Global orthopedic splints and casts market was valued at USD 2160.6 million in 2017, and is projected to exhibit a CAGR of 6.1 percent from 2018 – 2026. The orthopedic splints and casts market is expected to gain significant traction as manufacturers in the market are focused on developing cost-effective fiberglass casts and splints with innovative design and biocompatible materials. Increasing incidence of trauma associated with road accidents, falls, and sports injuries causing severe skeletal injuries is expected to propel the orthopedic splints and casts market growth. According to the Global Burden of Disease report published by Lancet in 2015, road injuries is one of leading causes amongst 20 causes of the disease burden worldwide.
Also, according to World Health Organization factsheet 2018, road accidents cause between 20 million and 50 million injuries every year, worldwide and are the leading cause of death among people aged 15-29 years. Also, over 1.25 million people die each year as a result of road traffic crashes. Furthermore, falls from height cause serious injuries, leading to hip or knee fractures, bruises, and head trauma. According to World Health Organization (WHO), 2018, around 37.3 million falls requiring medical attention were recorded, where an estimated 646,000 individuals die from falls globally, every year. Development of casts with open-lattice plastic design and through innovative technologies is also expected to boost sales of casting and splinting products worldwide, thus propelling the market growth. For instance, in 2016, Xkelet EasyLife SL, using its 3D printing technology developed 3-D-printed casts providing waterproof, customized, and comfortable option to patients, where the scanner gathers specifications of the broken limb, and a design software program builds a personalized cast.
Also, printing casts eliminates the variability of hand molding, whereas the openings allow doctors to easily assess skin health and ease the re-dressing of wounds, which may reduce the number of follow-up visits, thus increasing the adoption of these splints across medical facilities. Also, the new fiberglass tape- Delta Lite Plus by BSN Medical, combines fiberglass substrate and advanced water activated polyurethane resin system, which provides tack free properties, allowing for easy application and molding. – Coherent Market Insights