Vantage Market Research
Nov 23, 2021
In terms of revenue, the global limb protectors market accounted for USD 4.4 Billion in 2020 and is expected to reach USD 9.21 Billion by 2028, growing at a CAGR of 6.9% from 2021 to 2028. The global limb protectors market is mainly driven by factors such as, increasing geriatric population, improving healthcare infrastructure, rising health awareness, among others.
Key Findings
- Type segment for Limb Protectors Market is expected to be the dominating segment for the market. Under the type segment, the head protector sub-segment is anticipated to boost the segment owing to changing trends toward sports such as biking, racing, among others.
- Under the application segment, the online sale segment is expected to hold the largest share of more than 28.6% in 2020. The growth is attributed to the increasing adoption of online sales and changing trend towards digitalization and online shopping.
- North America is projected to hold the largest share of more than 26.15%, for the Limb Protectors Market. Asia Pacific is expected to grow at a CAGR over the forecast period. The growth is attributed to a large geriatric population, especially in China.
Some of the key players in the Limb Protectors Market are Comfort Company, Thesis Technology Products, Stay Dry Products, Wooltec, ImpactActive, Restora Healthcare, Qld Rehab, Pki Electronic, Independence Australia, HealthSaver, among others.
The limb protectors market growth is mainly attributed to factors such as increasing geriatric population, improving healthcare infrastructure, rising health awareness, increasing spending power of consumers, changing trend towards outdoor sports, increase in the number of sports injuries, increase in the number of accidents, among others. Nowadays, the population is increasing tremendously. Thus, the geriatric population is also increasing, and owing to the increase in a number of the geriatric population the patients with knee pain among others are also increasing which is likely to increase the market growth. Also, the changing trend towards outdoor sports such as football, cricket among others is also increasing. Thus owing to this the number of sports injuries is also increasing which is expected to fuel the limb protector market growth in the near future and over the forecast period. Moreover, sports such as racing, and changing trends towards biking hobbies are expected to boost the market growth in the near future.
North America region is expected to hold the largest share over 26.15% for the forecast period. The growth in this region is attributed to the presence of major players in this region. Also, owing to the developed economy and cost-effective product; it is witnessing the growth of the global limb protectors market in the North American region. The U.S. is projected to be dominating in the North American region. Asia Pacific region is anticipated to grow at the fastest CAGR of 9.5% over the forecast period. The presence of countries such as India and China which are the most populated countries in the world is providing a large base population of consumers. Thus, owing to the large base of the population present in this region is expected to grow the market over the forecast period.