The purpose of this research study titled ‘Casting and Splinting Products Market - Growth, Future Prospects, and Competitive Analysis, 2023 – 2030’ is to provide investors, developers, company executives and industry participants with in-depth analysis to allow them to take strategic initiatives and decisions related to the prospects in the global casting and splinting products market. This report presents and analyzes the major trends prevalent in the global casting and splinting products market and the market size and forecast.

This report categorizes the global casting and splinting products market in terms of product type, and geographical distribution. Based on product types, the global casting and splinting products market is categorized into casting products (plaster casts, casting tapes, cast cutters, casting tools and accessories) and splinting products (fiberglass splints, plaster splints, other splints, splinting tools and accessories). 

This report also includes qualitative assessment factors such as market dynamics (drivers, restraints, and opportunities) to have a good understanding of the current and anticipated trends in the global casting and splinting products market. Competition assessment tools such as market attractiveness assessment and competitive landscape analysis by key players are also demonstrated in the study. Furthermore, this report concludes with profiling of key market players currently enjoying prominent position in the casting and splinting products market. The key players profiled in this report are 3M & Company, AliMed, Bird & Cronin Inc., BSN Medical GmbH, Corflex, Inc., DeRoyal Industries, DJO Global, Orfit Industries N.V., Össur hf., Patterson Medical Holdings, Inc., Prime Medical, Inc., Spencer Italia S.r.l., Stryker Corporation and Zimmer Biomet Holdings, Inc.

Between casting and splinting products, casting products occupy the larger market share, and it is anticipated that the segment will occupy dominant position through the forecast period. Casting is the most common method used for bone fracture repair and among the considered casting products, cast cutters is the largest segment by revenue. Technological innovation in terms of ease of use, safety and handy design is the key factor contributing to the dominance of this segment. Among splinting products the demand for novel products such as neoprene splints, plastic splints and metal splints is expected to further escalate during the forecast period.

Geographically, the global casting and splinting products market is cumulative to North America, Europe, Asia Pacific, Middle East and Africa and Latin America. 

Among the considered regional markets, Asia Pacific currently dominates the global casting and splinting products market, followed by North America. Large population pool in Japan, China, and India, along with significant presence of high risk geriatric population are the key factors contributing to the dominance of Asia Pacific market. Additionally, growth in life expectancy has led to increasing elderly population in North America. Along with this, high following for adventure and automobile sports and existence of high-end healthcare infrastructure contributes to strong status of North America in the global casting and splinting products market.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Casting And Splinting Products market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Casting And Splinting Products market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Casting And Splinting Products market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Casting And Splinting Products market?
• Which is the largest regional market for Casting And Splinting Products market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Casting And Splinting Products market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Casting And Splinting Products market worldwide?