Clinic Casting and Splinting Products Market Scope 2030
The clinic casting and splinting products market size is projected to reach US$ 2,085.57 million by 2030 from US$ 1,383.42 million in 2022. The market is expected to register a CAGR of 5.3% during 2022–2030. The use of fiberglass and polyester material in casting and splinting offers high patient compliance in terms of easy removal, smooth lamination, and enhanced X-ray transparency that are likely to remain key trends in the market.
Clinic Casting and Splinting Products Market Analysis
Casts and splints are hard bandages used to protect and support injured bones, tendons, ligaments, and other tissues. The growing demand for casting and splinting products is because of the increasing number of traumatic injuries in accidents thereby leading to market growth. Technological breakthroughs, including advances in automation and artificial intelligence, are revolutionizing production processes, leading to greater efficiency and lower costs. Additionally, the growing number of e-commerce and digital platforms is expanding market reach and facilitating convenient access for consumers worldwide.
Clinic Casting and Splinting Products Market Overview
The rising number of musculoskeletal problems resulting from sports and adventure injuries have, increased the demand for casts and splinting products thereby boosting market growth. In addition, the increasing number of musculoskeletal injuries due to traffic accidents is a crucial factor for growth. Additionally, companies are increasingly focusing on sustainability initiatives such as carbon footprint reduction, recycling initiatives, and the use of eco-friendly materials to meet growing consumer demand for eco-friendly products. Additionally, with the proliferation of online shopping, e-commerce has become a dominant force in the clinical cast and splint products market. Companies are investing in robust e-commerce strategies to reach wider audiences and improve customer experiences.
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Clinic Casting and Splinting Products Market: Strategic Insights
Clinic Casting and Splinting Products Market
-
![CAGR](https://www.theinsightpartners.com/assets/images/rd_int_img/cagr.png)
CAGR (2022 - 2030)
5.3%
-
Market Size 2022
US$ 1,383.42 Million
-
Market Size 2030
US$ 2,085.57 Million
Market Dynamics
GROWTH DRIVERS
- Rising Prevalence of Musculoskeletal Conditions
- High Prevalence of Age-Related Orthopedic Disorders
FUTURE TRENDS
- Advances in casting and casting materials related to fiberglass is likely to act as future trends for the clinic casting and splinting products market
OPPORTUNITIES
- Advancements in 3D Technology in Casting and Splinting
Key Players
- DeRoyal Industries
- Prime Medical Inc
- 3M Co
- Corflex Inc
- Essity AB
- Ossur hf
- Dynatronics Corporation
- Performance Health Holding Inc
- Enovis Corp
- Zimmer Biomet Holdings Inc
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Product {Casting
- Casts
- Tapes
- Cutters
- Casting Accessories
- Splinting
Application
- Acute Fractures or Sprains
- Tendon and Ligament Injuries
- Others
Material
- Plaster of Paris
- Fiberglass
- Others
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Clinic Casting and Splinting Products Market: Strategic Insights
-
CAGR (2022 - 2030)5.3% -
Market Size 2022
US$ 1,383.42 Million -
Market Size 2030
US$ 2,085.57 Million
![The Insight Partners - Logo](https://www.theinsightpartners.com/assets/images/rd_int_img/tip-logo.jpg)
Market Dynamics
- Rising Prevalence of Musculoskeletal Conditions
- High Prevalence of Age-Related Orthopedic Disorders
- Advances in casting and casting materials related to fiberglass is likely to act as future trends for the clinic casting and splinting products market
- Advancements in 3D Technology in Casting and Splinting
Key Players
- DeRoyal Industries
- Prime Medical Inc
- 3M Co
- Corflex Inc
- Essity AB
- Ossur hf
- Dynatronics Corporation
- Performance Health Holding Inc
- Enovis Corp
- Zimmer Biomet Holdings Inc
Regional Overview
![Regional Overview](https://www.theinsightpartners.com/assets/images/rd_int_img/ig-regional.png)
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
![Market Segment](https://www.theinsightpartners.com/assets/images/rd_int_img/cust_bullet_danger.png)
- Casts
- Tapes
- Cutters
- Casting Accessories
- Splinting
![Market Segment](https://www.theinsightpartners.com/assets/images/rd_int_img/cust_bullet_warning.png)
- Acute Fractures or Sprains
- Tendon and Ligament Injuries
- Others
![Market Segment](https://www.theinsightpartners.com/assets/images/rd_int_img/cust_bullet_primary.png)
- Plaster of Paris
- Fiberglass
- Others
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Clinic Casting and Splinting Products Market Drivers and Opportunities
High Prevalence of Age-Related Orthopedic Disorders
Arthritis, osteoarthritis, rheumatoid arthritis, bursitis, elbow pain, and fractures are among the most common orthopedic disorders. Among these, arthritis, osteoporosis, and fractures are a few common problems faced by older people. Osteoporosis is one of the most common bone system diseases that is linked to a high risk of bone fracture, resulting in various complications in the patients. The prevalence of osteoporosis is expected to increase with age and has therefore become a serious problem among the elders. According to a study by National Library of Medicine, in 2020, the prevalence of osteoporosis among elders in Spain and China was 39.3% and 39.4%, respectively. The World Health Organization (WHO) recognizes osteoporosis as the second largest global healthcare problem. According to UN DESA’s Population Division, the number of individuals aged 65 years and above is estimated to increase from 761 million in 2021 to 1.6 billion by 2050. Therefore, the rising prevalence of orthopedic disorders among the aged population propels the demand for casting and splinting products.
