Global Casting Device Market Research Report: By Type (Orthopedic Casts, Dental Casts, Industrial Casting Devices, Casting Resins), By Material (Plaster, Fiberglass, Thermoplastics, Composite Materials), By End User (Hospitals, Clinics, Rehabilitation Centers, Home Care Settings), By Application (Fracture Management, Surgical Aftercare, Prosthetics, Orthotics) andBy Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa)- Forecast to 2035.

Casting Device Market Overview 

As per MRFR analysis, the Casting Device Market Size was estimated at 10.38 (USD Billion) in 2023. The Casting Device Market Industry is expected to grow from 10.72(USD Billion) in 2024 to 15.4 (USD Billion) by 2035. The Casting Device Market CAGR (growth rate) is expected to be around 3.34% during the forecast period (2025 - 2035).

Key Casting Device Market Trends Highlighted

The Global Casting Device Market is witnessing significant growth driven by increasing demands in various sectors, particularly in the healthcare and manufacturing industries. The rise in chronic diseases and the aging population are leading to greater need for diverse casting devices, enhancing patient recovery and improving medical outcomes. Additionally, technological advancements in materials and manufacturing processes are enabling the production of more efficient and user-friendly casting devices, which is further propelling market expansion.

There are abundant opportunities to be explored within the market, especially in emerging economies where healthcare infrastructure is evolving.The development of innovative casting solutions, such as lightweight and breathable materials, caters to the needs of patients seeking comfort and mobility during their recovery period. Moreover, the integration of smart technologies in casting devices presents a unique opportunity for market players to differentiate their offerings and improve patient monitoring and care. In recent times, the market has observed a shift towards sustainable practices.

Manufacturers are increasingly focusing on eco-friendly materials and production techniques to reduce environmental impact. The trend of personalization in healthcare is also influencing the market, as patients now seek tailor-made solutions that cater to their specific needs.This evolution demonstrates a responsive market adapting to consumer preferences and technological advancements, indicating the potential for continuous growth and innovation in the casting device sector. As manufacturers align their strategies with these trends, they can enhance their market presence and meet the changing demands of consumers effectively.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Casting Device Market Drivers

Technological Advancements in Casting Devices

Technological advancements in the Global Casting Device Market Industry are driving the demand for innovative and efficient casting devices. The integration of smart technologies, such as artificial intelligence and IoT, into casting devices has revolutionized the way these products are used. Enhanced precision and the ability to monitor the performance in real-time are becoming a standard in modern casting devices. These advancements facilitate better patient outcomes and increased satisfaction.Moreover, the development of lightweight and more durable materials has improved the usability of casting devices while making them more comfortable for patients.

The transition towards digitized solutions is also prominent, with manufacturers increasingly adopting software systems that allow healthcare providers to track patient progress and apply needed adjustments to treatment plans effectively. As the Global Casting Device Market Industry continues to embrace these technologies, it is expected to see significant growth fueled by user demand for more sophisticated and effective products.

Increasing Sports and Leisure Activities

The rising participation in sports and recreational activities is a significant driver for the Global Casting Device Market Industry. As more individuals engage in sports, the incidence of injuries requiring casting devices is also rising. With sports injuries being common among both amateur and professional athletes, the consistent demand for effective casting solutions is evident. This trend is exacerbated by a growing awareness of fitness and active lifestyles, contributing to higher rates of fractures and other related injuries.That is, it is expected that the market will grow as the producers are expected to come up with designs that accommodate various casting attributes requested by this population.

Growth in Geriatric Population

The growth of the geriatric population worldwide represents a crucial market driver for the Global Casting Device Market Industry. As people age, the likelihood of sustaining fractures and other injuries increases due to age-related health issues and decreased bone density. The demand for casting devices tailored for older adults is thus on the rise, alongside a growing focus on improving the quality of life for this demographic. Manufacturers in the Global Casting Device Market Industry are responding by developing lightweight, user-friendly options that cater specifically to the needs of older patients, contributing to market growth.

Casting Device Market Segment Insights 

Casting Device Market Type Insights

The Global Casting Device Market is a vital component of both the healthcare and industrial sectors, with a projected valuation of 10.72 USD Billion in 2024. It is experiencing steady growth, fueled primarily by advancements in materials and technology, alongside rising demand for effective casting solutions. Within this market, various types are categorized, including Orthopedic Casts, Dental Casts, Industrial Casting Devices, and Casting Resins, each contributing significantly to the overall market data and statistics. Orthopedic Casts are particularly dominant, holding a market value of 3.5 USD Billion in 2024, and are projected to grow to 5.0 USD Billion by 2035, reflecting their crucial role in fracture management and rehabilitation in the healthcare industry.

