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Global Orthopedic Splints Market 2021 Recent Study including Growth Factors, Applications, Regional Analysis, Key Players and Forecasts

Orthopedic Splints

The report focuses on the favorable Global “Orthopedic Splints market” and its expanding nature. The Orthopedic Splints market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

Market Overview:

  • 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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    Key Manufacturers

  • Breg, Inc.
  • BSN Medical
  • 3M Company
  • Otto Bock Healthcare
  • DeRoyal Industries, Inc.
  • Medi GmbH & Co. KG
  • Zimmer Biomet Holdings, Inc.
  • Stryker Corporation
  • Bird & Cronin
  • Patterson Medical Holdings Inc.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    Orthopedic Splints market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Orthopedic Splints market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Orthopedic Splints market have also been involved in the study.

    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.

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    TOC of Orthopedic Splints Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Orthopedic Splints market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Orthopedic Splints Market Report Covered:

    • The report analyses how Orthopedic Splints market will grow in the future.
    • Analyzing various perspectives of the Orthopedic Splints market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Orthopedic Splints market shares and policies employed by the major market players.
    • Competitive landscape including the Orthopedic Splints market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Orthopedic Splints market players

    Key Market Trends:

    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.

    The Asia Pacific is the fastest growing region for Global Orthopedic Splints market

    The demand for orthopedic surgeries in China and is also expected to grow tremendously in the near future. 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 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.

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    Study objectives of Orthopedic Splints Market Report:

    • To provide a detailed analysis of the market structure along with the Orthopedic Splints market forecast of various segments and sub-segments of the Orthopedic Splints market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Orthopedic Splints market trends that influence the global Orthopedic Splints market

    Detailed TOC of Orthopedic Splints Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Increasing Number of Musculoskeletal Disorders
    4.2.2 Increasing Bone Facture Cases
    4.2.3 Rise In Geriatric Population
    4.3 Market Restraints
    4.3.1 Negligence toward Minor Injuries
    4.4 Porter’s Five Force Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Product
    5.1.1 Fiberglass Splints
    5.1.2 Plaster Splints
    5.1.3 Splinting Tools And Accessories
    5.1.4 Others
    5.2 Application
    5.2.1 Lower Extremity Splints
    5.2.1.1 Ankle and Foot Splints
    5.2.1.2 Hip Splints
    5.2.1.3 Knee Splints
    5.2.2 Upper Extremity Splints
    5.2.2.1 Elbow Splints
    5.2.2.2 Hand and Wrist Splints
    5.2.2.3 Neck Splints
    5.2.2.4 Shoulder Splints
    5.2.3 Spinal Splints
    5.3 End-user
    5.3.1 Hospitals
    5.3.2 Outpatient Centers
    5.3.3 Others
    5.4 Geography
    5.4.1 North America
    5.4.1.1 US
    5.4.1.2 Canada
    5.4.1.3 Mexico
    5.4.2 Europe
    5.4.2.1 Germany
    5.4.2.2 UK
    5.4.2.3 France
    5.4.2.4 Italy
    5.4.2.5 Spain
    5.4.2.6 Rest of Europe
    5.4.3 Asia Pacific
    5.4.3.1 China
    5.4.3.2 Japan
    5.4.3.3 India
    5.4.3.4 Australia
    5.4.3.5 South Korea
    5.4.3.6 Rest of Asia-Pacific
    5.4.4 Middle East and Africa
    5.4.4.1 GCC
    5.4.4.2 South Africa
    5.4.4.3 Rest of Middle East and Africa
    5.4.5 South America
    5.4.5.1 Brazil
    5.4.5.2 Argentina
    5.4.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Breg, Inc.
    6.1.2 BSN Medical
    6.1.3 3M Company
    6.1.4 Otto Bock Healthcare
    6.1.5 DeRoyal Industries, Inc.
    6.1.6 Medi GmbH & Co. KG
    6.1.7 Zimmer Biomet Holdings, Inc.
    6.1.8 Stryker Corporation
    6.1.9 Bird & Cronin
    6.1.10 Patterson Medical Holdings Inc.

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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