PUBLISHER: TechSci Research | PRODUCT CODE: 1732872
PUBLISHER: TechSci Research | PRODUCT CODE: 1732872
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The Global Orthopedic Splints Market was valued at USD 1.67 billion in 2024 and is projected to reach USD 2.41 billion by 2030, expanding at a CAGR of 6.30% during the forecast period. This market encompasses the segment of the medical device industry dedicated to developing and supplying splints and braces that support and immobilize injured limbs or joints. These devices are integral in treating musculoskeletal injuries such as fractures and sprains. A 2020 report by the National Natural Science Foundation Council of China highlighted that 16% of the global population suffers from knee osteoarthritis, with a greater prevalence among individuals aged 40 and above. Additionally, the rise in sports-related injuries and road accidents is expected to further contribute to the market's expansion over the coming years.
Market Overview | |
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Forecast Period | 2026-2030 |
Market Size 2024 | USD 1.67 Billion |
Market Size 2030 | USD 2.41 Billion |
CAGR 2025-2030 | 6.30% |
Fastest Growing Segment | Hospitals |
Largest Market | North America |
Key Market Drivers
Aging Population and Musculoskeletal Disorders
The rising number of elderly individuals globally and the associated surge in musculoskeletal conditions are key contributors to the growth of the orthopedic splints market. The United Nations reports that the global population aged 60 and above is growing by approximately 3% annually and is expected to reach 2.1 billion by 2050. With aging, individuals become more prone to conditions like osteoarthritis, rheumatoid arthritis, fractures, and sprains-leading to increased reliance on orthopedic splints. These disorders often cause pain and restricted mobility, driving demand for supportive devices. Moreover, age-related diseases such as osteoporosis further elevate the risk of fractures from minor incidents, making orthopedic splints essential in patient care.
Key Market Challenges
Regulatory Compliance and Approval
Navigating the complex and frequently changing regulatory frameworks across different regions is a significant challenge for orthopedic splint manufacturers. The process of ensuring product compliance and acquiring the necessary approvals involves considerable time and financial investment, potentially slowing down market entry and innovation.
Key Market Trends
Personalized and Customized Solutions
The shift from standardized to individualized orthopedic splints marks a major trend in the market. Innovations in 3D printing and computer-aided design (CAD) are enabling the production of splints that conform precisely to each patient's anatomy. These custom-fit solutions offer enhanced comfort and effectiveness, fostering broader acceptance and adoption among healthcare providers and patients alike.
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In this report, the Global Orthopedic Splints Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in the Global Orthopedic Splints Market.
Global Orthopedic Splints market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: