Orthopedic Splints Market Is Expected To See Growth Rate Of 8.9% By 2028Posted by rahul nikade on November 11th, 2022 Orthopedic Splints Industry Overview The global orthopedic splints market size was valued at USD 1.45 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 8.9% from 2021 to 2028. The rising cases of bone fracture and increasing geriatric population are expected to boost the market growth. Furthermore, a surge in the number of musculoskeletal disorders is also anticipated to boost the market growth. During the COVID-19 pandemic, the demand for orthopedic splints decreased owing to a decline in the number of bone fractures globally. The number of bone fracture cases decreased because of prolonged lockdowns in various countries globally. Market players also experienced a decline in their segment as well as overall revenues. Gather more insights about the market drivers, restrains and growth of the Global Orthopedic Splints Market For instance, Zimmer Biomet experienced an 8.5% decline in its S.E.T segment and Essity experienced a 9.9% decline in its medical solutions segment. This resulted in a decline in the 2020’s market size. According to National Center for Biotechnology Information, as of 2020, around 1.5 million individuals suffered from a fracture caused due to bone diseases. Also, the rising geriatric population is expected to lead to more such fractures, hence driving the product demand, which fuels the market growth. Browse through Grand View Research's Medical Devices Industry Research Reports
Orthopedic splints Market Segmentation Grand View Research has segmented the global orthopedic splints market on the basis of product, application, end-user, and region: Orthopedic Splints Product Outlook (Revenue, USD Million, 2016 - 2028)
Orthopedic Splints Application Outlook (Revenue, USD Million, 2016 - 2028)
Orthopedic Splints End-user Outlook (Revenue, USD Million, 2016 - 2028)
Orthopedic Splints Regional Outlook (Revenue, USD Million, 2016 - 2028)
Market Share Insights
Key Companies profiled: Some of the key companies in the global orthopedic splints market include:
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