Showing posts with label Casting and Splinting Market. Show all posts
Showing posts with label Casting and Splinting Market. Show all posts
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.
Browse Full Global Casting and Splinting Market Report With Complete TOC @ http://www.transparencymarketresearch.com/casting-splinting-market.html
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).
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Casting and Splinting (Supplies and Equipment) Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020
This
report on the casting and splinting (supplies and equipment) market
studies the current as well as future prospects of the market
globally. Most individuals experience orthopedic or musculoskeletal
injuries or disorders at least once during their lifetime. Most of
the musculoskeletal problems are caused due to vehicular accidents,
sports and adventure-related injuries and age related orthopedic
injuries. Various casting and splinting products are used to treat
musculoskeletal problems.
This
research report provides a detailed analysis of the casting and
splinting (supplies and equipment) market and helps understand the
various driving factors for the growth of the market. The market
overview section analyzes market dynamics and trends such as drivers,
restraints and opportunities that influence the current nature and
future status of the market. Porter’s five forces analysis has been
covered in terms of bargaining power of buyers and suppliers, threat
of new entrants and substitutes, and competitive rivalry in the
global casting and splinting market. Value chain analysis and other
market dynamics factors such as market attractiveness analysis have
also been explained in order to deliver a thorough analysis of the
overall competitive scenario of the global casting and splinting
(supplies and equipment) market. This section of the report also
includes key players’ product wise heat map analysis in 2013 for
this market.
Browse Full Report with ToC
:http://www.transparencymarketresearch.com/casting-splinting-market.html
The
casting and splinting (supplies and equipment) market has been
segmented into casting supplies and equipment, and splinting supplies
and equipment. The casting supplies and equipment segment has been
sub-segmented into plaster casts, casting tapes, cast cutters and
casting tools and accessories. The splinting supplies and equipment
segment has been classified into four major sub-segments: fiberglass
splints, plaster splints, other splints (polyester, plastic,
neoprene, metal, etc.) and splinting tools and accessories.
The
executive summary provides detailed insights about the report and the
market in general. This elaborate executive summary provides a
glimpse into the present scenario of the global casting and splinting
(supplies and equipment) market, which includes a market snapshot
that provides overall information of various segments and
sub-segments. The executive summary also provides overall information
and data analysis of the global casting and splinting (supplies and
equipment) market with respect to market segments based on product
type as well as geographic regions. The market for casting and
splinting supplies and equipment has been extensively analyzed based
on their usefulness, effectiveness, sales revenue and geographic
presence. The market size and forecast in terms of USD million for
each product type has been provided for the period from 2012 to 2020.
This report on the casting and splinting (supplies and equipment)
market also provides the compound annual growth rate (CAGR %) for
each market segment for the forecast period from 2014 to 2020,
considering 2013 as the base year.
Request Sample Report
:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2447
Geographically,
the casting and splinting (supplies and equipment) market has been
segmented into four major regions: North America, Europe, Asia
Pacific, and Rest of the World (RoW). The market size and forecast
for each of these regions have been provided for the period from 2012
to 2020, along with CAGR (%) for the forecast period from 2014 to
2020. The research study also incorporates the competitive scenario
in these regions.
A
list of recommendations has been provided for new entrants as well as
existing players to help establish a strong presence in the market
and increase market share. The report also profiles major players in
the casting and splinting (supplies and equipment) market based on
various attributes such as company overview, financial overview,
business strategies, product portfolio and recent developments. Major
players profiled in this report include 3M Health Care, AliMed, Bird
& Cronin, Inc., BSN medical GmbH, Corflex, Inc., DJO, LLC,
DeRoyal Industries, Inc., Orfit Industries n.v., Össur hf.,
Patterson Medical Holdings, Inc., Prime Medical, Inc., Spencer Italia
S.r.l., Stryker Corporation, and Zimmer, Inc.
The
global casting and splinting (supplies and equipment) market is
segmented as follows:
Global
Casting and Splinting Market Revenue, by Equipment and Supplies
- Casting Market
- Plaster Casts
- Casting Tapes
- Cast Cutters
- Casting Tools and Accessories (Covers, Padding, Scissors, etc.)
- Splinting Market
- Fiberglass Splints
- Plaster Splints
- Other Splints (Polyester, Neoprene, Plastic, Metal, etc.)
- Splinting Tools and Accessories (Covers, Padding, Fasteners, etc.)
Global
Casting and Splinting Market Revenue, by Geography
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
About Us :
Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers.
We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge
Contact Us:
Transparency Market Research
90 State Street,
Suite 700,
Albany
NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http:/www.transparencymarketresearch.com/
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