Casting and Splinting (Supplies and Equipment) Market Expected to Reach USD 2.3 Billion Globally by 2020

The casting and splinting market comprises products for the management of a wide range of acute musculoskeletal conditions which typically involves swelling, sprains or acute fractures, or any other unstable fractures and displacements before intense orthopedic interventions come into the picture. Casts and splints provide superior immobilization and are normally reserved for complicated and/or definitive fracture instances. The selection of a specific cast or splint usually varies based on the acuity of the injury and the area of the body being treated. The casting and splinting products used in the field of orthopedics are designed to provide maximum benefits while minimizing complications. The use of casts and splints is generally limited to the short term and highly differ in their indications, construction, benefits, as well as risks. 

Casting is known to be the traditional and the most commonly used method of bone fracture treatment. Globally, it has exhibited a larger market size in different regions of the world. According to a recent market study in the U.S., the casting and splinting market is expected to grow gradually at a CAGR of 5.0% over 2014 to 2020, owing to a number of growth factors, especially in the highly developed regions. Such growth and momentum observed within this market will yield around US$2,304.9 million by the end of 2020.

Study of the Commonly Used Casts and Splints through Segmentation Analysis

For physicians, the need to be familiar with proper techniques and indications for application of casting and splinting in order to optimize thorough treatments and patient care comes with the basic expertise on the casting and splinting supplies and equipment market. The casting and splinting market highlights the different types of casts and splints used in various circumstances and how each product is applied.

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Types of Products

Based on product segmentation, the global casting and splinting (supplies and equipment) market has been further segmented into two main sub-segments:

• Casting Supplies and Equipment
• Splinting Supplies and Equipment 

Between these two segments, in terms of revenue, the casting supplies and equipment market segment accounted for over 60% market share in 2013. Growth in this segment is booming due to the increasing number of road accidents, increasing osteoporotic geriatric population, and other adventure and sports-related injuries that lead to the need for specific casts or splints to treat common orthopedic injuries. 

On the other hand, the splinting supplies and equipment market consists of plaster splints, fiberglass splints, and other splints and splinting tools and accessories. Growth in these segments can be credited to the high versatility and strength of neoprene splints.

Availability of Numerous Products Caters to Specific Orthopedic Requirements

To provide comfort and support to different parts of the body, the market for casting and splinting currently has a wide variety of orthopedic products to offer. Some of the most commonly used products are casting tapes, casting tools, plaster casts, cast cutters, and other accessories – all of which together form the casting supplies and equipment market. Among these, the cast cutters segment accounted for the largest market share of more than 30% in 2013. This segment will continue to lead the overall market for the next five years.  

Some of the latest products found in the other splints segment include plastic splints, Neoprene splints, wooden splints, and metal splints. These products are expected to undergo rapid growth in the global market over the forecast period 2014-2020. 

All the above products cater to specific requirements like - knee and ankle caps, cervical pillow, cast cove, splints, knee caps, and chest binder and knee brace.

Casting and Splinting Market - by Regional Distribution

As the cost of casting and splinting manufacturing is low in Asia, this region satisfies the massive product demand in the regional, as well as international medical markets. Demand also continues to soar in the heavily populated countries of Asia, namely India, Japan, China, Korea and others. 

North America is expected to remain at a distant second until 2020 (in terms of market share).