Casting and splinting are commonly used orthopedic techniques, among them, splinting is the preffered method of fracture immobilization for simple fractures whereas casting is the preffered treatment for most of the fractures.
Cast and splint promote healing, bone allignment, protect injured joints, reduces pain and compensate for the muscular weakness. Prolonged application of casts and splints could lead to complications like heat injury, infection, dermatitis, joint stiffness, etc. Standard materials and equipments used for casting and splinting include adhesive tapes, bandage scissors, casting gloves, elastic bandage, padding, plaster, fiberglass, coating material, stoicknette, underpads, etc. Fiberglass is a vastly used cast due to less maintenance and lighter weightNowdays, incidence of road accidents has been increased, so as the demand of the casting and splinting product. According to NSC (national safety council) 4.
6 Million people were affected by road accidents in the year of 2016 in the USA. Demand of the advanced products made of different material for better treatment and rapid recovery, is expected to drive casting and splinting market in coming years. Also the rise in numbers of the aged population, and the susceptibility to orthopedic injuries, this population is expected to raise demand for casting and splinting. Increased competition, developed techniques, and cost containment have focused the casting and splinting industry’s attention on creating value products for payers and patients rather than generating revenue by investing in research and innovation. Companies looking for advanced solutions to provide value with efficiency. According to USA’s International trade Administration Japan, Canada, European union (EU) are the lucrative export market for orthopodic products however, have relatively low (3% to 5%)annual growth rates. In order to expand companies need to look at developing countries.
Casting and Splinting market is segmented by product type (casts, and splints), by region (North America, Europe, Asia Pacific, and Rest of the World). Asia pacific is leading the market share due to the densely populated countries like China, India owing more road accidents, sports injuries, and orthopedic injuries. That allow more usage and production of cast and splint and manufacturing cost in the region is low.
Region has huge manufacturing facilities which can produce products in large quantity that can meet global demand. Low manufacturing cost attracting investors to the region.Casting and splinting market is majorly aquired by these players: 3M Healthcare, Zimmer Inc, DeRoyal Industries, BSN Medical, AliMed, Corflex Inc., and the reason behind their high share is the strategies they have adopted to gain market include custemer friendly offerings and their presence in large populated countries of Asia Pacific.