What is Global Orthopedic Splints Market?
The Global Orthopedic Splints Market is a vast and dynamic sector that focuses on the production and distribution of orthopedic splints. These are medical devices used to immobilize, stabilize, and protect various parts of the body that have been injured or undergone surgery. The market is a crucial component of the broader healthcare industry, contributing significantly to patient recovery and rehabilitation processes. The value of this market was estimated at US$ 908.9 million in 2022, and it is projected to reach US$ 1355 million by 2029. This growth trajectory indicates a Compound Annual Growth Rate (CAGR) of 5.8% from 2023 to 2029. The market is dominated by key players such as DJO, 3M Healthcare, and BSN Medical, which collectively hold approximately 47% of the market shares.
Fiberglass Splints, Polyester Splints, Others in the Global Orthopedic Splints Market:
The Global Orthopedic Splints Market is segmented based on the type of material used in the production of the splints. These include Fiberglass Splints, Polyester Splints, and others. Fiberglass Splints are lightweight, strong, and can be molded to fit the body perfectly. They are often used for fractures where a cast is not necessary. Polyester Splints, on the other hand, are made from a synthetic material that is lighter and more flexible than fiberglass. They are often used for minor fractures and injuries. Other materials used in the production of splints include neoprene and foam. Each of these materials has its own unique properties and applications, making them suitable for different types of injuries and patient needs.
Hospital, Orthopedic Clinic in the Global Orthopedic Splints Market:
The Global Orthopedic Splints Market finds its applications mainly in hospitals and orthopedic clinics. In hospitals, these splints are used in emergency rooms, orthopedic wards, and post-operative care units. They are used to immobilize and protect injured limbs, facilitate healing, and prevent further injury. In orthopedic clinics, splints are used in the treatment of outpatient cases. They are often used for minor fractures, sprains, and dislocations. The use of splints in these settings is crucial in ensuring patient comfort, promoting healing, and preventing complications.
Global Orthopedic Splints Market Outlook:
The Global Orthopedic Splints Market is geographically diverse, with North America being the largest supplier, accounting for nearly 39% of the production market share in 2016. Europe follows closely, contributing approximately 28% to the production market share in the same year. In terms of consumption, North America also leads the pack, with a market share of nearly 34%. This can be attributed to the advanced healthcare infrastructure, high incidence of orthopedic injuries, and the presence of key market players in the region.
| Report Metric | Details |
| Report Name | Orthopedic Splints Market |
| Accounted market size in 2023 | US$ 966.1 million |
| Forecasted market size in 2029 | US$ 1355 million |
| CAGR | 5.8 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Segment by Region |
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| By Company | DJO, 3M Healthcare, BSN Medical, Össur, Lohmann & Rauscher, DeRoyal, Zimmer Biomet, ORFIT, Parker Medical Associates, Mika Medical, Darco, Spencer |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
