Orthopedic Splints Market

Market Overview:

The global orthopedic splints market size reached US$ 2.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.6 Billion by 2032, exhibiting a growth rate (CAGR) of 8% during 2024-2032. The growing prevalence of orthopedic injuries and disorders, numerous advancements in material technologies and design, rising geriatric population, and increasing sports-related injuries are some of the major factors propelling the market.

Orthopedic splints are medical devices used to immobilize and support injured or fractured body parts, particularly bones and joints. They are designed to provide stability, reduce pain, and promote healing by restricting movement and protecting the affected area. These splints are typically made of materials such as plaster, fiberglass, or thermoplastic, which can be molded to fit the patient's specific anatomy. These splints are commonly used in the treatment of fractures, sprains, strains, and other orthopedic injuries or conditions. They are commonly available in various forms, including pre-made sizes or custom-made options, depending on the specific requirements of the patient. In recent years, orthopedic splints have gained immense traction as an essential component of conservative management and plays a crucial role in the initial immobilization and stabilization of orthopedic injuries before further treatment or interventions are considered.

The growing prevalence of orthopedic injuries and conditions, including fractures, sprains, and strains, will stimulate the growth of the market during the forecast period. Moreover, the increasing incidence of sports-related injuries, trauma cases, and age-related musculoskeletal disorders is positively influencing the market growth. Apart from this, numerous advancements in material technologies and design have improved the effectiveness and comfort of these splints. In line with this, the leading manufacturers are developing lightweight, breathable, and adjustable splints that provide better immobilization and patient comfort, which in turn has catalyzed the market growth. Additionally, the rising geriatric population is driving the market growth as older adults are more prone to orthopedic conditions such as fractures and osteoarthritis, thereby catalyzing the demand for splints to provide immobilization and support. Furthermore, the surging adoption of non-surgical treatment options like conservative management and rehabilitation has augmented the product demand, supporting the market growth.

Orthopedic Splints Market Trends/Drivers:

Rise in incidences of orthopedic injuries and disorders

The increasing occurrence of orthopedic injuries and disorders is a significant driver for the market. Factors such as sports-related injuries, accidents, and age-related musculoskeletal conditions majorly contribute to the growing patient population in need of orthopedic splints. Fractures, strains, sprains, and other orthopedic injuries require immobilization and support for proper healing. Orthopedic splints serve as a crucial treatment option by providing stability, restricting movement, and protecting the affected area during the recovery process. These splints provide crucial immobilization and support to aid in the healing process and prevent further damage. Consequently, the rising incidences of orthopedic injuries propels the product demand as a primary treatment modality, thereby fueling the growth of the market.

Technological advancements in material and design

Technological advancements in material composition and design have significantly improved the effectiveness and patient comfort of orthopedic splints. Manufacturers are incorporating lightweight, breathable, and customizable materials that offer enhanced immobilization while ensuring optimal airflow and moisture management. These advancements improve patient compliance, reduce discomfort, and accelerate the healing process. Additionally, innovative designs provide better anatomical fit, adjustability, and ease of application. Such advancements not only enhance the patient’s experience but also lead to faster healing, reduced complications, and better overall outcomes. The constant pursuit of advanced materials and design features drives the product demand with enhanced properties, thereby catalyzing the market growth.

Growing emphasis on non-surgical treatment approaches

There is a growing emphasis on non-surgical treatment approaches for orthopedic conditions, focusing on conservative management and rehabilitation. Orthopedic splints play a vital role in these treatment modalities by providing stabilization, immobilization, and support to injured or affected body parts. By limiting movement and promoting proper alignment, orthopedic splints aid in pain relief, prevention of further injury, and facilitation of natural healing processes. The rise in consumer preference for non-invasive options, coupled with the effectiveness and convenience of orthopedic splints, accelerates their adoption in non-surgical treatment plans. As healthcare professionals recognize the benefits of conservative management, the product demand will continue to rise, thereby contributing to the growth of the market.

Orthopedic Splints Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global orthopedic splints market report, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on product, application, and end-user.

Breakup by Product:

• Fiberglass Splints
• Plaster Splints
• Splinting Tools and Accessories
• Others
   

Fiberglass splints dominate the market

The report has provided a detailed breakup and analysis of the market based on the product. This includes fiberglass splints, plaster splints, splinting tools and accessories, and others. According to the report, fiberglass splints represented the largest segment.

Fiberglass splints are orthopedic devices made of fiberglass material that provide lightweight, rigid support and immobilization for fractured bones or joints. These splints offer strength, durability, and customizable molding capabilities, ensuring optimal patient comfort and aiding in the healing process. Plaster splints are orthopedic products created from Plaster of Paris, a rigid and sturdy material. They are widely used for immobilizing and supporting fractures or injuries. Plaster splints conform well to the body's shape, delivering stability, protection, and immobilization while promoting proper healing.

Splinting tools and accessories encompass a range of instruments and supplies utilized in the application and management of orthopedic splints. This category includes items such as scissors, bandage cutters, padding materials, adhesive tapes, and fastening devices. These tools and accessories are vital for accurate and efficient splint application, adjustment, and maintenance, ensuring a proper fit, comfort, and functionality of the splint throughout the treatment process.

