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Orthopedic Splints Market Trends

Report ID: GMI3779
Published Date: Jul 2023
Report Format: PDF

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Orthopedic Splints Market Trends

Orthopedic diseases encompass a wide range of conditions affecting the musculoskeletal system, such as fractures, sprains, strains, osteoarthritis, rheumatoid arthritis, and osteoporosis. For instance, according to the WHO data, in 2020, over 18 million people globally were suffering from rheumatoid arthritis and is anticipated to increase in the future. Orthopedic splints help alleviate pain and aid in joint stabilization among patients suffering from rheumatoid arthritis and other orthopedic ailments. Sedentary lifestyles, coupled with the rising prevalence of obesity, contribute to the development of orthopedic diseases.

Additionally, technological advancements in orthopedic splints, such as the use of lightweight and durable materials, adjustable designs, and ergonomic features, have improved patient comfort and treatment outcomes. There is an increasing awareness of orthopedic diseases and their impact on individuals' quality of life. This awareness has led to more individuals seeking medical attention, leading to improved diagnosis rates. As orthopedic diseases are diagnosed earlier and more accurately, the need for orthopedic splints as a treatment option increases. The increasing prevalence of orthopedic diseases, driven by factors such as an aging population, sedentary lifestyles, and sports injuries, creates a favourable market landscape for orthopedic splints.

Authors: Mariam Faizullabhoy , Shishanka Wangnoo

Frequently Asked Questions (FAQ) :

Global market for orthopedic splints was valued at over USD 2.3 billion in 2022 and is estimated to be worth around USD 5.2 billion by 2032 attributed to the increasing prevalence of orthopedic ailments coupled with rising demand for minimally invasive surgical procedures.

The fiberglass product splints segment held more than 36% share of the orthopedic splints industry in 2022 and is expected to expand at notable pace through 2032 owing to their several benefits in several orthopedic applications.

North America market size was USD 878.2 million in 2022 and is set to grow steadily from 2023-2032 driven by the presence of significant industry players, the increase in the number of patients suffering from orthopedic disorders, and the expanding elderly population.

Some of the major orthopedic splints firms include 3M, Becton, Dickinson and Company, Breg, Inc., DeRoyal Industries, Inc., DJO Global, Dynatronics Corporation, Essity AB, Medi GmbH & Co. KG, Orthosys, Össur, Ottobock, Sam Medical, Stryker Corporation, United Medicare, and Zimmer Biomet among others.