Thursday, 12 June 2014

Casting and Splinting Market - Global Industry, Forecast and Analysis, 2013 – 2019

Cast and splint is an orthopedic device utilized for the protection and support of fractured bone and joint. Cast and splint is helpful to immobilize the injured limb and joint until it fully heals. Cast is more effective and supportive for the protection of injured bone and limb as compared to splint. Splint is also called as half cast which is faster and easier to use as compared with casting. Splint is less supportive than cast and are available in many different size and shape.

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Cast and splint are widely utilized in orthopedic surgery worldwide and are made from fiberglass or plaster. Cast and splint made from fiberglass are more effective and accurate as compared with plaster due to less weight, durability, porous nature and available in variety of colors. Advantage associated with plaster cast and splint is that it is less expensive as compared with fiberglass cast and splint. Before utilization of cast and splint skin should be covered with padding (cotton) which act as a protective layer for skin. For a speedy recovery it is necessary to take proper care of the splint and cast that keeps the splint or cast dry, avoid contact with dirt, do not trim the splint or cast and inspect the splint or cast regularly. There are lot of custom made splint or cast available in the market that are widely utilized in various orthopedic surgeries. 

Car and bike accident are in the rise globally and it is considered as the most common cause of orthopedic surgery. Most of the orthopedic surgeries are performed for the treatment of bone fracture and joint replacement. World Health Organization (WHO) stated that approximately 1.24 million deaths occur in the world due to traffic accident every year. In addition, fatal and non fatal accidents are also rising significantly and it will also account for the growth of the global casting and splinting supplies and equipment market. However, casting and splinting products are required in a large amount for the completion of orthopedic surgery which altogether costs huge amount. Thus, the above mentioned factor could hinder the global market demand of casting and splinting supplies and equipment market. 

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North America and Europe were observed to be the largest casting and splinting supplies and equipment market in 2012 due to major market players are based in these regions. Moreover, high rate of road accident would further propel the casting and splinting supplies and equipment market. Supportive government initiatives taken by the U.S and U.K government will also accentuate the global casting and splinting supplies and equipment market.  Asia–Pacific is considered as a potential market during the study period due to growing technological advancement in surgical procedures in this region. Moreover, Asia-Pacific is considered as an emerging market due to strong economic growth forecasted (healthcare cost, healthcare infrastructure and healthcare facility) in some countries such as China, Australia, Japan and South Korea in this region. 

Various key players contributing the global market share of casting and splinting supplies & equipment market include, Arthrex, Ascension Orthopedics, ACUMED, Advanced Orthopaedic Solutions, Biomet, Depuy Orthopedics, Inc., DGIMED Ortho, Bioretec, Conmed Linvatec, Emerge Medical, Integra LifeSciences, Hand Biomechanics, Intelligent Implant Systems, DJO Global among others. 

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This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
  • North America
  • Asia Pacific
  • Europe
  • Rest of the World
This report provides comprehensive analysis of
  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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