The global Casting and Splinting Market is forecasted to reach USD 4,052.0 Million by 2027, according to a new report by Reports and Data. Surging demand for casting and splinting products in various shapes & sizes expedites the growth of the casting and splinting market. These items provide the wounded component with added support and warmth, thus growing the need for casting and splinting. Besides, increasing accessibility of such goods with the obtainability of several raw materials, including polyethylene, polyester, and fiberglass, should foster demand for casting & splinting products.

Casts and splints are beneficial in immobilizing orthopedic wounds and stimulate healing by supporting bone alignment, reducing pain, secure the damaged area, and aid to compensate for muscular weakness in the vicinity. 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 easier and rapid application and letting for natural swelling at the time of the early inflammatory phase of the injury by averting pressure related concerns. The rising occurrence of on-road accidents and musculoskeletal injuries is also an essential factor in boosting the demand for casting and splinting.

The COVID-19 impact:

As the COVID-19 epidemic rises, producers are increasingly adapting their strategies and purchasing objectives to satisfy the demand of a pandemic that has decreased the requirement for Casts and Splints depending on the sector. A sequence of positive as well as negative shocks will arise over a few months as producers and their vendors adapt to changing customer demands. Many regions look vulnerable to export-dependent economies, with an unfortunate global situation. The impact of this pandemic is reshaping the global casting and splinting markets when certain manufacturers either close down or decrease their production due to a lack of downstream demand. While some have their production suspended by their governments as a precautionary measure by the respective nations to combat the spread of the virus, in other countries, when looking at the severity of the outbreak and the consequent behavior of the national authorities themselves, customers are centered on becoming more global. Market conditions in Asia Pacific regions have become very sophisticated in these cases, collapsing periodically and finding it impossible to stable themselves.

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Further key findings from the report suggest :

• Based on product type, splinting products generated a revenue of USD 1,114.0 million in 2019 and is expected to grow with a CAGR of 5.5% in the forecast period, owing to benefits associated with them such as manufacturing ease of plastic splints, which allows fast customization of splints coupled with high versatility and strength of neoprene splints.
• The polyethylene material is expected to grow with a CAGR of 6.2% in the forecasted period, owing to its superior properties, including low strength, hardness, and rigidity, but has high elasticity and impact strength as well as low friction, thereby making it suitable for a wide variety of applications.
• The application of Casting and Splinting in hospitals majorly contribute to market growth. The commercial sector of the Asia Pacific region is the major shareholder of the market and held around 36.0% of the market in the year 2019, owing to the rising number of road accidents and other body injuries.
• The Asia Pacific dominated the casting & splinting market in 2019. Factors driving the demand are the strong emphasis the region places on cost-effective and advanced procedures applied in the industry. The Asia Pacific area controlled approximately 46.0% of the market, followed by North America, which contains around 23.0% market in the year 2019.

Top Companies Profiled in the Report:

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, among others.

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Competitive Landscape:

The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, merger and acquisitions, collaborations, and joint ventures to gain robust footing in the market.

Casting and Splinting Market Segmentation:

Product Type Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

• Castings
  • Plaster Casts
  • Casting Plates
  • Cast Cutters
  • Others
• Splitting
  • Fiberglass Splints
  • Plaster Splints

 

Material Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

• Polyester
• Polyethylene
• Fiberglass
• Plaster of Paris
• Others

Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

• Hospitals
• Clinics
• Ambulatory Surgical Centers

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Regional Outlook of the Global Casting and Splinting Market

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • India
  • China
  • Japan
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Argentina
  • Peru
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • Saudi Arabia
  • South Africa
  • U.A.E
  • Rest of Middle East & Africa

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