Market Overview:
The global orthopedic splints market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of musculoskeletal disorders, rising geriatric population, and technological advancements in orthopedic splints. Based on type, the global orthopedic splints market is segmented into fiberglass splints, polyester splints, and others.
Product Definition:
An orthopedic splint is a device that is used to support and immobilize a broken bone or joint. It can also be used to provide relief from pain and swelling.
Fiberglass Splints:
Fiberglass splints are made of glass fibers and plasticizers. They are used in various orthopedic procedures such as fracture, ligament & tendon repair, spinal injuries and fractures, hip & femur replacement surgeries. Fiberglass splints have a variety of applications in the orthopedic market owing to its unique properties which include high tensile strength but low elasticity as compared to other materials like metal or ceramic fiber splints.
Polyester Splints:
Polyester splints are made from synthetic fibers and have high tensile strength. They are used in the orthopedic splinting market as they can be molded into various shapes and sizes. Polyester fiber is resistant to solvents, acids, bases, alcohols & oils; making it a suitable choice for manufacturing orthopedic splints.
The global polyester splints and it's usage in orthopedic Splint market size was valued at USD 1.
Application Insights:
The knee orthopedic splint application segment dominated the overall market in 2017. This can be attributed to the growing incidence of osteoarthritis and rheumatoid arthritis. According to a study published by NCBI, it is estimated that around 60% of adults suffer from some form of arthritis or joint pain during their lifetime. Furthermore, according to another study conducted by the Centers for Disease Control and Prevention (CDC), it was found out that around 54 million people aged 18 years or above suffered from chronic pain in 2015 across America. These factors are expected to increase demand for knee orthopedic splints over the forecast period.
The elbow orthopedic splint application segment is expected register a CAGR more than 8% over the forecast period owing to increasing cases of tennis elbow and other injuries related thereto such as ulnar nerve compression syndrome, radial neuropathy, carpal tunnel syndrome etcetera.
Regional Analysis:
North America dominated the global market in 2017 owing to favorable reimbursement policies, high patient awareness levels coupled with relatively higher healthcare expenditure in the region. The orthopedic splint is considered a medical device and as such it is reimbursed by insurance companies after proper documentation. In North America, most of the hospital pharmacies are now following guidelines laid down by trade associations like American Academy of Orthopedic Surgeons (AAOS) and Canadian Arthroplasty Society (CAS). These organizations have published guidelines for surgeons and hospitals on how to properly document orthopedic devices like bone grafts, implants etc., which are then reimbursed by insurance companies.
In Asia Pacific, growth in revenue can be attributed to rising healthcare spending along with increasing patient disposable income levels. China led this regional market followed closely by Japan due to its large geriatric population base that requires more surgical interventions than other countries do; these factors are anticipated to drive demand over the forecast period.
Growth Factors:
- Increasing incidence of musculoskeletal disorders: The global orthopedic splints market is expected to grow at a CAGR of 5.5% during the forecast period due to the increasing incidence of musculoskeletal disorders such as arthritis, rheumatoid arthritis, and osteoarthritis.
- Growing geriatric population: The geriatric population is more susceptible to developing orthopedic problems, which is expected to drive the demand for orthopedic splints in the coming years.
- Technological advancements: The introduction of new and innovative products in the market has helped boost growth in recent years. For instance, 3D-printed braces are becoming increasingly popular due to their customizability and comfort levels. This technological advancement is likely to fuel growth in the global orthopedic splints market over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Orthopedic Splints Market Research Report
By Type
Fiberglass Splints, Polyester Splints, Others
By Application
Hospital, Orthopedic Clinic
By Companies
DJO, 3M Healthcare, BSN Medical, Össur, Lohmann & Rauscher, DeRoyal, Zimmer Biomet, ORFIT, Parker Medical Associates, Mika Medical, Darco, Spencer
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Orthopedic Splints Market Report Segments:
The global Orthopedic Splints market is segmented on the basis of:
Types
Fiberglass Splints, Polyester Splints, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Orthopedic Clinic
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DJO
- 3M Healthcare
- BSN Medical
- Össur
- Lohmann & Rauscher
- DeRoyal
- Zimmer Biomet
- ORFIT
- Parker Medical Associates
- Mika Medical
- Darco
- Spencer
Highlights of The Orthopedic Splints Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fiberglass Splints
- Polyester Splints
- Others
- By Application:
- Hospital
- Orthopedic Clinic
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Orthopedic Splints Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Orthopedic splints are a type of medical device that are used to support and protect injured or damaged bones. Orthopedic splints may be used in the treatment of fractures, dislocations, and other injuries to the bone.
