[FURL=https://www.industryarc.com/Report/16939/orthopedic-braces-support-casting-splints-market.html?utm_source=BriefingWire.com&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Orthopedic Braces & Support, Castings & Splints Market[/FURL] 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.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.
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Orthopedic Braces & Support, Castings & Splints Market Segment Analysis Drivers
Rising Orthopedic Injuries
Growing Geriatric Population
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.
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