Dublin, Feb. 13, 2023 (GLOBE NEWSWIRE) -- The "Orthopedic Splints and Casts Market - Global Outlook & Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global orthopedic splints and casts market is expected to grow at a CAGR of 6.06% from 2021 to 2027. There is a growing Demand For 3D Printed Casts & Splints.
The area of orthopedic medicine is best suited for this technology, and the current approach comes in creating orthotics, prosthetics, custom complete joint arthroplasty implants, and others.
Orthopedics is one of the most speedily advancing fields in medicine. With musculoskeletal problems, new technology and treatment are developing yearly to aid patients. 3D-printed orthoses allow digital technology to enhance the patient's experience while delivering appropriate immobilization.
By scanning the limb, the fit of the cast matches the patient's exact anatomy. This prevents pressure points and allows for open areas over wounds or incisions. Interestingly, a 3D cast model has been developed, incorporating a bone stimulator directly into its design.
Many emerging companies in the orthopedic splints and casts market are developing 3D-printed splints & casts. For instance, ActiveArmour, a leading global company in 3D printed casting/splinting, designs a wholly individualized and fitted splint based on the physician's specific positioning and instructions for each patient's unique needs.
Introduction of Spray-Based Form Splint
Inventions for fixing broken bones are offered to companies wishing to license and commercialize them. Dr. Army orthopedic surgeon Kevin Martin developed and tested a new approach using fast-curing foam. Polyurethane foam is sprayed directly onto the skin, eliminating the need for nasty and unsanitary cotton swabs.
Medications such as antibiotics, pain relievers, and coagulants can be added to the foam. Note that fractures can be fixed without manipulation, which reduces the chance of secondary tissue damage, bleeding, and infection. This new process is also unique. Early studies show that spray foam splints offer better fracture resistance and are easier to apply than traditional splints.
The introduction of this innovative concept around orthopedic medicine in the orthopedic splints and casts market can be a game changer because of its benefits over conventional orthopedic splints and casts. The emergence of the spray-based form splint is offering leading players and start-ups to develop orthopedic splints & casts with the help of polyurethane spray in the orthopedic splints & casts.
Increasing Target Patient Population
The number of older people is expected to double by 2050 to 1.5 billion. Globally, the population aged 65 and over has risen from 6% in 1990 to 9% in 2019. Orthopedic diseases and injuries affect the musculoskeletal system. This body's system includes muscles, bones, nerves, joints, ligaments, tendons, and other connective tissues. Chronic orthopedic disease or injury can damage these tissues or structures.
Worldwide, 1.3 million people die yearly in road accidents, 70% of which occur in developing countries. Pedestrians are involved in 65% of deaths, 35% of which are children. Twenty to 50 million people have suffered non-fatal injuries in road accidents. These non-fatal injuries lead to fractures, bone damage, or other severe orthopedic problem.
Therefore, a large target patient population, such as osteoporosis, fractures, arthritis, and road accident injury, has led to splinting and casting to heal the damaged part of the body. The technological advancements in splints and casts are helping even faster to recover or heal the injured body part.
Thus, the increasing prevalence of aging, musculoskeletal disorders, sports, injury, and road accident injuries has boosted the orthopedic splints and casts market.
Vendor Landscape
Many international, regional, and local vendors characterize the global orthopedic splints and casts market. Essity Medical Solutions, 3M, Breg, envois, DeRoyal Industries, Bauerfeind, and Tynor are the key players in the orthopedic splints and casts market. Prime Medical, Datta Mediproducts, Bird & Cronin, Performance health, DUK-IN, medi, Orthosys, and Alimed have a significant presence in respective regions and countries.
Some small start-ups and regional players are also trying to compete in advanced orthopedic splints and casts. Larger healthcare companies tend to acquire, invest in, or partner with these SMEs to diversify their products and participate in digital health.
