Global Orthopedic Splints Market Projected to Grow at 8.9% CAGR, Reaching $3.24 Billion by 2029

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What Will the Orthopedic Splints Industry Market Size Be by 2025?
The market for orthopedic splints has seen substantial growth in the past years, with the size projected to expand from $2.13 billion in 2024 to $2.3 billion in 2025, marking an 8.1% compound annual growth rate (CAGR). This historical growth pattern owes to several factors, including expanded use of state-of-the-art technologies, heightened demand for customized solutions, increased investment in R&D, growth in healthcare facilities, and enhanced governmental initiatives.

What's the Long-Term Growth Forecast for the Orthopedic Splints Market Size Through 2029?
Anticipated robust expansion in the forthcoming years will surge the market size of orthopedic splints to reach $3.24 billion by 2029, with an 8.9% compound annual growth rate (CAGR). This predicted growth during the forecast period can be credited to the escalating acceptance of progressive technologies, burgeoning demand for individualized solutions, amplified research and development investments, advancements in healthcare infrastructure, and encouraging government schemes. Dominant inclinations in the forecast phase encompass the amalgamation of artificial intelligence, evolutionary strides in 3D printing technology, the inclusion of wearable sensors, the proliferation of smart materials, and the amplification of data analytics coupled with prognostic modeling.

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What Are the Key Growth Drivers Fueling the Orthopedic Splints Market Expansion?
The increase in musculoskeletal disorders is projected to accelerate the expansion of the orthopedic splints market. These disorders, which affect the muscles, bones, joints, tendons, and ligaments, result in pain, stiffness, and limited movement. The growing occurrence of these disorders is attributed to a sedentary lifestyle that causes muscle weakness, flexibility reduction, and a heightened risk of joint and bone complications. Orthopedic splints contribute to managing musculoskeletal disorders by offering precise support, stabilizing the impacted areas, relieving discomfort by reducing strain, and refining joint alignment. As a result, they aid in recovery and mobility enhancement. Case in point, the Gov.UK, a UK-based government institution, stated in January 2024 that the prevalence of long-term musculoskeletal (MSK) conditions among individuals aged 16 and above rose from 17.6% in 2022 to 18.4% in 2023, where the rate was 20.9% in women and 15.8% in men. Consequently, the surge in the number of musculoskeletal disorders is stimulating the growth of the orthopedic splints market.

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What Are the Key Trends Driving Orthopedic Splints Market Growth?
The key focus of leading businesses in the orthopedic splints market is the innovation of advanced products. One such advancement involves crafting lightweight biodegradable splints, which enhances environmental sustainability in healthcare environments. These eco-friendly medical aids provide secure immobilization and reduce waste by eradicating the need for removal. Take, for instance, Dassiet, a medical tech company from Finland, which launched the UCAST in January 2022. These biodegradable, lightweight splints, constructed from thermoplastic wood cast material and lined with comforting fabric, are tailored for hospitals and other healthcare facilities. UCAST splints not only expedite the application process and boost patient comfort, but also support sustainability through their recyclable and biodegradable nature. Furthermore, fracture treatment is simplified with these splints by decreasing patient waiting periods and negating the necessity for additional casting supplies.

How Is the Orthopedic Splints Market Segmented?
The orthopedic splints market covered in this report is segmented -

1) By Product: Fiberglass Splints, Plastic Splints, Tools And Accessories, Other Products
2) By Application: Lower Extremity, Upper Extremity, Spinal
3) By End-User: Hospitals, Specialty Centers, Other End-User

Subsegments:

1) By Fiberglass Splints: Pre-Cut Fiberglass Splints, Roll Fiberglass Splints, Waterproof Fiberglass Splints, Padded Fiberglass Splints
2) By Plastic Splints: Rigid Plastic Splints, Moldable Plastic Splints, Transparent Plastic Splints, Perforated Plastic Splints
3) By Tools And Accessories: Splint Rollers, Splint Padding, Fasteners And Straps, Cutting Tools
4) By Other Products: Hybrid Splints, Inflatable Splints, Metal Reinforced Splints, Custom Splints

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Which Companies Are Leading the Charge in Orthopedic Splints Market Innovation?
Major companies operating in the orthopedic splints market are 3M Company, Essity AB, Zimmer Biomet Holdings Inc., Ossur hf., DeRoyal Industries Inc., Breg Inc., Trulife, Tynor Orthotics Pvt Ltd., Dynatronics Corporation, Bauerfeind AG, Alimed, Bird & Cronin Inc., Medi GmbH & Co KG, GPC Medical Ltd, SAM Medical Products, United Medicare, Otto Bock Healthcare, Orthosys, DJO Global, Thuasne Group, Navchetan Orthopedic Appliances.

Which Regions Are Leading the Global Orthopedic Splints Market in Revenue?
North America was the largest region in the orthopedic splints market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the orthopedic splints market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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