Global Ankle Splint Market To Record Protruding Growth With US$ 1,311.2 Million By 2028

December 2022 | Report Format: Electronic (PDF)

Key orthopaedic disorders that influence product demand include the rise in amateur sports and activities, the ageing of major global markets, and the number of elective orthopaedic procedures, including an increase in osteoarthritis cases. All age groups are affected by this type of arthritis, which is the most prevalent. According to the Centers for Disease Control and Prevention (CDC), 78 million American individuals over the age of 18 will have arthritis by 2040. The need for orthopaedic braces and braces is acknowledged to be mostly driven by the senior population. Musculoskeletal conditions are quite common in this group of people. This makes knee and shoulder muscle injuries more likely, especially in older people. Consequently, a growing number of sports injuries is expected to propel the growth of global market.

The high price of these products is a significant limitation that is anticipated to impede the growth of the global Ankle Splint market during the forecast period. Another difficult issue that may restrict the expansion of the global market for ankle splints is surgical site infectionsBecause topical, oral, and parenteral analgesics are frequently used to effectively manage pain associated with musculoskeletal illnesses such tendinitis, carpal tunnel syndrome, and osteoarthritis, adoption of pain medication is also a barrier for market participants. However, due to the lack of public awareness of the advantages of orthopaedics, this is the case. Orthopedic braces are utilised as a non-invasive approach to pain treatment during compression therapy (cold, hot, or traditional compression therapy). The use of painkillers is widely adopted. This market is challenged by the unfavourable redemption circumstances for braces and their products.

North America holds the biggest share of the Ankle Splint Industry. There was a huge interest in the North American region because there were large players and technologically advanced hospitals in the United States and Canada. As more surgeries were performed as a result of the ageing population and the prevalence of chronic diseases, Europe held the second-largest market share. In 2019, around 17.2 million procedures were done in Germany, according to the Federal Bureau of Statistics. Therefore, these surgeries on the bowel, spine, endoscope, and hip implants were some of the most popular. According to estimates, this will increase the region's share.

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Ankle Splint Market Report Highlights

• In July 2021, DJO LLC (U.S.) has renewed its partnership with USA Lacrosse. DJO has been the official sports support for USA Lacrosse and the U.S. national team since 2017. The renewal will extend the partnership until 2024.
• In September 2021, Ossur has expanded its portfolio with the launch of REBOUND ACL equipment. This product has been shown to assist patients recovering from anterior cruciate ligament (ACL) injury. Otto Bock is another major market player offering a wide range of equipment and support for the spine, knees, shoulders, feet and ankles, hips and elbows/wrists/hands

ANKLE SPLIT MARKET SEGMENTATION

The research report published by Market Research Strategy contains industry segments, as below-

Ankle Splint Product Type Outlook (Revenue, USD Million, 2017 - 2028)

• Air-Stirrup Ankle Brace
• Other

Ankle Splint Application Outlook (Revenue, USD Million, 2017 - 2028)

• High Ankle Sprains
• Sub-acute Ankle Sprains
• Chronic Ankle Sprain

Ankle Splint Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America (U.S., and Canada)
• Europe (Germany, U.K., France, Italy, Spain etc.)
• Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
• South America (Brazil, Mexico, Argentina etc.)
• Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)

 List of Key Players- Ankle Splint Market

• Breg 
• Bauerfeind Braces 
• Bird & Cronin 
• SAFTE Italia 
• Ossur Americas 
• Allied OSI Labs 
• Thuasne 
• BORT Medical 
• RCAI Restorative Care of America 
• Aircast

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