Casting & Splinting (Supplies & Equipment) Market - Forecast(2024 - 2030)

Casting & Splinting (Supplies & Equipment) Market size is estimated to reach $4.4 billion in 2030, projected to grow at a CAGR of 5.9% during the forecast period 2024-2030. Casting and splitting are inflexible wraps that are used to cover ligaments, injured bones, tendons, and other tissues and support them. In primary care such as clear & stable fracture, sprain, reduced joint dislocations, tendon injuries, and post-laceration repair, splinting (half cast) is more commonly used, unlike cast wrap splints can be simply removed or modified. Owing to the rising number of injuries, the demand for casting is projected to rise at a steady rate. Also, owing to the rising osteoporotic geriatric population, demand for the market increased particularly in countries with a high population. In addition, a growing number of musculoskeletal injuries are an important factor for growth owing to vehicular accidents is anticipated to drive the Casting & Splinting (Supplies & Equipment) market growth. 

A groundbreaking advancement is the integration of 3D printing technology, revolutionizing the casting & splitting market. This innovative approach allows for the customization of casts based on patients' unique anatomies, enhancing comfort and support during the healing process. Moreover, there is a shift towards eco-friendly materials in cast manufacturing, aligning with sustainability goals. Utilizing biodegradable and recyclable materials not only addresses environmental concerns but also meets the growing demand for sustainable medical solutions.

The report: “Casting & Splinting (Supplies & Equipment) Market Forecast (2024-2030)”, by Industry ARC, covers an in-depth analysis of the following segments of the Casting & Splinting (Supplies & Equipment) Market.

By Product Type: Castings - Plaster Casts, Casting Plates, Cast Cutters and Others and Splitting - Fiberglass Splints, Plaster Splints and Others.

By Material: Fiberglass, Plaster of Paris, Polyester, Polyethylene and Others.

By End Use: Hospitals/ Clinics, Ambulatory Surgical Centers and Research & Development.

By Geography: North America (U.S, Canada and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia & New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina and Rest of South America) and RoW (Middle East and Africa).

• The increase in the number of activities, incidents and adventure-related injuries has led to more musculoskeletal issues, pushing the Casting & Splinting (Supplies & Equipment) Industry growth. 

• Geographically, Asia-Pacific Casting & Splinting (Supplies & Equipment) Market held the largest revenue share owing to the high incidences of age-related orthopedic surgery disorders and growing geriatric population in this region. 

• Companies have been motivated by technological advancements to concentrate on using advanced materials such as fiberglass tape and polyester tape for casting and splinting, resulting in market development.

Casting & Splinting (Supplies & Equipment) Market Segment Analysis – By Product Type:

Based on Product Type, Casting & Splinting (Supplies & Equipment) Market is segmented into Casting and Splitting. Casting accounted for the largest revenue market share in 2023 owing to the technical advances involving the integration of ergonomically designed and vacuum-based cutters to remove the cast easily without risking more damage, and adjustable blades based on the size of the cast. Since casting is the conventional and most widely used process for bone fracture, it is also expected to lead the Casting & Splinting (Supplies & Equipment) Industry. Furthermore, casting equipment and materials are divided into casting tapes, plaster casts, cast cutters, and tools & accessories for casting. Casting equipment consisting of orthopedic surgery, body plaster, or surgical casting is often made of fiberglass/plaster covering a limb before the wound has healed to stabilize and retain structural anatomy. 

Based on Material, Casting & Splinting (Supplies & Equipment) Market is segmented into Fiberglass, Plaster of Paris, Polyester, Polyethylene and Others. Plaster of Paris accounted for the largest revenue market share in 2023 owing various advantages in casting and splinting, including well-fitting, comfort, and robust durability. The comprehensive implementation of POP in hospital environments is also considered beneficial in its high demand aiding growth towards Casting & Splinting (Supplies & Equipment) Market. Additionally, it is biocompatible, making it suitable for medical applications without causing adverse reactions in patients. 

Based on Geography, the Asia-Pacific region accounted for a 34% market share in 2023. This is majorly attributed to the high incidences of road accidents and orthopedic surgery injuries, which lead to the wide use of casting and splinting equipment and supplies in this region. According to the World Health Organization, India accounts for 11% of the global road accident deaths, and road traffic injuries are the eighth leading cause of death in India. Moreover, the countries in this region have a large number of production facilities which can manufacture large quantities of inexpensive casting equipment to meet domestic and global demand. In addition, production costs are low in this region, attracting market-leading companies to invest in the Asia Pacific region. 

Increasing geriatric population base is highly susceptible for developing bone related diseases such as osteoporosis and osteoarthritis and is set to drive the Casting & Splinting (Supplies & Equipment) Market. According to the Federal Statistical Office of Germany the number of people aged 65 and above in Germany was 18.6 million in 2022 and is projected to reach 20.8 million in 2030. As per the National Bureau of Statistics of China, the number of people aged 65 and above in China was 189.4 million in 2022 and is projected to reach 239.6 million in 2030. The growing elderly population is highly prone to numerous health disorders like as orthopedic surgery disorders and weak bone health leading to impairment that shows a significant impact on the demand for the Casting & Splinting (Supplies & Equipment) Industry.

Advances in casting and splinting materials, such as the use of fibreglass tape and polyester tape, are expected to dramatically increase the casting and splinting market, offering high patient compliance in terms of easy removal of a cast saw blade, smooth lamination, enhanced X-ray radiolucency, and their availability in attractive colors and patterns. Technological developments, such as the incorporation of vacuum-based cutters and ergonomically crafted cast cutters, make it easy to remove the cast without further damage and to change the blades depending on the cast size increases the product demand. Moreover, large number of distributors are focusing on creating awareness among people regarding health by using various social networking platforms that creates lucrative growth opportunity in near future for the Casting & Splinting (Supplies & Equipment) Market.

High cost of the Casting & Splinting (Supplies & Equipment) coupled with low acceptance levels and lack of awareness among the people hinders the market growth. The high equipment costs and also the high risk of pressure sores or syndrome would serve as restrictions on Casting & Splinting (Supplies & Equipment) business growth. Moreover, number of people demanding is not receiving the efficient services owing to the lack of awareness of services and belief about disability that influence the treatment seekers. Furthermore, middle-income countries are predicted to hamper the markets growth owing to their lower income profile and escalating cost of the Casting & Splinting (Supplies & Equipment).

 

1. DeRoyal Industries

2. Performance Health

3. Zimmer Biomet

4. Bird & Cronin Inc.

5. Stryker Corporation

6. Prime Medical Inc.

7. Medi GmbH & Co. KG

8. BSN Medical GmbH

9. AliMed

10. Corflex Inc.