The Orthopedic Splints market was valued at around USD 1.5 billion in 2021. With a projected CAGR of 11.5% for the next ten years, the market is likely to reach a valuation of nearly USD 4.9 billion by the end of 2032. The recent surge in the cases of osteoporosis and the increasing cohort of the geriatric populace has triggered the demand for orthopedic splints.
| Attributes | Details |
|---|---|
| Orthopedic Splints Market Size (2021A) | USD 1.5 billion |
| Orthopedic Splints Market Size (2022E) | USD 1.7 billion |
| Projected Market Value (2032F) | USD 4.9 billion |
| Global Market Growth Rate (2022 to 2032) | 11.5% CAGR |
| North America Market Share (2021) | 35% |
| Key Companies Profiled | 3M Company; DeRoyal Industries Inc.; Zimmer Biomet Holdings Inc.; Medi GmbH & Co. KG; Orthosys; United Medicare; Sam Medical; BSN Medical; Essity; Stryker Corporation; DeRoyal Industries Inc.; Ottobock SE & Co. KGaA; Breg Inc. (Orthofyx) |
The global market for orthopedic splints expanded at a CAGR of 10.6% from 2017 to 2021. The market growth is projected to benefit from the surge in requirements for fiberglass splints. Fiberglass splints are extensively advantageous relative to plaster splints. Aside from weighing less, they are a better option because of their increased durability and porosity.
The global Orthopedic Splints market is predicted to surge ahead at a CAGR of 11.5% and record sales worth USD 4.9 billion by the end of 2032. USA will continue to be the largest market throughout the analysis period accounting for over USD 1.1 billion absolute dollar opportunity in the coming 10-year epoch.
The highly accelerated increase in the number of people suffering from musculoskeletal diseases like osteoporosis and arthritis is one of the instrumental driving forces for the demand for Orthopedic Splints during the 10-year forecast epoch. Additionally, the Orthopedic Splints market is also anticipated to be advanced by the increase in the geriatric cohort of the population globally, as it will directly aid in increasing the number of patients having orthopedic ailments leading to a positive impact on the orthopedic splints demand.
Taking into account, a 2020 report by the National Natural Science Foundation Council of China, cases of knee osteoarthritis around the world are 16%, which is significantly more in the aged 40 and above population. Factors such as growing sports-related injuries and the increase in the number of road accidents are also anticipated to have an advantageous effect on the Orthopedic Splints market during the forecast period.
Compartment syndrome, the creation of pressure sores, and the risk of thermal injuries during the procedure of splinting or casting are among the key growth restraints faced by the Orthopedic Splints market during the forecast period. Moreover, high prices associated with fiberglass splints and the related custom products in some regions around the world may also hamper the growth of the Orthopedic Splints Market during the forecast period. Presently the BSN Medical Articast Fiberglass Casting Tape costs as high as Rs. 1,144 in India. Thus, high costs can be detrimental to the Orthopedic Splints Market.
Asia- Pacific is expected to be the most lucrative region for the Orthopedic Splints Market during the next 10-year epoch owing to the highly accelerated growth it is envisioned to experience. In the recent few years, hip fractures are on a steady rise in Japan, and it is anticipated that hip fractures could go up to 7.3-21.3 million population every year. This is projected to influence the lower extremity segment through the application of the Orthopedic Splints Market in Japan.
A 2018 article by the British Medical Journal states that as many as 135 million Indians are dealing with obesity, which increases the possibility of orthopedic injuries by 48%. As per a NIC report, as many as 467,044 street accidents have been reported in India in 2018 which lead to fractures and related injuries fueling the demand for orthopedic splints in both upper and lower extremities. Moreover, another article by the National Institute of Health and Family (NIHFW), by the Ministry of Health and Welfare (MoHFW) states that not only osteoarthritis is the second most common rheumatologic issue, but it also had a prevalence of 22%-39% in 2018 in the country.
