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Orthopedic Splints Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: DJO, 3M Healthcare, BSN Medical, Zimmer Biomet, ORFIT, Parker Medical Associates

06 Jan, 2020 | 115 Pages
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Acknowledging the kind of traction gained by this market, recently published a study report by industry data analytics asserts the global size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of  6.4% during the review period (2022 to 2027) 



Orthopedic Splints Market Overview



The global orthopedic splints market size was appreciated at USD 1.45 billion in 2020 and is expectable to grow at a compound annual development rate (CAGR) of 6.4% from 2022 to 2027. The increasing cases of bone fracture and cumulative elderly people are predictable to boost the market growth. Also, a surge in the number of musculoskeletal disorders is also expected to improvement the market growth. Throughout the COVID-19 pandemic, the demand for orthopedic splints decreased owing to a decline in the number of bone fractures globally. The amount of bone fracture cases abridged because of lengthy lockdowns in various countries globally. Market players also experienced a decline in their segment as well as overall revenues.



A splint is a device which is generally used for immobilization or support of the spine or a limb. It is possible to use the splint in various situations such as temporary immobilization for damaged joints or broken bones and support for joints during activity. The key players in the market are 3M healthcare, BSN medical, DJO and more who possess the market share of about 47% in an intense market competition. 



Who are the Major Players in Orthopedic Splints Market?



Top Key players in the Orthopedic Splints Market have been identified through secondary research, and their market shares have been determined through primary and secondary research.The companies referred in the market research report includes DJO, 3M Healthcare, BSN Medical, Össur, Lohmann & Rauscher, DeRoyal, Zimmer Biomet, ORFIT, Parker Medical Associates, Mika Medical, Darco, Spencer, Orthofix (Breg Inc.), Otto Bock Healthcare, Medi GmbH & Co. KG, Stryker Corporation, Patterson Medical Holdings Inc. and others.



Industry News:



February 8, 2022: DJO, LLC (DJO or the Company), a leading global provider of medical technologies dedicated to Powering Motion™, announced that DJO® has renewed its partnership with the Professional Football Athletic Trainers Society (PFATS®). PFATS is a professional society composed of the certified athletic trainers working in professional football. PFATS will recommend and endorse specific DJO products as part of its partnership with DJO. DJO has partnered with PFATS since 2008



May 05, 2022: Stryker (NYSE:SYK) announced that Jason Beach will be appointed Vice President, Investor Relations and report to Glenn Boehnlein, the company’s Chief Financial Officer, effective July 1, 2022. Preston Wells, Vice President, Investor Relations will be appointed Vice President, Group Chief Financial Officer for Stryker’s Orthopaedics and Spine businesses.



What are the major Applications, Types and Regions for Orthopedic Splints Market?



The orthopedic Splints Market is segmented based on the type, applications, companies and regions.



Orthopedic Splints Market By Types:




  • Fiberglass Splints

  • Polyester Splints

  • Splinting Tools and Accessories

  • Other Products



Orthopedic Splints Market By Applications:




  • Lower Extremity

    • Ankle and Foot

    • Hip

    • Knee



  • Upper Extremity

    • Elbow

    • Hand and Wrist

    • Neck

    • Shoulder



  • Spinal



Orthopedic Splints Market by End user’s:




  • Hospital

  • Orthopedic Clinic

  • Other End-users



Orthopaedic splints are mostly used in hospitals and consumption proportion is at 65%.  



Global Orthopedic Splints Market Regional Analysis:



Asia Pacific orthopaedic splints market is anticipated to expand at a rapid pace during the forecast period. The demand for orthopaedic surgeries in China and India is also expected to grow tremendously in the near future. India and China are anticipated to account the largest market share in APAC region, owing to the high increase in the geriatric population pool. 




  • North America


    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  •       Rest of the World

    • Middle East & Africa

    • Latin America





What is our Orthopedic Splints Market report scope?























































Report Attributes



Report Details



Forecast Period 2022 to 2028 CAGR



CAGR of 6.4% during the review period (2022 to 2027).



By Type




  • Fiberglass Splints

  • Polyester Splints

  • Splinting Tools and Accessories

  • Other Products



By Application



 



Lower Extremity




  • Ankle and Foot

  • Hip

  • Knee



Upper Extremity




  • Elbow

  • Hand and Wrist

  • Neck

  • Shoulder



Spinal



By Companies



DJO, 3M Healthcare, BSN Medical, Össur, Lohmann & Rauscher, DeRoyal, Zimmer Biomet, ORFIT, Parker Medical Associates, Mika Medical, Darco, Spencer, Orthofix (Breg Inc.)



