Market Research Blog

The pharmaceutical packaging market is  registering an increasing demand for anti-counterfeiting solutions and child protective packaging. In the pharmaceutical industry, counterfeiting has emerged as a major concern for manufacturers and consumers.

Given this,  anti-counterfeiting technologies such as barcodes,  labels and tags are attracting attention among manufacturers. According to a recent report by Future Market Insights (FMI), driven by technological advancements,  pharmaceutical plastic bottle  sales will grow at a CAGR of 10.3% between 2021 and 2031. The market is expected to reach a value of over $79 billion in 2031.

The increasing number of cases of child poisoning due to accidental ingestion of pharmaceuticals has helped introduce child-resistant packaging solutions. These products are typically available in two-piece push-and-turn technology for bottle closures.

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Currently, most promising drugs are available in children’s packaging, which has a major impact on sales of pharmaceutical plastic bottles. There is a constant need for innovation among industry players to sustain itself in an extremely competitive market.

For example,  the introduction of RFID to replace traditional barcodes  aims to increase the convenience of tracking and tracking products. QR codes are the newest addition to the pharmaceutical bottle industry, where they are used for multiple purposes, such as displaying detailed product information, tracking products through the supply chain, or as a means of maintaining logs in pharmacies.

Innovations that increase the utilization of recycled materials are also accelerating in the market. These innovations and technological advances are contributing to progress.

For example, in January 2020, Gerresheimer AG  announced that it would provide customized rigid plastic packaging solutions, including pharmaceutical plastic bottles made from BIO-PET and  R-PET .

Key highlights of the Pharmaceutical Plastic Bottles Market study:

• Demand for plastic bottles for ophthalmic/nasal formulations will increase to 12.7% during 2021-2031, driven by increased application of corticosteroid drugs.
• Polyethylene terephthalate (PET)  is expected to account for a dominant share of 30.8% in 2031 as a result of regulations and restrictions on the use of plastics.
• Bottles with a capacity of less than 100ml are projected to increase the opportunity to $28.1 billion over the next five years.
• The US will account for more than 82% of the North American market in 2021. However, the country is likely to lose its share of value to active Canadian industries by the end of 2031.
• China and India will remain lucrative markets due to their large patient populations and investments from the local pharmaceutical industry.

“Pharmaceutical plastic bottles are a relatively economical, lightweight and convenient packaging solution compared to pharmaceutical glass bottles. These products are gaining popularity among manufacturers and consumers. Consumers often choose plastic bottles to avoid the risk of breakage. These factors are expected to drive demand through 2031,” said an FMI analyst.

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Impact of COVID-19 on Pharmaceutical Plastic Bottle Market

The ongoing COVID-19 pandemic has had a negative impact on the packaging industry. Any losses incurred may be due to logistical restrictions and worldwide imposed closures.

Production output has declined due to reduced production capacity and delayed supplies of raw materials. Manufacturers in the pharmaceutical plastic bottle industry have struggled to meet the sudden increasing demand in the market.

With continued easing and unlocking of transport restrictions, the market is expected to grow steadily through 2021 and beyond.

Who is the winner?

Tier 3 players in the pharmaceutical plastic bottle market account for 75-85% of the overall value share. The major players contribute 15-25% of the global market. Strategies related to capacity expansion and investment in product development will gain attention from the industry.

Berry Global Inc.  , Amcor Plc,  ALPLA Werke Alwin Lehner GmbH & Co KG  is a leading player operating in the pharmaceutical plastic bottle market. Additionally, AptarGroup, Inc., O. Berk Company, LLC, Alpha Packaging Holdings, Inc., Comar, LLC are some of the notable players in the pharmaceutical plastic bottle market.

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The worldwide consumption of steel kegs for shipment and storage of beer is anticipated to remain high. The use of kegs as a reliable, cost-effective and appropriate for fermented beverages, furthermore ensuring preservation of organoleptic characteristics and original taste. FMI, in its recent study, stated that the COVID-19 outbreak has impact the market adversely, however, recovery is likely to commence in late 2021.

