Orthopedic Splints and Casts Market Use of Technology In The Industry - Essity Aktiebolag - BSN Medical, DJO Global, Inc., Zimmer Biomet Holdings, Inc., Ossur Americas, Inc., Prime Medical, Inc., DeRoyal Industries, Inc.

Global orthopedic Splints and Casts Market, by Product Type (Casts and Splints), by End User (Hospitals, Orthopedic Clinics, and Ambulatory Surgical Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 2,160.6 million in 2018 and is expected to exhibit a CAGR of 6.1% over the forecast period (2020-2027).

The orthopedic splints and casts market is expected to witness significant growth over the forecast period, owing to manufacturers in the market that are focused on developing cost-effective fiberglass casts and splints with innovative design and by utilizing biocompatible materials.

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Increasing incidence of trauma due to accidents and falls is expected to augment the market growth over the forecast period.

The increasing incidence of trauma related with road accidents, falls, and sports injuries causing severe skeletal injuries are expected to fuel the orthopedic splints and casts market growth over the forecast period. For instance, according to the Global Burden of Disease report published by Lancet in 2015, road injuries is one of leading causes of trauma, amongst other 20 causes, globally.

Moreover, according to the World Health Organization factsheet 2020, road accidents cause around 20 million and 50 million injuries each year, globally and is the leading cause of death among people aged 15-29 years. Furthermore, over 1.25 million people die each year as a result of road traffic crashes.

In addition, falls from height cause serious injuries such as hip or knee fractures, bruises, and head trauma. For instance, according to the World Health Organization (WHO), 2020, around 37.3 million falls requiring medical attention were recorded, and around 646,000 individuals die from falls every year, across the globe.

Browse 38 Market Data Tables and 26 Figures spread through 163 Pages and in-depth TOC on “Orthopedic Splints and Casts Market, by Product Type (Casts and Splints), by End User (Hospitals, Orthopedic Clinics, and Ambulatory Surgical Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to 2027”

Moreover, key players are developing casts with open-lattice plastic design and through innovative technologies, which is expected to drive sales of casting and splinting products globally, thereby expected to propel the market growth over the forecast period. For instance, in 2016, Xkelet EasyLife SL, developed 3-D-printed casts by using its 3D printing technology and these casts are waterproof, can be customized, and a comfortable option to patients, where the scanner gathers specifications of the broken limb, and a design software program builds a personalized cast. In addition, printing casts eliminates the variability of hand molding, whereas the openings allow doctors to assess skin health at ease and ease the re-dressing of wounds, which is expected to reduce the number of follow-up visits. This is expected to increase adoption of these splints across medical facilities.

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Furthermore, BSN Medical introduced new fiberglass tape- Delta Lite Plus that combines fiberglass substrate and advanced water activated polyurethane resin system, which offers tack free properties, allowing for easy application and molding.

Key Takeaways of the Orthopedic Splints and Casts Market:

• The global orthopedic splints and casts market is expected to exhibit a CAGR of 6.1% over the forecast period, owing to the increasing number of trauma cases and musculoskeletal problems that are associated with the growing geriatric population, who are highly susceptible to bone fractures and osteoporosis

• Among product type, casts segment is expected to hold a dominant position in the orthopedic splints and casts market over the forecast period, as casts offer more effective immobilization compared to splints and are widely adopted to manage serious injuries

• Among end user, hospital segment is expected to hold a dominant position over the forecast period, owing to increasing number of surgical procedures performed in the medical setting and rising adoption of innovative orthopedic products

• Key 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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