Orthopedic Splints Market Size, Share & Trends Analysis Report By Product (Fiberglass Splints, Plastic Splints), By Application (Lower Extremity, Upper Extremity), By End-use (Hospitals), And Segment Forecasts, 2024

Description

Orthopedic Splints Market Growth & Trends:

The global orthopedic splints market size is anticipated to reach USD 3.20 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 9.7% from 2024 to 2030. The key factors driving the market growth include growing technological advancements, rising prevalence of arthritis and other musculoskeletal conditions, bone fractures, and R&D activities. Furthermore, the increasing geriatric population is expected to fuel market growth.

Due to worldwide lockdowns, the number of orthopedic injuries decreased, which also resulted in low demand for orthopedic splints. Furthermore, manufacturing facilities of various market players were also shut down, which resulted in disruptions in the supply chain. However, in case of emergencies, for decreasing the contact time during splinting procedures, custom-made 3D printed splints were being ordered remotely, which shortened the contact time as well as decreased the number of visits to the healthcare centers. This also allowed for the self-removal of splints by the patients.

Orthopedic conditions, such as osteoarthritis, are the primary cause of disability in the geriatric population and a key driver for the market. According to the National Natural Science Foundation Council of China, in 2020, the prevalence of knee osteoarthritis across the globe was found to be 16%. The prevalence was found to be higher in individuals aged 40 years & above. The incidence is expected to increase over the forecast period due to sedentary lifestyles, obesity, and an aging population, thus propelling the market growth.

Market players are investing in many strategic initiatives, such as acquisitions, mergers, partnerships, and product launches, to maintain a competitive edge. For instance, in July 2021, Essity acquired ABIGO Medical, a Sweden-based medical solutions company. With this, Essity expanded its geographic presence as well as strengthened its product portfolio.

Orthopedic Splints Market Report Highlights:

Growing technological advancements coupled with the increasing prevalence of bone fractures are expected to boost the market growth
The lower extremity segment led the market in 2023 owing to growing incidences of hip and knee fractures
The fiberglass product segment held a dominant share in the market in 2023 owing to growing technological advancements related to the segment
The specialty centers segment will register the fastest CAGR owing to rising awareness regarding such centers
North America led the market in 2023 owing to the presence of major market players. Asia Pacific is expected to be the fastest-growing regional market from 2024 to 2030. This growth can be attributed to the increasing geriatric population in China and other countries in this region

Product Code: GVR-4-68039-585-9

Chapter 1. Methodology and Scope

1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Orthopedic Splints Market Variables, Trends, & Scope

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
3.4. Orthopedic Splints Market Analysis Tools
- 3.4.1. Porter's Analysis
  - 3.4.1.1. Bargaining power of the suppliers
  - 3.4.1.2. Bargaining power of the buyers
  - 3.4.1.3. Threats of substitution
  - 3.4.1.4. Threats from new entrants
  - 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
  - 3.4.2.1. Political landscape
  - 3.4.2.2. Economic and Social landscape
  - 3.4.2.3. Technological landscape
  - 3.4.2.4. Environmental landscape
  - 3.4.2.5. Legal landscape

Chapter 4. Orthopedic Splints Market: Product Estimates & Trend Analysis

4.1. Segment Dashboard
4.2. Orthopedic Splints Market: Product Movement Analysis, USD Million, 2023 & 2030
4.3. Fiberglass Splints
- 4.3.1. Fiberglass Splints Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4. Plastic Splints
- 4.4.1. Plastic Splints Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.5. Tools & Accessories
- 4.5.1. Tools & Accessories Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.6. Others
- 4.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 5. Orthopedic Splints Market: Application Estimates & Trend Analysis

5.1. Segment Dashboard
5.2. Orthopedic Splints Market: Application Movement Analysis, USD Million, 2023 & 2030
5.3. Lower Extremity
- 5.3.1. Lower Extremity Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.4. Upper Extremity
- 5.4.1. Upper Extremity Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 6. Orthopedic Splints Market: End-user Estimates & Trend Analysis

6.1. Segment Dashboard
6.2. Orthopedic Splints Market: End-user Movement Analysis, USD Million, 2023 & 2030
6.3. Hospitals
- 6.3.1. Hospitals Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4. Specialty Centers
- 6.4.1. Specialty Centers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.5. Others
- 6.5.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 7. Orthopedic Splints Market: Regional Estimates & Trend Analysis

