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Ankle Splint Market Status (2017-2021) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2022-2028

Format: PDF | Pages: 303 | Report ID: MRS1242


Report Description

The global Ankle Splint market size was valued at USD 450.7 million in 2021, expanding at a CAGR 7.2% from 2022-2028 to reach 1,311.2 Million USD in 2028.

Market Dynamics

Ankle Splint market is expected to witness substantial growth over the forecast period. The market is anticipated to expand as a result of the increase in the geriatric population and bone fracture cases. Additionally, a rise in the prevalence of musculoskeletal illnesses is predicted to fuel market expansion. Because there were fewer bone fractures worldwide during the COVID-19 epidemic, there was a fall in the market for orthopaedic splints. Because of the protracted lockdowns that occurred in numerous nations around the world, there were fewer incidences of bone fracture. Players in the market saw a reduction in both segment and total sales. 

The easy accessibility to these devices and the rising incidence of knee and hip fractures are credited with driving market expansion. The lower extremities are further broken down into the hip, knee, ankle, and foot segments. The National Center for Biotechnology Information estimates that as of 2020, 1.5 million people have fractures brought on by bone disorders. Additionally, it is anticipated that the ageing population would result in an increase in these fractures, driving demand for the product and promoting market expansion.

Regional Insights

The Asia Pacific is estimated to dominate the global market. The presence of large players and technologically advanced hospitals in the United States and Canada across the region is boosting market growth. In addition, the growing trend of IoT and increasing smartphone adoption are contributing to market growth. Europe is projected to propel at a significant rate over the forecast period. As more surgeries are performed as a result of the ageing population and the prevalence of chronic diseases is also driving the market growth. Latin America is expected to grow at a substantial rate from 2021 to 2027.

Segment Dynamics

The Ankle Splint market is fragmented into the type, and applications segments. Based on the type, the Air-Stirrup Ankle Brace segment is anticipated to dominate the market. By application, the Sub-acute ankle sprains segment is projected to grow at the highest CAGR during the forecast period.

Competitive Insights

The Ankle Splint market is highly competitive in nature with the presence of local & international players. Major players in the industry engage in strategic merger & acquisition, partnership, and new product launches to remain competent in the market. For example, 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.

The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Ankle Splints by type, region, and application. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):

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

Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Air-Stirrup Ankle Brace
  • Other

Application Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

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

Region Coverage (Regional Consumption, Demand & Forecast by Countries etc.):

  • 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.)

Frequently Asked Questions

The global Ankle Splint market size was valued at USD 450.7 million in 2021, expanding at a CAGR 7.2% from 2022-2028 to reach 1,311.2 Million USD in 2028.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global Ankle Splint market is expanding at a CAGR 7.2% from 2022-2028 to reach 1,311.2 Million USD in 2028.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
The Ankle Splint market is highly competitive in nature with the presence of local & international players. Major players in the industry engage in strategic merger & acquisition, partnership, and new product launches to remain competent in the market. For example, 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.

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