Orthopedic Splints Market by Products (Plaster Splints, Fiberglass Splints, Splinting Tools and Accessories, and Others), Applications (Upper Extremity Splints, Lower Extremity Splints, and Spinal Splints), End-Users (Hospitals, Outpatient Centers, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026850 | Pages: 100 | Industry: Medical Device | Date: Oct 2022 | Type: Global

The market crossed US$ 1.88 billion in 2022 and is expected to hit US$ 3.56 billion by 2030, recording a CAGR of 8.3% during the forecast period

The fiberglass splints segment is expected to be growing owing to its offered advantages

Fiberglass has several advantages compared to other types. It weighs less, so the cast made from it will be lighter. More durable and porous, fiberglass allows air to flow in and out. Fiberglass is the better choice if the limb must be X-rayed during the healing process. In addition, fiberglass splints are believed suitable for covering the injured limb and keeping it immobilized in cases where the injured area requires to be X-rayed in the healing process. Increasing availability in various shades will further propel the product demand spurt.

Within the report, the market is segmented into products, applications, end-users, and geography. Based on products, the global orthopedic splints market is segmented into plaster splints, fiberglass splints, splinting tools and accessories, and others. Based on applications, the market is segmented into upper extremity splints, lower extremity splints, and spinal splints. By end-users, market segmentation is hospitals, outpatient centers, and others. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Increasing geriatric population and associated conditions

Favorable health care reforms in countries such as Japan, the US, China, and the UK have increased access to various diagnostic and treatment services. Moreover, elderly patients are prone to fractures. The geriatric population is also prone to orthopedic disease. According to the World Health Organization (WHO), the senior population worldwide will grow from ~1 billion in 2019 to ~2.1 billion by 2050. Moreover, as per the US Census Bureau, in 2009, ~13% of the US population was aged 65 and over, and it is estimated that it will increase by 20% by 2030. A European Society of Cardiology study stated that ~7.6 million people over the age of 65 in Europe had atrial fibrillation in 2016; it is expected to increase by 89% to 14.4 million by 2060. Moreover, musculoskeletal disorders (MSKDs) are one of the major causes of morbidity in the elderly population. Epidemiological studies in India indicate that the community-based prevalence of MSKD is about 20%, with low back pain being the commonest.

The growing number of sports injuries will drive the orthopedic splints market

Athletes frequently suffer from injuries during sports activities. According to a study published by Stanford Children’s Health in 2020, an estimated 30 million children and teenagers take part in sports annually in the US. Besides, according to the estimates given by the institution, these organized sports watch around 3.5 million injuries each year in the US. According to a study published in the British Journal of Sports Medicine in 2015, the world is witnessing considerable growth in football participation, which is directly correlated to increased splints. Additionally, according to a study published by the National Federation of State High School Associations (NFHS), during 2018−2019, soccer, wrestling, and tennis witnessed significant growth in participation by high school boys in the US. Such an increasing number of sports participation will eventually accelerate the growth of the splints market during the forecast period.

Recent strategic developments in the orthopedic splints market

The orthopedic splints market has undergone several significant developments, and a few of these have been mentioned below:

  • In November 2020, Stryker announced the complete acquisition of Wright Medical Group N.V., a global medical device company focused on extremities and biologics. This acquisition will enhance its global market position in trauma and extremities, providing significant opportunities to advance innovation and reach more patients
  • In December 2021, Hygiene and health company Essity acquired the orthopedic specialist company AquaCast Liner, a provider of waterproof cast liners on the US market. With this acquisition, the company is strengthening its leading market position in fracture management while expanding its portfolio offering in the waterproof and water-resistant cast segment.

The orthopedic splints market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. 3M; Stryker; DJO, LLC; BSN medical; Ossur; Lohmann & Rauscher GmbH & Co. KG; Zimmer Biomet; Messe Düsseldorf GmbH; DeRoyal Industries, Inc; and DARCO International are among the prominent players operating in the market.

The target audience for the report:

  • Raw Material Providers
  • Associations, Organizations, Forums, And Alliances
  • Government Bodies, Such as Regulating Authorities and Policymakers
  • Hospital
  • Clinics
  • Venture Capitalists, Private Equity Firms, and Start-Up Companies
  • Research Institutes, Organizations, and Consulting Companies

Scope of the report:

In this report, the market has been segmented based on:

  • Products:
  • Plaster Splints
  • Fiberglass Splints
  • Splinting Tools and Accessories
  • Others
  • Applications:
  • Upper Extremity Splints
  • Lower Extremity Splints
  • Spinal Splints
  • End-Users:
    • Hospitals
    • Outpatient Centers
    • Others
  • Region:
    • North America
    • Europe
    • Asia Pacific
    • South & Central America
    • Middle East & Africa
  • Companies Profiled
    • 3M
    • Stryker
    • DJO, LLC
    • BSN medical
    • Ossur
    • Lohmann & Rauscher GmbH & Co. KG
    • Zimmer Biomet
    • Messe Düsseldorf GmbH
    • DeRoyal Industries, Inc
    • DARCO International

The List of Companies
- 3M
- Stryker
- DJO, LLC
- BSN medical
- Ossur
- Lohmann & Rauscher GmbH & Co. KG
- Zimmer Biomet
- Messe D?sseldorf GmbH
- DeRoyal Industries, Inc
- DARCO International

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