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Cast Saw Devices Market Size
Cast Saw Devices Market size is anticipated to exhibit lucrative growth between 2024 and 2032, attributed to the surging incidences of bone fractures owing to the increasing prevalence of accidental injuries and orthopedic disorders. Recent estimations by the World Health Organization (WHO) suggest that 1 in 6 people across the world will be aged 60 years and above by 2030, with the population reaching an estimated 2.1 billion by 2050. This growing population is driving the rise in the disease burden, in turn, favoring the demand for cast saw devices.
Lately, newer saws are recording a high acceptance rate among patients as they have quieter motors, resulting in less anxiety for patients. The rising expenditure on health and well-being is making way for access to improved healthcare tools and services across developed economies. However, the lack of skilled professionals may act as a restraining factor as the mishandling of the devices can cause cuts and burns to the patient, further posing a challenge to the product demand. In contrast, the broad range availability of cast saw devices will positively influence the industry dynamics through 2032.
Cast Saw Devices Market Trends
Growing innovative technological developments are promoting the development of more precise and efficient cast saw devices while providing minimal risk solutions to prevent injury to patients during cast removal procedures. The surging demand for minimally invasive techniques in orthopedic procedures is boosting the adoption of cast saw devices to offer precise cutting with minimal tissue damage. The rising incidences of fractures and orthopedic surgeries coupled with expanding healthcare infrastructure is also complementing the industry gains.
Cast Saw Devices Market Analysis
By product, the battery-powered cast saw segment is poised to accumulate a decent revenue share by 2032, attributed to the diverse range of benefits offered these devices. The freedom of movement to users, which is particularly useful for the veterinary profession, ward work, medical emergency services, and several other applications is fueling the product demand. The ease of usage associated with these devices, the availability of interchangeable mains supply adaptors, and the cost-effective nature of solutions for clinics with limited budgets will also boost the segmental progression.
Cast saw devices market share from the fiberglass cast removal application segment is estimated to rise at commendable rate until 2032. Fiberglass casts are increasingly preferred due to their lightweight and waterproof properties, leading to the high demand for specialized saw devices tailored for their removal. Rising improvements in blade design and oscillation technology are enhancing the precision and efficiency during fiberglass cast removal. The adoption of cast saw devices is also improving patient comfort and reducing procedure times. The surging prevalence of orthopedic conditions is necessitating cast application, further amplifying the product uptake.
North America cast saw devices market is projected to register substantial growth through 2032. This can be attributed to the rollout of variety of products by regional manufacturers to consolidate their position in the market. The rising aging population, coupled with the high prevalence of orthopedic conditions, such as fractures and injuries are escalating the demand for cast removal procedures and associated devices. According to a report by the Organization for Economic Cooperation and Development (OECD), Mexico spends USD 1181 per capita on health. The robust healthcare infrastructure and increasing healthcare expenditure will also drive the regional industry progression.
Cast Saw Devices Market Share
Some of the major cast saw device companies are:
- Hanshin Medical
- De Soutter Medical
- OSCIMED
- Shanghai Bojin Medical
- Medezine
- Stryker
- McArthur Medical Sales
- Essity Aktiebolag
- Prime Medical
- Smith & Nephew
- Medline Industries
- HEBUmedical
Leading firms in the cast saw devices industry are adopting diverse business expansion tactics, including mergers, acquisitions, partnerships, and product launches to fortify their market presence.
- Cast Saw Devices Industry News:
- In January 2022, Medezine introduced a new lineup of medical saws at Arab Health 2022. Unlike loud cast saws that induce anxiety, Medecast saws boast of an anti-noise design, fostering a less intimidating experience for both adults and children.