Global Ankle Splints Market Size, Trends & Growth Opportunity, By Product, By Application, By Region and Forecast till 2027

Global Ankle Splints Market Size, Trends & Growth Opportunity, By Product (Air-Stirrup Ankle Brace, and Other), By Application (High Ankle Sprains, Sub-acute Ankle Sprains, and Chronic Ankle Sprains), By Region and Forecast till 2027.

Global Ankle Splints Market

The Global Ankle Splints Market was valued at USD 2,042.11 million in 2020 which is expected to reach USD 4,092.24 million by 2027 at a CAGR of 8.3%.

Ankle Splint is defined as the rigid or flexible device which are used to heal injuries as well as disorders in the ankle and foot region. These injuries are usually caused by accidents and fall. Also, hammer-toes, arthritis, bunions, and diabetic foot are some disorders which may call for surgical procedures with sequential use of ankle splints devices.

Market Drivers

Ankle Splints provide several benefits such as better affordability, greater patient comfort, higher efficacy, and are easy-to-use as compared to conventional products is expected to drive the demand for these products over the forecast period. Furthermore, key players are increasingly focusing on the development of specialized products for the treatment of various ankle disorders and deformities as well as to address the unmet market needs.

The increase in number of road accidents & sports activities is further boost the demand for ankle splints. Urbanization of the emerging markets adds risk of fractures. Moreover, the increase in the popularity of professional sporting activities and the rise in sports-related injuries expected to accelerate the growth of global ankle splints market throughout the forecast period.

Market Restraints

High cost of these devices is the major restraining factor which expected to hamper the growth of global ankle splints market growth over the forecast period. Surgical site infections are another challenging factor which may hinder the global ankle splints market growth.

Market Segmentation

The Global Ankle Splints Market is segmented into product such as Air-Stirrup Ankle Brace, and Other. Further, market is segmented into Application such as High Ankle Sprains, Sub-acute Ankle Sprains, and Chronic Ankle Sprains.

Regional Analysis

The Global Ankle Splints Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North America region dominated the overall market in terms of revenue in 2020, due to the high rate of unintentional injuries and large geriatric population are the prominent factors for the large market share of this region. Also, the rise in research and development activities by the prominent players will positively influence the market growth in the region.

Key Players

Various key players are listed in this report such as Breg , Bird & Cronin, Bauerfeind Braces, SAFTE Italia, Allied OSI Labs, Ossur Americas, Thuasne, RCAI Restorative Care of America, BORT Medical, Aircast, etc.

Market Taxonomy

By Product

• Air-Stirrup Ankle Brace
• Other

By Application

• High Ankle Sprains
• Sub-acute Ankle Sprains
• Chronic Ankle Sprains

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

Key Questions Addressed by the Report

• What are the Key Opportunities in Global Ankle Splints Market?
• What will be the growth rate from 2019 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?