Casting refers to bone setting equipment commonly used for fractures having low complications. Casting are generally used for closed fractures, non-displaced fractures or often used when the fracture have been reduced. Splints are used during soft tissue injuries such as sprain, tendonitis, and joint dislocation or during complex bone fractures. Splints are generally used for open and displaced fractures or during surgery where large amount of swelling occurs.
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Casting and splinting in APAC is expected to offer lucrative growth opportunity during the forecast period owing to rising incidences of pathological and traumatic fractures. Additionally, development of bone injuries due to ageing and rising obesity among the populous leading to decrease in bone density and resulting in fracture of bones is further driving the demand for casts and splints market over the forecast period.
Growing incidence of pathological fractures such as osteogenesis imperfect and osteoporosis, stands to be driving the demand for casts and splints market in this region. For instance, osteoporosis, considered to be one of the most common cause of pathological fracture is on a rise in countries such as China and India. For instance, according to International Osteoporosis Foundation, it was estimated that over 50 million people were found to be either osteoporotic or have low bone mass in India. Other than this, rising bone cancer cases in this part of the region is further expected to drive the market growth.
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In terms of materials, plaster casts stands to be the one of the major markets owing to its wide availability and low cost. However, fiberglass casts is expected to witness higher growth rate during the forecast period owing to it being breathable, lightweight and offer higher durability.
Furthermore, focus on R&D is further expected to create new growth opportunities in this market. For instance, the Woodcast, a mouldable material made from sustainable wood chips and biodegradable plastic manufactured by Onbone Oy is under trail in New Zealand.
Some of the key leading players in the market include 3M Company, Stryker Corporation, BSN Medical GMBH, Ossur H.F., and Prime Medical.
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