On the basis of region, the Casting
and Splinting Market is segmented into North America, Europe, Latin
America, Asia Pacific, Middle East, and Africa. Asia Pacific accounted for the
largest market share in 2016 due to high incidence of orthopedic injuries and
road accidents in the region, which in turn, lead to high demand for casting
and splinting products. Moreover, costs associated with manufacturing of
casting and splinting products in this region is comparatively lower than that
of other regions, in turn positioning the region as a major manufacturing hub.
In 2013, according to WHO, the East Asia-Pacific region recorded over 153,000
fatalities from road accidents. This indicates an increasing demand for casting
and splinting products, in turn, boosting growth of the market in the region.
Casts and splints are designed to
protect and support injured or fractured joints and bones. They help to
immobilize broken bones or dislocated joints in place, until fully healed. A
cast is the treatment of choice in fractures where a minimal amount of swelling
is expected, including fractures that are non-displaced as well as complicated
conditions such as Paige’s, wherein a cast is placed after subsided swelling
due to initial placement of a splint. Thus, the casting segment held a
lucrative market share in 2016. Additionally, development of different types of
materials for better treatment adherence and outcome is expected to augment
growth of the casting and splinting products market. In April 2017, Svenska
Cellulosa Aktiebolaget (SCA) completed the acquisition of BSN Medical, a
leading medical solution company with well-known brands such as Leukoplast,
Cutimed, JOBST, Delta Cast, Delta Lite, and Actimove. These provide SCA a
platform for growth with future industry consolidation opportunities.
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Ambulatory Surgical Centers
Increasing incidence of road
accidents and musculoskeletal injuries to propel overall growth of the market
The casting and splinting market
is expected to experience rapid growth over the forecast period, owing to
rising number of sports and vehicular accidents and other injuries, which in
turn, is resulting in increasing number of musculoskeletal problems among the
populace. Also, rampant growth of the geriatric population is expected to fuel
demand for casting and splinting, as this population is more prone to
orthopedic problems. As per the United Nations data, in 2015, around 901 million
people were over 60 years of age and this number is expected to reach 1.4
billion by 2030 and to 2.1 billion by 2050. Advancements in technology has
influenced vendors to focus on using advanced materials such as fiberglass tape
and polyester tape for manufacturing casts and splints. These provide high
patient compliance in terms of wearing comfort and lasting support, improved
X-ray radiolucency, and also helps to avoid or minimize muscle atrophy and
other immobilization-related issues. Availability of casts and splints in a
wide range of attractive colors and unique paw pattern is also be expected to
boost sales of casting and splinting products worldwide. Growth of the market,
however, is expected to be restrained by the high costs of equipment and high
risks of pressure sores or compartment syndrome.
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North America continues to hold
the second-largest market share in the casting and splinting products market
during the forecast period, owing to increasing number of musculoskeletal
injuries and fractures in this region. In 2014, according to an article
published by EWI Works, 34% of all lost time claims were associated with
sprain, strain, and tears of musculoskeletal tissue in the U.S.
Market is highly consolidated
with major players actively pursuing aggressive expansive strategies
The casting and splinting
products market is highly fragmented and region-specific. 3M Healthcare,
Svenska Cellulosa Aktiebolaget (SCA), Stryker Corporation, and Prime Medicals
are among the major players in the market. Strategies adopted by these
companies to increase market share include flexible product offering to meet
the increasing demand of the large population base and engage in educational
programmes. 3M products are supported by an extensive range of educational
programmes provided by a team of technical sales specialists and a British
Orthopedic Association (BOA) qualified technician. Other players in this market
include AliMed, Corflex Inc., DeRoyal Industries, Patterson Medical Holdings
Inc., Zimmer Inc., and Bird & Cronin Inc.
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