population. This change has made the sports performance and injury prevention industry pursue more tailored, analytical tools required values, making smart braces as a game-changing product.

CHALLENGE

"Keeping Pace with Technological Advancements Could Be a Potential Challenge for Consumers"

The current state in which the running ankle brace market finds itself means that it is struggling to deal with technological advancements that are coming through at a very fast pace. The companies cannot adapt material and design technologies or changes in manufacturing strategies as fast as consumers demand

RUNNING ANKLE BRACE MARKET REGIONAL INSIGHTS

• NORTH AMERICA (U.S.)

North America is expected to dominate in this particular product market and is expected to increase in the forecasted period. Due to the increasing incidence of orthopaedic fractures and musculoskeletal disorders, the ageing population and increasing road and sports injuries, North America is expected to continue to account for a significant market share in the predicted period. The other factor that may lead to high spending in health care is a developed healthcare structure. The United States Running Ankle Braces Market exhibits regional segregation because of different levels of participation in sports and awareness towards the usage of braces. Some states in the Northeast and Midwest have high demands as there are so many recreational runners and many organized sports programs.

• EUROPE

Europe is expanding the Running Ankle Brace Market which emphasizes more on the quality of the products and the compact ergonomic design which permits a fast diagnosis. High regulation and high healthcare expenditure also add to the factors fueling the growth of this market. Developed countries’ consumers are becoming increasingly conscious about sports injuries and their prevention which are driving the demand for braces.  

•  ASIA

Asia Pacific region is the second largest regional market and is expected to show a higher growth rate in the forecast period attributed to increasing disposable income, growing government expenditure on healthcare facilities and heightened growth in a geriatric population.

 KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market Through Innovations and Strategic Partnerships"

The running ankle brace market is very much driven by the key industry players through innovations and strategic partnerships. Current market trends are being led by the use of new and innovative materials as well as technology used in the construction of the leading brands for support and comfort. These companies’ concern is to develop braces that provide enhanced support and yet are light and allow proper airflow. Also, the collaboration with sporting personalities, sports academies and research agencies, assists in developing products as per the requirements of the athletes, thus, contributing to the market growth. The competitive distribution is also affected by the growth of the demand for individual and effective braces, which puts pressure on the companies to constantly improve.

LIST OF TOP RUNNING ANKLE BRACE COMPANIES

• TechWare Pro (U.S.)
• ARYSE (U.S.)
• Benmarck (Denmark)
• Modvel (U.S.)
• Bodyprox (U.S.)
• Candy Li (China)                 
• PowerLix (U.S.)
• Sleeve Stars (Sweden)
•  Vinaco (U.S.)
• Ultra Ankle (Indianapolis)

KEY INDUSTRY DEVELOPMENT

January 2022: Össur announced the launch of the ReLeaf Active knee brace, designed to provide pain relief and support for patients with osteoarthritis. The brace features a unique hinge design that mimics the natural movement of the knee, and it is made from lightweight, breathable materials for comfort.

REPORT COVERAGE 

The research includes an in-depth SWOT analysis and offers perspective on upcoming trends in the market. It analyzes different aspects that lead to market growth, investigating various market segments and possible uses that could influence its future direction. The analysis considers present trends and past pivotal moments, giving a comprehensive view of the market's elements and pinpointing possible areas for expansion.

The Running Ankle Brace market is poised for a continued boom pushed by Sports-Related Injuries, and the Use of Ankle Braces as Preventive Care with the rising number of orthopaedic surgeries. Despite challenges, which include a Lack of Awareness, the Development of Smart Braces supports marketplace expansion. Key industry players are advancing via technological upgrades and strategic marketplace growth, enhancing the supply and attraction of Running Ankle Brace. As customer choices shift towards technologically smart braces, the Running Ankle Brace market is expected to thrive, with persistent innovation and a broader reputation fueling its destiny prospects.