“Sustained demand for cooking oil remains a key revenue generator for the global kegs market.“ states the FMI analyst.

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Kegs Market – Important Highlights

The global kegs market will surpass US$ 1.67 billion in revenues by 2028-end. Western Europe will remain highly lucrative over the forecast period, due to steady sales in Italy, France and Germany. Alcoholic beverages end use category is anticipated to drive sales in the global market. Steel kegs account for majority of market share

Kegs Market – Drivers

Growing demand for cooking oil is likely to positively impact the market over the forecast period. Increasing demand for premium products such as draught and craft variants is creating opportunities Increasing preference towards flavored alcoholic beverages is projected to benefit the market Legislative regulations backing reduced weight limits appropriate of packaging, will spur adoption of kegs.

Kegs Market – Restraints

Non-return, improper handling or damage of kegs continues to be a challenge for market players Few licensed establishments allowed to install kegs limits opportunities

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COVID-19 Impact on Kegs Market

Although, the market witnessed an increase in sales, on the onset of the pandemic. Players sopped up surplus sales from COVID-19-fueled stockpiling, followed by lost business from operational constraints and closed dining rooms. FMI in its report states that the market is gradually anticipated to pick up pace by the end of 2021 or by 2022 Q1.

Competitive Landscape

Petainer UK Holdings Ltd., Ardagh Group S.A, NDL Keg Inc, AMERICAN KEG COMPANY., Ningbo BestFriends Beverage Containers Co. Ltd, Shinhan Industrial Co, Ltd, Schaefer Container Systems, Blefa GmbH, Julius Kleemann GmbH & Co KG and The Metal Drum Company are a few of the leading market players operating in the kegs market. Market players are focusing on merger and acquisition, collaboration, and partnership to extend their regional presence. Growing number of activities imply that the players working in the global kegs market account for remarkable expansion prospects in the years ahead.

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About the Study

The study offers readers a comprehensive assessment of the kegs market. Global, regional and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights according to material (plastic, tin and stainless steel), capacity (up to 20 litre, 20 litre to 40 litre, 40 litre to 60 litre and above 60 litre), end use (alcoholic beverages [beer, wine, spirits and cider], non- alcoholic beverages[soft drinks, RTD beverages, juices and others], cooking oil, chemicals and others), across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).

Table Of Content

1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

1.4. Wheel of Opportunity

2. Market Introduction

2.1. Market Definition

2.2. Market Taxonomy

3. Market Background

3.1. Porter’s Analysis

3.2. PESTLE Analysis

3.3. Macro-Economic Factors

3.4. Value Chain

3.5. Opportunity Analysis

4. Market Forecast

4.1. Market Volume Projections

4.2. Pricing Analysis

4.3. Market Value and Y-o-Y Growth

4.4. Absolute $ Opportunity Analysis

Compostable & Biodegradable Refuse Bags Market Analysis: Over 35% of the Compostable & Biodegradable Refuse Bags demand to be  generated by the industrial end use segment, which is expected to increase further by the end of 2028 

The global market for compostable & biodegradable refuse bags was valued at US$ 200.4 million in 2017. The market is forecast to expand at a CAGR of 8.0% during the forecast period, 2018-2028.

Compostable and biodegradable are terms used to designate organic materials breaking down in a specific environmental condition. Refuse bags are disposable bags used to contain waste and rubbish. Compostable and biodegradable refuse bags are made up of organic material, which are obtained from plants. Such plant based materials which are used to make compostable and biodegradable refuse bags are starch blends (corn, potato and others), polylactic acid (PLA), PHA, PBAT and other such materials. These refuse bags can undergo decomposition readily and have minimum negative impact on the environment.

