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)
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.
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.
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.
The orthopedic Splints Market is segmented based on the type, applications, companies and regions.
Orthopedic Splints Market By Types:
Orthopedic Splints Market By Applications:
Orthopedic Splints Market by End user’s:
Orthopaedic splints are mostly used in hospitals and consumption proportion is at 65%.
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.
Forecast Period 2022 to 2028 CAGR
CAGR of 6.4% during the review period (2022 to 2027).
DJO, 3M Healthcare, BSN Medical, Össur, Lohmann & Rauscher, DeRoyal, Zimmer Biomet, ORFIT, Parker Medical Associates, Mika Medical, Darco, Spencer, Orthofix (Breg Inc.)
2017 to 2021
2022 to 2027
Number of Pages
Yes, the report can be customized as per your needs
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.
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.
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.
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.
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.