Cast Saw Devices Market

Global Cast Saw Devices Market Size (2023 to 2028)

The cast saw devices market size is anticipated to be worth USD 267.9 million by 2028 from USD 208.7 million in 2023, growing at a CAGR of 5.12% from 2023 to 2028.

Global Cast Saw Devices Market Share Insights:

• Based on Saw type, the battery-powered segment had a significant share in the global cast saw devices market in 2022.
• Based on application, the fiberglass cast removal segment accounted for the leading share of the global market in 2022.
• The North American cast saw devices market held the major share of the global market in 2022.

Impact of COVID-19 on the cast saw devices market:

The cast market saw devices experience a decline in growth due to the adverse impact of the pandemic. Globally, the outbreak and subsequent lockdowns have led to the cancellation or postponement of a significant number of elective surgeries. A decrease in the incidence of road accidents resulted in a reduction in associated injuries and fractures. The healthcare industry experienced a shift in treatment focus from orthopedic procedures to Covid-19 patients, resulting in a short-term negative impact on the market, particularly in specialty hospitals. The logistics industry's significant impact due to the lockdown is expected to cause further stranded raw material orders. Amid the ongoing COVID-19 pandemic. The Cast saw devices market experienced a slowdown because of supply and manufacturing shortages, which had an adverse impact. However, the market is now gaining momentum in the post-pandemic phase, with orthopedic procedures returning to pre-pandemic levels worldwide. Additionally, there has been a surge in sports injuries and trauma cases resulting from accidents, contributing to the market's growth.

MARKET DRIVERS:

The growing aging population worldwide is one of the key factors propelling the cast saw devices market growth. The rise in sports injuries, accidents, physical damages resulting from falls in older individuals, and cases of osteoporosis. The prevalence of osteoporosis has impacted a significant number of individuals. The condition leads to decreased bone density and strength, resulting in a higher susceptibility to fractures. The ailment often leads to severe distress, prolonged disability, and untimely mortality among those affected.

The rising incidence of fractures is anticipated to accelerate the demand for plasters, consequently leading to an increase in demand for plaster removal devices. Technological advancements, growing awareness about the benefits of cast saw devices, increasing number of improvements in healthcare infrastructure in emerging economies, growing disposable income and increasing healthcare spending fuel the growth rate of the cast saw devices market.

The rising demand for minimally invasive procedures, an increasing number of orthopedic procedures, growing participation in sports and physical activities, an increasing number of orthopedic clinics and rehabilitation centers and favorable reimbursement policies promote the market growth. The growing adoption of outpatient surgeries, technological innovations in cast saw devices, increasing demand for faster and more efficient cast removal procedures and rising emphasis on patient comfort and safety favor the market growth.

The rising demand for pediatric cast saw devices, expansion of the medical tourism industry, growing prevalence of chronic diseases leading to orthopedic complications, rising investments in research and development of cast saw devices and strategic collaborations and partnerships among key market players further contribute to the cast saw devices market.

MARKET RESTRAINTS:

Strict regulations and compliance standards, inadequate healthcare infrastructure, limited availability and accessibility of cast saw devices and high initial costs associated with cast saw devices are some of the major factors hampering the market growth. Lack of skilled healthcare professionals, limited awareness among patients, the availability of alternative methods for cast removal such as manual cast removal or the use of traditional tools and inadequate or limited reimbursement coverage for cast saw devices by insurance providers further hinder the growth of the cast saw devices market.

REPORT COVERAGE:

This research report on the global cast saw removal market has been segmented based on the type, application, end-user and region.

Cast Saw Devices Market - By Saw Type:

• Electric Cast Saw
• Battery-Powered Cast Saw

Based on saw type, the battery-powered segment is estimated to hold the leading share of the global market during the forecast period. The portability and mobility of battery-operated cast saws drive their adoption in various healthcare settings, which is one of the major factors propelling segmental growth. The growing demand for portable medical devices and the elimination possibility of hazards make battery-operated cast saws a safe and convenient option, time-saving and cost-effective features of battery-operated cast saws attract healthcare professionals and further boost the growth rate of the segment.

The electric saw segment is anticipated to witness the highest CAGR in the global market during the forecast period. Superior cutting efficiency and advanced features fuel the growth of electric cast saws. The growing demand for precision, control, and safety features drives the adoption of electric cast saws and propels segmental growth. Technological advancements enhance the performance and usability of electric cast saws and the growing incidence of orthopedic surgeries and trauma cases boosts the demand for efficient cast removal tools and contributes to segmental growth.