Advancements in 3D Technology for Casting and Splinting Products
The rapid development of 3D printing implies fast penetration 3D printing techniques into the healthcare system, especially for treating fractures. In rehabilitation tool manufacturing, 3D printing technology is applied to orthopedic cast fabrication to create patient-specific features with an appropriate fit and a ventilated structure. 3D printing makes the fabrication process simpler and in shorter period, especially in a customized design. On that account, the application of 3D printing in biomedical engineering is growing and promising to be practiced in the future. Also, the customizable hand cast made by using 3D printing technique is reliable and provides comfort and satisfaction to the patients. The 3D-printed cast proved to be superior in terms of satisfaction, comfort, and perceived function as compared to the fiberglass. Thus, the above-mentioned factors would create significant opportunities for the clinic casting and splinting products market in the coming years.
Clinic Casting and Splinting Products Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Clinic Casting and Splinting Products market analysis are product, application, and material.
- Based on product, the clinic casting and splinting products market is bifurcated into casting and splinting. The casting segment held the largest market share in 2022 because when it comes to serious fractures, orthopedic casts are usually the best option and they are typically made from stronger materials than splints, making them more durable and less likely to break or come loose. However, splinting segment is expected to register highest CAGR during the forecast period.
- By application, the market is segmented into acute fractures or sprains, tendon and ligament injuries, and others. The acute fractures or sprains segment held the largest share of the market in 2022 and is anticipated to register highest CAGR during 2020–2030.
- Based on material, the clinic casting and splinting products market is segmented into fiberglass, plaster of Paris, and others. The plaster of Paris segment held the largest market share in 2022. However, fiberglass segment is expected to register highest CAGR during the forecast period.
Clinic Casting and Splinting Products Market Share Analysis by Geography
The geographic scope of the clinic casting and splinting products market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the clinic casting and splinting products market. Factors leading to the growth of the clinic casting and splinting products market in North America are the rising rates of musculoskeletal injuries and growing geriatric population and associated orthopedic disorders. In addition, the reimbursement regulations in the region also enable access to pricey casting and splinting equipment, supporting market growth. In North America the US held the largest market share in 2023. As per the United States Bone and Joint Initiative (USBJI), in the US approximately three out of four people 65 and over and one in every two persons 18 and above is affected by musculoskeletal diseases. Corresponding to the data by the Centers for Disease Control and Prevention (CDC), the number of adults 65 or above is anticipated to reach 80.8 million and 94.7 million by 2040 and 2060 respectively, which would make up nearly 25% of the US population. Thus, the rising prevalence of musculoskeletal conditions and osteoporosis will boost the demand for casting and splinting products in the US.
Clinic Casting and Splinting Products Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 1,383.42 Million |
Market Size by 2030 | US$ 2,085.57 Million |
Global CAGR (2022 - 2030) | 5.3% |
Historical Data | 2020-2021 |
Forecast period | 2022-2030 |
Segments Covered |
By Product {Casting
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Clinic Casting and Splinting Products Market News and Recent Developments
The clinic casting and splinting products market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the clinic casting and splinting products market are listed below:
- 3M Health Care launched the Scotchcast One-Step Splint, a lightweight and breathable splint designed to immobilize fractures and other injuries. The splint can be applied in a single step and easily removed for re-adjustment. (Source: 3M, Press Release, July 2021)
- Össur Americas acquired College Park Industries, a prosthetic feet, ankles, and knees manufacturer. The acquisition aimed to expand Össur Americas' product offerings in the prosthetics market. (Össur, Press Release, June 2020)
Clinic Casting and Splinting Products Market Report Coverage and Deliverables
The “Clinic Casting and Splinting Products Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
- Clinic casting and splinting products market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Clinic casting and splinting products market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Clinic casting and splinting products market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the clinic casting and splinting products market
- Detailed company profiles
![Report Coverage](https://www.theinsightpartners.com/assets/rdimages/report_coverage.png)
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
Product, Application, and Material
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
5.3% is the CAGR of the clinic casting and splinting products market.
US$ 2.20 billion would be the estimated value of the clinic casting and splinting products market by 2031.
Dynatronics Corporation and DeRoyal Industries are the leading players operating in the clinic casting and splinting products market.
Advances in casting and casting materials related to fiberglass is likely to act as future trends for the clinic casting and splinting products market.
The rising prevalence of musculoskeletal conditions and high prevalence of age-related orthopedic disorders are the driving factors impacting the clinic casting and splinting products market.
The North America region dominated the clinic casting and splinting products market in 2023.