All these factors are contributing to the growth of the Orthopedic Splints Market in the country. Since the rise in cases of orthopedic diseases such as osteoarthritis is increasing, it will directly affect the application of orthopedic splints, thereby benefitting the market. The market in the region is further benefitted by the expanding medical tourism, especially to the countries such as India and China due to their comparative cost-effectiveness and availability of high-order equipment.
Orthopedic Splints Market in the North American region accounts for more than 35% of the total market revenue and is projected to keep its dominant position in the market intact during the 10-year forecast period. The USA is forecasted to dominate the Orthopedic Splints Market in the North-American region. Taking into account the World Population Aging Report, people over the age of 65 in the USA and Canada are anticipated to increase from over 60 million in 2019 to approximately 80 million in 2030.
Considering the elevated vulnerability of this cohort to arthritis, joint pain, and other related orthopedic conditions, it is anticipated to be instrumental to fuel the growth of the Orthopedic Splints Market forward during the forecasted period of 10 years in the North American region. Additionally, the Orthopedic Splints Market is expected to gain further traction in the North American region from the increasing Sports injuries in the USA The American Academy of Pediatrics reported in a 2019 article that among all the time-loss injuries among soccer players aged 5-17, the most common are ankles and knees, with 20.9% and 16.3% of the total injuries, respectively.
Due to this, the demand for orthopedic splints in the lower extremity segment by application is projected to increase during the forecast period, thus positively shaping the market.
During the forthcoming years, the USA is expected to experience a USD 1.1 billion absolute dollar opportunity to grow at a highly accelerated rate of 12.4% CAGR and reach the market valuation of USD 1.6 billion by the end of 2032. Centers for Disease Control and Prevention (CDC) estimates that approximately 78 million (26% of the adults in the USA) will be suffering from arthritis by 2040. This increasing volume is set to further fuel the Orthopedic Splints Market during the forecast years.
A recent article by the National Center for Biotechnology Information (NCBI) states that in 2020, approximately 1.5 million people have suffered from fractures related to bone disorders. With as many as 3.5 million annual sports injuries among teens and children in the USA, the demand for orthopedic splints is expected to be benefitted during the forecast period of 10 years due to this, leading to an increase in its application. Thus, the USA is expected to play an instrumental role in the Global Orthopedic Splints Demand in the forthcoming years.
In 2020, around 470,000 workers suffered from work-related musculoskeletal disorders. Considering the overall population, around 20.3 million people in the United Kingdom have musculoskeletal (MSK) conditions such as arthritis or back pain. Apart from this, a large population in the country has been suffering from shin splints. Owing to these facts, the market in the United Kingdom is projected to reach a valuation of USD 225 million by 2032, growing at a CAGR of 12.4%.
Japan is one of the countries with a high geriatric population. This has kept the Japanese people exposed to several orthopedic ailments. There were nearly 5,000 general hospitals in Japan with orthopedic surgery departments. With these statistics, the orthopedic splints market in Japan is expected to reach a valuation of USD 194 million by 2032, growing at a CAGR of 11.5% from 2022 to 2032.
A total of 735,073 ankle fractures were identified in 461,497,758 South Korean people in the last 10 years. The annual incidence of ankle fracture was 171.4 per 100,000 persons, with a male-to-female ratio of 0.78. With these statistics, the orthopedic splints market in South Korea is projected to garner an absolute dollar opportunity of USD 89.2 million, from 2022 to 2032.
Orthopedic Splints market revenue through the lower extremity segment is projected to witness a CAGR of 10.3% during the 10-year epoch. The 2017 statistics of the International Osteoporosis Foundation stated that annually around 8.9 million fractures globally are the result of osteoporosis. This consequently leads to an osteoporosis fracture, every 3 seconds. Over 86% of hip fractures globally occur among the geriatric population. United Nations’ World Population Ageing report of 2019, states that as of 2019, 703 million of the global population is 65 or above.
