Clinic Casting and Splinting Products Market Global Report | 2022-2030

Clinic Casting and Splinting Products Market Forecast to 2030 - Global Analysis by Product [Casting (Casts, Tapes, Cutters, and Casting Accessories) and Splinting (Splints and Splinting Accessories)], Application (Acute Fractures or Sprains, Tendon and Ligament Injuries, and Others), and Material (Plaster of Paris, Fiberglass, and Others)

Publication Month : Aug 2023

  • Report Code : TIPRE00008646
  • Category : Pharmaceuticals
  • Status : Published
  • No. of Pages : 188
Inquire Before Buy

PRICING

$4550

$3640

[Research Report] The clinic casting and splinting products market was valued at US$ 1,383.42 million in 2022 and the clinic casting and splinting products market size is projected to reach US$ 2,085.57 million by 2030. It is expected to register a CAGR of 5.3% during the forecast period (2022-2030).

Market Insights and Analyst View:

The clinic casting and splinting plays an essential role in the management and treatment of orthopedic issues. The increasing number of sports and fitness activities-related injuries and transit accidents propel the demand for clinic casting and splinting products. Rise in accidents at home and on road, increase in geriatric population suffering from osteoarthritis, and bones weakening in adult due to calcium deficiency fuel the clinic casting and splinting products market growth. Increased awareness about the use of clinic casting and splinting products in countries such as India, China, Italy, and Spain and technological advancements in products by companies would create opportunity for the clinic casting and splinting products market growth during the forecast period.

Growth Drivers and Opportunities:

According to the World Health Organization (WHO), musculoskeletal conditions is the leading cause of disability across the world, and low back pain is the single leading cause of disability in 160 countries. Musculoskeletal disorders ranked first in years lived with disability (YLDs) and sixth in disability-adjusted life-years (DALYs) globally in 2019. According to WHO, ∼1.71 billion people across the world had musculoskeletal conditions in 2021. According to a study titled “Global prevalence of musculoskeletal disorders among physiotherapists: a systematic review and meta-analysis” published in the National Library of Medicine, there has been an increase in the incidence of musculoskeletal diseases in the US, Canada, Australia, and European countries.

Rheumatoid arthritis (RA), osteoarthritis (OA), low-back pain (LBP), and neck pain (NP) are a few common musculoskeletal conditions. According to an article published by Springer Nature in 2023, rheumatoid arthritis, one of the main autoimmune rheumatic diseases, affects 14 million people worldwide. Joint pain is the most common reason for specialist referrals. Cast or splint is used in the management of various musculoskeletal conditions. To maximize benefits while minimizing complications, the use of casts and splints is generally limited to the short term. Thus, the rising incidence of musculoskeletal conditions is driving the growth of the clinic casting and splinting products market.

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. The novel casting technology heals the fracture effectively without casting complications. The 3D-printed cast is customized and lightweight.

Patient-specific and 3D-printed casts develop proper fit according to the shape of the injured arm. Thus, the risk of stress concentration can be reduced since large contact areas are created. 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. 3D printing is an evolving technology that has a potential application in treating pediatric forearm fractures. These factors can lead to better patient compliance. 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.

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

clinic-casting-and-splinting-products-market
Market Size Value inUS$ 1,383.42 million in 2022
Market Size Value byUS$ 2,085.57 million by 2030
Growth rateCAGR of 5.3% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
Analyst Image

Akshay

Have a question?

Akshay will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst Image  Speak to Analyst

Report Segmentation and Scope:

The “Global Clinic Casting and Splinting Products Market” is segmented on the basis of product, application, material, and geography. Based on product, the clinic casting and splinting products market is segmented into casting and splinting. The market for the casting segment is further segmented into casts, tapes, cutters, and casting accessories. The market for the splinting segment is subsegmented into splints and splinting accessories.  Based on application, the clinic casting and splinting products market is segmented into fractures or sprains, tendon and ligament injuries, and others. Based on material, the clinic casting and splinting products market is segmented fiberglass, plaster of Paris, and others. The clinic casting and splinting products market, based on geography, is segmented into North America (the US, Canada, and Mexico), Europe (Germany, France, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

Segmental Analysis:

Based on product, the clinic casting and splinting products market is segmented into casting and splinting. The market for the casting segment is further segmented into casts, tapes, cutters, and casting accessories. The market for the splinting segment is subsegmented into splints and splinting accessories. A cast holds a broken bone in place when it is repairing. Casts also prevent or decrease muscle contractions and help keep the injured area immobile, mainly after surgery, which can also help decrease pain. Casts are custom molds made of fiberglass or plaster designed to wrap around an injury. They can only be securely removed in a doctor's office. A cast can be molded specifically as per the fracture's needs and worn for several weeks as needed. The cast is more rigid than the temporary splint, but both may feel heavy. The main purpose of splinting is to immobilize the joints and bones above and below the fracture site. This is to prevent bone edges from moving and damaging other muscles, vessels or nerves, and further complications. Splinting is effective when the adjacent joints and bones remain immobilized. Splinting plays a major role in the management of musculoskeletal injuries, including treatment of overuse and soft tissue injuries (eg, tendonitis and sprains), as well as for traumatic injuries such as extremity fractures and joint dislocations. 

