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    Orthopedic Braces & Support, Castings & Splints Market Projected to Grow at a CAGR of 5.9% During the Forecast Period 2021-2026
    (I-BusinessNews.Com, July 04, 2021 ) Orthopedic Braces & Support, Castings & Splints Market size was estimated at $6.8 Million in 2020, projected to grow at a CAGR of 5.9% during the forecast period 2021-2026. Growing geriatric population and increasing cases of accidents are the key factors boosting the Orthopedic Braces & Support, Castings & Splints industry. Orthopedic braces & support, castings & splints industry includes medical devices that are designed to address musculoskeletal issues. Casts and splints are strong wraps used to stabilize and secure injured bone, tendons, ligaments and other tissues. Casts includes casting tapes, plaster of paris, and plaster casts. Plaster casts or plaster of paris are most commonly used cast until 1970. Two most commonly used cast materials are plaster casts and fiberglass. A cast stretches all the way round the fracture or injury and it’s only in the doctor’s office. All the castings are custom-made of plater or fibre glass. A splint is a half cast. The hard part of the splint does not wrap around the damaged area. It is kept in place by means of an elastic bandage or other material. Unlike casts, splints are easily removed or adjusted. Most of the splints are custom-made from plaster and fiber glass. Others are pre-made and comes in several forms and sizes for various injuries. Both casts and splints allow broken bones to heal by holding the broken ends intact and as straight as possible. Casts and splints both aid with pain and swelling and shield the injured area from further damage.

    Orthopedics is a medical speciality branch that focuses on care of musculoskeletal system that includes bones, muscles, joints, tendons and ligaments. Orthopedic braces are medical instruments used to fix musculoskeletal problems. They are used to properly align, correct the posture, assist, stabilize and protect various areas of the body (especially joints, muscles and bones) from damage or trauma. These medical devices are recommended for the patient to wear during recovery and healing period. Patients who suffered from injuries like as fractures, sprains, dislocated joints, and broken bones benefits from wearing Orthopedic braces especially plaster of Paris. It allows them to restrict unnecessary motions during matches, making it easier to play. The geriatric population is regarded as one of the highest contributors to the demand for orthopedic braces & support, castings & splints. This population is very vulnerable to musculoskeletal disorders. Bones and connective tissues, like ligaments, cartilages, naturally degrade with growing age. This poses a high risk of muscle injury particularly in the knees and shoulders of the elderly. It further reinforces the joints, raising the need for braces and supports to enhance mobility. However, factors like high cost of orthopedic braces along with side effects like cast dermatitis and other skin allergies are caused by plaster of paris and casting tapes and splints hampers the Orthopedic Braces & Support, Castings & Splints Market growth.

    Orthopedic Braces & Support, Castings & Splints Market Segment Analysis – By Product

    Based on Product, Orthopedic Braces & Support, Casting & Splints Market is segmented into Orthopedic Braces & Supports – Upper extremity braces & support and Lower extremity braces & support, Casting Supplies & Equipment – Casting Tapes, Plaster Casts, Cast Cutters and Casting Tools and Accessories, Splinting Supplies & Equipment – Plaster splints, Fiberglass splints, Splinting tools and Accessories. Orthopedic braces & supports segment has accounted for the largest revenue market share in 2020 owing to various benefits offered by the braces from protection from post-surgical injury to correcting posture and improve mobility. As after wearing these braces during the period that is prescribed by the doctor, the patient is predicted to gain full function and improved mobility in the affected area. Braces are used in different ways. It is prescribed to stop particular segments of the body or joints from moving for prescribed period. It plays a vital role in facilitating proper recovery and improve posture as the affected body part heals. They are mostly recommended for restriction and to assist general movement, to avoid weight from healing or injured parts like joints and muscles and to correct the shape and functioning in order to reduce pain and improve mobility. Moreover, these braces are also prescribed to the patients who have suffered from broken bones or fractures to aid in musculoskeletal rehabilitation. Casting & Splints is predicted to grow with the fastest CAGR of 6.3% in the forecast period 2021-2026 as they serve to immobilize orthopedic injuries. Conditions like sprains, fractures, tendon lacerations, inflammatory conditions like arthritis and others benefit from immobilization. Synthetic casting tape is made of polyester or fiberglass used for rigid or soft immobilization. CURE cast offers more comfortable and better fitting cast. Casts & splints promotes healing, reduce pain, maintain bone alignment and protects injuries.

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    Orthopedic Braces & Support, Castings & Splints Market Segment Analysis – By End User:

    Based on End User Orthopedic Braces & Support, Casting & Splints Market is segmented in to Hospitals, Orthopedic Clinics and Ambulatory Surgical Centers. Orthopedic centers segment has accounted for the largest revenue market share in 2020 owing to raising number of orthopedic surgeries at these clinics along with proper post-surgery rehabilitation facilities. Hospitals segment is poised to grow with the fastest CAGR of 6.5% in the forecast period 2021-2026 owing to the fact that orthopedic injuries and accident cases are the most common cause of admission in hospitals. According to National Crime Records Bureau (NCRB) around 4,37,396 road accidents occurred across India in 2019, resulting in 1,54,732 deaths and injuries to the rest of members. Moreover, plaster of paris bandages, plaster cast are most commonly used in hospitals for casting and splinting the injured or surgical part.

