Orthopedic Devices are used to treat the disorders and injuries of the musculoskeletal system of human body. Bone Cement and casting materials are used to fix bone fractures or as a complement to other devices in interventions such as joint reconstruction and trauma fixation. Casting Materials are used to immobilize the part of the fractured long bones in order to increase the rate of healing. GlobalData uses proprietary data and analytics to provide a comprehensive report on the casting materials market in Australia. Buy the latest report here.
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In 2023, GlobalData’s Market Model methodology determined that the leading player in the casting materials market in Australia was 3M followed by Lohmann & Rauscher, BSN medical and Embla Medical hf.
Understanding market size can be crucial to evaluate opportunities and make informed decisions about market entry and exit. Medical device companies can identify attractive segments in respective markets as well as develop marketing strategies based on forecasts for those segments.
Casting Material can be either Fiberglass or Plaster of Paris (POP) bandage. Fiberglass bandages are made up of glass fiber reinforced plastic, impregnated with polyurethane and are woven into sheets of varying width and packed in rolls. Plaster of Paris bandages consist of a cotton bandage impregnated with Plaster of Paris (also known as calcined gypsum), which hardens after it has been made wet.
The casting materials market in Australia can expand or contract due to a variety of reasons including population demographics, disease incidence and prevalence, macroeconomic issues, and geopolitical considerations. Disruption to a market could be caused by a sudden, unexpected change in these factors, but it could also be driven by changes in clinical practice, leading to a change in diagnosis or treatment of patients, as part of a process to generally improve medical practice.
For the latest analysis of the market size casting materials in Australia, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Medical Intelligence Center Market Models are the gold standard of medical device market valuation, company share estimation and market trend forecasting. GlobalData uses a patient-based forecast model or installed base methodology to determine the market size for therapeutic indications and capital equipment expenditures. Estimates are based on a number of sources, including primary research—KOL and industry contact interviews—and secondary research, such as company reports, press releases, published articles, proprietary databases, and general news media.
