Global Casting and Splinting Market, By Product Type (Casting Supplies and Equipment, Splinting Supplies and Equipment), Material Type (Polyester, Polyethylene, Fiberglass, Plaster of Paris, Others), End User (Hospitals, Clinics, Ambulatory Surgical Centers) – Industry Trends and Forecast to 2029.
Casting and splinting Market Analysis and Size
Casting and splinting market is expected to register a tremendous growth rate during the forecast period which has driven by application-specific developments and technological innovation. The increase in the number of accidents, sports, and adventure-related injuries has led to many musculoskeletal problems, which is boosting the demand of the casting and splinting market. Moreover, an increasing number of musculoskeletal injuries because of vehicular accidents is a key factor for growth. Also, acquisition and mergers to procure new strengthen portfolios, technologies, and leverage capabilities to remain main strategies over the forecast period.
Data Bridge Market Research analyses that the casting and splinting market was valued at USD 2.50 billion in 2021 and is expected to reach USD 4.20 billion by 2029, registering a CAGR of 6.70% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Casting and splinting Market Scope and Segmentation
2022 to 2029
2020 (Customizable to 2014 - 2019)
Revenue in USD Billion, Volumes in Units, Pricing in USD
Product Type (Casting Supplies and Equipment, Splinting Supplies and Equipment), Material Type (Polyester, Polyethylene, Fiberglass, Plaster of Paris, Others), End User (Hospitals, Clinics, Ambulatory Surgical Centers)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered
Stryker (U.S.), 3M (U.S.), DeRoyal (U.S.), Patterson Companies, Inc. (U.S.), Zimmer Biomet (U.S.), Bird & Cronin LLC (U.S.), DJO, LLC (U.S.), ORFIT INDUSTRIES NV (Belgium), Ossur (Ireland), Spencer Italia S.r.l (Italy), Svenska Cellulosa Aktiebolaget SCA (publ) (Sweden)
Casts and splints are hard wraps which is used to protect and support injured bones, tendons, ligaments, and other tissues. They aid broken bones heal by keeping the broken ends together and as well as straight as possible. Casts and splints also protect the injured area from more harm and aid with swelling and pain.
Global Casting and splinting Market Dynamics
- High demand of casting supplies and equipment
The growing demand of casting supplies and equipment is expected to account the major contribution in the revenue growth of the global casting and splinting market. The casting supplies and equipment help to ubiquitous ways of curing the complex bone fracture. The growing number of traumatic injuries in the accident is anticipated to the major driving factor for the growth of the casting and splinting market.
- Increasing popularity of sports
The growing popularity of sports increases the chances of accidents and injuries, leading to musculoskeletal injuries. The increasing chances musculoskeletal injuries has increased the demand of the casting and splinting is projected to drive the growth of the targeted market.
Furthermore, increasing recurrence of roadside accidents all over the globe, sports and musculoskeletal injuries, high incidence of age-related orthopedic illness, growing geriatric population, rising incidences of orthopaedic, are some of the major factors which is expected to increase the growth of the casting and splinting market over the forecast period of 2022-2029.
- Rising demand of casting and splinting due to enhance reliability and capabilities
Research and development are augmenting the reliability and capabilities of these solutions, thus making them suitable for use in an extensive range of applications even in the compelx injuries and factures due to this market players are investing more in this market. This is driving the adoption of these solutions among the many hospitals, clinics and ambulatory surgical centers which will increase the demand for casting and splinting and create immense opportunities for market growth.
- Increasing demand of advanced materials
The surging demand offer numerous growth opportunities within the market. These advanced materials are used in casting and splinting for instance fiberglass tape and polyester tape. These materials give patient compliance for better X-ray radiolucency, relaxed removal with a cast, smooth lamination, and also in attractive shapes and colours. These are some of the major factors which is anticipated to boost the growth of the global market in the upcoming.
- High cost of equipment’s
The high costs of equipment is one of the major factor which will act as market restraint for the growth of the casting and splinting market during the forecast period of 2022-2029.
Moreover, high threats of syndrome or pressure sores will act as restraints and further challenge the growth of the casting and splinting market in above mentioned period.
This casting and splinting market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the casting and splinting market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Casting and Splinting Market Scope
The casting and splinting market is segmented on the basis of product type, material type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Casting Supplies and Equipment
- Plaster Casts
- Casting Tapes
- Cast Cutters
- Casting Tools and Accessories
- Splinting Supplies and Equipment
- Fiberglass Splints
- Plaster Splints
- Other Splints
Splinting Tools and Accessories
- Plaster of Paris
- Ambulatory Surgical Centers
Casting and Splinting Market Regional Analysis/Insights
The casting and splinting market is analysed and market size insights and trends are provided by country, product type, material type and end user as referenced above.
The countries covered in the casting and splinting market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the casting and splinting market in terms of revenue and market share. This is due to the presence of high population base countries such as China, Australia, and India and has high incidences of road accidents and orthopedic injuries in this region. Furthermore, the production cost of casting and splinting products is reasonably lesser than other regions sector, this is another major factor which is supporting the growth of the target market in this region.
North America is anticipated to be the fastest developing region during the forecast period of 2022-2029 due to the growing geriatric population and rising number of musculoskeletal injuries and factures in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Casting and Splinting Market Share Analysis
The casting and splinting market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to casting and splinting market.
Some of the major players operating in the casting and splinting market are:
- Stryker (U.S.)
- 3M (U.S.)
- DeRoyal (U.S.)
- Patterson Companies, Inc. (U.S.)
- Zimmer Biomet (U.S.)
- Bird & Cronin LLC (U.S.)
- DJO, LLC (U.S.)
- ORFIT INDUSTRIES NV (Belgium)
- Ossur (Ireland)
- Spencer Italia S.r.l (Italy)
- Svenska Cellulosa Aktiebolaget SCA (publ) (Sweden)