Orthotic Devices, Casts, and Splints Market- Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032
Description
Market Overview
The Orthotic Devices, Casts, and Splints Market is projected to grow from USD 6,085.48 million in 2024 to USD 9,481.88 million by 2032, registering a compound annual growth rate (CAGR) of 5.7% during the forecast period (2024–2032).
Market growth is underpinned by the rising incidence of musculoskeletal disorders, an expanding geriatric population, and continuous advancements in orthotic technologies. Increasing awareness of orthopedic conditions, combined with growing demand for custom orthotic solutions, is driving widespread adoption. Additionally, the rise in sports injuries, occupational hazards, and traffic-related accidents has led to heightened demand for supportive orthotic devices, casts, and splints. The trend toward personalized care, enabled by 3D printing technologies, is further accelerating innovation in the sector. A major growth factor includes the increasing prevalence of orthopedic conditions such as arthritis, osteoporosis, and spinal deformities—conditions commonly associated with ageing. According to the World Health Organization (WHO), over 1.71 billion individuals worldwide are affected by musculoskeletal disorders, encompassing fractures, trauma, and degenerative diseases. This rising burden has intensified the demand for non-invasive therapeutic options like orthotic supports and splints. Advancements in material engineering—specifically the adoption of lightweight carbon fiber, silicone, and thermoplastics—have enhanced comfort, efficiency, and long-term usability. Increased healthcare spending and supportive government policies for orthopedic care continue to propel the market forward.
Market Drivers
Adoption of Advanced Materials and 3D Printing Technology
Innovations in materials and the rise of 3D printing have revolutionized the orthotic devices, casts, and splints market. Conventional bulky materials are increasingly being replaced with lightweight, resilient, and flexible alternatives such as carbon fiber, thermoplastics, and silicone, leading to better patient compliance. The integration of 3D printing in orthotic manufacturing has enabled highly personalized treatment solutions, offering improved fit, functionality, and quicker production cycles. For instance, additive manufacturing facilitates precise customization based on individual patient anatomy, enhancing treatment outcomes and efficiency.
Market Challenges Analysis
High Costs and Limited Access to Care
Cost remains a critical barrier to the broader adoption of orthotic devices and treatment solutions. Financial constraints are particularly evident in developing economies. In India, for example, less than 25% of the population is covered by health insurance, creating significant affordability challenges for patients needing orthotic interventions. Limited access to healthcare infrastructure, especially in rural settings, further impedes adoption. The U.S. Food and Drug Administration (FDA) reports that 72% of rural residents experience restricted access to orthotic care services, often leading to delayed diagnoses and interventions. Additionally, logistical inefficiencies in medical equipment supply chains present challenges. According to the National Institutes of Health (NIH), 15% of adults with disabilities report delays in receiving necessary medical equipment, with 27% citing supply chain disruptions as the main cause. These access and infrastructure limitations hinder timely and equitable patient care in underserved regions.
Segmentations
By Product Type
Casting Supplies & Equipment
Plaster Casts
Casting Tapes
Cast Cutters
Casting Tools and Accessories
Splinting Supplies & Equipment
Fiberglass Splints
Plaster Splints
Other Splints
Splinting Tools and Accessories
Orthotics
Functional Orthotics
Accommodative Orthotics
By Distribution Channel
Institutional Sales
Hospitals
Orthopedic Clinics
Nursing Facilities
Retail Sales
Online Sales
Retail Pharmacies
Drug Stores
By Region
North America: U.S., Canada, Mexico
Europe: Germany, France, U.K., Italy, Spain, Rest of Europe
Asia Pacific: China, Japan, India, South Korea, Southeast Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Rest of Latin America
Middle East & Africa: GCC Countries, South Africa, Rest of the Middle East and Africa
Key Player Analysis
Össur hf
DJO Global, Inc.
Ottobock SE & Co. KGaA
3M Company
Stryker Corporation
Breg, Inc.
Zimmer Biomet Holdings, Inc.
DeRoyal Industries, Inc.
BSN Medical (Essity)
Thuasne Group
The Orthotic Devices, Casts, and Splints Market is projected to grow from USD 6,085.48 million in 2024 to USD 9,481.88 million by 2032, registering a compound annual growth rate (CAGR) of 5.7% during the forecast period (2024–2032).
Market growth is underpinned by the rising incidence of musculoskeletal disorders, an expanding geriatric population, and continuous advancements in orthotic technologies. Increasing awareness of orthopedic conditions, combined with growing demand for custom orthotic solutions, is driving widespread adoption. Additionally, the rise in sports injuries, occupational hazards, and traffic-related accidents has led to heightened demand for supportive orthotic devices, casts, and splints. The trend toward personalized care, enabled by 3D printing technologies, is further accelerating innovation in the sector. A major growth factor includes the increasing prevalence of orthopedic conditions such as arthritis, osteoporosis, and spinal deformities—conditions commonly associated with ageing. According to the World Health Organization (WHO), over 1.71 billion individuals worldwide are affected by musculoskeletal disorders, encompassing fractures, trauma, and degenerative diseases. This rising burden has intensified the demand for non-invasive therapeutic options like orthotic supports and splints. Advancements in material engineering—specifically the adoption of lightweight carbon fiber, silicone, and thermoplastics—have enhanced comfort, efficiency, and long-term usability. Increased healthcare spending and supportive government policies for orthopedic care continue to propel the market forward.
