Orthopedic Splints and Casts Market Explore with Global Top Players - Essity Aktiebolag - BSN Medical, DJO Global, Inc., Zimmer Biomet Holdings, Inc., Ossur Americas, Inc., Prime Medical, Inc. And Others

Orthopedic splints and casts are orthopedic devices used to protect and support fractured bones and joints. Casts and splints are made from fiberglass or plaster, and can be easily molded to the shape of injured arms or legs. The casts are designed to provide functional support to fractures and soft tissue injuries, allowing enhanced flexibility and mobility with semi-rigid form, thus reducing immobilization-related problems such as atrophy or joint stiffness, thus shortening the healing process.

The global orthopedic splints and casts market size was valued at US$ 2,160.6 million in 2017, and is expected to exhibit a robust CAGR of 6.1% over the forecast period (2018 – 2026). The global orthopedic splints and casts market is expected to be driven by increasing incidence of age-related osteoporotic fractures, musculoskeletal conditions, and trauma caused due to road accidents and falls.

Major players operating in the global orthopedic splints and casts market include Essity Aktiebolag - BSN Medical, DJO Global, Inc., Zimmer Biomet Holdings, Inc., Ossur Americas, Inc., Prime Medical, Inc., DeRoyal Industries, Inc., Alimed, Inc., 3M, Orfit Industries N.V., and Corflex, Inc.

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Increasing incidence of musculoskeletal conditions to drive growth of the market

Growing prevalence of musculoskeletal diseases such as arthritis and osteoporosis, which are associated with growing geriatric population, is expected to drive growth of the orthopedic splints and casts market.

According to International Osteoporosis Foundation statistics, 2017, an estimated 8.9 million fractures are caused annually by osteoporosis, resulting in an osteoporotic fracture every 3 seconds, with around 1.6 million hip fractures occurring globally each year, the number of which is expected to reach 4.5 million by 2050.

Also, according to the World Health Organization (WHO), 2013, around 28.2% of the global population aged 60 years and above, suffered from osteoarthritis with an estimated 80% people recorded with mobility handicaps. Furthermore, WHO also states that increasing life expectancy and growing geriatric population is expected to increase the prevalence of osteoarthritis and is expected to be the fourth most common cause of disability by 2020.

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