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Orthotic Devices, Casts and Splints Market Key Players – Fillauer LLC, ComfortFit Orthotic Labs Inc., Hanger Inc, BSN Medical, Össur Hf, Prime Medical

Aug 5, 2022

Search jobs 05-Aug-2022 Orthotic Devices, Casts and Splints Market Key Players – Fillauer LLC, ComfortFit Orthotic Labs Inc., Hanger Inc, BSN Medical, Össur Hf, Prime Medical The  orthotic devices, casts and splints market  will witness a CAGR of 5.4% between 2020 and 2030, according to a latest report by ESOMAR-certified market research firm Future Market Insights. According to the study, the orthotic devices, casts, and splints market growth has dipped as a result of prioritization of COVID-19 care. Decrease in hospital visits has also led to a decrease in demand. The authors of the study are confident of a recovery in 2021, however, demand is not likely to be as strong as pre-COVID levels. To sustain growth in a sluggish landscape, manufacturers will need to bank of innovative offerings, according to the study. The report is bullish about the use of 3D technology in the orthotic devices, casts, and splints market. Americas North America and Europe collectively hold over 60% of the market share Innovations to be a key growth driver in the developed countries, with 3D printing to catalyse the process Increase in osteoporosis and osteoarthritis to bolster the market in the forecast period Ankle-Foot Orthosis to witness a Surge in Demand AFO (ankle-foot orthosis) could be effectively used for supporting weak limbs or normalizing a limb with contracted muscles. Also, musculoskeletal and neurologic disorders cause the foot to drop. AFOs could be used to control this foot drop as well. As such, AFOs could be used to address deformity as well as functional recovery. North America, Europe, and Oceania have been witnessing an increase in demand for AFO due to increase in sports injuries. This trend is expected to continue in the forecast period as well. “Launch of innovative and customized products in western countries coupled with eastern countries shifting towards lightweight fiberglass products to drive the orthotic devices, casts and splints market” – says the FMI analyst. Future Belongs to 3D Technology 3D printed casts, with their open-lattice plastic design, are available in customized form. They are waterproof and help bones in healing faster. These casts have upsurged the demand for personalized 3D printed medical devices. 3D printed orthoses are effective in treating children with cerebral palsy as well. Ask from Market Research Expert – https://www.futuremarketinsights.com/ask-question/rep-gb-12059 Want more insights? Orthotic devices, casts and splints market, a new study from Future Market Insights, opines on the orthotic devices, casts and splints from 2015 – 2019 and presents demand projections from 2020 – 2030 on the basis of product (casting supplies and equipment (plaster casts, casting tapes, cast cutters, casting tools and accessories), splinting supplies and accessories (fiberglass splints, plaster splints, other splints, splinting tools and accessories) and orthotics (functional orthotics and accommodative orthotics)), and distribution channel (Institutional sales(hospitals, orthopaedic clinics and nursing facilities) and retail sales (online sales, retail pharmacies and drug stores)) across seven prominent regions. Key SegmentProduct

Prime Medical Acquisitions

1 Acquisition

Prime Medical acquired 1 company. Their latest acquisition was Calumet Coach on January 01, 1970.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/1/1970

$99M

Acquired

Date

1/1/1970

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

Prime Medical Partners & Customers

1 Partners and customers

Prime Medical has 1 strategic partners and customers. Prime Medical recently partnered with cloroxpro on November 11, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

11/27/2018

Partner

Prime Medical Turns Hospital Curtains, Lab Coats And Scrubs Into Germ-Fighting Shields

These antimicrobial hospital privacy curtains , scrubs and lab coats by Prime Medical , in partnership with Clorox Professional Products Company , are helping to fight health care-associated infections .

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Date

11/27/2018

Type

Partner

Business Partner

Country

News Snippet

Prime Medical Turns Hospital Curtains, Lab Coats And Scrubs Into Germ-Fighting Shields

These antimicrobial hospital privacy curtains , scrubs and lab coats by Prime Medical , in partnership with Clorox Professional Products Company , are helping to fight health care-associated infections .

Sources

1

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