Market Challenges And Opportunities

Cast Saw Devices Market Drivers

Increasing prevalence of factures is expected to be the major driver for growth of global cast saw devices market, as the cast saw are mainly used in the removal of cast or plasters. For instance, according to the International Osteoporosis Foundation, 2017, osteoporosis causes more than 8.9 million fractures annually, resulting in an osteoporotic fracture every three seconds, and one in three women over age 50 will experience osteoporotic fractures, as will one in five men aged over 50. According to world health organization (WHO) in 2017, around 1.25 million people died and 20 to 50 million people suffered from severe injury and fractures. According to the Centers for Disease Control and Prevention (CDC), 2016, an estimated 1.6 million hip fractures occur annually worldwide and by 2050, the number is expected to reach between 4.5 million and 6.3 million. There is a significant increase in the factures due to road accidents. For instance, according to World Health Organization (WHO) in 2017, annually more than 20 to 50 million people experience factures and severe injuries, due to road traffic crash. Thus, increasing prevalence of factures is expected to increase the demand for plasters, which in turn is expected to increase demand for its removal devices. Increasing establishment of orthopedic hospitals is also expected to increase demand for cast saw devices and create a lucrative environment for growth of global cast saw devices market in near future. According to the survey by Health Facilities Management/ASHE in 2012, around 14% of hospital executives indicated orthopedic specialty hospitals as a development project, a 2% increase from 2011.

Cast Saw Devices Market Restraint

There are some drawback of cast saw devices such as cuts on skin due to mishandling and the chances of burns due to heat produced between blade and cast material, which are expected to hinder market growth in near future.