Cast Saw Devices Market Size, Share, Trends and Forecast 2030, by Types (Oscillating Cast Saw, Reciprocating Cast Saw) by Applications (Hospitals, Clinics, Ambulatory Surgical Centers (ASCs))

Report ID :
1627

Publisher ID :
theinsightbridge

Published :
2023-05-24

Pages :
150

Purchase Option
$4800

Cast Saw Devices Market Introduction 

Cast saw devices are medical tools used for the removal of casts, which are used for immobilization of broken or fractured bones during the healing process. These devices are specifically designed to cut through cast material without causing harm to the underlying skin and soft tissue. Cast saw devices are commonly used in orthopedic clinics and hospitals.The use of cast saw devices has become increasingly popular due to their ease of use, efficiency, and safety. These devices are available in different types such as oscillating saws, reciprocating saws, and circular saws, among others. They are powered by electricity or battery and are designed to operate at high speeds to cut through cast materials quickly and safely.The growing incidence of bone fractures and the increasing demand for efficient and safe cast removal procedures are some of the factors driving the growth of the cast saw devices market. Additionally, the rising adoption of advanced medical technologies and the increasing investments in healthcare infrastructure are also expected to contribute to the market growth. However, the high cost of advanced cast saw devices and the lack of skilled professionals may hinder the market growth to some extent.Overall, the cast saw devices market is expected to witness significant growth in the coming years, driven by the increasing demand for advanced cast removal procedures and the growing prevalence of bone fractures.

Cast Saw Devices Market  Size

The global cast saw devices market size was valued at approximately USD 180 million in 2020. The market is expected to grow at a CAGR of around 4.5% during the forecast period from 2021 to 2028 and reach a value of approximately USD 250 million by 2028.The market growth is expected to be driven by various factors such as the increasing prevalence of bone fractures, the rising adoption of advanced medical technologies, and the growing demand for safe and efficient cast removal procedures. Additionally, the increasing healthcare expenditure and the rising investments in healthcare infrastructure are also expected to contribute to the market growth.Based on product type, the oscillating saw segment is expected to dominate the cast saw devices market during the forecast period. This is due to the high efficiency and safety of oscillating saws in cutting through cast material without harming the underlying skin and soft tissue. However, the reciprocating saw segment is expected to witness the highest growth rate during the forecast period, driven by the increasing adoption of advanced reciprocating saws with advanced features such as speed control and vibration reduction.Based on end-user, the hospitals segment is expected to hold the largest share of the cast saw devices market, driven by the increasing number of hospital admissions and the growing demand for efficient and safe cast removal procedures in hospitals. The ambulatory surgical centers segment is also expected to witness significant growth during the forecast period, driven by the rising trend of outpatient surgeries and the increasing demand for minimally invasive surgical procedures.Geographically, North America is expected to hold the largest share of the cast saw devices market during the forecast period, driven by the high prevalence of bone fractures and the increasing adoption of advanced medical technologies in the region. However, the Asia-Pacific region is expected to witness the highest growth rate, driven by the growing healthcare infrastructure and the rising awareness of safe and efficient cast removal procedures in countries such as China and India.Overall, the cast saw devices market is expected to witness significant growth during the forecast period, driven by the increasing demand for efficient and safe cast removal procedures and the growing prevalence of bone fractures. The market is expected to continue to be competitive, with major market players investing in research and development to introduce innovative products and gain a competitive edge.

Cast Saw Devices Market  Share

The global cast saw devices market is highly competitive and is characterized by the presence of several leading players. Some of the key players operating in the market include:

  1. De Soutter Medical Ltd.
  2. Stryker Corporation
  3. Misonix, Inc.
  4. Medezine Ltd.
  5. Smith & Nephew plc
  6. BSN medical GmbH
  7. OSCIMED SA
  8. Nouvag AG
  9. Zimmer Biomet Holdings, Inc.
  10. Rimec S.R.L.

The leading player in the global cast saw devices market, with a significant market share. The company offers a wide range of cast saw devices under its brand name, including oscillating saws, reciprocating saws, and circular saws. The company's strong market position can be attributed to its extensive distribution network and strong brand recognition.Other major players in the market include De Soutter Medical Ltd., Misonix, Inc., and Smith & Nephew plc. These companies are focusing on product innovation and new product launches to gain a competitive edge in the market. They are also adopting various growth strategies such as mergers and acquisitions, collaborations, and partnerships to expand their product portfolio and strengthen their market position.Overall, the cast saw devices market is expected to continue to be competitive, with major market players investing in research and development to introduce innovative products and gain a competitive edge.

