Medical materials used to cover and support broken bones and
assist in the recovery process of the patient are called casts, and
devices used to operate such casts with minimal invasion are called
cast saw devices. Such devices operate to remove plasters with no
damage to the patient's skin.
WILMINGTON, Del., July 18,
2024 /PRNewswire/ -- The market report of TMR
suggests that the anticipated global cast saw device
market size will reach USD 273.6
million by 2034. The market value recorded in 2023 is
USD 182.8 million. Owing to a
sluggish advancement of the industry occurring at a CAGR of
4.6% during the forecast period, several opportunities are
likely to be created for new entrants and key players.
Cast saw devices are specialized tools used for safely and
effectively removing orthopedic casts. These devices typically
feature oscillating blades designed to cut through hard materials
like plaster or fiberglass without harming the underlying skin. The
global increase in orthopedic conditions, such as arthritis,
degenerative disorders, and fractures, is a key factor augmenting
the cast saw devices market growth. These conditions make casts and
medical casting saw devices critical care components in healthcare
facilities.
Innovations in cast saw device technology, including the
development of more efficient, safer, and user-friendly devices,
additional drive market growth. The expansion of healthcare
infrastructure, particularly in emerging economies, increases the
adoption of cast saw devices in hospitals and clinics. The
incorporation of digital sensors, ergonomic minimalist designs, and
noiseless features enhances patient comfort and the overall
rehabilitation experience. Companies manufacturing cast saw devices
are innovating in surgical bone saw equipment and plaster cutting
devices to meet the rising global demand.
Additionally, the increase in sports-related injuries and a
growing interest in physical fitness contribute to the demand for
cast saw devices over the forecast period. North America is anticipated to hold a
foremost position in the global cast saw devices market, due to
increasing number of osteoporotic fractures in the U.S. market.
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With the rising cases of orthopedic diseases, including
osteoporosis, fractures, and many more, the demand for relevant
treatments and therapies is expected to grow. This rising demand is
expected to assist the growing prospects for the competitive
landscape.
The growing geriatric population is a key driver for orthopedic
disorders. Owing to the reduced bone density and calcium deficiency
with age, the probability of fractures and other chronic orthopedic
issues increases, creating prospects for leading organizations in
the ecosystem.
Coverings of fiberglass and materials used in plasters can be
removed effectively with the help of cast saws. The comfort level
of patients can be maintained with the help of such operations.
Owing to such key benefits the demand for cast saw devices spurs in
the medical industry.
The rising demand for minimally invasive treatments is expected
to augment the market size. Patients have been more inclined toward
using treatments with the least surgical operations and blood loss.
Cast saw devices can cater to the said demand, which elevates
business opportunities for key players in the industry.
Technological advancement and the integration of cutting-edge
devices during the production of cast saw devices enhance the
operational efficiency of such devices. Caregiving processes can be
enhanced through such developments, and hence, this can be a key
factor augmenting the market growth.
With the rising investments and efforts to bolster the
healthcare industry, more fueling forces can be induced.
Governments of different countries are making conscious efforts to
consolidate the healthcare industry, driving the market size.
Cast Saw Devices Market Report Scope:
Report
Coverage
|
Details
|
Forecast
Period
|
2023-2031
|
Base
Year
|
2017-2021
|
Size in 2022
|
US$ 182.8 Mn
|
Forecast (Value) in
2034
|
US$ 273.6 Mn
|
Growth Rate
(CAGR)
|
4.6 %
|
No. of
Pages
|
194
Pages
|
Segments
covered
|
By Saw Type, By
Application, By End-user Industry, By Region
|
Key Findings from the Market Report
- According to the cast saw device market segmentation, key
parameters can be used to differentiate several important
categories based on the importance of each segment. The saw-type
segment of the industry is governed by battery-operated saws due to
the elevated efficiency of the category.
- Electric saw without vacuum can offer better control over
operations, and therefore, the said category of the segment is
expected to generate more business opportunities for firms.
- Based on the application segment, plaster-of-paris (POP) cast
removal is expected to govern the ecosystem. With the rising cases
of fracture, the demand for the category is set to increase.
- Hospitals are set to govern the end-user segment due to the
availability of better infrastructure.
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Regional Profile
- The projected cast saw device market growth in North America is set to induce several
prospects for leading players in the industry due to the
establishment of a robust healthcare infrastructure.
- Owing to the growing initiatives from government and
non-government bodies, the scope for market development in the
region is increasing. As a result of such developments, more growth
opportunities can be created for emerging firms.
- With the elevated reach of healthcare facilities in remote and
rural areas of key countries in Asia-Pacific, more business opportunities are
generated in the said region.
Competitive Landscape
With recent developments in the cast saw device market, the
competitive space can be seen to be augmenting rapidly. Key players
in the industry use several expansion strategies, like strategic
collaborations, acquisitions, partnerships, mergers, and so on.
- Essity Aktiebolag is a key player in the ecosystem, which owns
several brands like Nosotras, Modibodi, TOM Organic, and many
more.
- Smith & Nephew plc offers many products and services for
wound management, orthopedic operations, ENT, and many more.
- Stryker offers airway management, ambulation and equipment
management, bed frames, and many more.
Key Players
- Essity Aktiebolag
- De Soutter Medical
- Smith & Nephew plc
- Stryker
- HEBU Medical GmbH
- McArthur Medical Sales Inc.
- Medezine Ltd.
- Rimec S.R.L.
- Prime Medical Inc.
- Shanghai Bojin Medical Instrument Co. Ltd.
- Hanshin Medical Co. Ltd.
- OSCIMED SA
Key Developments in the Cast Saw Device
Market
- In May 2024, Essity
Aktiebolag invested to develop a new research and development
center in France, diversifying the
business.
- In June 2024, Smith &
Nephew plc launched CORIOGRAPH Pre-Operative Planning and Modeling
Services to personalize robotic-assisted surgery.
Market Segmentation
Saw Type
- Electric Saw without Vacuum
- Electric Saw with Vacuum
- Battery Operated Saw
Application
- Plaster of Paris (POP) Cast
Removal
- Fiberglass Cast Removal
End-user Industry
- Hospitals
- Clinics
- Ambulatory Surgery Centers
Region
- North America
- Latin America
- Asia Pacific
- Europe
- Middle East & Africa
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