Industry Background:
Orthopedic splints are also called as non-circumferential devices. It is a medical device that used immobilize the injured or damaged bones, to recover the recuperating rate. It is also used for devices to bolster the muscle and bones and diminish pain and swelling. It can be useful for specific fractures, delicate tissue sprains or tendon wounds, or injuries that need orthopedic handling. Some of the commonly used splints including Ankle Stirrup, Finger Splints, Posterior Full Leg, Posterior Elbow, Nasal splint, Posterior Lower Leg, Sugar Tong, Ulnar Gutter, Thumb Spica, Volar Wrist Splint, Wrist/arm splint.
This growth is primarily driven by Increasing Number of Musculoskeletal Issues and Bone Fractures and Growing Obese Populace and Aged Populace.
Globally, a noticeable market trend is evident Upsurge in Number of Sports, Accidents and Adventure-Related Injuries
. The Medical Devices sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as DJO (United States), 3M Healthcare (United States), BSN Medical (India), Ossur (United Kingdom), Lohmann & Rauscher (Austria), DeRoyal (United States), Zimmer Biomet (United States), ORFIT (Belgium), Parker Medical Associates (United States) and Mika Medical (South Korea) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 19th November 2018, Colfax Corporation, a global leading diversified technology company has acquired DJO Global Inc. a global leader in orthopedic solutions, providing orthopedic devices, software, and services spanning the full continuum of patient care, from injury prevention to rehabilitation. The deal was established for 3.15 billion dollars.
Market Drivers
- Increasing Number of Musculoskeletal Issues and Bone Fractures
- Growing Obese Populace and Aged Populace
Market Trend
- Upsurge in Number of Sports, Accidents and Adventure-Related Injuries
- Rising Number of Geriatrics Are More Prone To Bone Disorders Such As Back Pain, Arthritis, and Osteoporosis
Restraints
- Negligence toward Minor Injuries
Opportunities
Advancements in Casting and Splinting Materials
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Orthopedic Splints Study Sheds Light on
The Orthopedic Splints Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Orthopedic Splints industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Orthopedic Splints industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.