    Orthopedic Braces & Support, Castings & Splints Market Segment Analysis – By Geography:

    Based on Geography, North America Orthopedic Braces & Support, Castings & Splints Market accounted for the 39% revenue share in 2020. This is majorly attributed to the innovations in orthopedic braces, growing geriatric population, rising incidence of orthopedic injuries. According to National Osteoporosis Foundation (NOF) in 2018, it is estimated that around 10.2 million adults in the United States have osteoporosis, along with 43.4 million having low bone mass. Asia-Pacific market is poised to grow with the fastest CAGR in the forecast period 2021-2026 owing its increase in aging population, growing incidence of accidents, rising rate of urbanization in India and government efforts in improving healthcare infrastructure in developing countries. A study in Delhi estimated that the prevalence of osteoporosis is 24.6% in men and 42.5% in women above 50 years.

    Orthopedic Braces & Support, Castings & Splints Market Segment Analysis Drivers

    Rising Orthopedic Injuries

    Orthopedic injuries are considered as most common cause to admit in hospitals owing to accidents and various other incidence. Sports injuries are poised to drive the demand for foot & ankle devices. Sports-related injuries, are increasing with the growing number of sports activities. Athletes are focused on certain fitness-related activities like cycling, running and others where they are likely to sustain injuries that further leads to ligament injury. In casting and splinting plaster of paris, plaster cast is more pliable and has slower setting time unlike fibreglass. It takes more time to apply and mold the material to set. Such materials like plaster of paris causes less heat, therefore reducing patient discomfort and risk of burns. Indoor athletes are at high risk of ligament tear and are poised to generate considerable demand for ankle braces. Athletes frequently use orthopedic braces to safeguard themselves from further injury during sports. According to American Academy of Orthopedic Surgeons (AAOS) approximately 25% of sports injuries are related to lower extremities like foot and ankle. Moreover, the growing incidence of accidents is another key factor boosting the market's growth.

    Growing Geriatric Population

    Rising geriatric population is the factor boosting the Orthopedic Braces & Support, Castings & Splints markets growth. Geriatric population is exponentially rising globally, that has contributed to increase in chronic diseases like osteoporosis. According to WHO, the global burden of chronic diseases is 57% in 2020 and it is estimated that the geriatric population is likely to reach 2 billion globally by 2050. In addition, growing obese population is another factor driving the Orthopedic Braces & Support, Castings & Splints market. According to Center of Disease Control and Prevention Risk Factor Surveillance System, in 2018, in the United States 71424.3 thousands of people suffer from obesity. The obese individuals are at higher risk of musculoskeletal & orthopedic injuries that aid to the demand for Orthopedic Braces & Support, Castings & Splints. For instance, according to the study by Indian Journal of Endocrinology and Metabolism, around 5-8.8% of school children are reported as obese in 2019 and it is estimated to be 27million by the year 2030.

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    Orthopedic Braces & Support, Castings & Splints Market Segment Analysis Challenges

    High Cost of material and its Side Effects:

    Braces are designed using different materials that are strong and are durable. Strength and durability are the major components for a brace in order to support the weight. But the cost associated with such materials is poised to hamper the markets growth. Moreover, orthopedic braces add weight and feels bulky and heavy causing discomfort. Adjusting braces according to comfort results in chafing of skin and some patients experience swelling as a side effect of wearing orthopedic braces. In addition, skin becomes sensitive in a cast or a splint. Scratching or itching inside the cast causes skin irritation and sometimes permanent scarring. This is also caused when the cast or splint is fit poorly.

    Orthopedic Braces & Support, Castings & Splints Market Segment Landscape:

    Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Orthopedic Braces & Support, Castings & Splints Market. Orthopedic Braces & Support, Castings & Splints Market top 10 companies are DJO Global, 3M Company, Zimmer, Ottobock Medi GmbH & Co., BSN Medical, Dynamic Techno Medicals, Ossur, Breg, Bauerfeinf, DeRoyal, Thasne, Truelife Prime Medical, Tynor Orthotics, ORTECH.

    Acquisitions/Product Launches:

    In July 2020, Breg Inc, announced its partnership with UK distributor “Joint Operations LLP” for expansion of its orthopedic products in the UK market.

    In August 2019, Intellirod Spine has launched iLink a Bluetooth-enabled sensor that is attached to any brace, orthotic or prosthetic to measure the wearing compliance, mobility daily by means of a smartphone app.

    Key Takeaways

    Geographically, North America Orthopedic Braces & Support, Castings & Splints Market held the largest revenue share of 39% in 2020 owing to the highest disposable income and growing geriatric population in this region.

    Increasing cases of accidents and growing geriatric population are the major factors driving the growth of Orthopedic Braces & Support, Castings & Splints market.

    Increase in FDA approvals for innovative orthotic braces are now rapidly delivering innovations in the Orthopedic Braces & Support, Castings & Splints Market.

    Increasing usage of plaster of Paris for treatment of fractures at lower cost will significantly boost the market growth on the forecast time period.

    Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market is provided in the Orthopedic Braces & Support, Castings & Splints Market.

    Related Reports :

    A. Orthotic Devices Market

    B. Australia Orthotic Devices Market

    For more Lifesciences and Healthcare Market reports, Please click here

    About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to to discuss more about our consulting services.


    Venkat Reddy

    (+1) 970-236-3677

    Source: EmailWire.Com


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