The global Casting and Splinting Market is forecasted to grow at a rate of 6.1% in terms of value, from USD 2,513.7 million in 2021 to reach USD 4,052.0 million by 2030. A rising occurrence of musculoskeletal conditions is a significant factor in driving the market growth. A surge in the numbers of road mishaps and sports & adventure-related injuries ae causative of a rise in the musculoskeletal conditions, which, as a result, would fuel the demand for casting and splinting. An increase in the number of car collisions is also an important reason for musculoskeletal injuries. Moreover, with a growing population base of individuals above the age of 65, the prevalence of orthopedic disorder associated with aging is likely to propel the casting and splinting market growth.
Furthermore, technological innovations in casting and splinting constituents such as fiberglass comprising the usage of tapes that deliver enhanced patient compliance are estimate to propel the casting and splinting market considerably.
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Casting devices comprising orthopedic, body, plaster, or surgical casting is often made of fiberglass/plaster, surrounding a limb to stabilize and upheld structural anatomy till the wound has healed. Splinting devices are deployed in several circumstances to provide support for spine/limb, comprising temporary support of possibly broken bones/damaged joints during any sort of activity. Casting is an essential procedure for the majority of the fractures by offering more effective immobilization. Splints deliver several benefits over casting in terms of more comfortable and rapid application and letting for natural swelling at the time of the early inflammatory phase of the injury by averting pressure related concerns.
Product Type Outlook:
Cast cutters for casting contributed to the largest market in 2019 and is likely to maintain its dominance throughout the forecast period due to advancements in technology comprising the integration of ergonomically designed and vacuum-based cutters for easy removal of the cast without causing further injury and adjustable blades based on the cast size.
Segment splinting is categorized into splinting devices & equipment, fiberglass splinting, cement splinting, and other splinting. The other segment of splints comprises well-developed products comprising wooden, plastic, neoprene, and metal splints. It is estimated to witness a significant increase in demand due to the benefits such as easy plastic splint manufacturing, which enable ready splint customization, coupled with greater adaptability and neoprene splint strength.
An orthopedic cast is a shell, often made of fiberglass/plaster that encloses a limb to stabilize and support the injured area’s structural anatomy—most often a fractured bone in place till the healing of the wound. It is functionally similar to a splint. Plaster bandages possesses a cotton bandage combined with Plaster of Paris (POP), which will harden after it has been made wet. The more soluble form of calcium sulfate returns to the relatively insoluble form when adding water, and heat is produced. However, plaster can be molded more efficiently to make the fit snugly and thus more comfortable. Gypsum is also much smoother and does not snag or abrade the skin. Due to the growing occurrence of musculoskeletal injuries, the Plaster of Paris (POP) section would see significant growth in the coming years. Various advantages, including well-fitting, convenience wearing, and durable longevity, promote market success in casting and splinting. Also, the extensive deployment of POP in hospital settings is considered advantageous in its high demand.
Polyester is a type of polymer whose main chain includes the ester functional group. It more generally applies to a form of polyethylene terephthalate (PET) as a particular substance. Polyesters include chemicals that occur naturally, such as in plant cuticles, and synthetics such as polybutyrate. Polyethylene is a linear, man-made, homopolymer used primarily for packaging (plastic bags, plastic films, geomembranes, and bottle containers, among others). Polyethylene is of low strength, toughness, and stiffness but has strong ductility and tolerance to impact as well as low friction. Under continuous force, it displays massive expansion, which can be minimized by inserting short fibers.
Based on the application, the Casting and Splinting market segmented into the hospitals, clinics, and Ambulatory Surgical Centers sectors. Splinting involves the subsequent application of an elastic bandage holding noncircumferential support in place. Splints are smoother and faster to apply; enable the healthy inflammation that happens at the time of severe inflammatory phase of the wound; are quickly extracted for the examination of the wound site, and are frequently the primary method for bone support in the severe care environment. The segment Hospitals will witness a lucrative business growth in the years ahead. Increasing levels of traffic crashes and other body injuries are growing hospital demand. The availability of trained practitioners in hospital environments to conduct many other procedures, along with opioid administration, will improve the overall growth of the business.
The market in the Asia Pacific region contributed to the largest market share in 2019, owing to the presence of a high population, and hence a large patients pool. Countries like China, India, South Korea, and Japan, with a high population density, have a higher prevalence of road mishaps and, thus, orthopedic injuries causing extensive use of casting and splinting.