This number is projected to rise to approximately 1.5 billion by 2050. These factors are anticipated to raise the demand for Orthopedic Splints by augmenting their necessity in the Lower Extremity segment during the forecast period.
3M Company, DeRoyal Industries Inc., BSN Medical, Zimmer Biomet Holdings Inc., Medi GmbH & Co. KG, Orthosys, Breg Inc. (Orthofyx), United Medicare, Sam Medical, Essity, Stryker Corporation, DeRoyal Industries Inc., and Ottobock SE & Co. KGaA are among the key players driving the competitive landscape of the market. To expand their product portfolio and simultaneously capitalize on the growing market demand, many of these companies are adopting strategies such as mergers, acquisitions, and partnerships.
Recent Developments
The Orthopedic Splints Market is segmented based on application, product type, end-user, and region.
Table 1: Global Market Value (US$ million) Forecast by Region, 2017 to 2032
Table 2: Global Market Value (US$ million) Forecast by Product Type, 2017 to 2032
Table 3: Global Market Value (US$ million) Forecast by Application, 2017 to 2032
Table 4: Global Market Value (US$ million) Forecast by End-user, 2017 to 2032
Table 5: North America Market Value (US$ million) Forecast by Country, 2017 to 2032
Table 6: North America Market Value (US$ million) Forecast by Product Type, 2017 to 2032
Table 7: North America Market Value (US$ million) Forecast by Application, 2017 to 2032
Table 8: North America Market Value (US$ million) Forecast by End-user, 2017 to 2032
Table 9: Latin America Market Value (US$ million) Forecast by Country, 2017 to 2032
Table 10: Latin America Market Value (US$ million) Forecast by Product Type, 2017 to 2032
Table 11: Latin America Market Value (US$ million) Forecast by Application, 2017 to 2032
Table 12: Latin America Market Value (US$ million) Forecast by End-user, 2017 to 2032
Table 13: Europe Market Value (US$ million) Forecast by Country, 2017 to 2032
Table 14: Europe Market Value (US$ million) Forecast by Product Type, 2017 to 2032
Table 15: Europe Market Value (US$ million) Forecast by Application, 2017 to 2032
Table 16: Europe Market Value (US$ million) Forecast by End-user, 2017 to 2032
Table 17: East Asia Market Value (US$ million) Forecast by Country, 2017 to 2032
Table 18: East Asia Market Value (US$ million) Forecast by Product Type, 2017 to 2032
Table 19: East Asia Market Value (US$ million) Forecast by Application, 2017 to 2032
Table 20: East Asia Market Value (US$ million) Forecast by End-user, 2017 to 2032
Table 21: South Asia Market Value (US$ million) Forecast by Country, 2017 to 2032
Table 22: South Asia Market Value (US$ million) Forecast by Product Type, 2017 to 2032
Table 23: South Asia Market Value (US$ million) Forecast by Application, 2017 to 2032
Table 24: South Asia Market Value (US$ million) Forecast by End-user, 2017 to 2032
Table 25: Oceania Market Value (US$ million) Forecast by Country, 2017 to 2032
Table 26: Oceania Market Value (US$ million) Forecast by Product Type, 2017 to 2032
Table 27: Oceania Market Value (US$ million) Forecast by Application, 2017 to 2032
Table 28: Oceania Market Value (US$ million) Forecast by End-user, 2017 to 2032
Table 29: MEA Market Value (US$ million) Forecast by Country, 2017 to 2032
Table 30: MEA Market Value (US$ million) Forecast by Product Type, 2017 to 2032
Table 31: MEA Market Value (US$ million) Forecast by Application, 2017 to 2032
Table 32: MEA Market Value (US$ million) Forecast by End-user, 2017 to 2032
Figure 1: Global Market Value (US$ million) by Product Type, 2022 to 2032
Figure 2: Global Market Value (US$ million) by Application, 2022 to 2032
Figure 3: Global Market Value (US$ million) by End-user, 2022 to 2032
Figure 4: Global Market Value (US$ million) by Region, 2022 to 2032
Figure 5: Global Market Value (US$ million) Analysis by Region, 2017 to 2032
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032
Figure 8: Global Market Value (US$ million) Analysis by Product Type, 2017 to 2032
Figure 9: Global Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032