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The compostable & biodegradable refuse market is segmented on the basis of product type, material type, capacity, thickness and end use. On the basis of material type, the market has been segmented as PLA, PBS, PBAT, PHA, starch blends, cellophane, and paper. On the basis of end use, the market has been segmented as retail & consumers, industrial and institutional.

Competitive Landscape

Key players operating in the global market for Compostable & Biodegradable Refuse Bags include Mondi Group, Sphere Group, Vegware Global, VICTOR Güthoff & Partner GmbH, Cedo Ltd., BioBag International AS, PLAST-UP, Polybags Ltd, Clondalkin Group Holdings B.V., Plastiroll Oy Ltd, The Biodegradable Bag Company Ltd, QUICKPACK Haushalt + Hygiene GmbH, MIRPACK, TM, The Compost Bag Company, SIMPAC, TERDEX GmbH, Pack-It BV, Cromwell Polythene Ltd, Flexopack SRL, Virosac SRL, among others.

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The Eastern Europe compostable & biodegradable refuse bags market include country level analysis for Russia, Poland and Rest of Eastern Europe. The Russia compostable & biodegradable refuse bags market is expected to expand at a CAGR of 7.6% during the next decade. The Asia Pacific excluding Japan compostable & biodegradable refuse bags market includes country level analysis for China, India, ASEAN, Australia & New Zealand and Rest of APEJ. The APEJ compostable & biodegradable refuse bags market represent most lucrative geographic region wherein India and China represent substantial incremental opportunity over the forecast period.

The Middle East and Africa (MEA) compostable & biodegradable refuse bags market include country level analysis for GCC, South Africa, North Africa and Rest of MEA. Compostable & biodegradable refuse bags market in the GCC region is particularly driven by high growth in the industrial segment. The Japan compostable & biodegradable refuse bags market is expected to expand at a CAGR of 5.3% over the forecast period.

In this report, we have discussed individual strategies followed by these companies in terms of enhancing their product portfolio, creating new marketing techniques, mergers and acquisitions. The ‘Competitive Land

About Packaging Division at Future Market Insights

The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help

Future Market Insights’ latest report infers the orthopedic braces & support market to reach US$ 5 Bn by 2030.Advancements in orthopedic braces and support market have offered umpteen benefits, bringing substantial improvements in average quality of life and lifespans. Growing prevalence of arthritis, spinal deformities, sciatic nerve, impaired muscle, paralysis, fracture injury and stroke has led to an upsurge in demand for orthopedic braces & support system. Improper and heavy lifting further leads to bulging or ruptured disks, scoliosis, stress-induced back pain and scoliosis

Orthopedic braces and support have been highly popular as they reduce joint pressure, offer compression & warmth and improve physical functions when required. Also, the incidence of orthopedic disorders are climbing every year, attributed to adoption of sedentary lifestyles and an expanding geriatric population pool.

Rising health & fitness concerns have prompted the millennials to engage in sports and exercises involving strenuous muscle activity. Consequently, problems such as sprained ankles, frozen shoulders and stiff limbs are increasing amongst the younger generation, thereby increasing sales of orthopedic braces & support devices.

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However, the coronavirus pandemic has dented near-term growth prospects, attributed to a decline in outdoor activities due to social distancing protocols. Additionally, hospital visits to correct orthopedic anomalies have fallen as healthcare organizations are offering priority to COVID-19 patients.

“As the healthcare industry transitions towards providing patient-centric care, manufacturers are concentrating on including on-demand & data-enabled patient engagement solutions,” infers an FMI analyst.

