The global orthopedic splints market size was estimated to be USD 1.89 billion in 2023 and is expected to reach at USD 4.85 billion by 2034 with a CAGR of 8.95% during the forecast period 2024-2034. Rising incidence of bone fractures, accompanied by a growing elderly population, an increase in musculoskeletal disorders, heightened research and development efforts, an upsurge in the manufacturing of new casts featuring open-lattice plastic designs, continuous technological advancements, and a proliferation of innovative orthopedic splint products are some of the key factors boosting the market growth.
A proliferation of innovative orthopedic splint products is predicted to boost the market growth during the forecast period. Orthopedic splints are medical devices employed in orthopedics to stabilize and safeguard injured bones and joints. These splints, typically crafted from materials like fiberglass or plaster, can be easily shaped to conform to the contours of injured arms or legs. Engineered to provide functional support for fractures and soft tissue injuries, splints enhance flexibility and allow for semi-rigid movement. This design aims to mitigate challenges associated with immobilization, such as muscle atrophy or joint stiffness, thereby reducing the healing time. For instance, in January 2022, Dassiet introduced the UCAST product line, specifically designed for hospitals and health centers to expedite and enhance the safety of fracture treatment for both patients and nursing staff. UCAST splints are crafted from entirely non-allergenic and non-toxic materials, eliminating the need for medical staff to take precautions during the casting process.
By product, fiberglass splints was the highest revenue-grossing segment in the global orthopedic splints market in 2023 owing to the numerous benefits of fiberglass splints compared to alternative types, an increase in technological progress in the synthesis and fabrication of splint materials, and a rise in research and development initiatives. For instance, in July 2023, A recent research investigation, utilizing Spentys software to produce personalized 3D-printed splints, represents a noteworthy contribution to the existing literature on the results of distal radial fracture treatments. Additionally, plaster splint is predicted to grow at the fastest CAGR during the forecast period owing to a more affordable option in contrast to fiberglass and other splint types, experiencing advancements in technology, and being widely favored in rural areas of developing countries.
By application, lower extremity was the highest revenue-grossing segment in the global orthopedic splints market in 2023 owing to the ready accessibility of these devices, a rising incidence of knee and hip fractures, and an increasing introduction of innovative products. For instance, in October 2023, OrthoPediatrics Corp., a firm dedicated solely to advancing pediatric orthopedics, disclosed the restricted rollout of the DF2 Brace as a component of its expansion into the non-surgical sector for addressing musculoskeletal injuries in children. Additionally, upper extremity is predicted to grow at the fastest CAGR during the forecast period owing to the continuous progress in technology, an increase in the occurrence of shoulder and neck injuries, and a rise in the number of wrist fractures.
By end-user, hospitals was the highest revenue-grossing segment in the global orthopedic splints market in 2023 owing to a strong inclination towards hospitals for injury treatment, a growing number of hospital admissions for bone fractures and injuries resulting from road accidents, and an uptick in the introduction of new products. For instance, in February 2023, Innovia Medical is pleased to declare the introduction of the Summit Medical ENT product line in the United Kingdom. Additionally, specialty centers is predicted to grow at the fastest CAGR during the forecast period owing to the increasing awareness about specialty centers dedicated to the treatment of fractures and similar injuries.
North America region is anticipated for the highest revenue share during the forecast period owing to the rising incidence of orthopedic conditions and obesity, an increasing elderly population, and a heightened emphasis on the creation of inventive products. For instance, in May 2022, An orthopedic surgeon from Ohio State University Wexner Medical Center has developed a one-step spray-on foam splinting technique named Fast Cast. This user-friendly splint is designed for military and civilian fracture care. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the substantial increase in bone fracture cases, a growing acceptance of technologically advanced products, and a rise in mergers and acquisitions among market participants. For instance, in October 2022, Orthofix, a worldwide medical device company specializing in spine and orthopedics, and SeaSpine, a global medical technology firm dedicated to surgical solutions for spinal disorder treatment, have formally agreed to merge in an all-stock arrangement of equal terms.
A proliferation of innovative orthopedic splint products is predicted to boost the market growth during the forecast period. Orthopedic splints are medical devices employed in orthopedics to stabilize and safeguard injured bones and joints. These splints, typically crafted from materials like fiberglass or plaster, can be easily shaped to conform to the contours of injured arms or legs. Engineered to provide functional support for fractures and soft tissue injuries, splints enhance flexibility and allow for semi-rigid movement. This design aims to mitigate challenges associated with immobilization, such as muscle atrophy or joint stiffness, thereby reducing the healing time. For instance, in January 2022, Dassiet introduced the UCAST product line, specifically designed for hospitals and health centers to expedite and enhance the safety of fracture treatment for both patients and nursing staff. UCAST splints are crafted from entirely non-allergenic and non-toxic materials, eliminating the need for medical staff to take precautions during the casting process.