Some of the major companies in the orthopedic splints market are DJO, 3M Healthcare, BSN Medical, ƒâ€“ssur, Lohmann & Rauscher, DeRoyal, Zimmer Biomet, ORFIT, Parker Medical Associates, Mika Medical, Darco, Spencer.
The orthopedic splints market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Orthopedic Splints Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Orthopedic Splints Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Orthopedic Splints Market - Supply Chain
4.5. Global Orthopedic Splints Market Forecast
4.5.1. Orthopedic Splints Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Orthopedic Splints Market Size (000 Units) and Y-o-Y Growth
4.5.3. Orthopedic Splints Market Absolute $ Opportunity
5. Global Orthopedic Splints Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Orthopedic Splints Market Size and Volume Forecast by Type
5.3.1. Fiberglass Splints
5.3.2. Polyester Splints
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Orthopedic Splints Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Orthopedic Splints Market Size and Volume Forecast by Application
6.3.1. Hospital
6.3.2. Orthopedic Clinic
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Orthopedic Splints Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Orthopedic Splints Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Orthopedic Splints Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Orthopedic Splints Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Orthopedic Splints Demand Share Forecast, 2019-2026
9. North America Orthopedic Splints Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Orthopedic Splints Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Orthopedic Splints Market Size and Volume Forecast by Application
9.4.1. Hospital
9.4.2. Orthopedic Clinic
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Orthopedic Splints Market Size and Volume Forecast by Type
9.7.1. Fiberglass Splints
9.7.2. Polyester Splints
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Orthopedic Splints Demand Share Forecast, 2019-2026
10. Latin America Orthopedic Splints Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Orthopedic Splints Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Orthopedic Splints Market Size and Volume Forecast by Application
10.4.1. Hospital
10.4.2. Orthopedic Clinic
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Orthopedic Splints Market Size and Volume Forecast by Type
10.7.1. Fiberglass Splints
10.7.2. Polyester Splints
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Orthopedic Splints Demand Share Forecast, 2019-2026
11. Europe Orthopedic Splints Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Orthopedic Splints Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Orthopedic Splints Market Size and Volume Forecast by Application
11.4.1. Hospital
11.4.2. Orthopedic Clinic
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Orthopedic Splints Market Size and Volume Forecast by Type
11.7.1. Fiberglass Splints
11.7.2. Polyester Splints
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Orthopedic Splints Demand Share, 2019-2026
12. Asia Pacific Orthopedic Splints Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Orthopedic Splints Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Orthopedic Splints Market Size and Volume Forecast by Application
12.4.1. Hospital
12.4.2. Orthopedic Clinic
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Orthopedic Splints Market Size and Volume Forecast by Type
12.7.1. Fiberglass Splints
12.7.2. Polyester Splints
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Orthopedic Splints Demand Share, 2019-2026
13. Middle East & Africa Orthopedic Splints Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Orthopedic Splints Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Orthopedic Splints Market Size and Volume Forecast by Application
13.4.1. Hospital
13.4.2. Orthopedic Clinic
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Orthopedic Splints Market Size and Volume Forecast by Type
13.7.1. Fiberglass Splints
13.7.2. Polyester Splints
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Orthopedic Splints Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Orthopedic Splints Market: Market Share Analysis
14.2. Orthopedic Splints Distributors and Customers
14.3. Orthopedic Splints Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. DJO
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. 3M Healthcare
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BSN Medical
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Össur
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Lohmann & Rauscher
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. DeRoyal
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Zimmer Biomet
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ORFIT
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Parker Medical Associates
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Mika Medical
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Darco
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Spencer
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
