Casting and Splinting Market 2024
The most prominent companies in the market are currently focusing on strategic mergers and acquisitions to expand their presence globally. These enterprises are also vying to expand their businesses across emerging economies and increase their product offerings to gain the lion’s share in the market.
Rising Incidence of Accidents and Traumatic Injuries Creates Opportunities for Casts and Splints Sale
The demand for splint and casts is rising in response to the increasing incidence of orthopedic, sports, and musculoskeletal injuries globally. Since old people are more prone to injuries, the rising in geriatric population will boost opportunities for casts and splints sale. Furthermore, leading producers have started using advanced materials for manufacturing casts and splints in order to pace up with the evolution of technology. This has also helped in boosting the demand for casting and splinting supplies.
View the report @ http://www.transparencymarketresearch.com/casting-splinting-market.html
“However, unfavorable reimbursement policies and health insurance covers have been acting against the market’s growth prospects,” said a lead TMR analyst. “The lack of government as well as private insurance cover also limits opportunities for the market across developing countries such as India and Brazil,” he added.
Nevertheless, since there is little likelihood for the occurrence of road accidents and sports related to reduce in the near future, the demand for casting and splinting supplies is expected to remain high in Asia Pacific and Latin America. Besides this, the increasing incidence of orthopedic disorders, trauma, and injuries in developing countries such as India, Brazil, and China will provide considerably openings for vendors to capitalize on.
Demand for Splinting Supplies and Equipment Projected to Increase in Forthcoming Years
By products, the global casting and splinting market can be bifurcated into splinting supplies and equipment and casting supplies and equipment. Of these, the demand for casting equipment and supplies is projected to increase at a substantial pace. The segment also accounted for the dominant share in the market and is projected to rise at a CAGR of 5.6% between 2016 and 2024. In this segment, demand for cast cutters is expected to rise in the highest CAGR during the forecast period.
However, as per TMR analysis, growth exhibited by the splinting equipment and supplies segment is expected to be at a higher. Between 2016 and 2024, the splinting equipment and supplies segment is expected to rise to a CAGR of 6.9%. A large number of orthopedics are now preferring splints than casts because of better breathing offered by the former. Moreover, splints are also easier to apply, which is fuelling their demand globally.
Asia Pacific to Remain the Most Lucrative Market for Casts and Splints
Regionally, Asia Pacific has been demonstrating the most lucrative prospects for the global casting and splinting market. The region sealed its dominance in the global market with a share of 26.7% in 2015. As per TMR, due to the presence of a large number of cast and splint supplies manufacturers in Asia Pacific, the region is likely to continue its position as a market leader through the forecast period. The presence of a large pool of geriatric population, combined with the increasing awareness about osteoporosis, will boost the Asia Pacific casting and splinting supplies market at 6.9% from 2015 to 2024.
Prospects for the market in North America will also remain lucrative through the forecast period.
As per Transparency Market Research, the global casting and splinting market stood at US$1.8 bn in 2015. Rising at a CAGR of 6.1% between 2016 and 2024, the market is expected to reach US$3.1 bn by the end of 2024.
The report has been published based on information published by Transparency Market Research in a report, title “Casting and Splinting (Supplies and Equipment) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024.”
Get accurate market forecast and analysis on the Casting and Splinting Market. Request a sample to stay abreast on the key trends impacting this market.
The global casting and splinting (supplies and equipment) market is segmented as follows:
Global Casting and Splinting (Supplies and Equipment) Market, by Product Type
Casting Supplies and Equipment
Casting Tools and Accessories (Covers, Padding, Scissors, etc.)
Splinting Supplies and Equipment
Other Splints (Polyester, Neoprene, Plastic, Metal, etc.)
Splinting Tools and Accessories (Covers, Padding, Fasteners, etc.)
