Cast Removal Devices Market –
Regional Analysis
The global Cast
Removal Market is regionally segmented into North America, Latin America,
Europe, Middle East, Asia Pacific, and Africa. North America holds the dominant
position in cast removal device market due to local manufacturers and high
incidence of road injuries. For instance, according to the Association for Safe
International Road Travel, in 2016, 2.35 million people were injured or
disabled every year due to road crash in the U.S. Asia Pacific is expected to
be fastest growing market over the forecast period due to increasing prevalence
of road accidents. For instance, according to the National Crime Records
Bureau, the number of road accidents in 2008 was 415 thousands, which increased
to 440 thousands by 2012 in India.
Cast removal devices are designed
to cut cast material such as fiberglass, plastic or plaster and bandage that
are used for rehabilitation of the fractured bones or ruptured tendons. It is
mainly used by orthopedic surgeons in hospitals and clinics to cure
musculoskeletal injuries caused due to road accidents and during sports
practices. According to the U.S. Department of Health & Human Services
report on January 2018, road traffic injuries are a huge economic burden on low
and middle income economies and are estimated to cost US$ 518 billion globally.
In many areas in the emerging economies, technology has still not found there
roots to grow and people use home remedies such as securing with wooden sticks
instead of casting plaster. The development of hospital facilities in these
areas will drive growth of cast removal device market.
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In November 2016, Stryker
Corporation, one of the world's leading medical technology company, announced a
multi-year collaboration with Indo UK Institute of Health's (IUIH) Medicity
Program to serve greater access to affordable services to patients in India,
which will also help in propelling growth of cast removal device market.
Increase in frequency of road
accidents and musculoskeletal injuries during sports is expected to drive
growth of the cast removal devices market. According to a survey published by
the World Health Organization (WHO) in Jan, 2018, over 3,400 people die on the
world's roads every day and tens of millions of people are injured or disabled
every year. Also, according to the John Hopkin’s Medicine, in the U.S., over
3.5 million children at the age of 14 and younger get hurt annually by playing
sports or participating in recreational activities.
The upcoming 2030 Agenda for
Sustainable Development adopted by world leaders aims at halving the global
number of deaths and injuries from road traffic crashes by 2020. Moreover, from
2015-2019, the World Health Organization is collaborating with the Bloomberg
Initiative for Global Road Safety (BIGRS) to reduce fatalities and injuries
from road traffic crashes. Such forthcoming schemes of the governmental
organizations will hinder growth of cast removal devices market, whereas people
neglecting traffic rules or distracted driving because of alcohol and other
abuse, unsafe road infrastructure, below mark vehicle quality, and many others
factors are expected to propel the cast removal device market growth.
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The strategies adopted by key
market players to come up with innovative technologies such as noise free or
debris free plaster cutters at affordable rates are lucrative opportunities for
growth of the cast removal device market. Cast removal devices are scary and
traumatic for most of the patients due to noise and blade rotation, however,
OrthoPediatrics’s Quiet cast removal device was a major leap forward in
technology in 2009. Shanghai Bojin Medical instrument Co., Ltd. aimed at coming
up with products and solutions with reduced medical costs and lessening the
financial burden of the patients. The companies also aims at providing after
sales services to the end users, which will propel growth of cast removal
devices market. Moreover, cast saws can produce thermal injury or abrasions
during cast removal, compromising patient care and can result in litigation.
The advancement for avoiding cast-saw burns will also enhance the growth of
cast removal device market.
Cast Removal Devices Market –
Competitors
The major players operating in
the cast removal devices market include DeSoutter medical, Erbrich Instrumente
GmbH, Ermis MedTech, Hanshin Medical Co.,ltd, HEBUmedical GmbH, Osimed medical,
Rimec S.R.L., Shanghai Bojin Medical instrument Co., Ltd., Stryker, and
TREU-Instrumente GmbH.
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