Emergency Splints Market Size, Share, Growth, and Industry Analysis, By Type (Rigid Emergency Splint, Semi-Rigid Emergency Splint, Malleable Emergency Splint and Emergency Splints), By Application (Hospital, Clinic and Others), Regional Insights, and Forecast To 2032

Updated On: 29 April 2024

REPORT OVERVIEW

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The global emergency splints market size was USD 13990 million in 2022 and is projected to touch USD 16900 million by 2028, exhibiting a CAGR of 3.2% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels except this.

The market is a large and growing market with a diverse range of applications. It is driven by the increasing demand for emergency splints in the healthcare sector, the rising incidence of accidents and falls, and the growing popularity of outdoor activities. The market is also seeing innovation in product development, with manufacturers constantly developing new and innovative emergency splints that are lighter, more durable, and more comfortable to use.

COVID-19 Impact: Imposed Restrictions In The Economy Which Led To A Decline In Demand For The Market

The COVID-19 pandemic has had a significant impact on the emergency splints market growth. The pandemic has led to an increase in the demand for emergency splints, as more people have been injured in accidents and falls. The pandemic has also led to supply chain disruptions, which have made it difficult for manufacturers to get the materials they need to make emergency splints. The growth of the market is being driven by the increasing demand for emergency splints in the healthcare sector, the rising incidence of accidents and falls, and the growing popularity of outdoor activities. The COVID-19 pandemic has had a mixed impact on the market. On the one hand, the pandemic has led to an increase in the demand for emergency splints, as more people have been injured in accidents and falls. This is because people have been spending more time at home due to lockdowns and social distancing measures, and they have been more likely to engage in activities that could lead to injuries, such as home improvement projects and gardening. On the other hand, the pandemic has also led to supply chain disruptions, which have made it difficult for manufacturers to get the materials they need to make emergency splints. This is because the pandemic has disrupted the global transportation and logistics network, making it more difficult and expensive to get materials from suppliers.

LATEST TRENDS

"Higher Standards of Performance by Increase in Infrastructure Spending to Grow Market Potentially"

The market is constantly evolving, with new trends emerging all the time. Some of the latest trends in the market include the increased demand for lightweight and portable splints, the rising awareness about the importance of first aid, innovative product development, the use of advanced materials, customization, telemedicine, and the growing popularity of outdoor activities.

Manufacturers are responding to these trends by developing new and innovative emergency splints that are lighter, stronger, more durable, and easier to use. They are also offering customized splints to meet the specific needs of different users. The market is expected to continue to grow in the coming years, driven by these trends.

SEGMENTATION

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• By Type

Based on type the market is classified as rigid emergency splint, semi-rigid emergency splint, malleable emergency splint and emergency splints.

• By Application

Based on application the market is classified as hospital, clinic and others.

DRIVING FACTORS

"Increasing Incidence of Accidents and Falls to Lead the Market Growth"

Accidents and falls are a leading cause of injury, and they can result in serious injuries, such as fractures and dislocations. Emergency splints are used to immobilize injured limbs and prevent further damage. The increasing incidence of accidents and falls is expected to drive the growth of the market in the coming years.

"Rising Popularity of Outdoor Activities to drive the Market Growth"

Outdoor activities, such as hiking, camping, and skiing, can be dangerous and can lead to injuries. Emergency splints are used to immobilize injured limbs and prevent further damage. The growing popularity of outdoor activities is expected to drive the growth of the emergency splints market in the coming year.

RESTRAINING FACTOR

"Several Challenges Associated with the Local Irritation to Restrain the Market Growth"

The emergency splints market is restrained by the high cost of emergency splints, lack of awareness about emergency splints, complications from improper use, regulations, and competition. The cost of emergency splints can be high, especially those that are made from high-quality materials. This can make them unaffordable for some people. Additionally, some people may not be aware of the importance of using emergency splints to immobilize injured limbs. This can lead to people not using emergency splints, which can increase the risk of further injury. If an emergency splint is not used properly, it can actually cause more harm than good.

This can lead to complications such as nerve damage, blood clots, and muscle damage. The sale and use of emergency splints may be regulated by government agencies. This can make it difficult for manufacturers to market and sell their products. Lastly, the market is a competitive market, with a number of major players. This can make it difficult for new entrants to compete. These restraining factors could slow down the growth of the market in the coming years. However, the market is expected to continue to grow due to the increasing incidence of accidents and falls, the rising popularity of outdoor activities, and the growing awareness about the importance of first aid.

REGIONAL INSIGHTS

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"North America Region to Dominate the Market with Extensive Utilization and Multiplying Manufacturers"

North America to hold the largest emergency splints market share. The growth of the market in North America is driven by the increasing incidence of accidents and falls, the rising popularity of outdoor activities, and the growing awareness about the importance of first aid.

KEY INDUSTRY PLAYERS

"Financial Players to Contribute Towards Expansion of Market"

The market is a competitive market with a number of major players. The leading players in the market are BSN Medical, 3M Company, Zimmer Biomet, Ossur, DeRoyal Industries, DonJoy, Aircast, Stryker, Orthofix International, and Biomet. These companies are constantly innovating and developing new and improved products to meet the needs of consumers. Other key players in the market include BORT Medical, Breg, Polaris Medical, RSM SpA, Mediplast, Orthocare, Medica SpA, Thuasne, Oscar Boscarol, and Junkin Safety Appliance Company. These companies are also major players in the market and have a significant presence in different regions.

List of Market Players Profiled

• Kohlbrat & Bunz (Germany)
• ME.BER. (Germany)
• Natus Medical Incorporated (U.S)
• OrientMEd International FZE (U.A.E)
• Oscar Boscarol (Italy)
• Paramed International (Canada)
• PVS (Germany)
• Red Leaf (Canada)
• Attucho (Spain)
• B.u.W. Schmidt (Germany)
• EMS Mobil Sistemler (Turkey)
• FareTec (U.S)
• Ferno Limited (England)
• Genstar Technologies Company (U.S)
• HUM – Gesellschaft f`r Homecare und Medizintechnik (Germany)
• Junkin Safety Appliance Company (U.S)

REPORT COVERAGE

The SWOT analysis and information on future developments are covered in the study. The research report includes a study of a number of factors that promote market growth. This section also covers the range of numerous market categories and applications that could potentially affect the market in the future. The specifics are based on current trends and historical turning points. The state of the market's components and its potential growth areas over the following years. The paper discusses market segmentation information, including subjective and quantitative research, as well as the impact of financial and strategy opinions. Additionally, the research disseminates data on national and regional assessments that take into account the dominant forces of supply and demand that are influencing market growth. The competitive environment, including market shares of significant competitors, is detailed in the report along with fresh research methodology and player strategies for the anticipated time.