South & Central America Clinic Casting and Splinting Products Market

The South & Central America clinic casting and splinting products market is expected to grow from US$ 64.74 million in 2022 to US$ 92.60 million by 2030. It is estimated to grow at a CAGR of 4.6% from 2022 to 2030.

Advancements in 3D Technology in Casting and Splinting Fuels South & Central America Clinic Casting and Splinting Products Market

The rapid development of 3D printing implies fast penetration 3D printing techniques into the healthcare system, especially for treating fractures. In rehabilitation tool manufacturing, 3D printing technology is applied to orthopedic cast fabrication to create patient-specific features with an appropriate fit and a ventilated structure. The novel casting technology heals the fracture effectively without casting complications. The 3D-printed cast is customized and lightweight.

Patient-specific and 3D-printed casts develop proper fit according to the shape of the injured arm. Thus, the risk of stress concentration can be reduced since large contact areas are created. 3D printing makes the fabrication process simpler and in shorter period, especially in a customized design. On that account, the application of 3D printing in biomedical engineering is growing and promising to be practiced in the future. Also, the customizable hand cast made by using 3D printing technique is reliable and provides comfort and satisfaction to the patients. 3D printing is an evolving technology that has a potential application in treating pediatric forearm fractures. These factors can lead to better patient compliance. The 3D-printed cast proved to be superior in terms of satisfaction, comfort, and perceived function as compared to the fiberglass. Thus, the above-mentioned factors would create significant opportunities for the South & Central America clinic casting and splinting products market in the coming years.

South & Central America Clinic Casting and Splinting Products Market Overview

The South & Central America clinic casting and splinting products market is segmented into Brazil, Argentina, and the Rest of South & Central America. The market is likely to propel during the forecast period owing to the growing advancements in healthcare infrastructure that directly impacts the economy of Brazil to a large extent. The cost-saving advantages and product development are also cited as major factors for clinic casting and splinting products service providers to establish bases in South & Central America. As per Brazil's Ministry of Health, by 2030, Brazil is anticipated to rank fifth in terms of geriatric population worldwide. According to Pan American Health Organization (PAHO), in 2022, Brazil had more than 30 million people aged above 60, which represents 30% of the total population. The number of people aged above 60 is expected to reach ~50 million, which is expected to represent 24% of the total population of Brazil by 2050. According to IOF, the lifetime prevalence of fractures is 37.5% among men and 21% among women. The geriatric population is at a greater risk of fractures due to low bone density; this, in turn, is expected to boost the demand for clinic casting and splinting products.

South & Central America Clinic Casting and Splinting Products Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Clinic Casting and Splinting Products Strategic Insights

Strategic insights for the South & Central America Clinic Casting and Splinting Products provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

South & Central America Clinic Casting and Splinting Products Report Scope

South & Central America Clinic Casting and Splinting Products Regional Insights

The geographic scope of the South & Central America Clinic Casting and Splinting Products refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

South & Central America Clinic Casting and Splinting Products Market Segmentation

The South & Central America clinic casting and splinting products market is segmented into product, application, material, and country.

Based on product, the South & Central America clinic casting and splinting products market is segmented into casting and splinting. The casting segment held a larger share of the South & Central America clinic casting and splinting products market in 2022. The casting is sub-segmented into casts, tapes, cutters, and casting accessories. The splinting segment is further segmented into splints and splinting accessories.

Based on application, the South & Central America clinic casting and splinting products market is segmented into acute fractures or sprains, tendon and ligament injuries, and others. The acute fractures segment held the largest share of the South & Central America clinic casting and splinting products market in 2022.

Based on material, the South & Central America clinic casting and splinting products market is segmented into Plaster of Paris, fiberglass, and others. The Plaster of Paris segment held the largest share of the South & Central America clinic casting and splinting products market in 2022.

Based on country, the South & Central America clinic casting and splinting products market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America clinic casting and splinting products market in 2022.   

3M Co, DeRoyal Industries Inc, Essity AB, Ossur hf, and Zimmer Biomet Holdings Inc are some of the leading companies operating in the South & Central America clinic casting and splinting products market.