Global OrthopedicSplints And Casts Market size, by Product Type (Casts and Splints), by EndUser (Hospitals, Orthopedic Clinics, and Ambulatory Surgical Centers), and byRegion(North America, Latin America, Europe, Asia Pacific, Middle East, andAfrica) was valued at US$ 2,160.6 million in 2017, and is projected to exhibita CAGR of 6.1% over the forecast period (2018 – 2026).
The orthopedic splints and castsmarket is expected to gain significant traction over the forecast period, asmanufacturers in the market are focused on developing cost-effective fiberglasscasts and splints with innovative design and biocompatible materials.
Increasing incidence of traumadue to accidents and falls to augment market growth
Increasing incidence of traumaassociated with road accidents, falls, and sports injuries causing severeskeletal injuries is expected to propel the orthopedic splints and casts marketgrowth. According to the Global Burden of Disease report published by Lancet in2015, road injuries is one of leading causes amongst 20 causes of the diseaseburden worldwide.
Also, according to World HealthOrganization factsheet 2018, road accidents cause between 20 million and 50million injuries every year, worldwide and is the leading cause of death amongpeople aged 15-29 years. Also, over 1.25 million people die each year as a resultof road traffic crashes.
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Furthermore, falls from heightcause serious injuries, leading to hip or knee fractures, bruises, and headtrauma. According to World Health Organization (WHO), 2018, around 37.3 millionfalls requiring medical attention were recorded, where an estimated 646,000individuals die from falls globally, every year.
Browse 38 Market Data Tables and26 Figures spread through 163 Pages and in-depth TOC on “Orthopedic Splints andCasts Market, by Product Type (Casts and Splints), by End User (Hospitals,Orthopedic Clinics, and Ambulatory Surgical Centers), and by Region (NorthAmerica, Latin America, Europe, Asia Pacific, Middle East, and Africa) - GlobalForecast to 2026”
Development of casts withopen-lattice plastic design and through innovative technologies is alsoexpected to boost sales of casting and splinting products worldwide, thuspropelling the market growth.
For instance, in 2016, XkeletEasyLife SL, using its 3D printing technology developed 3-D-printed castsproviding waterproof, customized, and comfortable option to patients, where thescanner gathers specifications of the broken limb, and a design softwareprogram builds a personalized cast. Also, printing casts eliminates thevariability of hand molding, whereas the openings allow doctors to easilyassess skin health and ease the re-dressing of wounds, which may reduce thenumber of follow-up visits, thus increasing the adoption of these splintsacross medical facilities.
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Also, the new fiberglass tape-Delta Lite Plus by BSN Medical, combines fiberglass substrate and advancedwater activated polyurethane resin system, which provides tack free properties,allowing for easy application and molding.
Key Takeaways of the OrthopedicSplints and Casts Market:
The global orthopedic splints andcasts market is expected to exhibit a CAGR of 6.1% over the forecast period,owing to the rising number of trauma cases and musculoskeletal problemsassociated with the growing geriatric population, which is highly susceptibleto bone fractures and osteoporosis
Among product types, the castssegment holds a dominant position in the orthopedic splints and casts market,as casts provide more effective immobilization than splints and are widelyadopted to manage serious injuries
Among end users, the hospitalssegment holds a dominant position owing to the rising number of surgicalprocedures being performed in the medical setting and growing adoption ofinnovative orthopedic productsSome of the major players operating in the globalorthopedic splints and casts market are Essity Aktiebolag - BSN Medical, DJOGlobal, Inc., Zimmer Biomet Holdings, Inc., Ossur Americas, Inc., PrimeMedical, Inc., DeRoyal Industries, Inc., Alimed, Inc., 3M, Orfit IndustriesN.V., and Corflex, Inc.
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