(MENAFN- EIN Presswire)

Orthotic Devices, Casts and Splints Market

Regional Analysis of Orthotic Devices, Casts and Splints Market

Innovations in orthotics and well-planned reimbursement regulations are expected to drive orthotic devices market growth over the coming years.

Market growth in China is anticipated to expand at a rapid pace during the forecast period due to the rising rate of urbanization and government attempts to improve healthcare facilities. ” - Future Market InsightsNEWARK, DE, UNITED STATES, February 13, 2025 /EINPresswire / -- The global orthotic devices, casts, and splints market is experiencing significant growth, with projections indicating a Compound Annual Growth Rate (CAGR) of 6.2% from 2022 to 2024. The market, valued at USD 2.95 billion in 2022, is expected to reach USD 3.32 billion by the end of 2024, driven by increasing demand for orthopedic solutions, rising cases of musculoskeletal disorders, and advancements in material technology.

Factors such as an aging population, a growing number of sports-related injuries, and a surge in post-surgical rehabilitation cases are fueling the adoption of orthotic devices, casts, and splints. Technological innovations, including 3D printing and lightweight, durable materials, are further enhancing product effectiveness and patient comfort.

Track Evolving Market Trends: Request Your Sample Report! #5245502d47422d3132303539

With healthcare providers emphasizing non-invasive treatment options and personalized orthotic solutions, the market is poised for continued expansion. Industry players are focusing on product innovation, strategic partnerships, and geographical expansion to strengthen their market position and cater to evolving consumer needs.

As the demand for efficient, patient-friendly orthopedic solutions rises, the orthotic devices, casts, and splints market is set to witness robust growth, shaping the future of rehabilitation and orthopedic care.

Key Takeaways: Global Orthotic Devices, Casts, and Splints Market

. The global market for orthotic devices, casts, and splints is expected to grow significantly at a CAGR of 6.2% from 2022 to 2024, reaching a value of USD 3.32 billion by 2024.

. North America holds a leading market share (38% in 2022) driven by factors like senior population growth, rising sports injuries, and increasing musculoskeletal disorders.

. Advancements in orthotic technology and supportive reimbursement policies are expected to further propel market growth.

. Rising adoption of healthcare coverage, product launches, healthcare infrastructure expansion, and presence of key suppliers are driving the US market.

. Availability of skilled professionals, advanced orthotic devices , and patient demand for these products are boosting the US market.

. The Chinese market is anticipated to grow rapidly due to urbanization, government healthcare improvements, medical tourism, and rising disposable income.

High Demand for Market Insights: Discover Comprehensive Trends in Our Full Report!

Competitive Landscape

Limitations in traditional orthotics manufacturing processes mean patients often face long wait times for necessary devices. Consequently, there is a significant emphasis on technological advancements aimed at providing a competitive advantage to providers of orthotic devices, casts, and splints throughout the forecast period.

Companies are actively pursuing strategies to enhance production capacity and innovate new products to drive revenue growth. Additionally, they are leveraging partnership strategies such as acquisitions and mergers.

For example,

. In February 2021, Breg, Inc. introduced Pinnacle and AscendTM, two new lines of spinal orthoses. This launch included 15 new products designed to enhance care for individuals with spinal injuries, while expanding their product offerings.

Key Companies Profiled

. Fillauer LLC
. ComfortFit Orthotic Labs Inc.
. Hanger Inc.
. Amfit Inc.
. Ascent Meditech Ltd.
. De royal Industries, Inc.
. Performance Health Inc.
. DJO, LLC
. Zimmer Biomet Holdings, Inc.
. Stryker Corporation
. 3M Healthcare

Orthotic Devices, Casts, and Splints Industry Segmentation

By Product Type:

Casting Supplies & Equipment
o Plaster Casts
o Casting Tapes
o Cast Cutters
o Casting Tools and Accessories
Splinting Supplies & Equipment
o Fiberglass Splints
o Plaster Splints
o Other Splints
o Splinting Tools and Accessories
Orthotics
o Functional Orthotics
o Accommodative Orthotics

By Distribution Channel:

Institutional Sales
o Hospitals
o Orthopedic Clinics
o Nursing Facilities
Retail Sales
o Online Sales
o Retail Pharmacies
o Drug Stores

By Region:

. North America
. Latin America
. Europe
. East Asia
. South Asia & Pacific
. Middle East & Africa (MEA)

Get Your Hands on Healthcare Market Projections Now!

Explore FMI's Related Ongoing Coverage on Healthcare Market Insights Domain:

Birth Tissue Products Market Analysis by Application into Cardiovascular Disorders, Oncology, Dermatology, Musculoskeletal & Others Through 2035:

Rapid Infuser Industry Analysis by Trolley Mounted Devices, Handheld Devices and Accessories through 2035:

United States Cold Laser Therapy Market Outlook – Trends, Demand & Forecast 2025-2035:

UK Cold Laser Therapy Market Report – Size, Share & Innovations 2025-2035:

China Foley Catheter Market Insights – Demand, Trends & Forecast 2025-2035:

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-347-918-3531
For Sales Enquiries: ...
Website:
LinkedIn| Twitter| Blogs | YouTube

Ankush Nikam
Future Market Insights, Inc.
+91 90966 84197
email us here
Visit us on social media:
Facebook
X
LinkedIn
YouTube

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

MENAFN13022025003118003196ID1109201928