Global Hip Protectors Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Hip Protectors Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Hip protectors are wearable devices with pads (hard or soft) on the outside of each hip/leg, aiming at reducing the force applied to the proximal femur and the related risk of hip fracture when falling. They are most commonly used in elderly people with high risk of falls and hip fractures. Elderly people living in nursing institutions or at home are at high risk of falling, and hip fractures may occur after falling. Clinical trials show that wearing a specific type of hip protector can reduce the risk of hip fracture by 80%.

Market Overview:

The latest research study on the global Hip Protectors market finds that the global Hip Protectors market reached a value of USD 49.9 million in 2022. It’s expected that the market will achieve USD 62.0 million by 2028, exhibiting a CAGR of 3.68% during the forecast period.

Influence of COVID-19 Outbreak on Hip Protectors Industry Development

The COVID-19 outbreak has disrupted business and economic activities globally. It is expected to have a short-term impact on the Hip Protectors market to a certain extent. With several countries across the globe announcing nationwide lockdowns and temporary closures of various industries, production and manufacturing have been severely affected. Stopping production not only aggravates the shortage of funds for small and medium-sized enterprises, but also reduces the solvency of enterprises, which may affect operation and sales. Some enterprises have difficulties in operation and even go bankrupt. The epidemic situation has seriously affected the logistics and transportation, and the transportation of raw materials is difficult. The industrial chain of small and medium-sized enterprises is imperfect and fragile. Trade barriers have further impacted the demand-supply gap. Before the pneumonia epidemic in COVID-19 is solved, the production and operation of Hip Protectors market will inevitably be affected.
With the gradual control of the epidemic, some factories began to resume operation. However, enterprises need to protect the life and health of employees while operating production, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after production, and testing the body temperature of employees every day to ensure their health. These measures will increase production costs and affect the development of enterprises.
Pneumonia epidemic in COVID-19 has a great impact on the after-sales operation of Hip Protectors industry, especially on small and medium-sized enterprises. Stopping production not only aggravates the shortage of funds for small and medium-sized enterprises, but also reduces the solvency of enterprises, which may affect production and sales. Some enterprises have difficulties in operation and even go bankrupt. The epidemic situation has seriously affected the logistics and transportation, and the transportation of raw materials is difficult. The industrial chain of small and medium-sized enterprises is imperfect and fragile.

Market Restraints Analysis

Although hip protector can effectively prevent hip fracture, its acceptance and persistence level may be low. The perceived demand depends more on user awareness, and the enthusiasm of many users is only short-term. Without supervision, users may cancel the use under various excuses. Therefore, it is very important to overcome the challenge of acceptance and persistence.
Hip Protectors are mainly used to prevent hip fracture after falling, but there are still controversial issues in hip protectors products. When wearing hip protection, some people will have side effects, such as skin irritation. In addition, in product design, more practical problems should be considered when designing hip protectors. Many Hip Protectors users are incontinent, and some hip protectors in the market are not portable & flexible performance will affect their actions. In design, incontinence pads can be used in underwear of hip protector, and some hip protector users prefer to wear other clothes under hip protector. This reduces the number of washing protective gear and the number of protective gear clothing that needs to be purchased. When used in institutions, it can reduce the workload and time of staff.

Region Overview:

From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:

Tytex is one of the major players operating in the Hip Protectors market, holding a share of 12.19% in 2020.

Tytex A/S is a world-leading company within medical fixation and compression textiles.Tytex focused on developing, producing and selling textiles for special medical needs ranging from post-op care to incontinence and maternity care.

Since introducing its first fall monitor in 1992, the Posey Company has become the leading provider of innovative, restraint-free, fall management products. Posey Company manufactures over 600 healthcare/safety products with every product bearing the Posey name and made to the same exacting standards established by John Posey over 60 years ago.

Segmentation Overview:

Among different product types, Soft Hip Protectors segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Nursing Home segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Hip Protectors market covered in Chapter 3:

Hornsby Comfy Hips
Kaneka
Pelican Manufacturing
Suprima
DeRoyal Industries
HealthSaver
Posey (TIDI Products)
Bort
Impactwear International
Medline
AliMed
Plum Enterprises
Prevent Products
Tytex
Skil-Care

In Chapter 4 and Chapter 14.2, on the basis of types, the Hip Protectors market from 2018 to 2029 is primarily split into:

Soft Hip Protectors
Hard Hip Protectors

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Hip Protectors market from 2018 to 2029 covers:

Hospital
Nursing Home
At Home
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)