CHICAGO, Jan. 18, 2023 /PRNewswire/ -- According to Arizton's latest research report, the global orthopedic splints and casts market will grow at a CAGR of 6% from 2021-2027. Growing demand for 3D printed casts & splints, availability of a wider product portfolio of splints & casts by vendors, and introduction of spray-based form splints are significant growth opportunities in the orthopedic splints & casts market.
3D printing is an evolving technology that has a potential application in treating pediatric forearm fractures. The clinical outcomes were excellent at the latest follow-up, at least one-year post-injury. 3D-printed casts may allow for greater patient satisfaction and reduced complications in adult and pediatric patients as this technology becomes further integrated into medicine, specifically orthopedics. Orthopedic surgeons may benefit from familiarizing themselves with the potential of 3D printing technology and its current applications and devising future applications for clinical practice. Many emerging companies 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. Another company in the 3D printed splints & casts market, Fix It, designs 3D printed splints made from biodegradable plastic as an alternative to traditional casts. Thus, emerging 3D printed splints/casts products will accelerate the orthopedic splint & casts market.
GLOBAL ORTHOPEDIC SPLINTS AND CASTS MARKET REPORT SCOPE
Report Attributes | Details |
Market Size (2027) | USD 3.34 Billion |
Market Size (2021) | USD 2.34 Billion |
CAGR (2021-2027) | 6.06 % |
Base Year | 2021 |
Forecast Year | 2022-2027 |
Market Segments | Product, Material, Body Part, End User, and Geography |
Geographic Analysis | North America, Europe, APAC, Latin America, and Middle East & Africa |
Key Leading Countries | China, India, Japan, South Korea, Australia, Germany, Italy, Spain, France, the UK, the US, Canada, Brazil, Mexico, Argentina, Turkey, South Africa, South Arabia, Egypt, and Nigeria |
Key Prominent Players | Essity Medical Solutions, 3M, Enovis, Breg, DeRoyal Industries, Bauerfeind, 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, and Prime Medical |
Page Number | 292 |
Market Dynamics |
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APAC TO OBSERVE FASTEST GROWTH IN THE ORTHOPEDIC SPLINTS AND CASTS MARKET
APAC is leading the orthopedic splints & casts market, contributing to increased MSDs incidence, a growing aging population, and related health conditions. APAC accommodates many regional and local orthopedic splints & cast manufacturers actively developing innovative orthopedic splints & casts at affordable costs. China, Japan, Australia, India, and South Korea are major countries contributing to the exponential growth of the market in this region.
APAC has become an appealing market for global players and expansionary private investments that can effectively support innovation while driving consumption and capitalizing on demographic and emerging consumer trends. Overall, the rapidly growing life expectancy, economic growth, and more effective treatment procedures offer long-term growth opportunities for the APAC orthopedic splints & casts market.
Moreover, introducing innovative concepts around orthopedic medicine in the orthopedic splints and casts market can be a game changer because of several benefits over conventional orthopedic splints and casts. The emergence of the spray-based form splint is offering leading players and start-ups the opportunity to develop orthopedic splints & casts with the help of polyurethane spray.
RECENT DEVELOPMENTS IN THE GLOBAL ORTHOPEDIC SPLINTS AND CASTS MARKET
- In early 2019, Enovis (formulary known as Colfax) completed the acquisition of DJO for around USD 3.15 billion. With this acquisition, Colfax aimed to create a new platform for itself in the orthopedic market, as DJO was one of the leading companies in braces and support devices.
- Breg, a leading orthopedic and billing services company, partnered with its UK distributor, Joint Operations, to expand the supply of high-quality orthopedic products to the UK/Ireland market in July 2020.
COMPETITIVE OVERVIEW
The orthopedic splints & casts market is pursuing various strategies to provide the impetus for growth over the next few years. These market participants adopt cooperation, partnerships, mergers & acquisitions, and product launches. Due to these strategies, the orthopedic splints & casts market has the potential to have significant growth opportunities. For instance, Breg partnered with the Australian distributor Club Warehouse to expand its supply of high-quality orthopedic products to the Australian market.