Key Takeaways from FMI’s Orthopedic Braces & Support Market Report

• Orthopedic braces & support market will expand at a CAGR of 6.1% from 2020-2030
• Lower extremity knee braces shall capture 70% of the total market share, attributed to increasing sports injuries
• Institutional sales of orthopedic braces will remain the vanguard, owing to a high preference for visiting healthcare settings to seek treatment
• Europe and North America collectively comprise half of the orthopedic braces & support market revenue

Orthopedic Braces & Support Market- Key Trends

• E-commerce sales of wrist, hand, ankle and elbow braces is picking up pace due to non-requirement of authorization from healthcare professionals
• 60% of orthopedic braces & support equipment are being sold online through various platforms
• Favorable reimbursement and insurance coverage by medical companies are uplifting off-the-shelf marketing of orthopedic braces
• Market players are enhancing their business models in order to glean maximum returns on their investments

Orthopedic Braces & Support Market- Region-wise Analysis

• North America will be a hotbed for orthopedic surgeries, with 40 million people in the U.S affected by arthritis
• Europe will be an equally lucrative market, with greater than 400,000 rheumatoid arthritis cases detected in the U.K alone
• South & East Asia will be potential revenue grossers, attributed to reduced cost of orthopedic braces in countries such as India, Singapore and Thailand

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Orthopedic Braces & Support Market- Competitive Landscape

Major players in the global market of orthopedic braces & support system are Breg, Inc., Bauerfeind AG, DeRoyal Industries, Inc., BSN Medical GmbH, Ossur hf., DJO Global, Inc., Promedics Orthopedics Ltd., Otto Bock Healthcare GmbH, Trulife Inc. and Ascent Meditech Ltd.

In May 2020, DJO Finance LLC announced free availability of its OaraScore patient risk assessment algorithm for a period of 6 months. The algorithm is useful in providing information regarding which patients are the most appropriate to receive a total joint arthroplasty.

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Orthopedic Braces & Support Market Taxonomy

Product

• Upper Extremity
  • Shoulder Braces and Support
  • Neck Braces and Support
  • Elbow Braces and Support
  • Wrist Braces and Support
  • Spinal Braces and Support
• Lower Extremity
  • Knee Braces and Support
  • Ankle Braces and Support
  • Hip Braces and Support

Distribution Channel

• Institutional Sales
  • Hospitals
  • Orthopedic Surgeons
  • Nursing Facilities
• Retail Sales
  • Online Sales
  • Retail Pharmacies
  • Drug Stores

Region/Country

North America

• U.S
• Canada

Latin America

• Brazil
• Mexico
• Argentina
• Rest of Latin America

Europe

• EU-5
• Russia
• Rest of Europe

South Asia

• India
• Thailand
• Malaysia
• Rest of South Asia

East Asia

• China
• Japan
• South Korea

Oceania

• Australia
• New Zealand

Middle East & Africa

• GCC
• South Africa
• Rest of MEA

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More Insights on the Orthopedic Braces & Support Market

FMI, in its new market research study, offers an unbiased assessment of the orthopedic braces and support market which comprises global industry analysis for 2015–2019 and opportunity assessment for the 2020–2030. The report delivers complete analysis on orthopedic braces and support market through three different categories. Additionally, the study also provides pricing insights through different life cycle analyses, mapping of key market trends and technologies being implemented in the orthopedic braces and supports and product adoption across various end-use industries.

Nestable Plastic Crates Remain Best-selling

Among the various varieties of returnable plastic crates, the nestable version continues to remain in-demand, with a market value share of nearly 50%. The attributes of lightweight, cost-efficiency, and easy handling of nestable plastic crates are responsible for their unprecedented demand growth in the near future. Further, stackable plastic crates are also witnessing increasing market share owing to their space-effective quotient.

Future Market Insights (FMI) delivers key insights on the global returnable plastic crates (RPC) market in a newly published report. In terms of revenue, the global RPC market is estimated to grow at a CAGR of 5.5% over the forecast period owing to numerous factors about which FMI offers thorough insights and forecasts in this report. RPCs are used for the storage of various fresh products for shipping them from one place to another. These crates are of several types such as stackable, nestable and collapsible and are used based on several end uses and needs. 

