The global cast saw devices market will gather attractive amount in the form of revenues during the forecast period of 2018 to 2026, according to a recently published report by Transparency Market Research (TMR). This growth is attributed to increased demand for cast saw devices from various end-users such as ambulatory surgery centers, hospitals, and clinics in the world.
The report performs the segmentation of the global cast saw devices market on the basis of various vital factors such as saw type, application, end-user, and region. Cast saw is important orthopedic device used for the removal of casts, which are mainly used in fracture management. Depending on the application, the global cast saw devices market is classified into fiberglass cast removal and plaster of Paris (POP) cast removal.
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The global cast saw devices market is projected to grow at a stupendous CAGR of around 4% during the forecast period of 2018 to 2 026. The market will reach to the value of approximately US$ 200 mn by 2026. This remarkable growth is attributed to growing issues related to osteoporosis and mounting number of non-fatal injuries in worldwide locations. The valuation of the cast saw devices market was around US$ 150 mn in 2017.
Increased Awareness about Orthopedic Diseases Stimulates Market Growth
In recent period, the government bodies of various countries and non-government organizations are taking initiatives to grow awareness about diverse types of orthopedic diseases. For this purpose, they are carrying out a range of awareness campaigns. In addition to this, there is consistent increase in the number of older population in the world. All these factors are working as a driver for the global cast saw devices market.
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Increased Research Activities Fuels Market Growth
The nature of the global cast saw devices market is fairly fragmented. Owing to presence of significant number of players, the competitive landscape of the market for cast saw devices is extremely intense. Several well-established players are focused on research and development activities. This tactic is helping them to offer innovative and technically advanced devices.
Many enterprises are executing various strategies to maintain prominent position in the global cast saw devices market. The market is witnessing considerable increase in the number of collaboration and partnership agreements among key players. Main motive of these moves is their regional expansion in the market for cast saw devices.
De Soutter Medical, Essity Aktiebolag, Stryker Corporation, Smith & Nephew plc, McArthur Medical Sales, Inc., HEBU medical GmbH, Rimec S.R.L., Medezine Ltd., Shanghai Bojin Medical Instrument Co., Ltd., Prime Medical, Inc., OSCIMED SA., and Hanshin Medical Co., Ltd. are some of the key players working in the global cast saw devices market.
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North America Shows Lucrative Avenues for Market Growth
Asia Pacific, North America, Europe, Middle East and Africa, and Latin America are prominent regions for the global cast saw devices market. Of them, North America is one of the key regions offering lucrative avenues for the market growth. Players in the cast saw devices market are expected to witness stupendous sales opportunities in this region owing to plethora of reasons. Increased older population, growth in health hazards associated with dust released at the time of cast removal and rising awareness among patients and doctors regarding the advantages of electric saws with dust extraction systems are some of the key reasons driving the growth of the cast saw devices market in North America.
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