7.1. Orthopedic Splints Market Share, By Region, 2023 & 2030, USD Million
7.2. North America
- 7.2.1. North America Orthopedic Splints Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
  - 7.2.2.1. U.S. Orthopedic Splints Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.3. Canada
  - 7.2.3.1. Canada Orthopedic Splints Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.4. Mexico
  - 7.2.4.1. Mexico Orthopedic Splints Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.3. Europe
- 7.3.1. Europe Orthopedic Splints Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.2. UK
  - 7.3.2.1. UK Orthopedic Splints Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.3. Germany
  - 7.3.3.1. Germany Orthopedic Splints Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.4. France
  - 7.3.4.1. France Orthopedic Splints Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.5. Italy
  - 7.3.5.1. Italy Orthopedic Splints Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.6. Spain
  - 7.3.6.1. Spain Orthopedic Splints Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.7. Denmark
  - 7.3.7.1. Denmark Orthopedic Splints Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.8. Sweden
  - 7.3.8.1. Sweden Orthopedic Splints Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.9. Norway
  - 7.3.9.1. Norway Orthopedic Splints Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4. Asia Pacific
- 7.4.1. Asia Pacific Orthopedic Splints Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.2. Japan
  - 7.4.2.1. Japan Orthopedic Splints Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.3. China
  - 7.4.3.1. China Orthopedic Splints Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.4. India
  - 7.4.4.1. India Orthopedic Splints Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.5. Australia
  - 7.4.5.1. Australia Orthopedic Splints Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.6. South Korea
  - 7.4.6.1. South Korea Orthopedic Splints Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.7. Thailand
  - 7.4.7.1. Thailand Orthopedic Splints Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5. Latin America
- 7.5.1. Latin America Orthopedic Splints Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
  - 7.5.2.1. Brazil Orthopedic Splints Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.3. Argentina
  - 7.5.3.1. Argentina Orthopedic Splints Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Orthopedic Splints Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.2. South Africa
  - 7.6.2.1. South Africa Orthopedic Splints Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.3. Saudi Arabia
  - 7.6.3.1. Saudi Arabia Orthopedic Splints Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.4. UAE
  - 7.6.4.1. UAE Orthopedic Splints Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.5. Kuwait
  - 7.6.5.1. Kuwait Orthopedic Splints Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 8. Competitive Landscape

8.1. Recent Developments & Impact Analysis by Key Market Participants
8.2. Company Categorization
8.3. Company Heat Map Analysis
8.4. Company Profiles
- 8.4.1. Essity
  - 8.4.1.1. Participant's Overview
  - 8.4.1.2. Financial Performance
  - 8.4.1.3. Product Benchmarking
  - 8.4.1.4. Recent Developments/ Strategic Initiatives
- 8.4.2. Sam Medical
  - 8.4.2.1. Participant's Overview
  - 8.4.2.2. Financial Performance
  - 8.4.2.3. Product Benchmarking
  - 8.4.2.4. Recent Developments/ Strategic Initiatives
- 8.4.3. 3M
  - 8.4.3.1. Participant's Overview
  - 8.4.3.2. Financial Performance
  - 8.4.3.3. Product Benchmarking
  - 8.4.3.4. Recent Developments/ Strategic Initiatives
- 8.4.4. Otto Bock Healthcare
  - 8.4.4.1. Participant's Overview
  - 8.4.4.2. Financial Performance
  - 8.4.4.3. Product Benchmarking
  - 8.4.4.4. Recent Developments/ Strategic Initiatives
- 8.4.5. DeRoyal Industries Inc.
  - 8.4.5.1. Participant's Overview
  - 8.4.5.2. Financial Performance
  - 8.4.5.3. Product Benchmarking
  - 8.4.5.4. Recent Developments/ Strategic Initiatives
- 8.4.6. Medi GmbH & Co. KG
  - 8.4.6.1. Participant's Overview
  - 8.4.6.2. Financial Performance
  - 8.4.6.3. Product Benchmarking
  - 8.4.6.4. Recent Developments/ Strategic Initiatives
- 8.4.7. Zimmer Biomet
  - 8.4.7.1. Participant's Overview
  - 8.4.7.2. Financial Performance
  - 8.4.7.3. Product Benchmarking
  - 8.4.7.4. Recent Developments/ Strategic Initiatives
- 8.4.8. Stryker Corporation
  - 8.4.8.1. Participant's Overview
  - 8.4.8.2. Financial Performance
  - 8.4.8.3. Product Benchmarking
  - 8.4.8.4. Recent Developments/ Strategic Initiatives
- 8.4.9. Orthosys
  - 8.4.9.1. Participant's Overview
  - 8.4.9.2. Financial Performance
  - 8.4.9.3. Product Benchmarking
  - 8.4.9.4. Recent Developments/ Strategic Initiatives
- 8.4.10. United MedicareBreg, Inc
  - 8.4.10.1. Participant's Overview
  - 8.4.10.2. Financial Performance
  - 8.4.10.3. Product Benchmarking
  - 8.4.10.4. Recent Developments/ Strategic Initiatives
- 8.4.11. Ossur
  - 8.4.11.1. Participant's Overview
  - 8.4.11.2. Financial Performance
  - 8.4.11.3. Product Benchmarking
  - 8.4.11.4. Recent Developments/ Strategic Initiatives

Orthopedic Splints Market Size, Share & Trends Analysis Report By Product (Fiberglass Splints, Plastic Splints), By Application (Lower Extremity, Upper Extremity), By End-use (Hospitals), And Segment Forecasts, 2024 - 2030