Orthopedic Splints Market at a CAGR with Growing Demand, Competition, Investment Opportunities & Forecast 2032

BySanket Badgujar
Market Research

The Orthopedic Splints Market refers to the industry involved in the production, distribution, and sales of orthopedic splints. Orthopedic splints are medical devices used to immobilize and support injured bones, joints, and soft tissues. They are commonly used in the treatment of fractures, sprains, strains, and other orthopedic injuries.

Orthopedic splints are designed to provide stability, reduce pain, and promote healing by preventing movement and protecting the injured area. They are typically made of materials such as plaster of Paris, fiberglass, or thermoplastic materials. These materials can be molded to fit the specific shape of the injured body part, ensuring proper immobilization and support.

Get your PDF Sample Report with Latest Market Information @ https://www.futuremarketinsights.com/reports/sample/rep-gb-15792

In 2021, the market for orthopaedic splints was estimated to be worth roughly US$1.5 billion. The market is anticipated to grow at a CAGR of 11.5% over the following ten years, reaching a value of about US$ 4.9 billion by the end of 2032. Orthopaedic splint demand has been sparked by the recent rise in osteoporosis cases and the growing number of elderly people.

The orthopedic splints market is driven by various factors, including the rising incidence of orthopedic injuries and fractures, increasing geriatric population, and advancements in splinting technology. Additionally, the growing awareness about the benefits of early intervention and the availability of innovative splinting solutions contribute to the market’s growth.

The market offers a wide range of orthopedic splints, including prefabricated splints, custom-molded splints, and traction splints. Prefabricated splints are pre-made and come in various sizes and shapes, allowing for immediate use in emergency situations. Custom-molded splints are designed to fit the individual patient’s anatomy, providing a more precise and comfortable fit. Traction splints are specialized devices used to immobilize and align fractures of the femur (thigh bone) by applying continuous traction.

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.

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