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Cast Saw Devices Market size is anticipated to exhibit lucrative growth between 2023 and 2032, attributed to the surging incidences of bone fractures due to the increasing prevalence of accidental injuries and orthopedic disorders.
Bone disorders such as osteoporosis have attained high incident rates among the aging population due to deteriorating bone health and loss of bone mass among the elderly. The latest estimations by the World Health Organization (WHO) suggest that 1 in 6 people in the world will be aged 60 years or above by 2030, with the population of the given age group reaching an estimated 2.1 billion by 2050. As the population grows, so will the disease burden, which, in turn, will favor the cast saw devices market gains.
Cast saw devices have small-toothed and sharp cast saw blades that vibrate back and forth swiftly and can be used for cutting through materials. Newer saws have a high acceptance rate among patients as they have much quieter motors, resulting in much less anxiety for the patient. The access to improved healthcare tools and services across developed economies, coupled with the rising expenditure on health and well-being, will strengthen the market outlook.
The lack of skilled professionals may, however, act as a restraining factor as the mishandling of these devices can cause cuts and burns to the patient, which may pose a challenge to the cast saw devices market revenue. In contrast, the broad range availability of cast saw devices will positively influence the market dynamics through 2032.
By product, the battery-powered cast saw segment is poised to accumulate a decent market share by 2032. The segment expansion is mainly attributed to a range of benefits offered by battery-powered cast saw devices, including freedom of movement to users, which is particularly useful for the veterinary profession, ward work, medical emergency services, and several other applications. Besides, the ease of usage associated with these devices, the availability of interchangeable mains supply adaptors, and the cost-effective nature of solutions for clinics with limited budgets will augment segmental gains.
Based on application, the cast saw devices market is estimated to gain commendable proceeds from the fiberglass cast removal segment from 2023 to 2032. Casts made of fiberglass are extensively utilized for post-surgical recovery, a broken bone, or other ailments that need immobilization. In addition, the increasing product usage for the removal of such casts, once it is time for the material to come off, will further drive business progress during the projection period.
North America cast saw devices market is projected to register substantial growth through 2032. This is because a number of regional manufacturers are rolling out a variety of products to consolidate their position in the regional market. Citing an instance, the recently rolled-out American Orthopedic Cast Cutter provides an array of benefits comprising quiet operation, ease of operation, speed, power, durability, and a balance of power and weight. This helps reduce user fatigue, given that the product has been designed for rugged use and is internally lubricated for longer service.
Leading companies in the cast saw devices market include Hanshin Medical, De Soutter Medical, OSCIMED, Shanghai Bojin Medical, Medezine, Stryker, McArthur Medical Sales, Essity Aktiebolag, Prime Medical, Smith & Nephew, Medline Industries, HEBUmedical, and others. These firms are focusing on numerous capacity expansion initiatives, including acquisitions, mergers, partnerships, collaborations, and product developments, to gain a strong foothold in the market.