Orthopedic Splints Market to reach USD 3.56 billion by 2030,to undergo a CAGR of 9.4%,Trends

Orthopedic splints are the type of orthopaedic instruments which are used to protect broken bones and joints and stabilize them. These are made of fibreglass or plaster. The splints are designed to offer functional support for fractures and soft tissue injuries, which improves flexibility and semi-rigid shape mobility, thus minimizing problems associated with immobilisation such as atrophy or joint stiffness, thus shortening the healing period.

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The considerably increasing number of elderly individuals globally has led to higher burden of age-related osteoporotic fractures and other musculoskeletal conditions. An increase in the number of musculoskeletal disorders is also expected to boost the market growth. The lower extremity segment resulted in the maximum revenue share of about 55% in 2020.

Data Bridge Market Research analyses that the orthopedic splints market is expected to reach USD 3.56 billion by 2030, which is USD 1.74 billion in 2022, and is expected to undergo a CAGR of 9.4% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Some of the major players operating in the orthopedic splints market are:

Breg, Inc (U.S.)

3M (U.S.)

Ottobock (Germany)

DeRoyal Industries, Inc (U.S.)

medi GmbH & Co. KG (Germany)

Stryker (U.S.)

Zimmer Biomet (U.S.)

 Dynatronics Corporation. (U.S.)

Performance Health (U.S.)

Neither DJO, LLC (U.S.)

Össur (Iceland)

Prime Medical Inc. (U.S.)

 ORFIT (Belgium)

CORFLEX GLOBAL (U.S.)

 MIKA MEDICAL CO (South Korea)

BD (U.S.)

Opportunities

Increase in Elderly Population

The rise in the elderly population is anticipated to be a major factor to the market growth. According to WHO in October 2021, the proportion of the world's population over 60 years is projected to nearly double from 12% to 22% between 2015 and 2050. In the year 2050, 80% of older people will be residing in low- and middle-income countries. This population is thus more susceptible to getting age-related MSD and fractures because of falls. Therefore, it is anticipated to increase the demand for orthopedic splints for pain relief.

Global Orthopedic Splints Market Scope

The orthopedic splints market is segmented on the basis of application, product and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

Fiberglass Splints

Plaster Splints

Splinting Tools and Accessories

Other Products

Application

Lower Extremity

Upper Extremity

Spinal

End-User

Hospital and Clinics

Outpatient Centers

Others

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