KEY COMPANY PROFILES
- Essity Medical Solutions
- 3M
- Enovis
- Breg
- DeRoyal Industries
- Bauerfeind
- 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
MARKET SEGMENTATION
Product
- Casts
- Splints
Material
- Synthetic Splints & Casts
- Plaster of Paris Splints & Casts
Body Part
- Upper Body
- Lower Body
End User
- Orthotic & Orthopedic Clinics
- Hospitals
- Others
Geography
- APAC
- China
- India
- Japan
- South Korea
- Australia
- Europe
- Germany
- Italy
- Spain
- France
- UK
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- Turkey
- South Africa
- South Arabia
- Egypt
- Nigeria
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TABLE OF CONTENT
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
17.1 MARKET SNAPSHOT & GROWTH ENGINE
17.2 GEOGRAPHIC OVERVIEW
18 APAC
18.1 MARKET OVERVIEW
18.2 MARKET SIZE & FORECAST
18.3 APAC: PRODUCT SEGMENTATION
18.4 APAC: MATERIAL SEGMENTATION
18.5 APAC: BODY PART SEGMENTATION
18.6 APAC: END USER SEGMENTATION
18.7 KEY COUNTRIES
18.7.1 CHINA: MARKET SIZE & FORECAST
18.7.2 INDIA: MARKET SIZE & FORECAST
18.7.3 JAPAN: MARKET SIZE & FORECAST
18.7.4 SOUTH KOREA: MARKET SIZE & FORECAST
18.7.5 AUSTRALIA: MARKET SIZE & FORECAST
19 EUROPE
19.1 MARKET OVERVIEW
19.2 MARKET SIZE & FORECAST
19.3 EUROPE: PRODUCT SEGMENTATION
19.4 EUROPE: MATERIAL SEGMENTATION
19.5 EUROPE: BODY PART SEGMENTATION
19.6 EUROPE: END-USER SEGMENTATION
19.7 KEY COUNTRIES
19.7.1 GERMANY: MARKET SIZE & FORECAST
19.7.2 FRANCE: MARKET SIZE & FORECAST
19.7.3 THE UK: MARKET SIZE & FORECAST
19.7.4 ITALY: MARKET SIZE & FORECAST
19.7.5 SPAIN: MARKET SIZE & FORECAST
20 NORTH AMERICA
20.1 MARKET OVERVIEW
20.2 MARKET SIZE & FORECAST
20.3 NORTH AMERICA: PRODUCT SEGMENTATION
20.4 NORTH AMERICA: MATERIAL SEGMENTATION
20.5 NORTH AMERICA: BODY PART SEGMENTATION
20.6 NORTH AMERICA: END-USER SEGMENTATION
20.7 KEY COUNTRIES
20.7.1 US: MARKET SIZE & FORECAST
20.7.2 CANADA: MARKET SIZE & FORECAST
21 LATIN AMERICA
21.1 MARKET OVERVIEW
21.2 MARKET SIZE & FORECAST
21.3 LATIN AMERICA: PRODUCT SEGMENTATION
21.4 LATIN AMERICA: MATERIAL SEGMENTATION
21.5 LATIN AMERICA: BODY PART SEGMENTATION
21.6 LATIN AMERICA: END-USER SEGMENTATION
21.7 KEY COUNTRIES
21.7.1 BRAZIL: MARKET SIZE & FORECAST
21.7.2 MEXICO: MARKET SIZE & FORECAST
21.7.3 ARGENTINA: MARKET SIZE & FORECASTS
22 MIDDLE EAST & AFRICA
22.1 MARKET OVERVIEW
22.2 MARKET SIZE & FORECAST
22.3 MIDDLE EAST & AFRICA: PRODUCT SEGMENTATION
22.4 MIDDLE EAST & AFRICA: MATERIAL SEGMENTATION
22.5 MIDDLE EAST & AFRICA: BODY PART SEGMENTATION
22.6 MIDDLE EAST & AFRICA: END-USER SEGMENTATION
22.7 KEY COUNTRIES
22.7.1 TURKEY: MARKET SIZE & FORECAST
