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Orthopedic Splints Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI3779

Orthopedic Splints Market Size is expected to witness significant expansion from 2022 to 2028 due to the rapidly growing obese population. The significantly rising number of geriatric individuals worldwide has made way for the higher burden of age-related osteoporotic fractures and musculoskeletal conditions. The increasing count of bone diseases, along with the growing instances of trauma, road accidents, and falls will play a key role in the market revenue generation.
 

Orthopedic splints are supportive devices that immobilize as well as protect the injured extremities while assisting in healing and reducing pain. They are used both as measures for supporting the injured limb in an emergency and definitive treatment.
 

Demand for fiberglass splints is anticipated to grow, driven by numerous advantages like ease of use, as well as durability. These splints are increasingly preferred over their plaster counterparts as they weigh less, making them lighter. Given their porous nature, they allow air to flow in and out easily. In addition, fiberglass splints are considered suitable for protecting the injured limb and keeping it immobilized, and in cases where the injured area requires to be X-rayed in the healing process. Growing availability in a variety of colors will further add impetus to the product demand spurt.
 

With regards to application, the orthopedic splints market share from spinal splints will rise commendably with growing number of sports injuries, and road accidents worldwide. According to the ASIRT (Association for Safe International Road Travel), over 1.35 million people die due to road crashes each year. The increasing geriatric population, technological advancements, and the higher burden of spine-related diseases will propel the market progression.
 

Orthopedic splints are likely to witness substantial consumption in the Asia Pacific region due to growing utilization of advanced products and novel technologies. The fast-growing medical tourism sector and increasing burden of high bone fracture cases in the region have prompted the higher availability of advanced and cost-efficient healthcare treatment options. According to estimates, the number of hip fractures in Japan is expected to reach around 7.3–21.3 million by 2050. The rapidly expanding geriatric population, mainly in highly populous countries like India and China along with the thriving demand for orthopedic surgeries will drive the regional market growth.
 

The market share in North America will expand with the robust presence of well-established health care facilities and infrastructure in the U.S. The growing instances of arthritis, obesity, and orthopedic diseases will also push the market expansion.
 

Various companies operating in orthopedic splints market include BSN Medical (Essity), DeRoyal Industries, Inc., Bird & Cronin, Inc. (Dynatronics Corporation), Breg, Inc. (Orthofix), Alimed, Ottobock, Stryker Corporation, Medi GmbH & Co. KG, Zimmer Biomet, and 3M.
 

These companies are constantly coming up with persistent efforts, such as capacity expansions and new product developments for ramping up production. They are also focusing on partnership-oriented strategies, comprising acquisitions, and mergers to foster their revenue sales.
 

For instance, in February 2021, Breg, Inc., introduced Pinnacle and Ascend™, its two new lines of spinal orthoses.  The new 15 products developed by the firm are designed for elevating care for patients having spinal injuries whilst enhancing its manufactured goods portfolio.
 

Effect of the COVID-19 crisis on orthopedic splints market outlook

The COVID-19 pandemic gave rise to multiple roadblocks, mainly across the business landscape as it substantially disrupted the global economy. The demand for orthopedic splints market also plummeted amid the outbreak due to the drastic impact on orthopedic care and practice. Significant challenges in outpatient clinics, resident training, and all sub-specialties of orthopedics, coupled with the declined number of bone fractures and narrowed technological enhancements also added to stunted market growth.
 

The orthopedic splints market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2028 for the following segments:

Market, by Product

  • Fiberglass splints     
  • Prefabricated splints 
  • Air splints     
  • Plaster splints (POP) 
  • Others

Market, by Application

  • Lower extremity splints      
  • Upper extremity splints      
  • Spinal splints 
  • Others

Market, by End-Use

  • Hospitals       
  • Orthopedic Centers  
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
  • Latin America
    • Argentina
    • Mexico
    • Brazil
  • Middle East and Africa
    • South Africa
    • Saudi Arabia
    • UAE

 

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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