Regions Covered




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



Base Year



2022



Historical Year



2017 to 2021



Forecast Year



2022 to 2027



Number of Pages



    115



Customization Available



Yes, the report can be customized as per your needs




Key Takeaways from this Orthopedic Splints Report




  • Evaluate Orthopedic Splints market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.

  • Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.

  • Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.

  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.

  • Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

  • Get a quick outlook on the Orthopedic Splints market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.

  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.



Frequently Asked Question -



What are the growth approximations for orthopedic splints and casts market till 2027?



The global orthopaedic splints and casts market is projected to surpass US$ 3.6 Billion by 2027



Which segment accounted for the largest orthopedic splints market share?



North America dominated the orthopaedics splints market with a share of 40% in 2020. This is attributable to increasing prevalence of orthopedic diseases, obesity, and geriatric population.



What are the influences pouring the orthopedic splints market?



Key factors that are driving the orthopedic splints market growth include rising cases of bone fracture, the surge in the number of musculoskeletal disorders, technological advancements, and an increasing geriatric population.



Who are the key players in Orthopedic Splints Market?



3M Company, DeRoyal Industries, Inc., Zimmer Biomet Holdings, Inc., Stryker Corporation, Dynatronics Corporation (Bird & Cronin) are the major companies operating in Orthopedic Splints Market.



All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.


  1. INTRODUCTION

    1. MARKET DEFINATION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMLINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      • SECONDARY RESEARCH

      • PRIMARY RESEARCH

      • SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      • DATA TRIANGULATION

      • BOTTOM-UP APPROACH

      • TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL ORTHOPEDIC SPLINTS MARKETBY TYPE

    3. GLOBAL ORTHOPEDIC SPLINTS MARKETBY APPLICTAION



  4. MARKET DYNAMICS

    1. DRIVERS

    2. INCREASING ORTHOPEDIC SPLINTS MARKET

    3. RESTRAINTS

      • STRINGENT ENVIRONMENTAL REGUALTIONS

      • HIGH COST ON MATERIALS



    4. OPPORTUNITIES

      • ORTHOPEDIC SPLINTS MARKETGROWTH



    5. APPLICATION OF ORTHOPEDIC SPLINTS MARKETIMPACT OF COVID 19



  5. GLOBAL ORTHOPEDIC SPLINTS MARKET, BY TYPE

    1. INTRODUCTION

    2. FIBERGLASS SPLINTS

    3. POLYESTER SPLINTS

    4. SPLINTING TOOLS AND ACCESSORIES

    5. OTHER PRODUCTS



  6. GLOBAL ORTHOPEDIC SPLINTS MARKETBY APPLICATION

    1. INTRODUCTION

    2. LOWER EXTREMITY

      • ANKLE AND FOOT

      • HIP

      • KNEE



    3. UPPER EXTREMITY

      • ELBOW

      • HAND AND WRIST

      • NECK

      • SHOULDER



    4. SPINAL



  7. GLOBAL ORTHOPEDIC SPLINTS MARKETBY REGION

    1. NORTH AMERICA

      • US

      • CANADA

      • MEXICO



    2. EUROPE

      • GERMANY

      • FRANCE

      • UK

      • ITALY

      • RUSSIA

      • REST OF EUROPE



    3. APAC

      • CHINA

      • SOUTH KOREA

      • JAPAN

      • INDIA

      • AUSTRALIA

      • ASEAN

      • REST OF APAC



    4. MIDDLE EAST & AFRICA

      • SAUDI ARABIA

      • UAE

      • SOUTH AFRICA

      • TURKEY

      • REST OF MEA



    5. SOUTH AMERICA

      • BRAZIL

      • REST OF MEA

      • ARGENTINA

      • REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      • KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    • BUSINESS OVERVIEW

    • COMPANY SNAPSHOT

    • PRODUCT BENCHMARKING

    • STRATEGIC INITIATIVES



  10.  DJO,

  11. 3M HEALTHCARE,

  12. BSN MEDICAL,

  13. ÖSSUR,

  14. LOHMANN & RAUSCHER,

  15. DEROYAL,

  16. ZIMMER BIOMET,

  17. ORFIT, PARKER MEDICAL ASSOCIATES,

  18. MIKA MEDICAL,

  19. DARCO,

  20. SPENCER,

  21. ORTHOFIX (BREG INC.),

  22. OTTO BOCK HEALTHCARE,

  23. MEDI GMBH & CO. KG,

  24. STRYKER CORPORATION,

  25. PATTERSON MEDICAL HOLDINGS INC. AND

  26. OTHERS.

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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