(PharmaNewsWire.Com, July 27, 2021 ) Global Ankle Splints Market was valued at USD 2,042.11 million in 2020 which is expected to reach USD 4,092.24 million by 2027 at a CAGR 8.3%.
Ankle Splints are used in the treatment of injuries which are caused by diseases or disorders, like osteoporosis, rheumatoid arthritis, osteoarthritis, diabetic foot, hammertoes, bunions, and several other conditions, like trauma and neurological disorders.
The rise in geriatric population as well as the growing rates of orthopedic disorders are expected to drive the global ankle splints market growth during this forecast period. For instance, as per the National Health Interview Survey around 22.7 % of the United Sates population is diagnosed with arthritis every year. Furthermore, continuous technological advancements in this field will further accelerate the growth of global ankle splints market throughout the forecast period.
As a result of the COVID-19 pandemic, during March 2020 as well as throughout the second quarter of 2020, access to customers to sell &implement the ankle devices diminished as hospitals became primarily focused on the COVID-19 pandemic. The pandemic has led to a significant decrease in the demand for ankle splints.
Regional Analysis
The Global Ankle Splints Market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In APAC region, Japan is expected to spreadhead the growth in near future, due to the increase in elderly population in Japan, and China, the increase in road crashes, and developing economies is expected to promote the emergence of the global ankle splints market in this region.
Some key industry contributors are Bird & Cronin, Bauerfeind Braces, SAFTE Italia, RCAI Restorative Care of America, Allied OSI Labs, Ossur Americas, Thuasne, Breg, BORT Medical, Aircast, etc. Each of this key player has been profiled in the report based on parameters including company overview, business strategies, financial overview, business segments, product portfolio, and key developments.
Market Taxonomy
By Product • Air-Stirrup Ankle Brace • Other
By Application • High Ankle Sprains • Sub-acute Ankle Sprains • Chronic Ankle Sprains
By Region • North America • Latin America • Europe • Asia Pacific • Middle East & Africa
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