The report firstly introduced the Orthopaedic Splints basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analysed the world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.
Seattle, WA -- (SBWIRE) -- 11/29/2019 -- Scope of the Report
Splints are medical devices, which are 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.
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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.
The market is driven by the increasing number of musculoskeletal disorders and bone fractures. According to the Arthritis Research UK report on "The State of Musculoskeletal Health 2018", it was estimated that 17.8 million people live with a musculoskeletal condition in the United Kingdom, 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.
Key Market Trends
Spinal Splints segment dominates the Global Orthopedic Splints market
Orthopedic splints market is segmented into product, application, end user, and geography. Applications segment is further segmented into lower extremity splints, upper extremity splints, and spinal splints
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.
3M, Alimed, Bird & Cronin, Inc., Breg, Inc., BSN Medical, DeRoyal Industries, Inc., Medi GmbH & Co. KG, Ottobock, Stryker Corporation, Zimmer Biomet are some of the major Key Players of Orthopedic Splints.
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