Orthopedic Splints and Casts Market – Analysis And Forecast (2017-2025): Market Shares And Strategies Of Key Players
Key players in orthopedic splints and casts market includes: BSN medical GmbH, DJO, LLCOrfit Industries n.v., Össur hf., Prime Medical, Inc., Spencer Italia S.r.l., Stryker Corporation, DeRoyal Industries, Inc.
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Splints and casts are orthopedic devices used to protect and support fractured bones and joints. They help the injured limb to keep the bone in place unless it is fully heal. Casts and splints are often made from fiberglass or plaster, generally splints are made of acrylic, polyethylene foam, plaster of Paris, or aluminum, which can be easily molded to the shape of injured arm or leg. Splints are also known as half-casts which are easier and faster to use and they can be easily tighten or loosen as per the injured leg or arm. Readymade splints are available in many different shapes and sizes. In some cases splints are used immediately at the time of operating an injured leg or arm.
Generally casts are external devices used for only certain types of fractures normally those that are simple, closed where there is no exposure of the bone through the skin surface and located below the elbow or knee basically casts are made of fiberglass resin. There are many types of splints and casts such as ulnar gutter, radial gutter, thumb spica, posterior knee, off-the-shelf immobilizer long arm posterior, double sugar-tong and single sugar-tong.
The increase in fracture rate around the world is another supporting factor for the growth of orthopedic splints and casts market. As per the stats published by International Osteoporosis Foundation (IOF), 1 in 3 women and 1 in 5 men suffers from any type of fracture annually which results in pain, loss of quality of life and debilitation. Furthermore, around 33% among all adults who suffer from a hip fracture become physically impaired and physically dependent. Also, as per Osteoporosis Canada, at least 1 in 3 women and 1 in 5 men will suffer from osteoporotic fracture during their lifespan whereas, osteoporosis causes around 70-90% of 30,000 hip fractures yearly in Canada.
Rise in aging and obese population expected to support the growth for orthopedic splints and casts market
The North America is expected to contribute a major share followed by Europe in orthopedic splints and casts market due to rise in obese population among these regions. As per National Conference of State Legislatures (NCSL), in 2014, 78 million adults and 12 million children were obese in U.S. furthermore, it is expected that this number will increase at high rate in the near future due to unhealthy habits and lack of physical activity. According to the National Center for Health Statistics (NCHS), in 2011–2014, the prevalence of obese was around 36% in adult’s and17% in youth.
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Also, the high growth is expected from Asia Pacific region in forecast period supported by increase in number of obese population and number of fractures. World Health Organization (WHO) published stats in 2014, that in China around 6.9% adults were obese and in India 4.9% of adults were obese out of total population. This number is expected to grow at high rate supported by rapid economic development among emerging countries such as India and China.
Aging is more liable to bone disorders such as arthritis, back pain and osteoporosis. The same is for the obese, wherein the accumulation of excess fat and cholesterol results the increase in body weight, causing pressure on the joints in the lower extremity. According to World Health Organization (WHO) worldwide obesity in 2014, was more than 1.9 billion in adults and the number will rise in the near future supported by increase in economic development and decline in physical activity among developed regions.
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