Cast Saw Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Saw Type (Electric Saw and Battery-Operated Saw), Application, End-user and Geography

Market Snapshot

Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >4.0 %

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Market Overview

The Cast Saw Devices market studied was anticipated to grow with a CAGR more than 4.0%, during the forecast period. The major factors attributing to the growth of the cast saw devices market are increasing incidence of sports injuries, accidents, physical damages due to accidental falls with aging and osteoporosis. For instance, according to the Accident and Emergency (A&E) statistics for the year 2018-19, England has registered with the largest number of accident cases with over 3 million injuries representing the highest rate of attendance with just over 55,600 attendances for every 100,000 people indicating the growth of the market. There are few more factors that play a pivotal role in taking the market to the next level such as an increase in awareness of bone-related diseases such as osteoporosis, and technological advancement in the devices along with ongoing research activities fueling the market.

Scope of the Report

Cast saw devices are important orthopedic power tools used in the removal of orthopedic plaster/casts that are utilized for fracture management. These devices are equipped with small and sharp blades that rapidly oscillate and cut the hard plaster/cast. The blades used in the cast saw are composed of different materials like iron nitride, stainless steel, and titanium nitride that is safe and prevents any cuts or injuries to the patient’s skin, on contact. Cast saw devices have certain advantages like extremely durability, high cutting performance, easy to use, and less procedure.

By Saw Type
Electric Saw
Battery Operated Saw
By Application
Plaster of Paris (POP) Cast Removal
Fiberglass Cast Removal
By End-User
Hospitals
Clinics
Ambulatory Surgery Centers
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Battery Operated Saw Devices are Expected to Hold the Largest Market Share in the Cast Saw Devices Market

  • Battery operated saw devices are expected to account for the highest market share due to rising adoption of these devices by the healthcare providers owing to their technological advancements in the recent years that offer advantages such as display of optimum speed required for the procedure, activation of the device after applying pressure, and lesser weight compared to the other type of devices along with wireless operation which ensures more convenience to the user.
  • Based on application, the fiberglass cast removal segment is anticipated to witness the largest revenue share which can be attributed to the rising adoption of fiberglass casts compared to traditional Plaster of Paris casts due to increased preference among patients as well as healthcare providers. The expansion of the fiberglass casts can be its advantages such as lightweight, easier application process and disadvantages associated with the use of POP casts such as excessive weight, prolonged drying period, and messy application process which are projected to fuel the demand for fiberglass cast during the forecast period.
Number_of_Accident_and_Emergency_cases_in_United_Kingdom,_by_year(Millions)

North America Dominates the Market and Expected to do Same in the Forecast Period.

North America is expected to dominate the overall Cast saw devices market throughout the forecast period. The dominance is due to several factors such as growing sports injuries coupled with the increasing geriatric population with osteoporosis in this region. For instance, according to the International Osteoporosis Foundation (IOF) stats published in the year 2017, Osteoporosis affects approximately 1.4 million Canadians, mainly postmenopausal women, and the elderly population. Also, the report states that osteoporosis affects 1 in 4 women and more than 1 in 8 men over the age of 50 years leading to high demand for the cast saw devices. The United States holds the largest market share next to the United Kingdom due to increased awareness of cast removal devices, rising healthcare expenditure and adoption of advanced healthcare infrastructure in the region propelling the global market revenue during the forecast period. next to the United Kingdom

Cast Saw Devices - GEO

Competitive Landscape

The Cast saw devices market is moderately competitive and consists of several major players.  Few of the major players currently dominating the market are making acquisitions with the other companies to consolidate their market positions across the globe and increasing the focus on innovation. for instance, In June 2018, Ross Wark Medical Ltd launched a novel cast removal device that is lighter, easier to use and has a better cutting performance with enhanced safety for both the patient and the operator which is likely to boost the market growth in the forecast period. Some of the companies which are currently dominating the market are OSCIMED SA, De Soutter Medical Limited, Essity Aktiebolag, Prime Medical Inc, and Treu-Instrumente GmbH.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increased Global Incidence of Sports Injuries and Rise in Burden of Osteoporosis

      2. 4.2.2 Rise in Preference for Minimally Invasive Procedures and Technological Advancement

    3. 4.3 Market Restraints

      1. 4.3.1 Injuries Associated with Usage of Cast Saw Devices

      2. 4.3.2 Highly Expensive Electric Cast Saw Devices with Vacuum

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Saw Type

      1. 5.1.1 Electric Saw

      2. 5.1.2 Battery Operated Saw

    2. 5.2 By Application

      1. 5.2.1 Plaster of Paris (POP) Cast Removal

      2. 5.2.2 Fiberglass Cast Removal

    3. 5.3 By End-User

      1. 5.3.1 Hospitals

      2. 5.3.2 Clinics

      3. 5.3.3 Ambulatory Surgery Centers

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 De Soutter Medical

      2. 6.1.2 Essity AB

      3. 6.1.3 Hanshin Medical Co Ltd

      4. 6.1.4 Treu-Instrumente GmbH

      5. 6.1.5 Medezine Ltd

      6. 6.1.6 OSCIMED SA

      7. 6.1.7 Prime Medical Inc

      8. 6.1.8 Rimec S R L

      9. 6.1.9 Smith & Nephew plc

      10. 6.1.10 Stryker Corporation

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Cast Saw Devices Market market is studied from 2018 - 2026.

The Cast Saw Devices Market is growing at a CAGR of >4.0% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

OSCIMED SA, De Soutter Medical Limited, Essity AB, Prime Medical Inc, Treu-Instrumente GmbH are the major companies operating in Cast Saw Devices Market.

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