Transportation Splint Market: Overview
The transportation splint market is predicted to display noteworthy growth in the near future. Rising incidence of sports-related injuries and road accidents is resulting in surge in demand for transportation splints. Clinically, transportation splints are used to make an injured body part stable, and immobilize it to prevent further damage. Mostly, transportation splints are used in the immediate injury phase with more chances of swelling.
The report delves into demand dynamics, growth opportunities, and competitive landscape to provide a holistic overview of the transportation splint market over the 2020 – 2030 forecast period. The report studies the transportation splint market across key regions, and covers in-depth assessment and accurate qualitative insights.
Transportation Splint Market: Competitive Landscape
The transportation splint market features a highly fragmented vendor landscape with the presence of a large number of small and large players. Geographical expansion to increase market share, mergers and acquisition, collaborations, and agreements are some key growth strategies that emerging players are vying on to increase their market presence.
Prominent players in the transportation splint market include SAM Medical, DJO Global Inc., Onesky Holdings Ltd., AlboL and Srl, 3M Healthcare, BSN Medical, and Pedihealth Ltd. among others.
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Transportation Splint Market: Key Trends
Some key factors fuelling the transportation splint market include efficacy of transportation splint to reduce swelling, pain, and muscle spasm for musculoskeletal injury. Availability of transportation splint in various shapes and sizes that are easy to use is a significant factor for their demand. Transportation splints have a velcro that makes it easy to put on, remove, or adjust at the site of injury.
In addition, transportation splints have advantages of reduced risk of complications, faster and easier application, and reduced risk of acute swelling among others. Such benefits of transportation splints make them ideal for the management of a number of severe musculoskeletal conditions where swelling can happen.
Efforts of product manufacturers to use advanced material have led to development of superior products. As a result of these efforts, transportation splints are now mostly made of fiberglass and plaster that form hard supportive layer in splints advantageous for musculoskeletal injury. Fiber and plaster being lightweight and inexpensive respectively are some other benefits of these materials for transportation splints.
According to published data, about 62% sports-related injuries occur during practice than in actual games. This calls for demand of transportation splints for faster recovery of players to be able to participate in real games.
Besides this, high incidence of age-related orthopedic disorders is another factor that stokes demand for transportation splints. According to estimates of World Population Prospects, the population of people of 60 years and above is projected to double by 2050, and become triple by 2100.
On the downside, availability of alternative treatment options for musculoskeletal injury, bone fracture is a hindrance to the growth of transportation splint market. In addition, high risk of pressure sores is another factor that limits the use of transportation splints.
Transportation Splint Market: Regional Assessment
Key regions into which the transportation splint market is divided are North America, Europe, Latin America, Asia Pacific excluding China, Middle East & Africa, and China. Among the, North America is predicted to hold the leading share in the overall market in the near future, followed by Europe. High incidence of musculoskeletal players and high participation in sports are key factors behind growth of transportation splint market in the region.
Asia pacific excluding China, on the other hand, is expected to display leading growth rate in the transportation splint market in the years ahead. This is because of growing investments by public as well as private bodies to improve healthcare facilities in the region.
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.