22.7.2 SOUTH AFRICA: MARKET SIZE & FORECAST
22.7.3 SAUDI ARABIA: MARKET SIZE & FORECAST
22.7.4 EGYPT: MARKET SIZE & FORECAST
22.7.5 NIGERIA: MARKET SIZE & FORECAST
23 COMPETITIVE LANDSCAPE
23.1 COMPETITION OVERVIEW
23.2 MARKET SHARE ANALYSIS
24 KEY COMPANY PROFILES
24.1 ESSITY MEDICAL SOLUTIONS
24.1.1 BUSINESS OVERVIEW
24.1.2 ESSITY MEDICAL SOLUTIONS IN ORTHOPEDIC SPLINTS & CASTS MARKET
24.1.3 PRODUCT OFFERINGS
24.1.4 KEY STRATEGIES
24.1.5 KEY STRENGTHS
24.1.6 KEY OPPORTUNITIES
24.2 3M
24.3 ENVOIS
24.4 BREG
24.5 DEROYAL INDUSTRIES
24.6 BAUERFEIND
25 OTHER PROMINENT VENDORS
25.1 ALCARE
25.1.1 BUSINESS OVERVIEW
25.1.2 PRODUCT OFFERINGS
25.2 FRANK STUBBS COMPANY
25.3 WEBER ORTHOPEDIC LP. DBA HELY & WEBER
25.4 MEDI
25.5 CAROLINA NARROW FABRIC
25.6 THUASNE GROUP
25.7 TRULIFE
25.8 TYNOR
25.9 ORTHOSYS
25.10 DUK-IN
25.11 PERFORMANCE HEALTH
25.12 ALIMED
25.13 LOHMANN & RAUSCHER
25.14 ELITE ORTHOPAEDICS
25.15 ALLARD USA
25.16 BRACEABILITY
25.17 VISSCO REHABILITATION AIDS
25.18 BIRD & CRONIN
25.19 DATT MEDIPRODUCTS
25.20 PRIME MEDICAL
26 REPORT SUMMARY
26.1 KEY TAKEAWAYS
26.2 STRATEGIC RECOMMENDATIONS
27 QUANTITATIVE SUMMARY
27.1 MARKET BY PRODUCT
27.1.1 APAC: PRODUCT SEGMENTATION
27.1.2 EUROPE: PRODUCT SEGMENTATION
27.1.3 NORTH AMERICA: PRODUCT SEGMENTATION
27.1.4 LATIN AMERICA: PRODUCT SEGMENTATION
27.1.5 MIDDLE EAST & AFRICA: PRODUCT SEGMENTATION
27.2 MARKET BY MATERIAL
27.2.1 APAC: MATERIAL SEGMENTATION
27.2.2 EUROPE: MATERIAL SEGMENTATION
27.2.3 NORTH AMERICA: MATERIAL SEGMENTATION
27.2.4 LATIN AMERICA: MATERIAL SEGMENTATION
27.2.5 MIDDLE EAST & AFRICA: MATERIAL SEGMENTATION
27.3 MARKET BY BODY PART
27.3.1 APAC: BODY PART SEGMENTATION
27.3.2 EUROPE: BODY PART SEGMENTATION
27.3.3 NORTH AMERICA: BODY PART SEGMENTATION
27.3.4 LATIN AMERICA: BODY PART SEGMENTATION
27.3.5 MIDDLE EAST & AFRICA: BODY PART SEGMENTATION
27.4 MARKET BY END-USERS
27.4.1 APAC: END USER SEGMENTATION
27.4.2 EUROPE: END USER SEGMENTATION
27.4.3 NORTH AMERICA: END USER SEGMENTATION
27.4.4 LATIN AMERICA: END USER SEGMENTATION
27.4.5 MIDDLE EAST & AFRICA: END USER SEGMENTATION
27.5 GEOGRAPHY SEGMENTATION
27.5.1 CASTS: GEOGRAPHY SEGMENTATION
27.5.2 SPLINTS: GEOGRAPHY SEGMENTATION
27.5.3 SYNTHETIC SPLINTS & CASTS: GEOGRAPHY SEGMENTATION
27.5.4 PLASTER OF PARIS SPLINTS & CASTS: GEOGRAPHY SEGMENTATION
27.5.5 UPPER BODY: GEOGRAPHY SEGMENTATION
27.5.6 LOWER BODY: GEOGRAPHY SEGMENTATION
27.5.7 ORTHOTIC & ORTHOPEDIC CLINICS: GEOGRAPHY SEGMENTATION
27.5.8 HOSPITALS: GEOGRAPHY SEGMENTATION
27.5.9 OTHERS: GEOGRAPHY SEGMENTATION
28 APPENDIX
28.1 ABBREVIATIONS
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