Cast Removal Devices Market –Regional Analysis
The global CastRemoval Market is regionally segmented into North America, Latin America,Europe, Middle East, Asia Pacific, and Africa. North America holds the dominantposition in cast removal device market due to local manufacturers and highincidence of road injuries. For instance, according to the Association for SafeInternational Road Travel, in 2016, 2.35 million people were injured ordisabled every year due to road crash in the U.S. Asia Pacific is expected tobe fastest growing market over the forecast period due to increasing prevalenceof road accidents. For instance, according to the National Crime RecordsBureau, the number of road accidents in 2008 was 415 thousands, which increasedto 440 thousands by 2012 in India.
Cast removal devices are designedto cut cast material such as fiberglass, plastic or plaster and bandage thatare used for rehabilitation of the fractured bones or ruptured tendons. It ismainly used by orthopedic surgeons in hospitals and clinics to curemusculoskeletal injuries caused due to road accidents and during sportspractices. According to the U.S. Department of Health & Human Servicesreport on January 2018, road traffic injuries are a huge economic burden on lowand middle income economies and are estimated to cost US$ 518 billion globally.In many areas in the emerging economies, technology has still not found thereroots to grow and people use home remedies such as securing with wooden sticksinstead of casting plaster. The development of hospital facilities in theseareas will drive growth of cast removal device market.
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In November 2016, StrykerCorporation, one of the world's leading medical technology company, announced amulti-year collaboration with Indo UK Institute of Health's (IUIH) MedicityProgram to serve greater access to affordable services to patients in India,which will also help in propelling growth of cast removal device market.
Increase in frequency of roadaccidents and musculoskeletal injuries during sports is expected to drivegrowth of the cast removal devices market. According to a survey published bythe World Health Organization (WHO) in Jan, 2018, over 3,400 people die on theworld's roads every day and tens of millions of people are injured or disabledevery year. Also, according to the John Hopkin’s Medicine, in the U.S., over3.5 million children at the age of 14 and younger get hurt annually by playingsports or participating in recreational activities.
The upcoming 2030 Agenda forSustainable Development adopted by world leaders aims at halving the globalnumber of deaths and injuries from road traffic crashes by 2020. Moreover, from2015-2019, the World Health Organization is collaborating with the BloombergInitiative for Global Road Safety (BIGRS) to reduce fatalities and injuriesfrom road traffic crashes. Such forthcoming schemes of the governmentalorganizations will hinder growth of cast removal devices market, whereas peopleneglecting traffic rules or distracted driving because of alcohol and otherabuse, unsafe road infrastructure, below mark vehicle quality, and many othersfactors are expected to propel the cast removal device market growth.
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The strategies adopted by keymarket players to come up with innovative technologies such as noise free ordebris free plaster cutters at affordable rates are lucrative opportunities forgrowth of the cast removal device market. Cast removal devices are scary andtraumatic for most of the patients due to noise and blade rotation, however,OrthoPediatrics’s Quiet cast removal device was a major leap forward intechnology in 2009. Shanghai Bojin Medical instrument Co., Ltd. aimed at comingup with products and solutions with reduced medical costs and lessening thefinancial burden of the patients. The companies also aims at providing aftersales services to the end users, which will propel growth of cast removaldevices market. Moreover, cast saws can produce thermal injury or abrasionsduring cast removal, compromising patient care and can result in litigation.The advancement for avoiding cast-saw burns will also enhance the growth ofcast removal device market.
Cast Removal Devices Market –Competitors
The major players operating inthe cast removal devices market include DeSoutter medical, Erbrich InstrumenteGmbH, Ermis MedTech, Hanshin Medical Co.,ltd, HEBUmedical GmbH, Osimed medical,Rimec S.R.L., Shanghai Bojin Medical instrument Co., Ltd., Stryker, andTREU-Instrumente GmbH.
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