The global market for orthotic devices, casts, and splints market was valued at USD 3.1 billion in 2022, with a CAGR of 27.8% predicted over the forecast period. The industry is experiencing considerable expansion due to an increase in the number of sports injuries globally. The market is experiencing considerable expansion due to rising demand for injury management services resulting from leisure activities and road accidents.

Advances in 3D technology are propelling the market forward. Continuous technological breakthroughs in 3D technology, as well as consumers seeking alternative treatments for a variety of injuries, are driving market expansion. The increasing number of people suffering from orthopedic ailments is generating considerable market growth.

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Growth Drivers
The increasing number of people suffering from orthopedic illnesses is generating significant market growth. The growing need for robot-assisted and minimally invasive procedures is propelling the industry forward. The demand for control over the high expense of orthotic devices is increasing. The growth in sports injuries, as well as the rise in the number of spine disorders, is boosting market need for orthotic devices. Innovations in orthotics and well-planned reimbursement laws are predicted to considerably drive the orthotic business forward.
Increased awareness of the benefits of orthotic devices among patients and healthcare providers, combined with rising healthcare spending worldwide, drives market expansion. The elderly population is more susceptible to illnesses such as arthritis and fractures, increasing the demand for orthotic treatments to maintain mobility and quality of life. Technological advancements enable more personalization of orthotic devices and splints to meet the specific demands of each patient, hence enhancing patient outcomes and therapy.
Segmentation
By Product Type
· Casting Supplies and Equipment
o Plaster Casts
o Casting Tapes
o Cast Cutters
o Casting Tools and Accessories
· Splinting Supplies and Equipment
o Fiber Glass Splints
o Plaster Splints
o Other Splints
o Splinting Tools and Accessories
· Orthotics
o Functional Orthotics
o Accommodative Orthotics
By Distributional Channels
· Institutional Sales
o Hospitals
o Orthopedic Clinics
o Nursing Facilities
· Retail Sales
o Online Sales
o Retail Pharmacy
o Drug Stores
Regional Outlook
· Asia Pacific
· North America
· Latin America
· Middle East and Africa
· Europe

Key Players
· Filauer LLC
· ComfortFitOrthotic Labs Inc.
· Hanger Inc.
· Amfit Inc.
· Ascent Meditech Ltd.
· 3M Healthcare
· Stryker Corporation
· Ascent Meditech Ltd.
· Hanger Inc.
· DJO, LLC
· Other Players

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