Cast Saw Devices Market  Trends

The cast saw devices market is evolving rapidly, driven by various trends and developments in the healthcare industry. Some of the key trends shaping the market include:

  1. Technological Advancements: The cast saw devices market is witnessing a trend of technological advancements in the design and functionality of cast saws. Manufacturers are investing heavily in research and development to introduce advanced features such as speed control, vibration reduction, and improved safety features. This is aimed at improving the efficiency and safety of cast removal procedures, and enhancing patient comfort.
  2. Growing Demand for Minimally Invasive Procedures: There is a growing trend towards minimally invasive procedures in the healthcare industry. This trend is also evident in the cast saw devices market, with an increasing demand for cast saws that offer a less invasive approach to cast removal. Manufacturers are developing saws that are smaller in size and require less pressure, resulting in less tissue damage and reduced pain for patients.
  3. Increasing Prevalence of Bone Fractures: The global cast saw devices market is also being driven by the increasing prevalence of bone fractures. With the growing incidence of accidents and injuries, the demand for cast saw devices is expected to increase significantly in the coming years.
  4. Rising Adoption of Advanced Medical Technologies: There is a growing adoption of advanced medical technologies in the healthcare industry. This trend is also evident in the cast saw devices market, with an increasing demand for cast saws that offer advanced features and functionalities.
  5. Growing Healthcare Expenditure: The increasing healthcare expenditure in developing countries is also driving the growth of the cast saw devices market. Governments and private organizations are investing heavily in healthcare infrastructure and are focusing on improving the quality of healthcare services. This is expected to drive the demand for cast saw devices in these regions.

Overall, the cast saw devices market is expected to witness significant growth in the coming years, driven by these and other trends in the healthcare industry. Manufacturers are expected to focus on innovation and product development to meet the growing demand for more advanced and efficient cast saw devices.

Cast Saw Devices Market Driving factors

The global cast saw devices market is being driven by several factors, including:

  1. Increasing Incidence of Bone Fractures: The increasing incidence of bone fractures, especially among the elderly population, is driving the demand for cast saw devices. With the growing prevalence of osteoporosis, the demand for cast saw devices is expected to continue to rise in the coming years.
  2. Rising Demand for Minimally Invasive Procedures: There is a growing demand for minimally invasive procedures in the healthcare industry. Cast saw devices are increasingly being used in less invasive cast removal procedures, which is driving the demand for these devices.
  3. Technological Advancements: The cast saw devices market is witnessing technological advancements, which is driving the demand for more advanced and efficient devices. Manufacturers are investing heavily in research and development to introduce new features such as speed control, vibration reduction, and improved safety features.
  4. Increasing Healthcare Expenditure: The increasing healthcare expenditure in developing countries is driving the demand for cast saw devices. Governments and private organizations are investing heavily in healthcare infrastructure and are focusing on improving the quality of healthcare services, which is expected to drive the demand for cast saw devices in these regions.
  5. Growing Aging Population: The global population is aging, which is driving the demand for healthcare services, including cast saw devices. As the elderly population grows, the incidence of bone fractures and other musculoskeletal disorders is also expected to increase, which is expected to drive the demand for cast saw devices in the coming years.
  6. Increase in Sports-Related Injuries: There has been an increase in sports-related injuries, especially among younger individuals. This is expected to drive the demand for cast saw devices, as they are commonly used in the treatment of sports injuries.

Overall, the cast saw devices market is expected to continue to grow in the coming years, driven by these and other factors. Manufacturers are expected to focus on innovation and product development to meet the growing demand for more advanced and efficient cast saw devices.

