The business that creates, sells, and distributes orthopedic splints is known as the Orthopedic Splints Market. Orthopedic splints are medical tools used to support and immobilise broken bones, dislocated joints, and soft tissue injuries. Fractures, sprains, strains, and other orthopedic problems are frequently treated with them.
Orthopedic splints are made to inhibit movement and protect the wounded area in order to give stability, lessen pain, and accelerate healing. Typically, materials like fibreglass, plaster of Paris, or thermoplastics are used to create them. These materials can be shaped to meet the precise shape of the hurt body part, providing the right support and immobilisation.
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The market for orthopedic splints was projected to generate about US$1.5 billion in 2021. Over the next ten years, the market is expected to increase at a CAGR of 11.5%, reaching a value of around US$ 4.9 billion by the end of 2032. The recent increase in osteoporosis cases and the rise in the number of older persons have fueled the demand for orthopedic splints.
The market for orthopedic splints is driven by a number of factors, such as the rising number of orthopedic fractures and injuries, the ageing population, and technological improvements in splinting. The availability of creative splinting options and rising public knowledge of the advantages of early intervention are further factors driving the market’s expansion.
Orthopedic splints come in a variety of styles, including prefabricated, custom-molded, and traction splints. Splints that are prefabricated can be used right away in emergency situations and come in a variety of sizes and shapes. Splints that are specially made to fit each patient’s anatomy offer a more accurate and cosy fit. By continuously applying traction, traction splints are specialised tools used to immobilise and align femur (thigh bone) fractures.
Key takeaways from the orthopedic splints market include:
- Market Growth: The orthopedic splints market has been experiencing steady growth in recent years. Factors such as an aging population, increasing incidences of bone injuries and fractures, and advancements in orthopedic technology have contributed to market expansion.
- Product Types: Orthopedic splints are available in various types, including fiberglass splints, plaster splints, and metal splints. Fiberglass splints are widely preferred due to their lightweight, ease of use, and superior strength.
- Application Areas: Orthopedic splints find applications in various medical fields, including orthopedics, sports medicine, emergency care, and rehabilitation. They are commonly used for fractures, sprains, strains, and post-surgical immobilization.
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Competitive Analysis:
By Prominent Market Players
- 3M Company
- DeRoyal Industries Inc.
- Zimmer Biomet Holdings Inc.
- Medi GmbH & Co. KG
- Orthosys
- United Medicare
- Sam Medical
- BSN Medical
- Essity
- Stryker Corporation
- DeRoyal Industries Inc.
Orthopedic Splints Market: Segmentation
By Product Type:
- Plaster Splints
- Fiberglass Splints
- Tools & Accessories
- Other Product Types
By Application:
- Upper Extremity
- Elbow
- Hand & Wrist
- Shoulder
- Neck
- Lower Extremity
- Hip
- Knee
- Ankle & Foot
By End-User:
- Specialty Centers
- Hospitals
- Other End-users
By Region
- North America
- The Asia Pacific
- Europe
- The Middle East and Africa
- Latin America
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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