Casting and Splinting Products MarketCasts and splintsare orthopaedic devices used to immobilize injured bones or tissues. Castcompletely covers the injured bone or tissue with a hard outer shell. WhereasSplint provides rigid support just along the sides of the injured part.
Castsare made up of fibreglass or plaster which serves for the hard covering andcotton or similar soft material is used as a padding during casting. Fibreglassis more durable than plaster but plaster is relatively cheaper compared tofibreglass. Splints are made up of plaster, fibreglass, plastic, paddedaluminium or any fabric. Often they are pre-made and provided with velcrostraps for easy application and removal. As there is a rapid increase inorthopaedic, sports and muscoskeletal injuries, casts and splints have becomevaluable products for mankind.
Casts and splintsmarket can be classified on the basis of products. Casting equipments includeplaster casts, casting tapes, cast cutters. Whereas splinting equipmentsinclude fibreglass splints, plaster splints, plastic splints and splintingaccesories.
Obesity andosteoporosis are some of the major reasons for the increase in demands of castsand splints. According to report by WHO in 2014, 6.9% adults were found to beobese in china and in India 4.9% adults were obese. Increase in sportinjuries also increase the demand for casts and splints. According to a reportby Centers for Disease Control andPrevention (CDC), over 2.
6 million children below the age of 19 are treated inthe emergency department for sports and recreation-related injuries. Seriousbone injuries have also been reported among professional sportsmen as well asuntrained people in sports which increases the demand for casts, and splints.Accidental injuriesare other factors which increase the demand. According to report by CDC inU.S., 2.5 million people were hospitalised due to injuries in 2014.
Geographically thecasts and splints market can be divided into North America, Europe, Latin Americaand Asia Pacific. North America dominates the market due to high frequency ofpeople suffering from osteoporosis and obesity. Also a higher value of thedevices in North America makes it a bigger market.
Asia pacific has a highgrowth rate for this market due to high rise in population. Indian casts and splintsmarket comprises of both domestic as well as international companies. Majorinternational companies include Zimmer Biomet, Medtronic, Deput synthes, Smithand Nephew and Stryker. Main Domestic companies in this market include Meril,Sharma ortho, Biorad, TTK, S.H. Pitkar, Matrix Meditek and Inor.
Despite thepresence of large number of domestic companies this market is dominated byinternational companies as they offer premium quality and price and hence arepreferred over the domestic companies by the physicians.Major growth driversfor the cast and splint industry include increasing cases of obesity,osteoporosis, arthritis among population, Increase in ageing population, Expansionof healthcare access in most of the countries, advancements in the proceduresand emergence of newer materials for casts and splints.Major restraints forthis industry include higher costs in some countries for the procedure, intensecompetition in the market, low spending on orthopaedics market by thegovernment, etc.Thus we can concludethat due to increasing population, increasing cases of obesity, arthritis andosteoporosis, sports injuries, increasing accidents, the splints and castsmarket is an emerging market globally especially in the Asia Pacific region.