Global Hip Protectors Market Size By Product (Soft Hip Protectors and Hard Hip Protectors), By Application (Nursing Homes, Hospitals, Training Center and Others), By Geographic Scope And Forecast

Hip Protectors Market Size And Forecast

Hip Protectors Market was valued at USD 49.78 Million in 2020 and is projected to reach USD 74.04 Million by 2028, growing at a CAGR of 5.29% from 2021 to 2028.

The increasing number of hip fractures is expected to fuel the growth of the hip protector market. The technological development of external hip protectors with monitoring and automatic fall notification can create the opportunity for market growth. The Global Hip Protectors Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Hip Protectors Market Definition

So, what are hip protectors? Well, they're basically special underwear with protective pads built into the sides. These pads can be either hard plastic shields or soft foam, tucked into pockets in the underwear. The idea is to cushion your hip if you fall sideways. They're really useful for people at risk of falling, especially the elderly, helping to prevent those nasty hip fractures. You'll find some protectors with the pads sewn right in, while others have pockets with flaps where you insert the pads. These pads act like a barrier, stopping the force of the fall from directly hitting your hip. Now, there are different types of padssoft, hard, and a combination of both. Soft pads are usually made of things like foam, rubber, or silicon. When you fall, they compress and soak up the impact – that's called energy absorption. Because they're flexible, they fit the shape of your hip better than the hard ones. On the other hand, hard pads are made of tougher, more rigid materials.

Global Hip Protectors Market Overview

As more and more people break their hips, the market for hip protectors is expected to grow. What's interesting is that hip fracture rates are actually going up in recent years, and in many places, they haven't even started to slow down! This increase really depends on where you live and your ethnic background, but it's clear that the older you get, the higher the risk. And while there are other things that can contribute, like weaker bones, being less active, and taking certain medications, most hip fractures happen because of a fall. In fact, according to the Center for Disease Control and Prevention, a whopping 95% of hip fractures come from falls!

Falls are a serious problem for older adults, and it's not just about individuals and their families. The costs to society can be huge! We really need to raise awareness about the syndrome, risk factors, and what happens after a fall. Implementing fall prevention programs in developing regions can be tough because of the costs involved, other pressing priorities, and the fact that many people just don't get how complex falls really are. This lack of understanding can slow down market growth. And to be honest, if people aren't aware of the product, it's going to be hard to sell it. On the bright side, technology is stepping up! New and improved hip protectors are constantly being developed, which could be a big opportunity for the market. Imagine external hip protectors that can monitor someone and automatically notify emergency services if they fall – that kind of innovation could really boost the market.

Global Hip Protectors MarketSegmentation Analysis

The Global Hip Protectors Market is segmented on the basis of Product, Application, and Geography.

Hip Protectors Market, by Product

• Soft Hip Protectors• Hard Hip Protectors

When it comes to the type of protection, we see the Hip Protectors Market divided into two main categoriesSoft Hip Protectors and Hard Hip Protectors. Interestingly, the Soft Hip Protectors grabbed the biggest slice of the market pie back in 2020. And guess what? They're expected to keep growing strong, with a projected annual growth rate of 5.51% over the next few years! So, what exactly are these soft protectors? Well, imagine specialized pants or underwear that have cushioned pads built right in, sitting snugly on the outside of your hips and legs. Their whole purpose is to shield you from hip fractures if you take a tumble. The secret sauce is in those pads – they're carefully designed and patented to soften the blow, reducing the impact of falls to a level that's way below what it takes to break a hip. Basically, they're like personal airbags for your hips, protecting them from direct impact.

Hip Protectors Market, by Application

• Nursing Homes• Hospitals• Training Center• Others

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When we look at where hip protectors are used, the Global Hip Protectors Market is broken down into places like Nursing Homes, Hospitals, Training Centers, and Others. Nursing Homes really stood out, grabbing the biggest piece of the market in 2020. Plus, they're expected to keep growing, with a whopping 5.55% growth rate predicted! Just so we're clear, a nursing home is basically a place where elderly or disabled folks can live and get the care they need. You might also hear them called a skilled nursing facility (SNF), long-term care facility, old people’s home, care home, rest home, convalescent home, or even just convalescent care. Turns out, hip protectors seem to be a pretty smart way to help prevent hip fractures in these nursing homes.

Hip Protectors Market, by Geography

• North America• Europe• Asia Pacific• Rest of the World

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Looking at the world, the Hip Protectors Market breaks down into a few key regionsNorth America, Europe, Asia Pacific, and, well, the rest of the world. North America was the big player in 2020, and we're expecting it to keep growing at a rate of 4.82% each year. Asia Pacific came in second that year. You know, North America is pretty advanced, right? It's got some booming industries, like manufacturing, tech, healthcare, R&D, and even aviation! And let's face it, hip fractures are a major health concern, especially for older folks. Within North America, the U.S. is likely to be the leader in the Hip Protector Market.

Key Players

The “Global Hip Protectors Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Medline, Kaneka, Bort, AliMed, Posey, and Others. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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We dig deep into the market using both qualitative and quantitative analysis, breaking it down by economic and non-economic factors. We give you the market value (in USD Billion) for every segment and sub-segment. You'll learn which region and segment is set to explode with growth and take the lead. We analyze each region, showing how the product/service is used and what's influencing the market there. Our competitive landscape section ranks the big players and highlights their new offerings, partnerships, expansions, and acquisitions from the last five years. We offer extensive company profiles that include overviews, insights, product comparisons, and SWOT analyses for the major players. We also cover the present and future, looking at recent events and what they mean for growth, opportunities, challenges, and restraints in both emerging and established regions. Get a thorough understanding of the market with Porter's five forces analysis and insight into the value chain. Finally, we'll paint a picture of the market's dynamics, pinpointing growth opportunities down the road, and provide 6 months of post-sales analyst support.

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