Market Overview
The U.S. plastic cast saws market is US$ XX million in 2023 and is estimated to grow at a CAGR of XX% during the forecast period (2024-2031) to reach a value of US$ XX million in 2031.
Owing to the factors such as the rising prevalence of orthopedic conditions, the rising aging population, increasing advancements in the plastic cast saws and rising adoption of the plastic cast saws are expected to drive the market in the United States over the forecast period.
Advancements in materials and design have likely improved the performance and safety features of plastic cast saws, like manufacturers may have introduced saws with ergonomic designs to enhance user comfort and precision.
The patient's skin frequently comes into contact with the cast saw blade without cutting although it can cause lacerations when used over bony prominences. The design enables the saw to cut rigid materials such as plaster or fiberglass. In contrast, soft tissues such as skin move back and forth with the blade, dissipating the shear forces and preventing injury.
The U.S. plastic cast saws market is characterized by a demand for efficient and safe devices used in orthopedic care.
The high costs for advanced equipment and competition from alternative materials are the factors expected to hamper the market in the United States.
Opportunities lie in smart cast saws, pediatric-friendly designs and telehealth integration. Educational initiatives enhance user proficiency and promote best practices. Overall, the market presents significant potential for innovation and growth in improving patient outcomes.
Market Drivers
The rising prevalence of orthopedic conditions is expected to drive the plastic cast saws market in the United States over the forecast period.
For instance, according to the National Health Interview Survey (NHIS) estimated that one in two U.S. adults (in 2024, there are 126.6 million) had a musculoskeletal condition and there is a continuous rise in the prevalence and is expected to rise high in coming years which is expected to increase the demand for plastic cast saws in the United States.
With the aging population and an uptick in sports participation, the incidence of orthopedic injuries such as fractures, sprains and strains is on the rise. These injuries often necessitate the application of casts, subsequently increasing the demand for plastic cast saws for their removal.
Chronic conditions like osteoarthritis, osteoporosis and rheumatoid arthritis are becoming more prevalent in the United States. These conditions often lead to musculoskeletal problems that require orthopedic intervention, including the use of casts and, consequently, the need for cast saws.
The aging population in the United States is particularly prone to orthopedic issues such as fractures, joint degeneration, and osteoporosis. As this continues to expand, there is an associated increase in the need for orthopedic treatments, including the application and removal of casts, driving the demand for plastic cast saws.
For instance, the number of Americans ages 65 and older is projected to increase from 58 million in 2022 to 82 million by 2050 and the 65-and-older age group’s share of the total population is projected to rise from 17% to 23%.
Market Restraints
High Cost Associated with Cast Saws
The high cost associated with the plastic cast saws is expected to hamper the market over the forecast period.
The high cost of acquiring plastic cast saws can strain the budgets of healthcare facilities, particularly smaller clinics, outpatient centers and facilities in underserved areas. This may lead to reluctance to invest in new types of equipment or upgrade existing plastic cast saws.
For instance, the average cost of the plastic cast saws ranges from $228.99 to $5,520.00 based on the features.
Patients and hospitals & clinics may face out-of-pocket expenses for orthopedic procedures involving cast application and removal and also cast saw equipment for hospitals.
High costs associated with plastic cast saws could translate to increased healthcare expenses for patients, potentially impacting treatment decisions and healthcare utilization.
Manufacturers may face challenges in pricing their products competitively while maintaining profitability. Intense competition in the market may lead to pricing pressures, with manufacturers seeking to balance affordability with product quality and features.
Covid-19 Impact Analysis
The COVID-19 pandemic significantly impacted the U.S. plastic cast saws market.
The pandemic disrupted the supply chains of plastic cast saws and also their raw materials, leading to shortages of raw materials, components and finished products. Manufacturers of plastic cast saws faced challenges in sourcing necessary materials and components, resulting in production delays and supply constraints in the United States.
Healthcare systems prioritized resources and personnel towards combating the COVID-19 pandemic, leading to delays or cancellations of non-urgent medical procedures including orthopedic conditions requiring cast application and removal. This reduced demand for plastic cast saws during the peak of the pandemic.
Patients were more hesitant to seek medical care due to fear of exposure to the virus in healthcare settings. This led to a decrease in patient volumes for orthopedic procedures including those requiring cast application and removal, this impacting the utilization of plastic cast saws in the U.S.
Regulatory agencies such as FDA, implemented emergency measures to address pandemic-related challenges, such as promoting approvals for medical devices and relaxing certain requirements. Manufacturers of plastic cast saws had to adapt to these changes while ensuring compliance with safety and quality standards.
MARKET SEGMENTATION – BY END-USER
The market value for hospitals is likely to reach USD XX million in 2031, from its recorded value of USD XX million in 2023, growing with a CAGR of XX% during the forecast period 2024 to 2031.
There are 6,120 hospitals in the United States. As the national voice and advocate for the nation’s hospitals and health systems, the American Hospital Association is committed to providing hospital statistics like this and data to support the field, including its annual survey of hospitals in the United States.
In addition, there are 1,551 public hospitals are actively operating in the U.S.
These hospitals in the United States are likely to adopt the plastic cast saws.
Market Competitive Landscape
The U.S. plastic cast saws market is expected to be moderately competitive, owing to the presence of big brands. Also, the market is expanding due to the presence of several large and regional players entering the market.
The key players that are contributing to the growth of the market include Zimmer Biomet Holdings, Inc, Stryker Corporation, Essity Aktiebolag, De Soutter Medical, Medline Industries, LP, Innomed, Inc., Dispomed Ltd., OSCIMED SA, Surtex Instruments Limited and Prime Medical Inc. among others.
The key players are adopting strategies such as partnerships, mergers, acquisitions and regional expansion to stand out as strong competitors in the market. Novel services and enhanced focus on research and development are other ways the leading players can improve their market presence.
