About Casting Tape-
Casting tape is a medical tape that is used to create a cast for broken bones. It is used by orthopedic specialists to immobilize injured limbs, stabilize broken bones, muscles, torn ligaments, and many more. The casting tape provides support and protection while the injury heals and can be removed once healing is complete. It has a wide range of benefits, including replacing the costly replacement procedures for joint damage. Lightweight for easy mobility, it has a nature of stretches that stretch according to comfortability, the soft edges of the casting tape can improve patient comfort, etc. The development of new materials and technologies is leading to innovative casting tapes with better conformability, strength, and patient comfort. These advancements will further drive market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The competitive landscape is characterized by ongoing product innovation, strategic partnerships, and acquisitions aimed at expanding market presence and meeting evolving customer needs. As the demand for orthopedic casting tapes continues to grow, competition among market players is expected to intensify, driving further innovation and advancements in the field. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Casting Tape- market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bauerfeind (Germany), MetalTek (United States), 3M (United States), Essity Health & Medical (Sweden), DJO, LLC (United States), PAUL HARTMANN AG (Germany), Medline Industries, LP. (United States), Smith+Newphew (United Kingdom), Molnlycke Health Care (Sweden), Infinity Ortho (India), Andover Healthcare (United States), Johnson & Johnson Private Limited (United States), A.M.G. PHARMA (India), Zimmer Biomet Holdings, Inc (United States) and Troge Medical GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are ParkerMedicalAssociates.com. (United States), S&F Inc. (Japan), Healthium Medtech Limited (India) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Casting Tape- market by , Application (Fracture Management, Post-Surgery Support, Sprains and Strains Treatment and Others) and Region.
On the basis of geography, the market of Casting Tape- 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). If we see Market by End Users, the sub-segment i.e. Hospitals And Clinics will boost the Casting Tape- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. E-Commerce will boost the Casting Tape- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Fiberglass will boost the Casting Tape- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased adoption of customized casting tapes and Increased focus on sustainability and eco-friendliness casting tapes
Market Growth Drivers:
Growing solutions of advance wound care and Technological advancements have led to development of lightweight, breathable casting materials
Challenges:
Casting tapes are sharp and may give rise to mechanical irritation of the skin. and Casting tape uses polyurethane which is not biodegradable material
Restraints:
Plaster casts tend to be heavier and Concern about the Quality of casting tape
Opportunities:
Provide casting tape-related services remotely.
Market Leaders and their expansionary development strategies
In November 2021, Hygiene and health company Essity has acquired Johnson & Johnson Consumer Inc.’s professional sports tape brands. The acquisition the company will also become leading among US sports medicine distributors.
In October 2021, Healthium Medtech Limited a global Medtech company focused on products used in surgical, post-surgical and chronic care, has launched of TRUSHIELD NXT surgical wound dressing, adding to its portfolio of patented products in the wound care and infection prevention segments.
Key Target Audience
Supplier, Manufacturer, End users’ industry, Research Organization, Government Regulatory and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.