Breakup by Application:

• Lower Extremity
• Upper Extremity
• Spinal
   

Lower extremity represents the leading application segment

A detailed breakup and analysis of the market based on the application has also been provided in the report. This includes lower extremity, upper extremity, and spinal. According to the report, lower extremity accounted for the largest market share.

Orthopedic splints find applications in the lower extremity, such as the legs and feet, providing support and immobilization for fractures, sprains, strains, and post-operative recovery. These splints help stabilize the lower limb, facilitate proper healing, and aid in rehabilitation while ensuring patient comfort and mobility. They are utilized in the upper extremity, including the arms, wrists, and hands, to immobilize fractures, dislocations, tendon injuries, and other conditions. These splints offer support, protection, and stability, allowing for optimal healing, pain relief, and functional recovery.

These splints are also employed in spinal applications, providing immobilization and support for spinal fractures, post-operative care, or conditions such as scoliosis. Spinal splints help stabilize the spine, maintain proper alignment, and reduce movement to promote healing and prevent further damage. These splints may include rigid braces or custom-molded orthoses tailored to the specific spinal needs of the patient, providing both support and comfort while aiding in spinal rehabilitation.

Breakup by End User:

• Hospitals
• Specialty Centers
• Others
   

Hospitals hold the largest share in the market

The report has provided a detailed breakup and analysis of the market based on the end user. This includes hospitals, specialty centers, and others. According to the report, hospitals represented the largest segment.

Hospitals and specialty centers play a significant role in driving the market for orthopedic splints. As primary providers of orthopedic care, these healthcare institutions serve as the major demand drivers. Hospitals and specialty centers are equipped with orthopedic departments and specialized orthopedic surgeons who diagnose and treat various orthopedic conditions. These healthcare professionals prescribe orthopedic splints as a crucial component of conservative management or post-operative care. The demand for splints arises from the need to immobilize fractures, support injured joints, or aid in the recovery process.

Moreover, hospitals and specialty centers act as distribution channels for orthopedic splints, as they procure and supply these devices to patients. They maintain inventory and ensure availability of a range of splints, catering to diverse patient needs and specific orthopedic conditions. These healthcare institutions contribute to the advancement in the market through research and development (R&D) activities. They participate in clinical trials, collaborate with manufacturers, and provide valuable feedback on the performance and efficacy of different splint designs and materials.

Breakup by Region:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

North America exhibits a clear dominance in the market

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market. 

North America has a significant share in the market, driven by advanced healthcare infrastructure, high prevalence of orthopedic injuries, and a large patient pool. The presence of key market players and increasing adoption of innovative splinting technologies further contribute to market growth. Europe contributes significantly to the market since the region has well-established healthcare systems, high-quality patient care, and growing awareness about orthopedic conditions.

The Asia Pacific region presents substantial growth opportunities in the market due to a large population, rising geriatric population, and increasing healthcare expenditure.

Latin America is witnessing a surge in the market due to the rising incidence of orthopedic injuries, improving healthcare infrastructure, and increased healthcare spending.

The Middle East and Africa region show potential for growth in the market with the improving healthcare infrastructure, rising healthcare expenditure, and a growing focus on orthopedic care.

Competitive Landscape:

The market is experiencing a lower-than-anticipated demand compared to pre-pandemic levels however, this is likely to witness a paradigm shift over the next decade with the development of 3D-printed orthopedic splints that facilitates better immobilization and support while minimizing pressure points and enhancing patient satisfaction. Additionally, continual advancements in lightweight and breathable materials by key players have improved patient comfort. Breathable splint materials facilitate air circulation and moisture management, reducing discomfort and the risk of skin-related complications. Furthermore, the rising focus of manufacturers on ergonomically designed splints that offer ease of application and adjustment is driving the market toward growth. We also expect the market to witness new entrants, consolidation of portfolios, and increase in strategic collaborations to drive healthy competition within the domain.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

• 3M Company
• DeRoyal Industries Inc.
• Essity AB
• medi GmbH & Co. KG
• Orthosys
• Plasti Surge Industries Pvt. Ltd.
• SAM Medical Products
• Tynor Orthotics Pvt. Ltd.
• United Medicare

Orthopedic Splints Market Report Scope:

Key Questions Answered in This Report:

• How has the global orthopedic splints market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global orthopedic splints market?
• What is the impact of each driver, restraint, and opportunity on the global orthopedic splints market?
• What are the key regional markets?
• Which countries represent the most attractive orthopedic splints market?
• What is the breakup of the market based on the product?
• Which is the most attractive product in the orthopedic splints market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the orthopedic splints market?
• What is the breakup of the market based on the end user?
• Which is the most attractive end user in the orthopedic splints market?
• What is the competitive structure of the global orthopedic splints market?
• Who are the key players/companies in the global orthopedic splints market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the orthopedic splints market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global orthopedic splints market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the orthopedic splints industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.