The global casting and splinting products market was valued at US$ 2,253.3 Mn in 2017 and is expected to reach US$ 3,337.6 Mn by 2025, expanding at a CAGR of 6.4% from 2022 to 2027.
Casting and Splinting Products Market Overview
The classification includes Casting and Splinting, and the proportion of Casting in 2017 is about 60%, and the proportion is in increasing trend from 2012 to 2016.
Casting and Splinting Products is widely used in Hospitals, Orthopedic Clinics and other field. The most proportion of Casting and Splinting Products is used in Orthopedic Clinics, and the proportion in 2017 is about 61%.
East China is the largest consumption place, with a consumption market share nearly 3832 in 2017. Following East China, Central China is the second largest consumption place with the consumption market share of 14%.
Market competition is intense. 3M, DJO Global, BSN Medical, ssur, Zimmer Biomet, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.
The report also assesses the key opportunities in the Casting and Splinting Products market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Casting and Splinting Products Market has also been forecasted for the period 2021-2026, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Recent Development:
Companion Animal Health Announces Strategic Investment in Early Cancer Detection Solution
New Castle, Delaware, March 22, 2022 - Companion Animal Health, a global animal health company specializing in laser and rehabilitation therapies and on-site diagnostics in veterinary markets worldwide, and a division of DJO, today announced a strategic agreement, including an equity investment, with HT BioImaging to co-brand and exclusively sell the HTVet product in the U.S. and Canada. HTVet enables a non-invasive, real-time diagnostic of suspicious cutaneous and subcutaneous masses at the point-of-care. HTVet delivers accurate results within minutes, enabling simple and accurate testing in-clinic without the need for labor-intensive, invasive procedures and external labs as the first line.
What are the major Applications, Types, and Regions of the Casting and Splinting Products Market?
The casting and Splinting Products Market is segmented based on the type, applications, companies, and regions.
By Type, the Casting and Splinting Products Market has been segmented into
Casting
Splinting
Others
The end user’s industry application in Casting and Splinting Products Market is,
Hospitals
Orthopedic Clinics
Others
Regional Analysis:
Geographically, the casting and splinting market is segmented into North America, Europe, Latin America, Asia Pacific, and MEA. Asia Pacific accounted for the largest market share in 2014 as a consequence of high population base. Densely populated countries like China, India, Japan, and Korea have high incidences of road accidents and orthopedic injuries, which lead to the wide use of casting and splinting equipment and supplies. Moreover, these countries have a large number of manufacturing facilities, which can produce affordable casting equipment in large quantities to meet domestic and global demand. In addition, manufacturing cost in this region is low, which is attracting market-leading companies to invest in Asia Pacific region. North America is expected to remain in the second position in terms of market share over the forecast period as a result of the rising toll of musculoskeletal injuries and fractures in this region.
What is our Casting and Splinting Products Market report scope?
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2021-2026. The report presents the analysis of Casting and Splinting Products Market for the historical period of 2017-2021 and the forecast period of 2021-2026.
The key insights of the report have been presented through the frameworks of Major Mergers & Acquisitions, Technological Innovations, and Role of Manufacturers during COVID19 Pandemic. Additionally, the major opportunities, trends, drivers and challenges of the industry has been analyzed in the report.
Reports Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 6.4% during the review period (2022 to 2027).
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By Type
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By Application
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- Hospitals
- Orthopedic Clinics
- Others
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By Companies
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3M Company (NYSE :MMM), DJO Global, BSN Medical, Össur, Zimmer Biomet Holdings, Inc. (NYSE :ZBH), Klarity Medical, Prime Medical, Kanglida Medical
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Regions Covered
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• North America
• Europe
• Asia-Pacific
• Rest of the World
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Countries Covered
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• US
• Canada
• Germany
• France
• UK
• Italy
• Spain
• Rest of Europe
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
• Middle East & Africa
• Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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120
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Casting and Splinting Products Report
- Evaluate Casting and Splinting Products market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Casting and Splinting Products market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Frequently Asked Questions
What is the study period of this market?
The Casting and Splinting Products Market is studied from 2017 - 2027.
Who are the key players in Casting and Splinting Products Market?
3M Company (NYSE :MMM), DJO Global, BSN Medical, Össur, Zimmer Biomet Holdings, Inc. (NYSE :ZBH), Klarity Medical, Prime Medical, Kanglida Medical, Ansen, Renfu Medical, Maishijie Medical, Brownmed, Connect Medical, Kangda Medical, Five Continents Medical and others.
What are the significant types of Casting and Splinting Products Market?
Casting, Splinting, Others.
What are the major end-use applications of the Casting and Splinting Products Market?
Hospitals, Orthopedic Clinics, Others.
What segments are covered in the Casting and Splinting Products Market report?
The Global Casting and Splinting Products Market is Segmented on the basic of Product, Application, and Geography.
How can I get a sample report/company profile for the Casting and Splinting Products Market?
The sample report for the Casting and Splinting Products Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