Cast Saw Devices Market - By Application:

• Plaster of Paris (POP) Cast Removal
• Fiberglass Cast Removal

Based on application, the fiberglass cast removal segment is projected to exhibit the highest share of the global market during the forecast period. The growing popularity of fiberglass casts due to their advantages over traditional POP casts, such as lighter weight, improved breathability, and increased durability is one of the major factors propelling the growth of the fiberglass cast segment in the global market during the forecast period. The enhanced cutting capabilities for fiberglass casts compared to POP cast removal, the growing awareness about the benefits of fiberglass casts among healthcare professionals and patients and technological advancements in the manufacturing of fiberglass casts further fuel the growth rate of the fiberglass segment.

The POP segment is anticipated to account for a considerable share of the global market during the forecast period. Factors such as the growing usage of POP casts in orthopedic procedures due to their cost-effectiveness, availability, and ease of application and the higher prevalence of POP casts in certain regions primarily drive the growth of the POP cast removal segment in the global market.

Cast Saw Devices Market - By End-User:

• Hospitals
• Clinics
• Ambulatory Surgery Centers

Based on end-user, the hospital segment had the leading share of the global market in 2022 and the domination of the segment is likely to continue throughout the forecast period. The growing volume of orthopedic surgeries and procedures that require a cast application and subsequent removal happening at hospitals is one of the key factors driving the growth of the hospital segment. The availability of well-established healthcare infrastructure, including specialized orthopedic departments and surgical facilities and skilled orthopedic surgeons and healthcare professionals who are trained in cast application and removal procedures further propel the segmental growth.

Cast Saw Devices Market - By Material:

• Stainless Steel
• Titanium Nitride
• On Nitride
• Others

Based on material, the titanium nitride segment is anticipated to hold the largest share of the global market during the forecast period. Enhanced durability and wear resistance of titanium nitride-coated blades, reduction in friction and heat generation during cast removal procedures drive the segmental growth. Improved cutting performance with smooth cutting surfaces and resistance to corrosion and chemical damage, ensuring blade longevity further fueling the growth rate of the titanium nitride segment.

Cast Saw Devices Market - By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

North America had the largest share of the global market in 2022 and the domination of the North American region is anticipated to continue throughout the forecast period. The availability of advanced healthcare infrastructure such as state-of-the-art hospitals and medical facilities that facilitate the adoption and utilization of cast saw devices primarily drive the growth of the cast saw devices market in North America. The high prevalence of orthopedic conditions and fractures, growing demand for efficient cast removal tools and technological advancements in the North American region further contribute to North America's cast saw devices market growth. North America is at the forefront of innovation and development in the field of cast saw devices and fuels the North American market growth.

Europe is a prominent regional market for cast saw devices and is expected to account for a substantial share of the global market during the forecast period. The growing number of orthopedic surgeries, including joint replacements, trauma surgeries, and sports-related injuries in Europe primarily drive the European market growth. The rising demand for cast saw devices to facilitate efficient and safe cast removal procedures boost the growth rate of the European market. Favorable healthcare policies from many European countries ensure access to medical devices including cast saw devices and these policies encourage the adoption of advanced technologies to promote regional market growth.

APAC is anticipated to be the fastest-growing regional market among all regions during the forecast period. The presence of a large population, increasing healthcare expenditure, and rising awareness about orthopedic treatments drive the demand for cast saw devices in this region and fuel the APAC market growth. The growing prevalence of orthopedic conditions, including fractures and osteoporosis, further boosts the APAC market growth. The growing number of improvements in the healthcare infrastructure and increasing investments in medical technology further contribute to the adoption and growth of the cast saw devices market in Asia Pacific.

Latin America held a considerable share of the worldwide market in 2022 and is expected to grow at a healthy CAGR during the forecast period owing to the growing medical tourism industry that attracts patients seeking orthopedic treatments, rising investments in healthcare and technological advancements.

MEA is predicted to capture a moderate share of the global market during the forecast period. The growing awareness about orthopedic treatments drives the demand for cast saw devices, the rising incidence of orthopedic conditions, particularly fractures and trauma cases and the growing medical tourism sector, particularly in countries like the United Arab Emirates.

KEY MARKET PLAYERS:

DeSoutter Medical, Stryker Corporation, Medezine Ltd., BSN Medical GmbH, Mizuho OSI, Hallmark Surgical, Medezine AB, Suhong Medical, Ortosintese and L&R Medical are some of the major companies in the global cast saw devices market.

RECENT HAPPENINGS IN THE MARKET:

• Medezine unveiled its latest line of medical saws at Arab Health 2022 in January 2022. The latest market offering, Medecast cast saws, boasts an anti-noise design that addresses the issue of anxiety in children caused by loud cast saws.
• Hangzhou Zhengda Medical Co., Ltd. successfully obtained CE certification from the European Union for nine medical devices, including its cast-saw device, in January 2021.
• In April 2021, De Soutter Medical introduced its CC4 cast saw to the market. Equipped with a robust 110-watt motor, this product ensures swift and effective cutting, even on the most substantial body casts.