South & Central America Clinic Casting and Splinting Products Market Forecast to 2030 - Regional Analysis - by Product {Casting and Splinting}, Application, and Material

The South & Central America clinic casting and splinting products market is expected to grow from US$ 64.74 million in 2022 to US$ 92.60 million by 2030. It is estimated to grow at a CAGR of 4.6% from 2022 to 2030.

Advancements in 3D Technology in Casting and Splinting Fuels South & Central America Clinic Casting and Splinting Products Market

The rapid development of 3D printing implies fast penetration 3D printing techniques into the healthcare system, especially for treating fractures. In rehabilitation tool manufacturing, 3D printing technology is applied to orthopedic cast fabrication to create patient-specific features with an appropriate fit and a ventilated structure. The novel casting technology heals the fracture effectively without casting complications. The 3D-printed cast is customized and lightweight.

Patient-specific and 3D-printed casts develop proper fit according to the shape of the injured arm. Thus, the risk of stress concentration can be reduced since large contact areas are created. 3D printing makes the fabrication process simpler and in shorter period, especially in a customized design. On that account, the application of 3D printing in biomedical engineering is growing and promising to be practiced in the future. Also, the customizable hand cast made by using 3D printing technique is reliable and provides comfort and satisfaction to the patients. 3D printing is an evolving technology that has a potential application in treating pediatric forearm fractures. These factors can lead to better patient compliance. The 3D-printed cast proved to be superior in terms of satisfaction, comfort, and perceived function as compared to the fiberglass. Thus, the above-mentioned factors would create significant opportunities for the South & Central America clinic casting and splinting products market in the coming years.

South & Central America Clinic Casting and Splinting Products Market Overview

The South & Central America clinic casting and splinting products market is segmented into Brazil, Argentina, and the Rest of South & Central America. The market is likely to propel during the forecast period owing to the growing advancements in healthcare infrastructure that directly impacts the economy of Brazil to a large extent. The cost-saving advantages and product development are also cited as major factors for clinic casting and splinting products service providers to establish bases in South & Central America. As per Brazil's Ministry of Health, by 2030, Brazil is anticipated to rank fifth in terms of geriatric population worldwide. According to Pan American Health Organization (PAHO), in 2022, Brazil had more than 30 million people aged above 60, which represents 30% of the total population. The number of people aged above 60 is expected to reach ~50 million, which is expected to represent 24% of the total population of Brazil by 2050. According to IOF, the lifetime prevalence of fractures is 37.5% among men and 21% among women. The geriatric population is at a greater risk of fractures due to low bone density; this, in turn, is expected to boost the demand for clinic casting and splinting products.

South & Central America Clinic Casting and Splinting Products Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Clinic Casting and Splinting Products Market Segmentation

The South & Central America clinic casting and splinting products market is segmented into product, application, material, and country.

Based on product, the South & Central America clinic casting and splinting products market is segmented into casting and splinting. The casting segment held a larger share of the South & Central America clinic casting and splinting products market in 2022. The casting is sub-segmented into casts, tapes, cutters, and casting accessories. The splinting segment is further segmented into splints and splinting accessories.

Based on application, the South & Central America clinic casting and splinting products market is segmented into acute fractures or sprains, tendon and ligament injuries, and others. The acute fractures segment held the largest share of the South & Central America clinic casting and splinting products market in 2022.

Based on material, the South & Central America clinic casting and splinting products market is segmented into Plaster of Paris, fiberglass, and others. The Plaster of Paris segment held the largest share of the South & Central America clinic casting and splinting products market in 2022.

Based on country, the South & Central America clinic casting and splinting products market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America clinic casting and splinting products market in 2022.

3M Co, DeRoyal Industries Inc, Essity AB, Ossur hf, and Zimmer Biomet Holdings Inc are some of the leading companies operating in the South & Central America clinic casting and splinting products market.

Reasons to Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America Clinic Casting and Splinting Products Market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the South & Central America Clinic Casting and Splinting Products Market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.