By product, fiberglass splints was the highest revenue-grossing segment in the global orthopedic splints market in 2023 owing to the numerous benefits of fiberglass splints compared to alternative types, an increase in technological progress in the synthesis and fabrication of splint materials, and a rise in research and development initiatives. For instance, in July 2023, A recent research investigation, utilizing Spentys software to produce personalized 3D-printed splints, represents a noteworthy contribution to the existing literature on the results of distal radial fracture treatments. Additionally, plaster splint is predicted to grow at the fastest CAGR during the forecast period owing to a more affordable option in contrast to fiberglass and other splint types, experiencing advancements in technology, and being widely favored in rural areas of developing countries.
By application, lower extremity was the highest revenue-grossing segment in the global orthopedic splints market in 2023 owing to the ready accessibility of these devices, a rising incidence of knee and hip fractures, and an increasing introduction of innovative products. For instance, in October 2023, OrthoPediatrics Corp., a firm dedicated solely to advancing pediatric orthopedics, disclosed the restricted rollout of the DF2 Brace as a component of its expansion into the non-surgical sector for addressing musculoskeletal injuries in children. Additionally, upper extremity is predicted to grow at the fastest CAGR during the forecast period owing to the continuous progress in technology, an increase in the occurrence of shoulder and neck injuries, and a rise in the number of wrist fractures.
By end-user, hospitals was the highest revenue-grossing segment in the global orthopedic splints market in 2023 owing to a strong inclination towards hospitals for injury treatment, a growing number of hospital admissions for bone fractures and injuries resulting from road accidents, and an uptick in the introduction of new products. For instance, in February 2023, Innovia Medical is pleased to declare the introduction of the Summit Medical ENT product line in the United Kingdom. Additionally, specialty centers is predicted to grow at the fastest CAGR during the forecast period owing to the increasing awareness about specialty centers dedicated to the treatment of fractures and similar injuries.
North America region is anticipated for the highest revenue share during the forecast period owing to the rising incidence of orthopedic conditions and obesity, an increasing elderly population, and a heightened emphasis on the creation of inventive products. For instance, in May 2022, An orthopedic surgeon from Ohio State University Wexner Medical Center has developed a one-step spray-on foam splinting technique named Fast Cast. This user-friendly splint is designed for military and civilian fracture care. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the substantial increase in bone fracture cases, a growing acceptance of technologically advanced products, and a rise in mergers and acquisitions among market participants. For instance, in October 2022, Orthofix, a worldwide medical device company specializing in spine and orthopedics, and SeaSpine, a global medical technology firm dedicated to surgical solutions for spinal disorder treatment, have formally agreed to merge in an all-stock arrangement of equal terms.
Segmentation: Orthopedic Splints Market Report 2023 - 2034
Orthopedic Splints Market Analysis & Forecast by Product 2023 - 2034 (Revenue USD Bn)
- Tools & Accessories
- Plaster Splints
- Fiberglass Splints
- Others
Orthopedic Splints Market Analysis & Forecast by Application 2023 - 2034 (Revenue USD Bn)
- Upper Extremity
- Neck
- Hand & Wrist
- Shoulder
- Elbow
- Lower Extremity
- Ankle & Foot
- Knee
- Hip
Orthopedic Splints Market Analysis & Forecast by End-user 2023 - 2034 (Revenue USD Bn)
- Hospitals
- Specialty Centers
- Others
Orthopedic Splints Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Orthopedic Splints Market: Product Estimates & Trend Analysis
8. Orthopedic Splints Market: Application Estimates & Trend Analysis
9. Orthopedic Splints Market: End-user Estimates & Trend Analysis
10. Regional Market Analysis
11. North America Orthopedic Splints Market
12. Europe Global Orthopedic Splints Market
13. Asia Pacific Global Orthopedic Splints Market
14. Latin America Global Orthopedic Splints Market
15. MEA Global Orthopedic Splints Market
16. Competitor Analysis
17. Company Profiles
Companies Mentioned
- Orthosys
- DeRoyal Industries Inc.
- Zimmer Biomet
- Sam Medical
- 3M
- Medi GmbH & Co. KG
- Stryker
- Otto Bock Healthcare
- Essity
- United Medicare
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2024 |
| Forecast Period | 2023 - 2034 |
| Estimated Market Value ( USD | $ 1.89 Billion |
| Forecasted Market Value ( USD | $ 4.85 Billion |
| Compound Annual Growth Rate | 8.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
