Global Orthopedics External Fixation Splint Market
The Orthopedics External Fixation Splint Market is expected to grow from USD 1.50 Billion in 2022 to USD 3.10 Billion by 2030, at a CAGR of 9.30% during the forecast period.
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Global Orthopedics External Fixation Splint Market size
Orthopedic external fixation splint is a medical device used to immobilize and support fractured or injured bones. The orthopedics external fixation splint market research report categorizes the market based on type, which includes fiberglass splints, polyester splints, and others. In terms of application, the market is segmented into hospitals and orthopedic clinics. The geographic segmentation of the market is based on regions, including North America, Asia Pacific, the Middle East, Africa, Australia, and Europe. The major players operating in the market are DJO, 3M Healthcare, BSN Medical, Össur, Lohmann & Rauscher, DeRoyal, Zimmer Biomet, ORFIT, Parker Medical Associates, Mika Medical, Darco, and Spencer. Regulatory and legal factors specific to market conditions include the increasing demand for non-invasive orthopedic treatments, rising geriatric population, and favorable reimbursement policies. The market is experiencing significant growth due to the increasing incidence of orthopedic injuries and disorders, the growing prevalence of sports injuries, and the rising awareness about external fixation splints.
Global Orthopedics External Fixation Splint Market Segmentation analysis
One of the latest trends in the Orthopedics External Fixation Splint market is the development of smart external fixation splints. These innovative devices allow physicians to monitor the progress of an injury remotely and adjust the splint as needed. Additionally, the use of 3D printing technology to produce customized fittings for external fixation splints is gaining popularity.
The major challenges facing the Orthopedics External Fixation Splint market include the high cost of the devices, lack of skilled professionals, and limited availability in underdeveloped regions. Moreover, the unfavorable reimbursement policies set by certain payers could also hamper market growth.
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Global Orthopedics External Fixation Splint Market key planner.
KEY PRODUCT APPLICATION COVERED
- Orthopedic Clinic
KEY PRODUCT TYPES COVERED
- Fiberglass Splints
- Polyester Splints
KEY COMPANIES COVERED
- 3M Healthcare
- BSN Medical
- Lohmann & Rauscher
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