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How Growth will Unfold

Returnable plastic crates made from high-density polyethylene (HDPE) continue to capture noteworthy portion of the total sales. As HDPE carries the benefits of high impact resistance and sturdy UV barrier, as well as ensures economical storage and transportation, manufacturers are focusing on this polymer material. While HDPE crates account for around 65% of revenue share, the adoption of polypropylene (PP) and other materials will remain steady throughout the forecast period.

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This report also discusses individual strategies followed by some of the leading companies operating in the global returnable plastic crates market in terms of enhancing their product portfolio, creating new marketing techniques as well as mergers and acquisitions. The competitive landscape included in the report provides a dashboard view as well as company share to report audiences. Key players operating in the global RPC market include Brambles; Myers Industries, Inc.; Supreme Industries Limited; Schoeller Allibert; DS Smith Plc; Dynawest Ltd; Rehrig Pacific Company; TranPak, Inc.; RPP Containers and Ravensbourn Limited.

FREQUENTLY ASKED QUESTIONS ABOUT GLOBAL RETURNABLE PLASTIC CRATES MARKET

Which application area holds potential growth opportunities for market players?

The agriculture sector is expected to offer lucrative opportunities, attributable to the growing demand for returnable plastic crates for the bulk packaging of fresh produce and horticulture products.

What are the future prospects of the returnable plastic crates market?

There will be a slight increase in the demand for returnable plastic crates over the next decade, on the back of impressive growth in the agriculture sector. Increasing transportation of seafood, meat, and poultry in developing nations is also expected to offer better growth prospects to players in the global returnable plastic crates market.

Which region will dominate the global returnable plastic crates market?

North America and Western Europe are expected to dominate the returnable plastic crates market during the forecast period of 2019-2029. Rapid growth and penetration of supermarkets, hypermarkets, and retail distributors that serve better packaged goods in these regions are vital factors that are boosting market growth in these mature markets.

Linerless labels are designed without a release liner, which reduces the amount of raw material required to manufacture labels, and makes these labels an eco-friendly alternative. Absence of a liner layer saves on extra labor, storage, and transportation costs for end users, and reduces industrial waste and carbon emission. These factors are expected to boost the demand for linerless labels substantially during the forecast period (2019-2029).

Removable linerless labels are estimated to hold a leading position in the global linerless labels market, and generate an incremental opportunity of US$ 240 Mn from 2019-2024. Prominent packaging manufacturers are continuously striving to offer sustainable and environment-friendly packaging solutions to various end-use industries.

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Key Takeaways of Linerless Labels Market Study

• Consistent growth of the logistics sector across all geographies, coupled with high requirement of linerless labels for inventory management, asset tracking, and goods distribution, is steadily driving the linerless labels market.
• The retail industry is a prominent end user of linerless labels, owing to rising efforts across the world to reduce the incidence of counterfeiting.
• North America and APEJ are expected to account for a major portion of the linerless labels market share. Rapid expansion of pharmaceutical and food & beverage industries is boosting the growth of the linerless labels market in these regions.
• Digital printing and flexo printing are projected to dominate the global linerless labels market, and hold nearly half of the market share by the end of 2029.

Manufacturers of linerless labels can gain substantial profits by focusing on the Asia Pacific excluding Japan region, attributable to rising demand for packaging solutions due to the rapidly growing food & beverage industry in this region.

Increasing Production Capacity and Acquisitions to Remain Key Growth Strategies

Prominent packaging manufacturers across the world have already shifted their focus from conventional packaging solutions to environment-friendly packaging solutions. This shift is majorly driven by increasing focus towards reducing waste, and high consumer preference towards highly sustainable and eco-friendly packaging solutions. Leading manufacturers are striving to maximize their manufacturing capacities to meet the rising demand for eco-friendly packaging solutions. Additionally, leading linerless label manufacturers are expanding business boundaries to reinforce their market position.

