Orthopedic Splints Market Size - By Product (Fiberglass Splints, Plaster Splints, Tools & Accessories), By Application (Upper Extremity, Lower Extremity), By End-use, & Forecast, 2023 - 2032

Orthopedic Splints Market Size - By Product (Fiberglass Splints, Plaster Splints, Tools & Accessories), By Application (Upper Extremity, Lower Extremity), By End-use, & Forecast, 2023 - 2032

Orthopedic Splints Market size is anticipated to record 8.3% CAGR from 2023-2032 driven by the increasing participation in sports and recreational activities.

With the rising engagement in sports and physical fitness pursuits, the risk of orthopedic injuries, such as sprains, fractures, and ligament tears has significantly soared. In 2022, 3.6 million individuals were treated in emergency rooms for injuries caused by sports and leisure equipment. The robust demand for orthopedic splints is thus growing due to their higher importance in the management and recovery of sports-related injuries. Moreover, advancements in splint design and materials have made way for comfortable and effective splints, further fueling their adoption in the sports and recreation sector.

The orthopedic splints market is segmented based on product, application, end-use, and region.

In terms of product, the orthopedic splints market from the tools & accessories segment is expected to strike 7.8% CAGR through 2032. Orthopedic professionals heavily rely on high-quality tools and accessories to create and customize splints for patients effectively. Innovations in these tools have led to improved precision and efficiency, allowing healthcare providers to offer more tailored and comfortable splinting solutions.

Based on end-use, the orthopedic splints market from the specialty centers segment is estimated to expand at 8.8% growth rate through 2032. Specialty centers, including orthopedic clinics and ambulatory surgical centers, are becoming increasingly prominent in the healthcare landscape to provide specialized orthopedic care and convenient access to expert treatments and procedures to patients.

Moreover, healthcare companies are focusing on investments to expand their service portfolio and broaden their reach. For instance, in November 2022, MedCraft Investment Partners acquired the facility housing South Bend Orthopedics' medical offices and Allied Physicians Surgery Center to continue providing patients with cutting-edge care in affordable outpatient environment.

Regionally, the Europe orthopedic splints market is expected to witness 8.1% CAGR during 2023-2032, driven by the rapidly aging population. Fragility fractures are becoming more prevalent in the region as a result of osteoporosis among the older population. According to EFORT Organization research published in 2022, osteoporosis affects 21% of women and 6% of men between the ages of 50 and 94 in five major European nations. Moreover, the advanced healthcare infrastructure and focus on patient-centered care are driving the adoption of innovative splinting technologies and materials, adding to the regional market growth.