PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1527288
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1527288
The Global Cast Saw Devices Market is valued approximately at USD 192.61 million in 2023 and is anticipated to grow with a healthy growth rate of more than 4.76% over the forecast period 2024-2032. Cast saw devices are indispensable orthopedic tools employed for the removal of casts, typically crafted from plaster or fiberglass, used in fracture care. These devices utilize an oscillating blade in a bi-valve procedure that ensures safety and prevents any injury to the patient's skin upon contact. The market encompasses various types of cast saw devices, including electric saws with and without vacuum, as well as battery-operated equipment designed for the removal of plaster of Paris (POP) and fiberglass casts.
The market's expansion is predominantly driven by the rising incidence of sports injuries, accidents, and physical damages due to falls, particularly in the aging population, and osteoporosis. For instance, according to the 2021-2022 data on Accident and Emergency (A&E) activity in English NHS hospitals, total A&E attendances were 24.4 million, marking a 39.8% increase compared to 2020-2021. Similarly, the World Health Organization reported in July 2022 that approximately 1.71 billion people globally suffer from musculoskeletal conditions, resulting in a significant number of related injuries. These factors collectively boost the demand for cast saw devices. Moreover, data from the Centers for Disease Control and Prevention (CDC) indicates that unintentional injuries accounted for 200,995 deaths in 2020, with traffic accidents contributing to 40,698 fatalities in the United States alone. These statistics underline the increasing need for cast removal devices. Despite these positive drivers, the market faces challenges such as injuries associated with the use of cast saw devices and the high cost of electric cast saw devices with vacuum. These factors may hinder market growth during the forecast period.
Regionally, North America is expected to maintain a dominant position in the global cast saw devices market, attributed to the high incidence of osteoporotic fractures in the U.S. The National Osteoporosis Foundation (NOF) states that over 1.3 million osteoporotic fractures occur annually in the U.S. Europe is projected to witness significant growth due to the presence of numerous key players in the region dedicated to manufacturing and distributing cast saw devices. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period 2024-2032.