Global Casting and Splinting Equipment and Supplies Market to Reach US$4.1 Billion by 2030

The global market for Casting and Splinting Equipment and Supplies estimated at US$3.1 Billion in the year 2023, is expected to reach US$4.1 Billion by 2030, growing at a CAGR of 4.3% over the analysis period 2023-2030. Casting Equipment & Supplies, one of the segments analyzed in the report, is expected to record a 4.6% CAGR and reach US$2.7 Billion by the end of the analysis period. Growth in the Splinting Supplies & Equipment segment is estimated at 3.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$813.8 Million While China is Forecast to Grow at 7.6% CAGR

The Casting and Splinting Equipment and Supplies market in the U.S. is estimated at US$813.8 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$923.9 Million by the year 2030 trailing a CAGR of 7.6% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.6% and 4.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR.

Global Casting and Splinting Equipment and Supplies Market - Key Trends & Drivers Summarized

What Are the Key Developments in Casting and Splinting Equipment?

The casting and splinting equipment and supplies market is witnessing significant advancements driven by a growing focus on patient comfort, faster recovery times, and improved fracture management techniques. Innovations in materials, such as fiberglass and thermoplastics, are replacing traditional plaster casts, offering better flexibility, durability, and patient convenience. The development of waterproof and breathable casting materials has further enhanced patient comfort and hygiene, encouraging their adoption in both clinical and home settings. In addition, 3D printing technology is emerging as a transformative force, enabling the creation of customized splints that perfectly fit a patient’s anatomy, thereby optimizing recovery outcomes.

Why Is There a Growing Demand for Casting and Splinting Solutions?

The demand for casting and splinting equipment is rising due to a steady increase in fractures and musculoskeletal injuries worldwide. The aging population, particularly in regions like North America, Europe, and Asia-Pacific, is more susceptible to bone injuries, driving the need for effective fracture management solutions. Additionally, the rise in sports-related injuries and road accidents globally has further bolstered the demand for these devices. Hospitals, clinics, and rehabilitation centers are increasingly focusing on adopting advanced casting and splinting products to provide superior patient care, reduce recovery times, and enhance treatment efficacy, all of which are fueling market growth.

How Are Healthcare Policies and Reimbursement Influencing the Market?

The regulatory environment and reimbursement policies significantly impact the casting and splinting equipment market. Favorable reimbursement policies in developed countries ensure that patients can access advanced treatment options without facing prohibitive costs. On the other hand, stringent regulatory standards for medical devices, particularly in the U.S. and Europe, require manufacturers to adhere to high quality and safety benchmarks, driving continuous innovation. Moreover, government initiatives to improve healthcare access and expand insurance coverage in developing regions are expected to increase the adoption of casting and splinting products, positively influencing the market dynamics.

What Are the Drivers for Market Growth in Casting and Splinting Equipment?

The growth in the casting and splinting equipment and supplies market is driven by several factors, including technological advancements in material science, the rising incidence of bone injuries, and the growing geriatric population. The shift from traditional plaster to modern, lightweight, and waterproof materials is enhancing patient compliance and comfort, thereby boosting demand. Increasing healthcare expenditure in emerging markets and the expansion of private healthcare facilities are also contributing to market growth. Furthermore, the integration of digital tools and 3D printing for custom-fit solutions and growing awareness about early injury management and rehabilitation are propelling the market forward.