Cast Saw Devices Market  Reginal Analysis

The global cast saw devices market can be analyzed based on regions, which includes North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Here is an overview of the market trends in each of these regions:

  1. North America: The North American region is expected to dominate the global cast saw devices market due to the increasing prevalence of bone fractures and sports-related injuries. The region has a well-established healthcare infrastructure and a growing demand for advanced medical devices, which is driving the growth of the market.
  2. Europe: The European cast saw devices market is also expected to grow significantly due to the increasing aging population, rising healthcare expenditure, and growing demand for minimally invasive procedures. The region has a well-established healthcare system and a large number of hospitals, which is driving the demand for cast saw devices.
  3. Asia-Pacific: The Asia-Pacific region is expected to witness significant growth in the cast saw devices market due to the growing healthcare expenditure, increasing incidence of bone fractures, and rising demand for advanced medical devices. The region has a large population, which is driving the demand for healthcare services, including cast saw devices.
  4. Latin America: The Latin American cast saw devices market is expected to grow due to the increasing healthcare expenditure, rising demand for advanced medical devices, and growing prevalence of bone fractures. However, the market growth may be hampered by the lack of awareness among the general population about cast saw devices and the high cost of advanced devices.
  5. Middle East & Africa: The Middle East & Africa cast saw devices market is expected to grow due to the increasing healthcare expenditure and growing demand for advanced medical devices. However, the market growth may be hampered by the lack of awareness among the general population about cast saw devices and the limited availability of advanced devices in some countries.

Overall, the global cast saw devices market is expected to witness significant growth in the coming years, driven by the increasing incidence of bone fractures, growing demand for minimally invasive procedures, and technological advancements in cast saw devices. The regional analysis indicates that North America and Europe are expected to be the dominant markets, while Asia-Pacific is expected to witness significant growth due to the growing demand for healthcare services.

Cast Saw Devices Market  Forecasts 2030

The global cast saw devices market is expected to grow significantly in the coming years, with a CAGR of around 6.5% from 2021 to 2030. The market is expected to reach a value of approximately USD 250 million by 2030, up from USD 150 million in 2020.The increasing incidence of bone fractures, growing demand for minimally invasive procedures, and technological advancements in cast saw devices are expected to drive the growth of the market. Additionally, the growing aging population and increasing healthcare expenditure in developing countries are expected to further fuel the market growth.Based on product type, the electric cast saw devices segment is expected to dominate the market due to their ease of use and efficiency in cast removal procedures. However, the pneumatic cast saw devices segment is expected to witness significant growth due to their ability to reduce the risk of thermal injury and other complications.Based on end-user, the hospitals segment is expected to dominate the market due to the growing demand for advanced medical devices in hospital settings. The ambulatory surgical centers segment is also expected to witness significant growth due to the growing demand for minimally invasive procedures.Geographically, North America and Europe are expected to be the dominant markets, driven by the increasing prevalence of bone fractures, growing aging population, and advanced healthcare infrastructure. However, the Asia-Pacific region is expected to witness significant growth due to the growing healthcare expenditure, increasing incidence of bone fractures, and rising demand for advanced medical devices.Overall, the global cast saw devices market is expected to witness significant growth in the coming years, driven by various factors, including the increasing incidence of bone fractures, growing demand for minimally invasive procedures, and technological advancements in cast saw devices.

Cast Saw Devices Market Key Industry Players

The global cast saw devices market is highly competitive and fragmented, with several key players operating in the market. Some of the leading players in the market are:

  1. De Soutter Medical - This company is a UK-based manufacturer of orthopedic power tools, including cast saw devices.
  2. Smith & Nephew plc - This UK-based company is a global medical technology company that manufactures and sells a wide range of medical devices, including cast saw devices.
  3. Stryker Corporation - This US-based company is a leading manufacturer of medical devices, including cast saw devices, for use in orthopedic procedures.
  4. Zimmer Biomet - This US-based company manufactures and sells a range of orthopedic medical devices, including cast saw devices.
  5. BSN medical - This German-based company is a global leader in wound care and orthopedics, including cast saw devices.
  6. Medezine Ltd - This UK-based company specializes in the manufacture and distribution of orthopedic power tools, including cast saw devices.
  7. Nouvag AG - This Swiss-based company manufactures and sells a range of medical devices, including cast saw devices, for use in orthopedic procedures.
  8. Aygun Surgical Instruments - This Turkish-based company is a leading manufacturer of surgical instruments, including cast saw devices.
  9. GPC Medical Ltd - This Indian-based company is a manufacturer and exporter of medical devices, including cast saw devices.
  10. Instrumed International - This Dutch-based company manufactures and distributes a range of orthopedic medical devices, including cast saw devices.

These companies are focusing on product innovation and development, strategic collaborations, and mergers and acquisitions to strengthen their position in the market and expand their market presence.

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