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Casting and Splinting Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI4156

Casting And Splinting Market Size is expected to substantially flourish between the period 2022-2028 owing to the fast-growing geriatric population and higher pervasiveness of age-related orthopedic illness. The surging count of roadside & vehicular accidents, and sports, & adventure-related injuries have resulted in increased occurrence of musculoskeletal problems. The growing enhancements in casting and splinting materials, including the emergence of fiberglass and polyester tape, will positively foster the market dynamics.

Casts and splints are mainly hard wraps that are employed for supporting and protecting the injured bones, tendons, ligaments, and other tissues. They also assist in reducing the pain and swelling whilst protecting the injured area from more harm. On the contrary, the rising costs of equipment along with the growing risks of compartment syndrome or pressure sores will pose as barriers to the casting and splinting market progression.

Based on product segmentation, the market demand from the casting segment, comprising plaster casts, casting tapes, cast cutters, and others will foresee substantial growth. This is mainly ascribed to growing penetration in the treatment of bone fractures. The cast cutters subsegment is projected to see notable gains on account of the rising influx of technological advancements and the thriving need for easy removal of the casts with optimum blade adjustability and no additional injuries. Cast saw cutters are handheld, portable instruments, and are pneumatically powered. The increasing preference for ergonomically designed and vacuum-based cast cutters will also uplift the market.

With respect to materials, the casting and splinting market share from the Plaster of Paris (POP) segment will grow commendably due to the globally rising number of musculoskeletal injuries. As per the WHO (World Health Organization), more than 1.71 billion people are affected by musculoskeletal conditions worldwide. Considering their significant benefits, including durable longevity, convenience wearing, and well-fitting, these materials have wide utility in hospital settings. Increasing demand in casting and splinting is further anticipated to fuel the segment expansion.

The casting and splinting market in Asia Pacific is pegged to expand with the fast-growing population base and presence of a vast patient pool. The rising occurrence of road mishaps in the region has given rise to the growing count of musculoskeletal and orthopedic injuries. According to a World Bank Report, India records over 4.5 lakh road crashes per annum and contributes to around 11% of the global death in road accidents.

North America is estimated to record a significant industry remuneration driven by the rapidly expanding geriatric population in the region. The growing prevalence of musculoskeletal injuries and fractures has made way for the higher burden of orthopedic conditions. The presence of improved reimbursement policies and the surging obligation for cost-prohibitive casting and splinting devices & supplies are other factors strengthening the regional market outlook.

Solution providers in casting and splinting techniques include BSN Medical GmbH (Essity), Zimmer Inc., DeRoyal Industries, Patterson Medical Holdings Inc., AliMed, 3M Healthcare, Prime Medical Inc., Corflex Inc., Bird & Cronin Inc. (Dynatronics Corporation), and Stryker Corporation.

These key market participants are constantly focusing on inorganic marketing initiatives, like mergers, partnerships, as well as acquisitions, to amplify their revenue sales. They are also coming up with new product launches for consolidating their footprint in the competitive business scenario.

Effect of the COVID-19 crisis on casting and splinting market trends

In response to the COVID-19 outbreak, the casting and splinting industry witnessed considerable growth with the influx of several technological advancements. Custom-made three-dimensional (3D) printed casts/splints were increasingly utilized to limit the contact time during casting.

The reduced number of clinical visits and thriving requirement for self-removal of casts by patients led to higher preference for patient-specific casts and splints deployed with 3D printing technologies. The rising instances of approvals by the U.S. Food and Drug Administration (FDA) for the incorporation of various materials also contributed to the market growth.

The casting and splinting market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2028 for the following segments:

Market, by Product Type

  • Casting
    • Plaster Casts
    • Casting Tapes
    • Cast Cutters
    • Others
  • Splinting
    • Fiberglass Splints
    • Plaster Splints

Market, by Material

  • Polyester
  • Polyethylene
  • Fiberglass
  • Plaster of Paris
  • Others

Market, By End-use

  • Hospitals
  • ASCs
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • South Africa
    • Saudi Arabia

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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