Orthopedic splints, including fiberglass, plastic, and accessories, stabilize musculoskeletal injuries like fractures (100 million annually) and osteoarthritis (360 million cases). The market is driven by rising trauma from accidents (50 million injuries) and sports injuries, alongside aging populations. Innovations like 3D-printed and smart splints enhance recovery. The global market is projected to reach between USD 1.0 billion and USD 1.6 billion in 2025, with a CAGR of 7.8% to 10.2% through 2030.
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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.
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Table of Contents
Chapter 1 Executive SummaryChapter 2 Abbreviation and Acronyms
Chapter 3 Preface
Chapter 4 Market Landscape
Chapter 5 Market Trend Analysis
Chapter 6 Industry Chain Analysis
Chapter 7 Latest Market Dynamics
Chapter 8 Historical and Forecast Orthopedic Splint Market in North America (2020-2030)
Chapter 9 Historical and Forecast Orthopedic Splint Market in South America (2020-2030)
Chapter 10 Historical and Forecast Orthopedic Splint Market in Asia & Pacific (2020-2030)
Chapter 11 Historical and Forecast Orthopedic Splint Market in Europe (2020-2030)
Chapter 12 Historical and Forecast Orthopedic Splint Market in MEA (2020-2030)
Chapter 13 Summary For Global Orthopedic Splint Market (2020-2025)
Chapter 14 Global Orthopedic Splint Market Forecast (2025-2030)
Chapter 15 Analysis of Global Key Vendors
List of Tables and Figures
Companies Mentioned
- 3M
- Zimmer Biomet
- Stryker
- Essity
- Orthosys
- DeRoyal Industries
- Otto Bock Healthcare
- United Medicare
- SAM MEDICAL