• In June 2019, RR Donnelley & Sons Company, one of the leading manufacturers of linerless labels, expanded its liners less labels manufacturing platform by adding a new linerless press. This enabled the company to expand its linerless label production to provide innovative linerless labels and enhance operational effectiveness.
• In July 2019, Coveris completed its acquisition of Amberley Labels, a U.K.-based manufacturer of high quality self-adhesive labels.
• In February 2017, CCL industries completed the acquisition of Innovia Group, a prominent producer of linerless labels and packaging solutions, for around US$ 1.13 billion.

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About the Linerless Labels Market Report

Future Market Insights, in its new offering, offers an unbiased analysis of the global linerless labels market, analyzing historical demand from 2014-2018 and forecast statistics for 2019-2029. The study unravels growth projections on the linerless labels market on the basis of product type (variable imaged and direct thermal), printing technology (digital printing, flexo printing, offset printing, gravure printing, screen printing, and others), adhesion (permanent, removable, and repositionable), and end-use industry (retail, food & beverages, logistics, pharmaceuticals, and others), across seven major regions

Water-soluble pods packaging is another offering by the sustainable packaging industry, which is intended to diminish waste disposal around the world. This packaging is beneficial in a lot of ways, which make its products witness a definite market growth. However, a new research report by Future Market Insights predicts an even more positive future for the market.

According to this report titled ‘Water Soluble Pods Packaging Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028,’ the global water-soluble pods packaging market is expected to witness skyrocketing growth rate in the coming decade. This critical analysis reveals that the global water-soluble pods packaging market is expected to hold a market value of US$ 135 Mn in 2018, reaching a value of US$ 620 Mn by the end of 2028. The exponential CAGR for the global water-soluble pods packaging market is expected to stand at 16.4% during the forecast period 2018-2028.

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Water Soluble Pods Packaging Market: Dynamics

The positive aspects related to the usage of water-soluble pods packaging is marking the growth of this market. As the name suggests, these pods are water-soluble, which makes these environment friendly as well. These pods are used in the packaging of laundry detergents, dish wash, spa cosmetics, etc.

The usage of eco-friendly packaging of products is necessary due to excessive usage of plastic around the world, which has led to rising concerns about non-decomposable waste accumulation. Water-soluble (PVA) films are soluble in cold and hot water and hence leave no residue. These beneficial features of PVA are encouraging detergent manufacturers to use it as a packaging material. Procter & Gamble, a global manufacturer of consumer goods and household products has witnessed sales to the tune of US$ 1.5 billion from their product named “Tide Pods and Ariel Pods” are laundry detergent pods.

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However, there are a few myths and risks associated with the usage of water-soluble pods. Some believe that the smell of laundry pods causes irritation and headache. It is also believed that water-soluble pods result in clogging. Other than this, some cases have shown that the consumption of water-soluble pods can be life-threatening. The packaging of water-soluble pods is such that it makes children consume these thinking it to be candy – there have been numerous instances of such cases. All these factors may discourage the use of water-soluble pods, which may result in restricted growth of the global water-soluble pods packaging market.

Preview Global Water Soluble Pods Packaging Market Segmentation Material Type – Poly Vinyl alcohol; Product Type – Single-layer water pods, Dual-layer water pods, Multi chamber water pods; End-Use – Detergents, Hand wash, Dishwash, Others (shaving creams); Thickness Type – Below 30 micrometer, 31-60 micrometer, 61 micrometer thickness: 

Water Soluble Pods Packaging Market: Dish Wash and Detergents to Have Neck to Neck Competition

Among the different uses of water-soluble pods packaging, dishwashers and detergents are the most common. According to this research report, the dish wash and detergent markets are expected to witness a similar growth rate in the global water-soluble pods packaging market. However, in terms of market value, the detergents market is way ahead of the dish wash market. The report further indicates that water-soluble pods packaging will be a key part of other end-user industries in the near future.