Market Drivers
Adoption of Advanced Materials and 3D Printing Technology
Innovations in materials and the rise of 3D printing have revolutionized the orthotic devices, casts, and splints market. Conventional bulky materials are increasingly being replaced with lightweight, resilient, and flexible alternatives such as carbon fiber, thermoplastics, and silicone, leading to better patient compliance. The integration of 3D printing in orthotic manufacturing has enabled highly personalized treatment solutions, offering improved fit, functionality, and quicker production cycles. For instance, additive manufacturing facilitates precise customization based on individual patient anatomy, enhancing treatment outcomes and efficiency.
Market Challenges Analysis
High Costs and Limited Access to Care
Cost remains a critical barrier to the broader adoption of orthotic devices and treatment solutions. Financial constraints are particularly evident in developing economies. In India, for example, less than 25% of the population is covered by health insurance, creating significant affordability challenges for patients needing orthotic interventions. Limited access to healthcare infrastructure, especially in rural settings, further impedes adoption. The U.S. Food and Drug Administration (FDA) reports that 72% of rural residents experience restricted access to orthotic care services, often leading to delayed diagnoses and interventions. Additionally, logistical inefficiencies in medical equipment supply chains present challenges. According to the National Institutes of Health (NIH), 15% of adults with disabilities report delays in receiving necessary medical equipment, with 27% citing supply chain disruptions as the main cause. These access and infrastructure limitations hinder timely and equitable patient care in underserved regions.
Segmentations
By Product Type
Casting Supplies & Equipment
Plaster Casts
Casting Tapes
Cast Cutters
Casting Tools and Accessories
Splinting Supplies & Equipment
Fiberglass Splints
Plaster Splints
Other Splints
Splinting Tools and Accessories
Orthotics
Functional Orthotics
Accommodative Orthotics
By Distribution Channel
Institutional Sales
Hospitals
Orthopedic Clinics
Nursing Facilities
Retail Sales
Online Sales
Retail Pharmacies
Drug Stores
By Region
North America: U.S., Canada, Mexico
Europe: Germany, France, U.K., Italy, Spain, Rest of Europe
Asia Pacific: China, Japan, India, South Korea, Southeast Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Rest of Latin America
Middle East & Africa: GCC Countries, South Africa, Rest of the Middle East and Africa
Key Player Analysis
Össur hf
DJO Global, Inc.
Ottobock SE & Co. KGaA
3M Company
Stryker Corporation
Breg, Inc.
Zimmer Biomet Holdings, Inc.
DeRoyal Industries, Inc.
BSN Medical (Essity)
Thuasne Group
Table of Contents
220 Pages
- CHAPTER NO. 1 : INTRODUCTION
- 1.1.1. Report Description
- Purpose of the Report
- USP & Key Offerings
- 1.1.2. Key Benefits for Stakeholders
- 1.1.3. Target Audience
- 1.1.4. Report Scope
- CHAPTER NO. 2 : EXECUTIVE SUMMARY
- 2.1. Orthotic Devices, Casts, and Splints Market Snapshot
- 2.1.1. Orthotic Devices, Casts, and Splints Market, 2018 - 2032 (USD Million)
- CHAPTER NO. 3 : Orthotic Devices, Casts, and Splints Market – INDUSTRY ANALYSIS
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Restraints
- 3.4. Market Opportunities
- 3.5. Porter’s Five Forces Analysis
- CHAPTER NO. 4 : ANALYSIS COMPETITIVE LANDSCAPE
- 4.1. Company Market Share Analysis – 2023
- 4.2. Orthotic Devices, Casts, and Splints Market Company Revenue Market Share, 2023
- 4.3. Company Assessment Metrics, 2023
- 4.4. Start-ups /SMEs Assessment Metrics, 2023
- 4.5. Strategic Developments
- 4.6. Key Players Product Matrix
- CHAPTER NO. 5 : PESTEL & ADJACENT MARKET ANALYSIS
- CHAPTER NO. 6 : Orthotic Devices, Casts, and Splints Market – BY By Product Type: ANALYSIS
- CHAPTER NO. 7 : Orthotic Devices, Casts, and Splints Market – BY By Distribution Channel: ANALYSIS
- CHAPTER NO. 8 : Orthotic Devices, Casts, and Splints Market – BY By Region: ANALYSIS
- CHAPTER NO. 9 : COMPANY PROFILES
- 9.1. Össur hf
- 9.2. DJO Global, Inc.
- 9.3. Ottobock SE & Co. KGaA
- 9.4. 3M Company
- 9.5. Stryker Corporation
- 9.6. Breg, Inc.
- 9.7. Zimmer Biomet Holdings, Inc.
- 9.8. DeRoyal Industries, Inc.
- 9.9. BSN Medical (Essity)
- 9.10. Thuasne Group
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