Figure 10: Global Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032
Figure 11: Global Market Value (US$ million) Analysis by Application, 2017 to 2032
Figure 12: Global Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 13: Global Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 14: Global Market Value (US$ million) Analysis by End-user, 2017 to 2032
Figure 15: Global Market Value Share (%) and BPS Analysis by End-user, 2022 to 2032
Figure 16: Global Market Y-o-Y Growth (%) Projections by End-user, 2022 to 2032
Figure 17: Global Market Attractiveness by Product Type, 2022 to 2032
Figure 18: Global Market Attractiveness by Application, 2022 to 2032
Figure 19: Global Market Attractiveness by End-user, 2022 to 2032
Figure 20: Global Market Attractiveness by Region, 2022 to 2032
Figure 21: North America Market Value (US$ million) by Product Type, 2022 to 2032
Figure 22: North America Market Value (US$ million) by Application, 2022 to 2032
Figure 23: North America Market Value (US$ million) by End-user, 2022 to 2032
Figure 24: North America Market Value (US$ million) by Country, 2022 to 2032
Figure 25: North America Market Value (US$ million) Analysis by Country, 2017 to 2032
Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 28: North America Market Value (US$ million) Analysis by Product Type, 2017 to 2032
Figure 29: North America Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032
Figure 30: North America Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032
Figure 31: North America Market Value (US$ million) Analysis by Application, 2017 to 2032
Figure 32: North America Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 33: North America Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 34: North America Market Value (US$ million) Analysis by End-user, 2017 to 2032
Figure 35: North America Market Value Share (%) and BPS Analysis by End-user, 2022 to 2032
Figure 36: North America Market Y-o-Y Growth (%) Projections by End-user, 2022 to 2032
Figure 37: North America Market Attractiveness by Product Type, 2022 to 2032
Figure 38: North America Market Attractiveness by Application, 2022 to 2032
Figure 39: North America Market Attractiveness by End-user, 2022 to 2032
Figure 40: North America Market Attractiveness by Country, 2022 to 2032
Figure 41: Latin America Market Value (US$ million) by Product Type, 2022 to 2032
Figure 42: Latin America Market Value (US$ million) by Application, 2022 to 2032
Figure 43: Latin America Market Value (US$ million) by End-user, 2022 to 2032
Figure 44: Latin America Market Value (US$ million) by Country, 2022 to 2032
Figure 45: Latin America Market Value (US$ million) Analysis by Country, 2017 to 2032
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 48: Latin America Market Value (US$ million) Analysis by Product Type, 2017 to 2032
Figure 49: Latin America Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032
Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032
Figure 51: Latin America Market Value (US$ million) Analysis by Application, 2017 to 2032
Figure 52: Latin America Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 54: Latin America Market Value (US$ million) Analysis by End-user, 2017 to 2032
Figure 55: Latin America Market Value Share (%) and BPS Analysis by End-user, 2022 to 2032
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by End-user, 2022 to 2032
Figure 57: Latin America Market Attractiveness by Product Type, 2022 to 2032
Figure 58: Latin America Market Attractiveness by Application, 2022 to 2032
Figure 59: Latin America Market Attractiveness by End-user, 2022 to 2032
Figure 60: Latin America Market Attractiveness by Country, 2022 to 2032
Figure 61: Europe Market Value (US$ million) by Product Type, 2022 to 2032
Figure 62: Europe Market Value (US$ million) by Application, 2022 to 2032
Figure 63: Europe Market Value (US$ million) by End-user, 2022 to 2032
Figure 64: Europe Market Value (US$ million) by Country, 2022 to 2032
Figure 65: Europe Market Value (US$ million) Analysis by Country, 2017 to 2032
