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Market Overview:
The Casting & Splinting (Supplies & Equipment) Market size is estimated to reach $4.4 billion by 2030, growing at a CAGR of 5.9% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “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 - Global Opportunity Analysis & Industry Forecast, 2024-2030”
Rising participation in sports and physical activities leads to more injuries requiring treatment and Expansion of healthcare infrastructure increases access to orthopedic services are fueling the growth of the Casting & Splinting (Supplies & Equipment) industry during the forecast period.
Asia Pacific Dominated the Market in 2023:
Asia Pacific accounted for the largest share of 34% of the Casting & Splinting (Supplies & Equipment) Market in 2023. Increasing incidence of bone fractures and musculoskeletal conditions, fueled by the aging population and a rising number of road accidents drive the Casting & Splinting (Supplies & Equipment) market in Asia Pacific. Additionally, the region's expanding healthcare infrastructure and improved access to advanced medical devices contribute to the growing demand for casting and splinting supplies. Increased awareness about orthopedic care and technological innovations in medical products further enhance the market's growth potential, making Asia Pacific a key player in the global orthopedic sector.
Casting & Splinting (Supplies & Equipment) Market: Key Takeaways
Rising Incidence of Musculoskeletal Injuries Drives Demand for Casting and Splinting Solutions:
The rising incidence of musculoskeletal injuries, particularly due to an aging population and an increase in sports-related activities, is significantly driving demand for casting and splinting solutions. As healthcare providers address bone fractures, ligament injuries, and joint dislocations, the need for advanced casting materials and splinting equipment is growing. Moreover, advancements in lightweight and durable materials improve patient comfort and recovery times, further boosting market adoption. Increased awareness of early diagnosis and treatment of orthopedic conditions is also contributing to the heightened demand for these solutions, as healthcare systems prioritize efficient and effective treatment options for musculoskeletal disorders.
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Increasing Geriatric Population Contributes to a Higher Need for Orthopedic Care:
The growing geriatric population is driving demand for orthopedic care, particularly in casting and splinting supplies. The UN projects the global population aged 65 and older to more than double from 761 million in 2021 to 1.6 billion by 2050. As people age, they face higher risks of fractures, musculoskeletal disorders, and osteoporosis, leading to increased use of orthopedic products like casts and splints. This surge has prompted manufacturers to innovate, catering to the rising prevalence of bone-related conditions and ensuring consistent demand for advanced medical solutions in the casting and splinting market.
Scope of the Report:
Casting & Splinting (Supplies & Equipment) Market: Competitive Landscape
Key companies profiled in the Casting & Splinting (Supplies & Equipment) Market are DeRoyal Industries, Performance Health, Zimmer Biomet, Bird & Cronin Inc., Stryker Corporation, Prime Medical Inc., Medi GmbH & Co. KG, BSN Medical GmbH, AliMed, Corflex Inc. and Others.
About IndustryARC™:
IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.
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IndustryARC
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