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Market Taxonomy

Material Type

• Poly Vinyl alcohol

Product Type

• Single layer water pods
• Dual-layer water pods
• Multi-chamber water pods

 End-Use

• Detergents
• Hand wash
• Dishwash
• Others (shaving creams)

Thickness Type

• Below 30 micrometer
• 31-60 micrometer
• 61-micrometer thickness

Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• APAC
• Japan
• MY

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FMI states in its recent study on the orthotic-devices casts and splints market that the market will record a CAGR of 5.4% through 2030. Demand for Orthotic Devices, Casts, and Splints is anticipated to continue surging due to the rise in accidents in recreational and professional sporting events.

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.

‘Through customized products are being provided, new entrants need to look into the core expertise asked for by the patients.‘ says the FMI analyst.

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Orthotic Devices, Casts, and Splints Market – Important Highlights

• In the US and Europe, fiberglass casts and splints are gaining popularity.
• Collectively, North America and Europe account for over 60 percent of the market share.
• According to FMI, Asia Pacific, due to strong demand from China and India, is projected to rise at the fastest rate.

Orthotic Devices, Casts, and Splints Market – Drivers

• A major driver of the industry has remained the rise in the number of injuries sustained due to road accidents, as well as during recreational and professional sporting events.
• Favorable government policies and investments in the healthcare sector are anticipated to contribute to the growth of the market.
• Increase of osteoporosis and osteoarthritis in the forecast period to strengthen the demand
• Innovation, with 3D printing to catalyze the process, is a key growth engine in developing countries.
• The rapid increase in cardiac diseases is one of the key drivers of the market.

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Orthotic Devices, Casts, and Splints Market – Restraints

• Castings in rural areas are used by inadequately trained medical attendants and nurses. This could lead to issues because the pain on the part of patients could be greater, causing hindrance in the growth of the market.
• High medical costs are anticipated to remain a market restraint during the forecast era.

COVID-19 Impact on Orthotic Devices, Casts and Splints Market

After the outbreak of Covid-19, demand for orthotic devices, casts, and splints has experienced a decline in demand as there has been a decrease in hospital visits due to a decrease in the number of road mishaps and sports events. The pandemic has led to a decrease in the patient’s flow in the hospitals, and doctor chambers. As the attention of health care services changes to emergency COVID-19 care, treatment is de-prioritized for other illnesses and injuries. However, this is estimated to be a temporary effect and the market is expected to have a turnaround with the stabilization of the economy.

Competitive Landscape

The Orthotic Devices, Casts, and Splints market players are leaning towards the expansion of the production facilities besides opting for strategic collaborations to attain a competitive edge. Factors such as ongoing technical advances, increasing the number of individuals suffering from orthopedic illnesses, sports injuries, and also the need for robot-assisted and minimally invasive techniques provide significant opportunities for the development

Some of the prominent players listed in the global Orthotic Devices, Casts, and Splints market are Fillauer LLC, ComfortFit Orthotic Labs Inc., Hanger Inc, Amfit Inc., BSN Medical, Össur Hf, Prime Medical, Ascent Meditech Ltd.

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Table Of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Key Trends & Market Dynamics

1.3. Industry Evolution

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Key Regulations

4.3. Orthotic Devices for Injury Prevention

5. COVID19 Crisis Analysis

5.1. Current COVID19 Statistics

5.2. Current GDP Projection and Probable Impact

6. Global Orthotic Devices, Casts and Splints Market Demand Analysis 2015-2019 and Forecast, 2020-2030

6.1. Historical Market Volume (Units) Analysis, 2015-2019

6.2. Current and Future Market Volume (Units) Projections, 2020-2030

6.3. Y-o-Y Growth Trend Analysis

About the Study

The study offers readers a comprehensive assessment of the Orthotic Devices, Casts, and Splints market. Global, regional, and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights based on product type (Casting Supplies & Equipment, Orthotics), distribution channel ( Institutional Sales, Hospitals, Orthopedic Clinics, Nursing Facilities, Retail Sales, Online Sales, Retail Pharmacies, Drug Stores) and across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).