The market for assembling and splinting is expected to experience rapid growth over the forecast period, owing to the rising number of sports and vehicular accidents and other injuries, which in turn, is resulting in an increasing number of musculoskeletal problems among the populace.
The global Assembling and Splinting Market is forecasted to reach USD 4,052.0 Million by 2027, according to a new report by Reports and Data. Surging demand for assembling and splinting products in various shapes & sizes expedites the growth of the assembling and splinting market. These items provide the wounded component with added support and warmth, thus growing the need for assembling and splinting. Besides, increasing accessibility of such goods with the obtainability of several raw materials, including polyethylene, polyester, and fiberglass, should foster demand for assembling & splinting products.
Casts and splints are beneficial in immobilizing orthopedic wounds and stimulate healing by supporting bone alignment, reducing pain, secure the damaged area, and aid to compensate for muscular weakness in the vicinity. Assembling devices comprising orthopedic, body, plaster, or surgical assembling is often made of fiberglass/plaster, surrounding a limb to stabilize and upheld structural anatomy till the wound has healed. Splinting devices are deployed in several circumstances to provide support for spine/limb, comprising temporary support of possibly broken bones/damaged joints during any sort of activity. Assembling is an essential procedure for the majority of the fractures by offering more effective immobilization. Splints deliver several benefits over assembling in terms of easier and rapid application and letting for natural swelling at the time of the early inflammatory phase of the injury by averting pressure related concerns. The rising occurrence of on-road accidents and musculoskeletal injuries is also an essential factor in boosting the demand for assembling and splinting.
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The report puts an emphasis on the information regarding the key players with a special focus on their company profile, business overview, recent advancements, product catalog, and strategic business plans. It provides a comprehensive overview of the strategic alliances in the market under taken by the key players such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches, brand promotions, and corporate deals, among others.
Key companies operating in the market and profiled in the report include:
Svenska Cellulosa Aktiebolaget (SCA), 3M Healthcare, Corflex Inc., Prime Medical Inc., Patterson Medical Holdings Inc., Bird & Cronin Inc., DeRoyal Industries, BSN Medical GmbH, and AliMed, among others.
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The Assembling and Splinting market takes into account major geographical locations such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa to offer key insights into market growth, market size, market share, revenue growth, current and emerging trends, supply and demand ratio, import/export, consumer demand and behavior, and presence of key players in each region. The report offers an in-depth country wise analysis to impart better understanding of the market and its growth prospects.
Product Type Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- Assemblings
- Plaster Casts
- Assembling Plates
- Cast Cutters
- Others
- Splitting
- Fiberglass Splints
- Plaster Splints
Material Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- Polyester
- Polyethylene
- Fiberglass
- Plaster of Paris
- Others
Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- Hospitals
- Clinics
- Ambulatory Surgical Centers
Key Regions Analyzed in the Report include:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
Furthermore, it consists information about individual segment of the Assembling and Splinting market based on the types and application. The report also offers insights about the key segments expected to register significant revenue growth over the forecast period and primary trends influencing their growth. It also offers CAGR and market share values for each segment to provide clear understanding of demand and trend in the global market.
Further key findings from the report suggest
- Based on product type, splinting products generated a revenue of USD 1,114.0 million in 2019 and is expected to grow with a CAGR of 5.5% in the forecast period, owing to benefits associated with them such as manufacturing ease of plastic splints, which allows fast customization of splints coupled with high versatility and strength of neoprene splints.
- The polyethylene material is expected to grow with a CAGR of 6.2% in the forecasted period, owing to its superior properties, including low strength, hardness, and rigidity, but has high elasticity and impact strength as well as low friction, thereby making it suitable for a wide variety of applications.
- The application of Assembling and Splinting in hospitals majorly contribute to market growth. The commercial sector of the Asia Pacific region is the major shareholder of the market and held around 36.0% of the market in the year 2019, owing to the rising number of road accidents and other body injuries.
- The Asia Pacific dominated the assembling & splinting market in 2019. Factors driving the demand are the strong emphasis the region places on cost-effective and advanced procedures applied in the industry. The Asia Pacific area controlled approximately 46.0% of the market, followed by North America, which contains around 23.0% market in the year 2019.
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