Clinic Casting and Splinting Products Market, by Product – 2022 and 2030

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

The global clinic casting and splinting products market, based on application, is segmented into acute fractures or sprains, tendon and ligament injuries, and others. The acute fractures or sprains segment held the largest clinic casting and splinting products market share in 2022 and is anticipated to register the highest CAGR during the forecast period. Sprains and fractures are common injuries. A sprain is a stretch or tear in a ligament around a joint. They vary in severity depending on how much damage is done. In a mild sprain, a ligament is stretched, but the joint remains stable and is not loosened. A moderate sprain partly tears the ligament, causing the joint to be unstable. In case of a critical sprain, ligaments tear completely or separate from the bone. This loosening interferes with how the joint functions. All sprains cause pain, swelling, bruising, and inflammation; however, their intensity varies.

Hairline fractures are tiny cracks, partial breaks are larger cracks, and complete fractures are when a bone breaks into two or more pieces. Casts and splints protect and support injured bones or fractured joints. They keep the bone in place until it fully heals.

Tendons and ligaments are forms of connective tissues that connect muscles and bones to form the musculoskeletal system. Both tendons and ligaments are similar in composition and are primarily made of collagen fibers. Tendon and ligament tears or ruptures are injuries to the soft tissues that connect muscles and joints. Common symptoms of tendon and ligament tears are pain and swelling. Tendon and ligament tears are common injuries. The most common knee ligament injury is tearing the anterior cruciate ligament (ACL). Approximately one in 3,500 people get injured in their ACLs.

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 clinic casting and splinting products market share in 2022. Due to its inexpensive cost, simplicity of application, and capacity to take the shape of the body part being immobilized, plaster of Paris is frequently used for casting and splinting applications. However, the fiberglass segment is anticipated to register the highest CAGR in the market during the forecast period. Plaster of Paris is generally less expensive and more moldable than its synthetic counterparts. The major advantages of plaster over synthetic materials in the prevention of cast sores and limb compression are increased flexibility and effective spreading. Plaster of Paris is a soft material that is malleable when wet but becomes hard when dry. It is available as rolls of crinoline (a stiff fabric made of cotton, nylon, or polyester) impregnated with Plaster of Paris. It can be easily wound around the hand or leg when wet. The cast will set very quickly but takes a long time to dry. During this time, one should not move the body part where the cast is put as movement could result in cracks on the cast.

Regional Analysis:

Based on geography, the clinic casting and splinting products market is segmented into five key regions—North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa. In 2022, North America held the largest share of the global clinic casting and splinting products market, and Asia Pacific is estimated to register the highest CAGR during the forecast period. The North America clinic casting and splinting products market has been segmented into the US, Canada, and Mexico; being the major contributors to clinic casting and splinting products market growth in this region. The North America clinic casting and splinting products market is growing due to the rising cases of osteoporosis and musculoskeletal injuries and increasing prevalence of age-related orthopedic disorders brought on by the growing geriatric population. Furthermore, carefully thought-out reimbursement regulations enable access to pricey casting and splinting equipment, supporting market growth. According to the United States Bone and Joint Initiative (USBJI), musculoskeletal diseases affect nearly three out of four people aged 65 and above and one in every two persons aged 18 and above in the US. According to Centers for Disease Control and Prevention (CDC), in 2019, 54.1 million adults in the US were 65 or older, representing 16% of the population. By 2040, the number of older adults is expected to reach 80.8 million. By 2060, it will reach 94.7 million, and older adults will make up nearly 25% of the US population. Orthopedic injuries are common in the aging population due to biological changes in older adults’ bodies. As people grow older, their bone mineral density decreases. Musculoskeletal diseases are becoming a greater burden every year with the aging US population. One of the serious problems faced by aging population is fractures. Moreover, osteoporosis, a metabolic bone disease that causes reduced mineral density and bone quality, is a significant health and economic burden in the US. Fractures can occur in any bone; however, hip and spine fractures are the most common, accounting for 42% of all osteoporotic fractures. More than 700,000 vertebral body compression fractures occur per year in the US. In the country, one in two women over 50 have an osteoporosis-related bone break in their lifetime.

