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

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?

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.

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