Author: Himanshu Patni
21 November 2022
Global orthopedic splints market is expected to register a considerable CAGR of around 8% over the period of 2021-2027. An orthopedic splint is an auxiliary device that secures and protects an injured limb while helping to heal and relieve pain. They are used both as an emergency measure to support injured limbs and as permanent care. These devices provide muscle and bone support to reduce swelling and pain. Sprints are considered non-circumferential devices. Sprints can be used for certain fractures, soft tissue sprains, tendon injuries, or injuries awaiting orthopedic treatment. The global orthopedic splints market is anticipated to witness an uptick with the development of social society leading to changes in diet and other lifestyles. This along with the rapidly growing aging population across the globe is causing an increase in the number of patients having obesity. The U.S. adult obesity rate stands at 42.4 percent, the first time the national rate has passed the 40 percent mark, and further evidence of the country’s obesity crisis. The national adult obesity rate has increased by 26 percent since 2008. Owing to these glaring statistics the demand for orthopedic splints is anticipated to grow in the forthcoming years because obesity causes an alteration of bone-regulating hormones, increased oxidative stress and inflammation, and altered bone cell metabolism which damages the bone internally. Furthermore, the increase in the number of orthopedic surgeries, as well as the rising incidences of orthopedic problems such as arthritis and osteoporosis, are expected to drive the market for orthopedic splints market in the coming years
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Based on product type, the orthopedic splints market is segmented into fiberglass splints, prefabricated splints, air splints, plaster splints, and others. The fabricated splints segment accounted for a significant market share in 2020 and it is estimated that it will grow rapidly during the projected timeframe. Demand for fiberglass splints is expected to increase and be driven by many benefits such as ease to use and durability in nature.
Based on application, the orthopedic splints market is segmented into lower extremity splints, upper extremity splints, spinal splints, and others. The spinal splints segment accounted for a significant market share in 2020 and it is estimated that it will grow rapidly during the projected timeframe. The rise in the geriatric population and the rise in the incidence of sports injuries are the most common factors contributing to the growth of this segment.
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For a better understanding of the market adoption of orthopedic splints market, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for the orthopedic splints industry in 2020 owing to the presence of well-established market players and the increasing prevalence of orthopedic diseases in the region.
Some of the major players operating in the market include Essity AB, 3M Company, Ottobock SE & Co. KGaA, DeRoyal Industries Inc., Medi GmbH & Co. KG, Zimmer Biomet Holdings Inc., Stryker Corporation, Orthosys, United Medicare, and SAM Medical Products.
Global Orthopedic Splints Market Segmentation
Market Insight, by Product
Market Insight, by Application
Market Insight, by End-Users
Market Insight, by Region
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