Figure 66: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 67: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 68: Europe Market Value (US$ million) Analysis by Product Type, 2017 to 2032
Figure 69: Europe Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032
Figure 70: Europe Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032
Figure 71: Europe Market Value (US$ million) Analysis by Application, 2017 to 2032
Figure 72: Europe Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 73: Europe Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 74: Europe Market Value (US$ million) Analysis by End-user, 2017 to 2032
Figure 75: Europe Market Value Share (%) and BPS Analysis by End-user, 2022 to 2032
Figure 76: Europe Market Y-o-Y Growth (%) Projections by End-user, 2022 to 2032
Figure 77: Europe Market Attractiveness by Product Type, 2022 to 2032
Figure 78: Europe Market Attractiveness by Application, 2022 to 2032
Figure 79: Europe Market Attractiveness by End-user, 2022 to 2032
Figure 80: Europe Market Attractiveness by Country, 2022 to 2032
Figure 81: East Asia Market Value (US$ million) by Product Type, 2022 to 2032
Figure 82: East Asia Market Value (US$ million) by Application, 2022 to 2032
Figure 83: East Asia Market Value (US$ million) by End-user, 2022 to 2032
Figure 84: East Asia Market Value (US$ million) by Country, 2022 to 2032
Figure 85: East Asia Market Value (US$ million) Analysis by Country, 2017 to 2032
Figure 86: East Asia Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 87: East Asia Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 88: East Asia Market Value (US$ million) Analysis by Product Type, 2017 to 2032
Figure 89: East Asia Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032
Figure 90: East Asia Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032
Figure 91: East Asia Market Value (US$ million) Analysis by Application, 2017 to 2032
Figure 92: East Asia Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 93: East Asia Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 94: East Asia Market Value (US$ million) Analysis by End-user, 2017 to 2032
Figure 95: East Asia Market Value Share (%) and BPS Analysis by End-user, 2022 to 2032
Figure 96: East Asia Market Y-o-Y Growth (%) Projections by End-user, 2022 to 2032
Figure 97: East Asia Market Attractiveness by Product Type, 2022 to 2032
Figure 98: East Asia Market Attractiveness by Application, 2022 to 2032
Figure 99: East Asia Market Attractiveness by End-user, 2022 to 2032
Figure 100: East Asia Market Attractiveness by Country, 2022 to 2032
Figure 101: South Asia Market Value (US$ million) by Product Type, 2022 to 2032
Figure 102: South Asia Market Value (US$ million) by Application, 2022 to 2032
Figure 103: South Asia Market Value (US$ million) by End-user, 2022 to 2032
Figure 104: South Asia Market Value (US$ million) by Country, 2022 to 2032
Figure 105: South Asia Market Value (US$ million) Analysis by Country, 2017 to 2032
Figure 106: South Asia Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 107: South Asia Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 108: South Asia Market Value (US$ million) Analysis by Product Type, 2017 to 2032
Figure 109: South Asia Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032
Figure 110: South Asia Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032
Figure 111: South Asia Market Value (US$ million) Analysis by Application, 2017 to 2032
Figure 112: South Asia Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 113: South Asia Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 114: South Asia Market Value (US$ million) Analysis by End-user, 2017 to 2032
Figure 115: South Asia Market Value Share (%) and BPS Analysis by End-user, 2022 to 2032
Figure 116: South Asia Market Y-o-Y Growth (%) Projections by End-user, 2022 to 2032
Figure 117: South Asia Market Attractiveness by Product Type, 2022 to 2032
Figure 118: South Asia Market Attractiveness by Application, 2022 to 2032
Figure 119: South Asia Market Attractiveness by End-user, 2022 to 2032
Figure 120: South Asia Market Attractiveness by Country, 2022 to 2032