Key Company Profiles
- Essity Medical Solutions
- 3M
- Enovis
- Breg
- DeRoyal Industries
- Bauerfeind
Other Prominent Vendors
- ALCARE
- Frank Stubbs Company
- Weber Orthopedic LP. DBA Hely & Weber
- medi
- Carolina Narrow Fabric
- Thuasne Group
- Trulife
- Tynor
- Orthosys
- DUK-IN
- Performance Health
- AliMed
- Lohmann & Rauscher
- Elite Orthopaedics
- Allard USA
- BraceAbility
- VISSCO REHABILITATION
- Bird & Cronin
- Datt Mediproducts
- Prime Medical
Key Questions Answered:
1. How big is the orthopedic splints and casts market?
2. What is the growth rate of the global orthopedic splints and casts market?
3. Which region holds the most prominent global orthopedic splints and casts market share?
4. Who are the key players in the orthopedic splints and casts market?
5. What are the growth opportunities in the orthopedic splints and casts market?
Report Metrics:
| Report Attribute | Details |
| No. of Pages | 292 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value (USD) in 2021 | $2347.3 Million |
| Forecasted Market Value (USD) by 2027 | $3341.81 Million |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | Global |
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.1.3 Market Estimation Caveats
4.2 Base Year
4.3 Scope of the Study
4.3.1 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Premium Insights
7.1 Market Overview
7.1.1 Market Dynamics
7.1.2 Market Segmentation
7.1.3 Vendor Analysis
8 Introduction
8.1 Overview
8.1.1 Musculoskeletal Disorders Statistics
9 Market Opportunities & Trends
9.1 Growing Demand for 3D-Printed Casts & Splints
9.2 Availability of Wider Product Portfolio of Splints & Casts by Vendor
9.3 Introduction of Spray-Based Form Splints
10 Market Growth Enablers
10.1 Increasing Target Patient Population
10.2 Rising Adoption of Fiberglass Casts & Splints
10.3 Paradigm Shift Toward Outpatient Orthopedic Care
11 Market Restraints
11.1 Complications Associated with the Use of Splints and Casts
11.2Alternative Treatment Options for Orthopedic Disorders & Conditions
11.3 Lack of Product Differentiation Coupled with Pricing Pressure
12 Market Landscape
12.1 Market Overview
12.2 Market Size & Forecast
12.2.1 Insight by Product Segmentation
12.2.2 Insight by Material Segmentation
12.2.3 Insight by Body Part Segmentation
12.2.4 Insight by End-Users Segmentation
12.2.5 Insight by Geography Segmentation
12.3 Five Forces Analysis
12.3.1 Threat of New Entrants
12.3.2 Bargaining Power of Suppliers
12.3.3 Bargaining Power of Buyers
12.3.4 Threat of Substitutes
12.3.5 Competitive Rivalry
13 Product
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Casts
13.3.1 Market Overview
13.3.2 Market Size & Forecast
13.3.3 Market by Geography
13.4 Splint
13.4.1 Market Overview
13.4.2 Market Size & Forecast
13.4.3 Market by Geography
14 Materials
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Synthetic Splints & Casts
14.3.1 Market Overview
14.3.2 Market Size & Forecast
14.3.3 Market by Geography
14.4 Plaster of Paris Splints & Casts
14.4.1 Market Overview
14.4.2 Market Size & Forecast
14.4.3 Market by Geography
15 Body Part
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Upper Body
15.3.1 Market Overview
15.3.2 Market Size & Forecast
15.3.3 Market by Geography
15.4 Lower Body
15.4.1 Market Overview
15.4.2 Market Size & Forecast
15.4.3 Market by Geography
16 End-User
16.1 Market Snapshot & Growth Engine
16.2 Market Overview
16.3 Orthotic & Orthopedic Clinics
16.3.1 Market Overview
16.3.2 Market Size & Forecast
16.3.3 Market by Geography
16.4 Hospital
16.4.1 Market Overview
16.4.2 Market Size & Forecast
16.4.3 Market by Geography
16.5 Others
16.5.1 Market Overview
16.5.2 Market Size & Forecast
16.5.3 Market by Geography
17 Geography
18 APAC
19 Europe
20 North America
21 Latin America
22 Middle East & Africa
23 Competitive Landscape
23.1 Competition Overview
23.2 Market Share Analysis
24 Key Company Profiles
25 Other Prominent Vendors
26 Report Summary
26.1 Key Takeaways
26.2 Strategic Recommendations
27 Quantitative Summary
28 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/f01764
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