Synthetic Casting Tapes Market Industry Size, Status and Outlook, Competitive Landscape and Segment Forecasts 2022–2030
The synthetic casting tapes market was valued at US$ 512.49 Mn in 2020 is expected to reach US$ 681.78 Mn by 2030. 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.
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Synthetic casting 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.
Global Synthetic Casting Tapes Market, By Region
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.
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.
Synthetic Casting Tapes Market research added by Absolute Markets Insights, offers a comprehensive analysis of the growth trends prevailing in the global business arena. This report also provides definitive data regarding the market, size, marketing aspects, and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of major players in the projection schedule while focusing on their portfolio and regional expansion efforts.
The Global Synthetic Casting Tapes Market Analysis to 2030 is a specialized and in-depth study of the Technology, Media, and Telecommunications industry, with an emphasis especially on the analysis of global market trends. The report aims to provide an overview of the enterprise content delivery networks and enterprise streaming software market with detailed market segmentation by component, type of deployment, industry vertical, and geography. The global market for enterprise content delivery networks and enterprise streaming software is expected to witness high growth during the forecast period.
The overall turnover of the companies / segments for the years 2021, 2020 and 2019 is provided in the sub-heading “Financial performance” (listed companies) with the analysis and explanation of the increase or decrease. decrease in these due to factors such as mergers and acquisitions, profit or loss of any strategic business unit (SBU) and others.
Information relating to new product launches, strategic collaboration, mergers and acquisitions, regulatory approval and other company developments in the market is covered in the strategic initiatives section.
Synthetic Casting Tapes Market: Regional analysis includes:
— Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)
— Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
— North America (United States, Mexico and Canada.)
— South America (Brazil etc.)
— The Middle East and Africa (GCC countries and Egypt.)
This research provides detailed information on the major factors influencing the Synthetic Casting Tapes market growth on a global and regional level (drivers, restraints, opportunities and challenges), forecast of market size, in terms of value, market share by region and segment; regional market positions; growth opportunities by segment and by country, strengths and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats of current competition and prospects; Key Company Profiles, SWOTs and Growth Strategies.
The Synthetic Casting Tapes market research covers a comprehensive analysis of the following data:
• Historical and future growth of the Global Synthetic Casting Tapes market.
• Segmentation of enterprise content delivery network and enterprise streaming software market to highlight the growth prospects and trends impacting these segments.
• Change the consumption behavior of customers in different regions.
• Regional analysis on the basis of market share, growth prospects and key countries.
• Agreements, product launches, acquisitions and R&D projects of various players in the enterprise content delivery networks and enterprise streaming software market.
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