North America contributed to the second-largest market share in 2019. A rising occurrence of the orthopedic condition associated with aging drive the market growth in the region. Besides, improved reimbursement policies provide access to cost-prohibitive casting and splinting devices & supplies, thereby fueling market growth.
- A rise in demand for the use of casting products more than the desire for other casts and splints products. The revenue generated by casting products was USD 1,399.8 million in 2019 and expected to grow with a CAGR of 6.5% for the forecasted period.
- Plaster of Paris generated a revenue of USD 768.2 million of overall business based on the product in 2019.
- Hospitals and Ambulatory Surgical Centers sectors are the major contributors to the Casting and Splinting Market, generating revenue of around 70.0% by value of their total business in 2019.
- Asia Pacific is a shareholders for the Casting and Splinting market and contributes approximately 46.0% market share in 2019.
Svenska Cellulosa Aktiebolaget (SCA), 3M Healthcare, Corflex Inc., Prime Medical Inc., Patterson Medical Holdings Inc., Bird & Cronin Inc., DeRoyal Industries, BSN Medical GmbH, and AliMed have been profiled in the report. They are the major manufacturers of the product.
The players operating in the market have undertaken a number of strategies related to the market in the period 2021-2020. The key highlight is:
- In December 2018, the Jacksonville Orthopedic Institute announced a partnership with ActivArmorTM, a Colorado-based company dedicated to custom-fit 3D casts and splints, fosters the principles of JOI \’s innovative recovery. ActivArmorTM partnership with JOI empowers patients with the freedom to maintain their active lifestyles. Experience the new way of healing from the sprains and breaks that JOI and ActivArmorTM offer in collaboration.
The industry offers numerous growth opportunities. Thus, a number of startups providing innovative products and technologies have been entering the market. Some of them include Ortho Life, Todays Medical India Private Limited, and Creative Orthotic & Prosthetic Solutions.
In 2016, Creative Orthotic & Prosthetic Solutions began operations as a Knee Brace manufacturer and trader, Bone Brace, Knee Support, and many more. Before the final dispatch, these products are rigorously checked on numerous quality parameters.
Mergers and Acquisitions are an integral part of the casting and splinting industry. Along with the companies operating in the market, other key market players have also been entering the industry.
- In October 2019, Stryker confirmed the purchase of Mobius Imaging LLC, a pioneer in point-of-care imaging technologies, and its sister organization, GYS Software LLC. The transaction places Stryker in a position to enhance healthcare by providing more robust surgical options like pricing, operation, and support. Mobius Imaging and Cardan Robotics bring expertise in advanced imaging and robotics and a robust product pipeline, which will allow Stryker to increase its presence in orthopedics, spine, and neurotechnology.
Reports and Data forecast promising developments for increased adoption of Casts and Splints. According to industry experts, the market will be experiencing growth in the coming years with an increase in the production from the Hospitals and Ambulatory Surgical Centers in the developing economies for the development and growth of various industries. Moreover, new manufacturers are expected to enter the market, which is likely to provide platform-centric equipment and supplies. New companies entering the industry would focus on innovating and delivering through advanced technologies, thereby reducing complexity and lowering the overall total cost of operation. Experts also believe that increase in the adoption of the product in emerging nations would be a key development area for the growth of various industries.
Segments Covered in the report
This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2021 to 2030. The scope of the report can be defined as:
For the purpose of this report have segmented into the global casting and splinting sector based on product type, material, application & region:
Product Type Outlook (Volume, Kilo Tons; 2021-2030) (Revenue, USD Billion; 2021-2030)
- Plaster Casts
- Casting Plates
- Cast Cutters
- Fiberglass Splints
- Plaster Splints
Material Outlook (Volume, Kilo Tons; 2021-2030) (Revenue, USD Billion; 2021-2030)
- Plaster of Paris
Application Outlook (Volume, Kilo Tons; 2021-2030) (Revenue, USD Billion; 2021-2030)
- Ambulatory Surgical Centers
Regional Outlook (Volume, Kilo Tons; 2021-2030) (Revenue, USD Billion; 2021-2030)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Saudi Arabia
- Rest of MEA
- Latin America
- Rest of LATAM
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