Casting and Splinting (Supplies and Equipment) Market Research Report by Application, Types, End-User, Regional Analysis and Forecast upto 2024 Demand for casting and splinting has significantly risen in the last few years, bolstered by the increasing incidence of sports, orthopedic, and musculoskeletal injuries. The aged are more prone to injuries, hence growth witnessed in the geriatric population globally will fuel overall prospects for the market in response. With the evolution of technology, producers are looking to use advanced materials for manufacturing casts and splints. This subsequently is expected to boost sales of casts and splints worldwide. The market however is likely to get restrained by the unfavorable reimbursement policies, as per Transparency Market Research (TMR). Nevertheless, in the near future the presence of high unmet needs in emerging economies will present attractive opportunities for vendors in the market. TMR pegs the overall value of the global casting and splinting market at US$1.8 bn in 2015. The market is poised to reach US$3.1 bn by the end of 2024. Demand for Cast Supplies will Remain High Through the Forecast Period The major products available in the market can be broadly classified into casting supplies and equipment and splinting supplies and equipment. Of these, the casting supplies and equipment segment held over 60% of the market in 2015. Castings are ubiquitous methods of treating bone fracture hence hold larger share in the market. The demand for casts is expected to surge at a steady pace due to the increasing number of traumatic and accident injuries. Demand from the segment will also rise due to the increasing osteoporotic geriatric population, particularly in countries with high population. The most common casting supplies and equipment available in the market include casting tapes, plaster casts, casting tools, and cast cutters. Of these, cast cutters held a share of 30% in the cast products market in 2015. Demand for cast supplies is expected to remain high through the forecast period. Companies such as 3M Healthcare, Stryker Corporation, BSN Medical GmBH exhibit the largest regional outreach with presence across diverse casting and splinting product categories. A few other prominent names operating in the market include AliMed, Bird & Cronin, Inc., Corflex, Inc., DJO, LLC, DeRoyal Industries, Inc., Orfit Industries n.v., Ă–ssur hf., Patterson Medical Holdings, Inc., Spencer Italia S.r.l., Stryker Corporation, and Zimmer, Inc. Browse full report on Casting and Splinting (Supplies and Equipment) Market http://www.transparencymarketresearch.com/casting-splinting-market.html
Asia Pacific Exhibits Conditions Conducive to Growth in Casts and Splints Sales Regionally, Asia Pacific has been exhibiting the highest prospects in the global casting and splinting market, followed by North America. Demand for casts and splints is visibly high in countries such as India, Korea, and China. The high incidence of osteoporotic hip fractures and road accidents in these countries has resulted in their lead in the Asia Pacific market for casts and splints. Many producers who manufacture affordable casting equipment in large-scale are domiciled across these countries thus gratifying the increasing demand in local and international markets. Furthermore, casts and splints are widely used in Asia Pacific, due to which, their price in the region is comparatively low. This has resulted in the increased demand for casts and splints and consequently has earned increased revenue for the region’s casting market. The regional market will also gain from the rapidly growing population in India and China. TMR finds the Asia Pacific market for casting and splinting stood at US$487.1 mn in 2014. Rising at a CAGR of 6.9% from 2015 to 2024, the market is expected to reach US$888.1 mn by the end of the forecast period. TMR projects North America to continue holding the second-largest share in the market during the forecast period. The increasing incidence of osteoporosis and musculoskeletal injuries in the region will aid expansion of the casting and splinting market in North America. 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 Plaster Casts Casting Tapes Cast Cutters Casting Tools and Accessories (Covers, Padding, Scissors, etc.) Splinting Supplies and Equipment Fiberglass Splints Plaster Splints 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 North America U.S. Canada Europe U.K. Germany Rest of Europe Asia Pacific India China Rest of APAC Rest of the World (RoW) Latin America
Middle East and Africa Request for sample of this report http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2447 About Us 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 Tel: +1-518-618-1030 USA – Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com