Synthetic Casting Tapes Market by Type (Fiberglass Casting Tape and Polyester Casting Tape); by Application (Hospitals, Clinics and Home Care); by Regional Outlook (U.S., Rest of North America, France, UK, Germany, Spain, Italy, Rest of Europe, China, Japan, India, Southeast Asia, Rest of Asia Pacific, GCC Countries, Southern Africa, Rest of MEA, Brazil, Rest of Latin America) - Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2018-2026
Pune, India -- (SBWIRE) -- 11/08/2018 -- Industry Trends
Synthetic casting Market tapes made up of knitted fiberglass and polyester fabric impregnated with polyurethane resin. The tapes are majorly used in the application of common orthopedic casts, in prosthetics casts and orthotic devices. On exposure to water, moisture or humidity, the tape becomes rigid and hard. The tapes are lighter in weight, stronger and can be easily stretched conforming to the body contours. Owing to the superior conformity, no folds are required during the molding and thus resulting in to a lighter cast having fewer pressure joints. Hence, the secured lamination, long term durability and reduced breakdown risks have fueled the popularity of the synthetic casting tape among the orthopedic specialists, hospitals and clinics.
The synthetic casting tapes market was valued at US$ 512.49 Mn in 2017 is expected to reach US$ 681.78 Mn by 2022.
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Global Synthetic Casting Tapes Market, By Region, 2018 - 2026 (USD Million)
The synthetic casting tapes consists of a substrate which are prepared by the heat shrinkage of a wrap knitted fabric coated with water curable polyurethane prepolymer resin. Owing to its feature it provides patient comfort without any snagging. Furthermore, the material is radiolucent that provides clear X-rays and readings. The synthetic casting tapes are majorly used in fracture treatments. The increased injuries and bone fracture rate through sports and adventure related activities among different age groups has surged the growth of synthetic casting tapes. The synthetic tapes have also gained attraction owing to it multi-color variants. However, the characteristics of the tapes are only limited to fracture treatment. The cast are less accommodating to swellings in the necessity fragment moldings. Further, they are not water proof. Therefore, it is not preferred in acute settings. Despite, the challenges, innovative features which are emerging such as waterproof cast padding and stockinette's favor the growth of the market.
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Synthetic Casting Tapes Market, By Application Type
Based on the application type, hospital represents a larger market share than clinics and home care application. The growing number of injured, special bone treatments and critical accident bone fracture issues are majorly covered by the hospital specialists. Further, the increased rate of patients and varied size of synthetic casts are supplied in a large quantity to the hospitals than of clinics. In addition, government of different economies are also raising their investments for improving the medical supplies in hospitals to treat patients for severe conditions. Hence, the collective medical supplies and availability of orthopedic specialists in hospitals for severe conditions has fueled the growth of hospital segment in synthetic casting tapes market.
Synthetic Casting Tape Market, By Region Type
The majority of the manufacturing base of the companies are located in the Asia Pacific region as compared to the others. Further, the growing geriatric population and investments in the hospitals made by the governments in SAARC countries inhibits the growth of the market. Moreover, the rate of bone fracture treatments owing to irregular environmental calamities in the under developed regions such as South Asian countries and Pacific region countries have boosted the Asia Pacific region segment.
Competitive Landscape
The synthetic casting tapes market report covers both, qualitative and quantitative research of the market, as well as include comprehensive insights and developments methods adopted by the key players. The report encompasses competitive detailed analysis of the key players which are driving the market. The key business strategies such as Mergers & Acquisitions, affiliations, collaborations, and contracts adopted by the major players are also recognized and analyzed in the report. For each company, the report recognizes their manufacturing base, competitors, product type, application and specification, pricing, and gross margin.
Some of the primary market participants are 3M, BL Tech, BSN Medical, Lohmann & Rauscher, Ossur, Parker Medical Associates, Proteor, Tynor Orthotics Pvt. Ltd (Tynor), Troge Medical GmbH, S&F Inc, Prime Medical Inc., UTANCO INDIA, K.S. SURGICAL PVT LTD., Ansen Medical Technology Development Co., Ltd., CNF Medical among others.