Cast Saws Market

COVID-19 Impact analysis

• COVID-19 pandemic ceased the production of various products in the Cast Saws industry, which is attributed to the global lockdown. This has hampered the growth of cast saws market during the year 2021.
• COVID-19 affected the sales of cast saws in the year 2021 and is anticipated to cause a negative impact on the market growth in the coming the years.
• The major demand for cast saws was previously noticed from all the countries which are negatively affected by the spread of the coronavirus, thereby declining the demand for Cast Saws.
• Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on their cash reserves. Cast saws manufacturers can afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce their expenses. On the contrary, few players adopted employee lay-offs to sustain themselves during the COVID-19 health crisis
• Cast saws manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond to immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce. 

Top Impacting Factors

The elderly population is susceptible to getting fractured bones due to their poor health. The rapid increase in the world's elderly population is increasing demand in the health care industry, particularly in the ortho domain, driving demand in the cast saw market. Moreover, as the global population is rising, the number of road accidents and sports injuries leading to fractures have increased in the past few decades. This factor is anticipated to increase in the demand for cast saws in future. Furthermore, rise in desire for orthopedic correction surgeries in the high-income countries is boosting the demand in cast saws market. Cast saws are simple and easy to use tools, and any lab technician can learn to use them in a small training session. However, the high cost of healthcare is one of the restraining factors hindering the growth of cast saws market. Contrarily, rapid technological developments in cast saws, such as advancements in the battery technology is expected to boost the market growth. This is anticipated to create lucrative opportunities for the growth of cast saws market during the forecast period.

Market Trends

• Due to the easy operation and high portability of cordless cast saws, many key players in the cast saw market have various cordless options to offer. For instance, Desoutter, a medical equipment manufacturer, offers ‘DeSoutter CleanCast™ CSB-100A’ and ‘CSB-100 CleanCas’. 
• New products that contain improved capabilities are launched by leading market players. They take necessary steps to improve overall functionality of the products. For instance, in January 2022, the UK-based cast saw manufacturer, Medezine Ltd. launched a new range of medical saws that produce less noise. The product launch enhanced the product offerings by Medezine Ltd. to sustain the competition in cast saw market.

Key Benefits of the Report

• This study presents the analytical depiction of the cast saws industry along with the current trends and future estimations to determine the future investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the cast saws market share.
• The current market is quantitatively analyzed to highlight the cast saws market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed cast saws market analysis based on competitive intensity and how the competition will take shape in coming years.