Global Orthopedic Splints Market This market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
The market is driven by the increasing number of musculoskeletal disorders and bone fractures. According to the Arthritis Research UK published a report on The State of Musculoskeletal Health 2018, it was estimated that 17.8 million people live with a musculoskeletal condition in the UK which is around 28.9% of the total population. The other factor is stringent regulatory reforms, which is also hampering the growth of the market, with such huge disease burden the usage of splints is expected to increase during the forecast years. The other factors, such as increasing geriatric population and obese population are also driving the orthopedic splints market. Most of the times, people prefer self-prescribing for several musculoskeletal pains and swelling. This mostly involves the usage of pain killers and pain relief ointments because few pain killers are usually available in the market as OTC medications. Such factors possibly affect the growth of the market.
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Scope of the Report
Splints are medical devices used to immobilize the damaged or injured bones, to enhance the healing rate. These devices support the muscle and bones and reduce swelling and pain. Splints are considered as non-circumferential devices. A splint can be used for certain fractures, soft tissue sprains or tendon injuries, or injuries awaiting orthopedic treatment. A splint may be static, not allowing motion, or dynamic, allowing controlled motion. Some of the commonly used splints include Ankle Stirrup, Finger Splints, Nasal splint, Posterior Lower Leg, Posterior Full Leg, Posterior Elbow, Sugar Tong, Thumb Spica, Ulnar Gutter – used for the forearm to the palm, Volar Wrist Splint, Wrist/arm splint.
Market competition by Top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the Top players including-
Conagra Brands Inc., Amy’s Kitchen Inc., Blue Chip Group, Kelloggs Co., The Campbell Soup Company, Beyond Meat Inc., Vegabom Healthy Option, The Superbom, Impossible Foods Inc., The Tofurky Company
Market segment by Regions/Countries, this report covers
North America (U.S., Canada, Mexico)
Global (Germany, UK, France, Rest of Global)
Asia Pacific (China, India, Japan, Rest of Asia Pacific)
Latin America (Brazil, Argentina, Rest of Latin America)
Middle East & Africa
Spinal Splints segment dominates the Global Orthopedic Splints market
Global orthopedic splints market is segmented into Product, Application, Enduser, and Geography. Applications segment is further segmented into Lower Extremity Splints, Upper Extremity Splints, and Spinal Splints
Spinal Splints segment is anticipated to grow at high CAGR during the forecast period owing to the rise in geriatric population, rise in the incidence of sports injuries and road accidents, technological advancements, the introduction of new technologies and products and also rise in prevalence of spine related diseases. According to the National Spinal Cord Injury Statistical Center, it is estimated that in 2017, the number of people in the US with spinal cord injury has been approximately 285,000 persons, with a range from 245,000 to 353,000 persons.
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The Asia Pacific is the fastest growing region for Global Orthopedic Splints market
The demand for orthopedic surgeries in China and India is also expected to grow tremendously in the near future. India and China are anticipated to account the largest market share in APAC region owing to the high increase in the geriatric population pool. Moreover, propelling medical tourism due to the availability of cost-efficient and advanced healthcare treatment options compared to the other geographical regions and increasing adoption of novel technologies are bolstering the growth of orthopedic splints market in the Asia Pacific region. As per the report of Brink Asia Pacific Risk Center in 2017, around 4 million medical tourists traveled to India to seek health care services, 3.5 million foreign patients traveled to Thailand and 900,000 patients to Singapore in 2016. This number is expected to grow by 10-14% annually by 2020. As per the report of Pacific Prime in 2015, around 10 million patients are traveling every year for the medical treatment to Asian countries such as India, Thailand, and Singapore.
Furthermore, Global Orthopedic Splints Market following points are involved along with a detailed study of each point: –
– Global Orthopedic Splints Market Overview, Drivers, Restraints and Opportunities, Segmentation overview
– Global Orthopedic Splints Market competition by Manufacturers (2020-2024)
– Production and Consumption by Regions
– Complete profiling and analysis of Manufacturers (2020-2024)
– Manufacturing cost analysis, Materials analysis, Region-wise manufacturing expenses
– Industrial Chain, Sourcing Strategy and Downstream Buyers
– Marketing Strategy Analysis, Distributors/Traders
– Global Orthopedic Splints Market Effect Factors Analysis (2020-2024)
– Global Orthopedic Splints Market Forecast (2020-2024)
– Global Orthopedic Splints Market Research Findings and Conclusion
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Finally, this Orthopedic Splints report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Orthopedic Splints product development and gives an outline of the potential Global market.
Irfan Tamboli (Sales)
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