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Orthopedic Splints Market Future Analysis to 2023; 3M HEALTHCARE, BSN MEDICAL, DJO, OSSUR, STRYKER CORPORATION

09-28-2018 09:56 AM CET | Health & Medicine

Press release from: Market Prognosis

Global Orthopedic Splints Market Highlights
The global orthopedic splints market is expected to register a good CAGR during the forecast period, 2018 to 2023. 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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Key Developments in the Market:
February 2018 - Stryker has completed the acquisition of Entellus Medical

Major Players:
3M HEALTHCARE, BSN MEDICAL, DJO LLC, OSSUR, STRYKER CORPORATION, among others.

Increasing Number of Musculoskeletal Disorders
The market is driven by the increasing number of musculoskeletal disorders and bone fractures. As per estimates, about 126.6 million Americans were suffering from some kind of musculoskeletal disorders in 2015. 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.

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Negligence toward Minor Injuries
Most 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.

US Lead the Market in North America Region
The US orthopedic splints market holds the largest market share in 2017 in North America region due to the presence of high quality healthcare system and presence of millions of people with some kind of musculoskeletal disorders in this region. In the APAC sector, China and India have been identified as potential emerging markets.

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

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