Orthotic Devices Casts and Splints Market Analysis

Distribution Channel {Institutional Sales (Hospitals, Orthopedic Clinics, Nursing Facilities), Retail Sales (Online Sales, Retail Pharmacies, Drug Stores)}

The global orthotic devices, casts, and splints market are segmented and analyzed for demand and supply by distribution channel into institutional sales and retail sales. Institutional sales are further subdivided into hospitals, orthopedic clinics, and nursing facilities, and retail sales are subdivided into online sales, retail pharmacies, and drug stores. Out of these segments, the institutional segment is anticipated to garner the largest market share by the end of 2037, backed by the increasing number of hospitals and orthopedic clinics globally along with growth in healthcare infrastructure. As per the data, there were over 65,000 private and public hospitals in India in 2019. In addition, the number of hospitalizations for road accidents and spinal cord injuries is also expected to increase to fuel the growth of this segment in the coming years.

Product Type {Casting Supplies & Equipment (Plaster Casts, Casting Tapes, Cast Cutters), Splinting Supplies & Equipment (Fiberglass Splints, Plaster Splint))}

The global orthotic devices casts and splints market is also segmented and analyzed for demand and supply by product type into casting supplies & equipment, splinting supplies & equipment, and others.  Out of these segments, the casting supplies and equipment are projected to garner the largest market share. The segment is further sub-segmented into plaster casts, casting tapes, cast cutters, and others. This can be owed to the increasing cases of road accidents, and poor skeletal health due to bad lifestyle habits among others. For instance, poor nutrition can lead to calcium and vitamin D deficiencies, which can result in weaker bones, which are prone to breaking easily.

Our in-depth analysis of the global market includes the following segments: