The market for casting and splinting is expected to experience rapid growth over the forecast period, owing to the rising number of sports and vehicular accidents and other injuries, which in turn, is resulting in an increasing number of musculoskeletal problems among the populace.
Market Size – USD 2,513.7 Million in 2019, Market Growth – CAGR of 6.1%, Market Trends – High demand from developing nations.
The global Casting and Splinting Market is forecasted to reach USD 4,052.0 Million by 2027, according to a new report by Reports and Data. Surging demand for casting and splinting products in various shapes & sizes expedites the growth of the casting and splinting market. These items provide the wounded component with added support and warmth, thus growing the need for casting and splinting. Besides, increasing accessibility of such goods with the obtainability of several raw materials, including polyethylene, polyester, and fiberglass, should foster demand for casting & splinting products.
Key companies operating in the market and profiled in the report include:
Svenska Cellulosa Aktiebolaget (SCA), 3M Healthcare, Corflex Inc., Prime Medical Inc., Patterson Medical Holdings Inc., Bird & Cronin Inc., DeRoyal Industries, BSN Medical GmbH, and AliMed,
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The report is an investigative study that determines market growth and market scope on the basis of market trends, consumer behavior shifts, consumption and production patterns, product portfolio offered by the market, growth rate, drivers and constraints, financial positions, and existing challenges and limitations of the Casting and Splinting market.
The report discusses in detail the global production capacity, demand and supply ratio, market dynamics, and comprehensive analysis of the competitive landscape. It provides an industry-wide analysis of the market share of each players along with their business portfolio, production and manufacturing capacity, product portfolio, business expansion plans, financial standing, and strategic alliances such as mergers and acquisitions, joint ventures, and collaborations, among others.
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The Casting and Splinting market takes into account major geographical locations such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa to offer key insights into market growth, market size, market share, revenue growth, current and emerging trends, supply and demand ratio, import/export, consumer demand and behavior, and presence of key players in each region. The report offers an in-depth country wise analysis to impart better understanding of the market and its growth prospects.
Segments Covered in the report
Product Type Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- Castings
- Plaster Casts
- Casting Plates
- Cast Cutters
- Others
- Splitting
- Fiberglass Splints
- Plaster Splints
Material Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- Polyester
- Polyethylene
- Fiberglass
- Plaster of Paris
- Others
Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- Hospitals
- Clinics
- Ambulatory Surgical Centers
Key Regions Analyzed in the Report include:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
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Furthermore, it consists information about individual segment of the Casting and Splinting market based on the types and application. The report also offers insights about the key segments expected to register significant revenue growth over the forecast period and primary trends influencing their growth. It also offers CAGR and market share values for each segment to provide clear understanding of demand and trend in the global market.
Further key findings from the report suggest
- Based on product type, splinting products generated a revenue of USD 1,114.0 million in 2019 and is expected to grow with a CAGR of 5.5% in the forecast period, owing to benefits associated with them such as manufacturing ease of plastic splints, which allows fast customization of splints coupled with high versatility and strength of neoprene splints.
- The polyethylene material is expected to grow with a CAGR of 6.2% in the forecasted period, owing to its superior properties, including low strength, hardness, and rigidity, but has high elasticity and impact strength as well as low friction, thereby making it suitable for a wide variety of applications.
- The application of Casting and Splinting in hospitals majorly contribute to market growth. The commercial sector of the Asia Pacific region is the major shareholder of the market and held around 36.0% of the market in the year 2019, owing to the rising number of road accidents and other body injuries.
- The Asia Pacific dominated the casting & splinting market in 2019. Factors driving the demand are the strong emphasis the region places on cost-effective and advanced procedures applied in the industry. The Asia Pacific area controlled approximately 46.0% of the market, followed by North America, which contains around 23.0% market in the year 2019.
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