CAST REMOVAL DEVICE MARKET ANALYSIS

Market Challenges And Opportunities

Increase in frequency of road accidents and musculoskeletal injuries during sports is expected to drive growth of the cast removal devices market. According to a survey published by the World Health Organization (WHO) in Jan, 2018, over 3,400 people die on the world's roads every day and tens of millions of people are injured or disabled every year. Also, according to the John Hopkin’s Medicine, in the U.S., over 3.5 million children at the age of 14 and younger get hurt annually by playing sports or participating in recreational activities.

The upcoming 2030 Agenda for Sustainable Development adopted by world leaders aims at halving the global number of deaths and injuries from road traffic crashes by 2020. Moreover, from 2015-2019, the World Health Organization is collaborating with the Bloomberg Initiative for Global Road Safety (BIGRS) to reduce fatalities and injuries from road traffic crashes. Such forthcoming schemes of the governmental organizations will hinder growth of cast removal devices market, whereas people neglecting traffic rules or distracted driving because of alcohol and other abuse, unsafe road infrastructure, below mark vehicle quality, and many others factors are expected to propel the cast removal device market growth.

The strategies adopted by key market players to come up with innovative technologies such as noise free or debris free plaster cutters at affordable rates are lucrative opportunities for growth of the cast removal device market. Cast removal devices are scary and traumatic for most of the patients due to noise and blade rotation, however, OrthoPediatrics’s Quiet cast removal device was a major leap forward in technology in 2009. Shanghai Bojin Medical instrument Co., Ltd. aimed at coming up with products and solutions with reduced medical costs and lessening the financial burden of the patients. The companies also aims at providing after sales services to the end users, which will propel growth of cast removal devices market. Moreover, cast saws can produce thermal injury or abrasions during cast removal, compromising patient care and can result in litigation. The advancement for avoiding cast-saw burns will also enhance the growth of cast removal device market.