CASTING AND SPLINTING PRODUCTS MARKET ANALYSIS

Market Challenges And Opportunities

Increasing incidence of road accidents and musculoskeletal injuries to propel overall growth of the market 

The casting and splinting market is expected to experience rapid growth over the forecast period, owing to rising number of sports and vehicular accidents and other injuries, which in turn, is resulting in increasing number of musculoskeletal problems among the populace. Also, rampant growth of the geriatric population is expected to fuel demand for casting and splinting, as this population is more prone to orthopedic problems. As per the United Nations data, in 2015, around 901 million people were over 60 years of age and this number is expected to reach 1.4 billion by 2030 and to 2.1 billion by 2050. Advancements in technology has influenced vendors to focus on using advanced materials such as fiberglass tape and polyester tape for manufacturing casts and splints. These provide high patient compliance in terms of wearing comfort and lasting support, improved X-ray radiolucency, and also helps to avoid or minimize muscle atrophy and other immobilization-related issues. Availability of casts and splints in a wide range of attractive colors and unique paw pattern is also be expected to boost sales of casting and splinting products worldwide. Growth of the market, however, is expected to be restrained by the high costs of equipment and high risks of pressure sores or compartment syndrome.