Industry Developments and Future Opportunities:

Following is initiative taken by key players operating in the global clinic casting and splinting products market:

  1. In June 2020, 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.

COVID-19 Impact: 

The COVID-19 pandemic affected economies and industries in various countries across the globe. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America (SCAM), and the Middle East & Africa (MEA) hampered the growth of several industries, including the healthcare industry. Demand for casting and splinting products was increasing steadily before the COVID-19 pandemic. These products were being used in clinics, hospitals, and healthcare facilities for the immobilization of fractures or sprain affected areas. Many casting and splinting products were developed for fractures, sprains, and ligament damage healing. Also, due to an increase in injury cases due to accidents on the road and at home, especially in the geriatric population, drove the growth of the market in pre-COVID-19 pandemic period. During the COVID-19 pandemic, many countries-imposed lockdowns to avoid the spread of novel coronavirus that causes COVID-19. As a result, there was a decrease in road accidents and workplace accidents, which dropped the number of fractures, sprains, and ligament damage cases. This hampered the growth of the clinic casting and splinting products market during the COVID-19 pandemic. However, due to an upsurge in home accidents caused by various reasons such as falls at home, cases of fractures or sprains increased during this period. This gradually increased the demand for clinic and splinting products.

Competitive Landscape and Key Companies:

DeRoyal Industries Inc, Prime Healthcare Services Inc, 3M Co, Corflex Inc, Essity AB, Dynatronics Corporation, Zimmer Biomet Holdings Inc, Ossur hf, Performance Health Holding Inc, and Enovis Corp are a few prominent players operating in the global clinic casting and splinting products market. These companies focus on new product launches and geographical expansions to meet the growing consumer demand worldwide and increase their product range in specialty portfolios. They have a widespread global presence, which provides them to serve a large set of customers and subsequently increases their market share. The report offers trend analysis of the clinic casting and splinting products market emphasizing on various parameters such as technological advancements, market dynamics, and competitive landscape analysis of leading market players across the globe.

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product, Application, and Material

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
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


What is meant by the clinic casting and splinting products market?

The cast clinic plays an essential role in the management and treatment of orthopedic issues. The number of sports and fitness activities, adventure sports-related injuries, and transit accidents are involved in the clinic casting and splinting products. The cast clinic plays an essential role in the management and treatment of orthopedic issues. The number of sports and fitness activities, adventure sports-related injuries, and transit accidents are involved in the clinic casting and splinting products. Casts differ from splints because they provide more support and protection for a limb that is injured or broken.

What are the driving factors for the clinic casting and splinting products market across the globe?

The rising prevalence of musculoskeletal conditions and high prevalence of age-related orthopedic disorders are the key driving factors behind the market development.

Which product segment led clinic casting and splinting products market?

Based on product, the clinic casting and splinting products market is segmented into casting and splinting. Casting segment is further sub-segmented into casts, tapes, cutters, and casting accessories. Splinting segment is further sub-segmented into splints and splinting accessories. The casting segment held a larger 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, the splinting accessories segment is anticipated to register a higher CAGR during the forecast period.

What is the regional market scenario of the clinic casting and splinting products market?

Global clinic casting and splinting products market is segmented by region into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. North America is likely to continue its dominance in the clinic casting and splinting products market during 2022–2030. The US holds the largest share of the market in North America and is expected to continue this trend during the forecast period.

Who are the key players in the clinic casting and splinting products market?

Companies operating in the market are DeRoyal Industries Inc, Prime Healthcare Services Inc, 3M Co, Corflex Inc, Essity AB, Dynatronics Corporation, Zimmer Biomet Holdings Inc, Ossur hf, Performance Health Holding Inc, and Enovis Corp.

Which application segment held the largest revenue (US$ Mn) in the clinic casting and splinting products market?

Based on application, the clinic casting and splinting products market is segmented into acute fractures or sprains, tendon and ligament injuries, and others. The acute fractures or sprains segment held a larger market share in 2022 and is anticipated to register a higher CAGR during the forecast period.

The List of Companies - Clinic Casting and Splinting Products Market

  1. DeRoyal Industries Inc
  2. Prime Healthcare Services Inc
  3. 3M Co
  4. Corflex Inc
  5. Essity AB
  6. Dynatronics Corporation
  7. Zimmer Biomet Holdings Inc
  8. Ossur hf
  9. Performance Health Holding Inc
  10. Enovis Corp

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Clinic Casting and Splinting Products Market