Cast Covers Market Scope
Cast cover is generic cast protector and available in various designs and features such as waterproofing and others. Waterproofing cast cover enables the user to swim and new products launch by key players have been supplementing the market. Increasing number cast cases due to the high number of road accidents as well as an increasing number of sports injuries can be considered a the major driver for the market. Additionally, increasing disposable income and rising standard of living in the developed and developing economies and increasing government funding to develop healthcare infrastructure have been fueling the growth of the market.
According to AMA, the Global Cast Covers market is expected to see growth rate of 4.1%
The Vendors having a strong hold in the market are United Ortho, AlboLand, QOL Medical LLC, Innovation Rehab, A.Algeo, United Surgical, Briggs Healthcare. Research Analyst at AMA estimates that European and United States Vendors will contribute to the maximum growth of Global Cast Covers market throughout the predicted period.
United Ortho (United States), AlboLand (Italy), QOL Medical LLC (United States), Innovation Rehab (United Kingdom), A.Algeo (United Kingdom), United Surgical (India), Briggs Healthcare (United States) and iBuddy Ltd (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are ALGEOS (Merseyside).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Cast Covers market by Type (Arms and Legs) and Region with country level break-up.
On the basis of geography, the market of Cast Covers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On April 2017, United Orthopedic had acquired A-Spine Asia in approximately USD 20 million. The main of the acquisition is to expand sales in the Chinese market.
On January 2018, Supersleeves (Arm Cast Cover Startup) has announced its new launch of the new-and-improved website. The new website offers many options and perfect filter that enables to find perfect cast cover accordingly. The new launch of the company can create a new opportunity for the company in the operating market.
Market Trend
- Rising Trend for Water Proof Cast Cover and New Attracted Designs
Market Drivers
- Increasing Number of Road Accidents across the Globe
- Increasing Disposal Income and Rising Standard of Living in the Developed and Developing Economies
Opportunities
- Increasing Government Funding to Develop Healthcare Infrastructure
- Increasing Product Launches and New Innovations in the Operating Market
Restraints
- Lack of Awareness about Benefits Associated with Cast Covers
- Fluctuation in the Prices of Raw Material
Challenges
- Intense Competition among Established Key Players Result in Pricing Wars
Key Target Audience
Cast Covers Manufacturers, Raw Material Suppliers, Suppliers and Distributors, Private Search Organizations, Government Bodies and Associations, Potential Investors and Others