Casting And Splinting Market size is projected to rapidly grow through 2023-2032, augmented by the high incidence rate of musculoskeletal injuries across the world, with road traffic accidents being the leading cause for both. The WHO estimates that nearly 20-50 million people sustain non-fatal injuries from road traffic crashes on an annual basis. With the projected rise in private vehicle ownership over the coming years, instances or road accidents are likely to go up in tandem, especially in emerging economies, creating more opportunities for product adoption.
Meanwhile, the market is also slated to witness a high impetus from the rising incidences of workplace injuries in sectors such as construction and manufacturing, where physical labor is common. According to the International Labour Organization, around 340 million workplace accidents are reported annually across the globe, with many involving the use of casting, splinting products as a treatment.
With respect to product, the casting and splinting market from casting segment is slated to register strong gains due to the global rise in orthopedic injuries. According to Netherlands-based pharmaceutical firm, Osteo-Pharma, on average every person experiences at least one broken bone in their lifetime. The probability of such injuries in more elevated among the elderly population as people aged 60 and above have higher chances of developing Osteoporosis. The segment is also expected to witness steady growth owing to novel innovations with respect to ease of cast application and removal.
Based on material, the fiberglass segment is anticipated to account for a substantial market share given its growing popularity in recent years. The material is lightweight and comes in a range of colors, and is also more porous, which minimizes the risk of having itchy skin. It can also be worn for a longer duration, making it ideal for injuries that take longer to heal. Another advantage of the material is its strength, which protects the covered area against any bump or impact. Fiberglass casts also set much quicker than others and can also be made waterproof, which further elevates the material demand.
Regionally, the North America casting and splinting market is likely to grow at a considerable rate, driven by the rising number of traffic accidents in the region, Meanwhile, increasing prominence of osteoporosis among the geriatric population in the region would also keep revenues flowing for the market. According to Osteo-Pharma, the U.S. alone records over 2 million cases of bone fracture each year. The number includes cases of patients suffering from osteoporosis. Moreover, high prevalence of contact sports such as football and basketball in the region also elevates the demand for casting and splinting.
Solution providers in the casting and splinting market include 3M Healthcare, BSN Medical GmbH (Essity), Corflex Inc., Zimmer Inc., Patterson Medical Holdings Inc., DeRoyal Industries, AliMed, Stryker Corporation, Bird & Cronin Inc. (Dynatronics Corporation), and Prime Medical Inc.