Figure 121: Oceania Market Value (US$ million) by Product Type, 2022 to 2032
Figure 122: Oceania Market Value (US$ million) by Application, 2022 to 2032
Figure 123: Oceania Market Value (US$ million) by End-user, 2022 to 2032
Figure 124: Oceania Market Value (US$ million) by Country, 2022 to 2032
Figure 125: Oceania Market Value (US$ million) Analysis by Country, 2017 to 2032
Figure 126: Oceania Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 127: Oceania Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 128: Oceania Market Value (US$ million) Analysis by Product Type, 2017 to 2032
Figure 129: Oceania Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032
Figure 130: Oceania Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032
Figure 131: Oceania Market Value (US$ million) Analysis by Application, 2017 to 2032
Figure 132: Oceania Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 133: Oceania Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 134: Oceania Market Value (US$ million) Analysis by End-user, 2017 to 2032
Figure 135: Oceania Market Value Share (%) and BPS Analysis by End-user, 2022 to 2032
Figure 136: Oceania Market Y-o-Y Growth (%) Projections by End-user, 2022 to 2032
Figure 137: Oceania Market Attractiveness by Product Type, 2022 to 2032
Figure 138: Oceania Market Attractiveness by Application, 2022 to 2032
Figure 139: Oceania Market Attractiveness by End-user, 2022 to 2032
Figure 140: Oceania Market Attractiveness by Country, 2022 to 2032
Figure 141: MEA Market Value (US$ million) by Product Type, 2022 to 2032
Figure 142: MEA Market Value (US$ million) by Application, 2022 to 2032
Figure 143: MEA Market Value (US$ million) by End-user, 2022 to 2032
Figure 144: MEA Market Value (US$ million) by Country, 2022 to 2032
Figure 145: MEA Market Value (US$ million) Analysis by Country, 2017 to 2032
Figure 146: MEA Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 147: MEA Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 148: MEA Market Value (US$ million) Analysis by Product Type, 2017 to 2032
Figure 149: MEA Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032
Figure 150: MEA Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032
Figure 151: MEA Market Value (US$ million) Analysis by Application, 2017 to 2032
Figure 152: MEA Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 153: MEA Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 154: MEA Market Value (US$ million) Analysis by End-user, 2017 to 2032
Figure 155: MEA Market Value Share (%) and BPS Analysis by End-user, 2022 to 2032
Figure 156: MEA Market Y-o-Y Growth (%) Projections by End-user, 2022 to 2032
Figure 157: MEA Market Attractiveness by Product Type, 2022 to 2032
Figure 158: MEA Market Attractiveness by Application, 2022 to 2032
Figure 159: MEA Market Attractiveness by End-user, 2022 to 2032
Figure 160: MEA Market Attractiveness by Country, 2022 to 2032
The Orthopedic Splints market was valued at USD 1.5 billion in 2021.
The Orthopedic Splints industry is set to witness a growth rate of over 11.5% during the forecast period and be valued at USD 4.9 billion by 2032.
3M Company, DeRoyal Industries Inc., BSN Medical, Zimmer Biomet Holdings Inc., Medi GmbH & Co. KG, Orthosys, Breg Inc. (Orthofyx), United Medicare, Sam Medical, Essity, Stryker Corporation, DeRoyal Industries Inc., and Ottobock SE & Co. KGaA are among the key players shaping the Orthopedic Splints Industry.
The augmented requirement of orthopedic splints in the lower extremity application due to growing cases of arthritis and other related orthopedic ailments is anticipated to favorably impact the global demand over the forecast period.
The market in the USA is expected to reach a valuation of USD 1.6 billion by 2032, with a CAGR of 12.4%.
The Asia Pacific market is expected to grow significantly during the forecast period mainly due to the increasing geriatric population leading to a subsequent expansion of the cases of osteoarthritis.
Explore Similar Insights
Orthopedic Splints Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
