Ankle Splint Market Status (2017-2021) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2022-2028
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.)
Table Of Content
TABLE OF CONTENT
1. Ankle Splint Market Overview
1.1. Product Overview and Scope of Ankle Splint
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Ankle Splint Market Size Growth Rate Analysis by Product, 2021 VS 2028
1.3.1. Air-Stirrup Ankle Brace
1.3.2. Other
1.4. Global Ankle Splint Consumption Comparison by Application: 2021 VS 2028
1.4.1. High Ankle Sprains
1.4.2. Sub-acute Ankle Sprains
1.4.3. Chronic Ankle Sprain
1.5. Global Ankle Splint Market Size Estimates and Forecasts by Region: 2021 VS 2028
1.5.1. North America Ankle Splint Estimates
1.5.2. Europe Ankle Splint Estimates
1.5.3. China Ankle Splint Estimates
1.5.4. Japan Ankle Splint Estimates
2. Market Competition by Manufacturers
2.1. Global Ankle Splint Revenue Market Share by Manufacturers (2020)
2.2. Ankle Splint Market Share by Company Product (Tier 1, Tier 2 and Tier 3)
2.3. Global Ankle Splint Average Price by Manufacturers (2017-2021)
2.4. Manufacturers Ankle Splint Production Sites, Area Served, Product Types
2.5. Ankle Splint Market Competitive Situation and Trends
2.5.1. Ankle Splint Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Ankle Splint Consumption by Region (2017-2021)
3.1. Global Ankle Splint Consumption by Region
3.2. Global Ankle Splint Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Ankle Splint Consumption Growth Rate (2017-2021)
3.2.3. North America Ankle Splint Consumption, Price and Gross Margin (2017-2021)
3.2.4. North America Ankle Splint Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Ankle Splint Consumption Growth Rate (2017-2021)
3.2.7. Europe Ankle Splint Consumption, Price and Gross Margin (2017-2021)
3.2.8. Europe Ankle Splint Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Ankle Splint Consumption Growth Rate (2017-2021)
3.2.11. Asia Pacific Ankle Splint Consumption, Price and Gross Margin (2017-2021)
3.2.12. Asia Pacific Ankle Splint Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Ankle Splint Consumption Growth Rate (2017-2021)
3.2.15. South America Ankle Splint Consumption, Price and Gross Margin (2017-2021)
3.2.16. South America Ankle Splint Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Ankle Splint Consumption Growth Rate (2017-2021)
3.2.19. Middle East and Africa Ankle Splint Consumption, Price and Gross Margin (2017-2021)
3.2.20. Middle East and Africa Ankle Splint Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Ankle Splint Consumption by Product (2017-2021)
4.1. Global Ankle Splint Price by Product (2017-2021)
4.2. Global Ankle Splint Revenue Market Share by Product (2017-2021)
4.2.1. Air-Stirrup Ankle Brace
4.2.2. Other
5. Global Ankle Splint Consumption by Application (2017-2021)
5.1. Global Ankle Splint Price by Application (2017-2021)
5.2. Global Ankle Splint Revenue Market Share by Application (2017-2021)
5.2.1. High Ankle Sprains
5.2.2. Sub-acute Ankle Sprains
5.2.3. Chronic Ankle Sprain
6. Key Companies Profiled
6.1. Breg
6.1.1. Breg Ankle Splint Corporation Information
6.1.2. Breg Ankle Splint Product Portfolio
6.1.3. Breg Ankle Splint Consumption, Price and Gross Margin (2017-2021)
6.1.4. Breg Main Business and Markets Served
6.1.5. Breg Recent Developments/Updates
6.2. Bauerfeind Braces
6.3. Bird & Cronin
6.4. SAFTE Italia
6.5. Ossur Americas
6.6. Allied OSI Labs
6.7. Thuasne
6.8. BORT Medical
6.9. RCAI Restorative Care of America
6.10. Aircast
7. Marketing Channel, Distributors and Customers
7.1. Marketing Channel
7.2. Ankle Splint Distributors List
7.3. Ankle Splint Customers
8. Market Dynamics
8.1. Ankle Splint Industry Trends
8.2. Ankle Splint Growth Drivers
8.3. Ankle Splint Market Challenges
8.4. Ankle Splint Market Restraints
9. Global Ankle Splint Consumption and Demand Forecast, by Region (2022-2028)
9.1. Global Forecasted Demand Analysis of Ankle Splint, by Regions and Country
9.1.1. North America Forecasted Consumption of Ankle Splint by Country
9.1.2. Europe Market Forecasted Consumption of Ankle Splint by Country
9.1.3. Asia Pacific Market Forecasted Consumption of Ankle Splint by Region
9.1.4. Latin America Forecasted Consumption of Ankle Splint by Country
9.1.5. Middle East and Africa Forecasted Consumption of Ankle Splint by Country
10. Global Ankle Splint Consumption and Demand Forecast, by Product Segments (2022-2028)
10.1. Global Forecasted Consumption of Ankle Splint by Product Segments (2022-2028)
10.2. Global Consumption and Price Forecast by Product Segments (2022-2028)
10.3. Global Forecasted Growth Rate of Ankle Splint by Product Segments (2022-2028)
11. Global Ankle Splint Consumption and Demand Forecast, by Application Segments (2022-2028)
11.1. Global Forecasted Consumption of Ankle Splint by Application Segments (2022-2028)
11.2. Global Consumption and Price Forecast by Application Segments (2022-2028)
11.3. Global Forecasted Growth Rate of Ankle Splint by Application Segments (2022-2028)
12. Research Finding and Conclusion
13. Methodology and Data Source
13.1. Methodology/Research Approach
13.1.1. Research Programs/Product
13.1.2. Market Size Estimation
13.1.3. Market Breakdown and Data Triangulation
13.2. Data Source
13.2.1. Secondary Sources
13.2.2. Primary Sources
13.3. Author List
13.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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