Regional Analysis
- North America: The U.S. leads with high sports injuries, while Canada focuses on elderly care.
- Europe: Germany, France, and the UK drive demand due to trauma care.
- Asia Pacific: China and India see growth from rising accidents, while Japan emphasizes osteoarthritis.
- Rest of the World: Brazil expands trauma services, and the Middle East invests in ortho care.
Application Analysis
- Hospitals: Expected growth of 7.9%-10.3%, driven by acute injuries. Trends focus on rapid deployment.
- Specialty Centers: Projected growth of 7.8%-10.2%, linked to ortho care. Developments emphasize precision.
- Others: Anticipated growth of 7.7%-10.1%, covering home use. Advances prioritize comfort.
Type Analysis
- Fiberglass Splints: Expected growth of 7.9%-10.3%, valued for durability. Trends highlight lightweight designs.
- Plastic Splints: Projected growth of 7.8%-10.2%, key for flexibility. Advances focus on biodegradability.
- Tools & Accessories: Anticipated growth of 7.7%-10.1%, suited for fitting. Innovations emphasize ease of use.
- Others: Expected growth of 7.6%-10.0%, covering niche types. Trends lean toward smart tech.
Key Market Players
Leading firms include 3M, offering durable splints; Zimmer Biomet, launching TMINI; Stryker, enhancing ortho tools; Essity, focusing on recovery; Orthosys, scaling solutions; DeRoyal Industries, targeting trauma; Otto Bock Healthcare, boosting mobility; United Medicare, advancing care; and SAM MEDICAL, innovating in stabilization.Porter's Five Forces Analysis
- Threat of New Entrants: Moderate, due to tech and regulatory barriers, though niche innovators can enter.
- Threat of Substitutes: Moderate, as casts compete, but splints offer unique flexibility.
- Bargaining Power of Buyers: Moderate, with facilities seeking effective, cost-efficient splints, though clinical needs limit options.
- Bargaining Power of Suppliers: Low, with multiple material providers.
- Competitive Rivalry: High, with competition on comfort, tech, and sustainability.
Market Opportunities and Challenges
Opportunities:
- Fractures (100 million cases) and sports injuries (3.5 million in children) drive demand.
- Aging populations (2.1 billion over 60 by 2050) boost needs, while 3D-printed and smart splints enhance adoption.
- Rising sports participation increases usage.
Challenges:
- High costs of smart splints limit access in low-income regions.
- Regulatory delays for new materials slow growth.
- Limited ortho specialists in rural areas restrict expansion.
- Market News
- In June 2024, Zimmer Biomet signed a deal to distribute TMINI for knee surgery.
- In April 2024, Zimmer Biomet performed the first robotic-assisted shoulder replacement with ROSA.
This product will be delivered within 1-3 business days.
Table of Contents
Companies Mentioned
- 3M
- Zimmer Biomet
- Stryker
- Essity
- Orthosys
- DeRoyal Industries
- Otto Bock Healthcare
- United Medicare
- SAM MEDICAL