Global Casting and Splinting (Supplies and Equipment) Market, by Geography
Rest of Europe
Rest of APAC
Rest of the World (RoW)
Middle East and Africa
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
USA – Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Casting and Splinting Market 2024 here
News-ID: 555437 • Views: 483
More Releases from Transparency Market Research
Ambient Food Packaging Market to Register Substantial Expansion in Next 5 Years …
Ambient food packaging refers to packing a food product in pasteurised and sterilized packs to increase its shelf life. Ambient food packing has become a trend in the food packaging industry and ambient food products are preferred by majority of the consumers over others. Increasing demand for having more empty space in chill cabinets calls for the adoption of the food packaging methods that can offer a better shelf life
Horizontal Fan Coil Market is set to Garner Staggering Revenues by 2027 - TMR
Global Fan Coil Unit Market: Overview According to a new market report pertaining to the global fan coil unit market published by Transparency Market Research the global fan coil unit market is anticipated to reach volume of 11,378.2 thousand units by 2027. The fan coil unit market is projected to expand at a CAGR of 3.6 % from 2019 to 2027 in terms of sale. Growth of the fan coil unit
RTC IC Market – Opportunities in Key Application Sectors by 2029
Global Real-time Clock (RTC) IC Market: Introduction Transparency Market Research delivers key insights on the global real-time clock (RTC) IC market. In terms of revenue, the global real-time clock IC market is estimated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in its report on the global real-time clock IC market. A real-time clock IC is a
Healthcare Packaging Market: Explore Top Factors that Will Boost the Global Mark …
Healthcare Packaging Market: Introduction The latest report published by Transparency Market Research on the global healthcare packaging market, includes global industry analysis, share, size, growth trends and forecast for 2021-2029. The current value of the global healthcare packaging market is US$ 100 Bn and is anticipated to expand to US$ 155 Bn by the year 2029. Growth of the pharmaceutical industry and high demand for medicinal supplies & drugs have created
More Releases for Cast
David Banks Joins Halloween Party Cast
LOS ANGELES, CA (October 18, 2011) David Banks will join Elle Newlands, Chris Pentzell, Andrea Leithe, Danny Pardo, and Julia Silverman in the new film Halloween Party. At her best friend's urging, Erin, a single girl, attends her friends Halloween party-hoping as always, to find her perfect mate. But when she arrives, she discovers nearly everyone else there is part of a couple, OR she's already dated them. But the worst
Pivot Bearing Insert allows Die Cast Hinges
The Pivot Bearing Insert (PBI) is a revolutionary new die casting invention that allows movable linkages (e.g. hinges or joints) to be made entirely in a single die casting step. Before the PBI, it was not possible to create movable hinges by simple die casting. The aluminum PBI is composed of two prefabricated cup-like parts inserted into one another. The PBI is a sealed, permanently lubricated, and freely
Twilight’s Gil Birmingham Joins Crooked Arrows Cast
LOS ANGELES, CA (July 20, 2011) –Gil Birmingham, known for his role as Billy Black in the Twilight Saga films, will join Superman Returns Brandon Routh in the film Crooked Arrows, a story about a Native American high School Lacrosse team forced to compete against a better equipped and trained local prep school team. Birmingham will play the tribal chairman and father of the entrepreneurial son played by Routh. The
CONNOR FOX CAST IN SHOUTING SECRETS
Los Angeles, CA (April 28, 2010)- Award-winning actor Connor Fox, has officially signed on to play the role of Brody in the Korinna Sehringer film “Shouting Secrets” which started shooting in Arizona on April 26th. Fox will join Twilight Saga actors Gil Birmingham and Chaske Spencer as well actress, Q'orianka Kilcher (“The New World”), in this film about a successful young writer in Los Angeles who is called back
Hexis launches carbon cast film
Hexis has launched a new cast vinyl with a carbon fibre look destined for wrapping applications. The company is promoting the new line with a dedicated mini-site: ilovehx.com. Part of the HX30000 Series, the “Carbon Cast” is a multi-layered 135µm cast vinyl film with a carbon fibre embossed pattern. It carries the proven solvent-based adhesive and a structured PE liner with Hex’Press technology that allows convenient air egress during application. With
Willie Macc helps complete cast of "Incomplete"
Los Angeles, CA - May 28, 2008 - Actor / Comedian Willie Macc has joined the cast of \"Incomplete\", a romantic comedy centered around two youth church choirs, one African American and one Latino who are merging. Best known as the funnyman on the hit Reality TV show, BET \"College Hill Virgin Islands\", Willie Macc has also appeared on the small screen in CSI and Journeyman. Still a newcomer to