This segment’s majority holding can be attributed to the increasing incidence of orthopedic injuries and the preference for lightweight and moisture-resistant cast materials. Meanwhile, Dental Casts, valued at 2.0 USD Billion in 2024 and reaching 2.8 USD Billion in 2035, signify growth driven by the advancements in dental technologies and the rising demand for dental prosthetics and orthodontics. Industrial Casting Devices, valued at 2.5 USD Billion in 2024 and expected to grow to 3.5 USD Billion by 2035, highlight the significance of customized manufacturing solutions in various industries, thereby showcasing the market’s adaptability to niche manufacturing needs.

Lastly, casting resins, which hold a market valuation of 2.7 USD Billion in 2024 and are expected to expand to 4.1 USD Billion by 2035, reveal growing opportunities in the adhesive and composite material sectors, influenced by their extensive use in automotive and aerospace industries. The segmentation of the Global Casting Device Market shows a resilient market framework, benefiting from ongoing innovations, consumer demands, and rising applications across diverse sectors, presenting ample opportunities for market growth. Challenges such as regulatory hurdles and material costs may affect the growth trajectory, but the overall impact remains positive.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Casting Device Market Material Insights

The Global Casting Device Market has witnessed notable growth; the material segment plays a critical role in this market, encompassing various components like Plaster, Fiberglass, Thermoplastics and Composite Materials. Among these, Plaster has been a traditional choice owing to its affordability and ease of use, which contributed significantly to market dynamics. Fiberglass is becoming increasingly popular due to its lightweight properties, durability, and water resistance, making it an attractive option for both patients and healthcare providers.

Thermoplastics are also gaining traction, primarily due to their customizable properties and enhanced comfort for patients. Composite materials are emerging as a key player, leveraging advancements in technology to offer superior strength and lightweight alternatives that improve patient mobility and recovery. The growth of the Global Casting Device Market is driven by rising awareness of orthopedic care, innovation in casting technologies, and the increasing demand for personalized healthcare solutions, while challenges such as material costs and regulatory hurdles remain.

Casting Device Market End User Insights

The End User segment of the Global Casting Device Market encompasses various critical settings, including hospitals, clinics, rehabilitation centers, and home care settings, contributing significantly to the market's overall revenue. Hospitals play a crucial role by providing advanced treatment options and hosting a majority of casting procedures, while clinics offer direct access to patients for quicker consultations and follow-ups.Rehabilitation centers focus on recovery processes, ensuring that patients regain full functionality after sustaining injuries.

Home care settings are becoming increasingly important due to the rise in elderly populations and patients preferring treatment in their familiar environments. This shift not only enhances patient comfort but also reduces hospital congestion. The differentiation in service delivery across these environments influences the overall Global Casting Device Market segmentation, thus driving market growth and presenting substantial opportunities for innovation and development in casting devices designed for various healthcare settings.The ongoing expansion in these segments aligns with broader trends toward patient-centered care and increased accessibility to medical services.

Casting Device Market Application Insights

The Global Casting Device Market encompasses various applications, primarily focusing on Fracture Management, Surgical Aftercare, Prosthetics and Orthotics. Fracture Management has a dominant role, as it addresses a substantial need owing to the prevalence of bone injuries. Surgical Aftercare also holds significance, enhancing recovery and ensuring optimal healing post-surgery.Meanwhile, Prosthetics and Orthotics contribute to improving patients' quality of life by providing necessary support and mobility. Market trends show a growing demand for lightweight and flexible casting materials, driven by the need for patient comfort and mobility. Furthermore, advancements in technology and materials are encouraging innovation, thus presenting opportunities for growth within this segment. However, challenges such as the high cost of advanced casting devices and limited awareness in emerging markets may hinder market expansion.Overall, the segmentation of the Global Casting Device Market highlights essential applications that cater to the healthcare industry's evolving needs.

Casting Device Market Regional Insights

The Regional segment of the Global Casting Device Market showcases diverse growth across various areas, significantly impacting overall market dynamics. In 2024, North America leads with a valuation of 3.5 USD Billion, which is crucial as it represents the majority holding in the market, driven by advanced healthcare infrastructure and a high prevalence of bone-related conditions. Europe follows with a valuation of 2.8 USD Billion, reflecting its strong emphasis on innovative medical technologies and growing geriatric population necessitating casting solutions.

The APAC region, valued at 2.4 USD Billion in 2024, stands out due to rapid industrialization and increasing healthcare investments, making it a significant player with substantial growth potential. In contrast, South America holds a value of 0.8 USD Billion, which suggests emerging opportunities for market expansion driven by improving healthcare access. Lastly, the MEA region, despite being valued at 1.2 USD Billion, is expected to face challenges such as limited healthcare budgets, yet continues to present unique opportunities due to increasing awareness of advanced medical technologies.These insights from the Global Casting Device Market data highlight the distinct market segmentation, showcasing both challenges and growth opportunities across different regions.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Casting Device Market Key Players and Competitive Insights :

The Global Casting Device Market is an integral segment within the broader industrial and manufacturing sectors, characterized by a range of products and technological advancements aimed at enhancing the efficiency and accuracy of casting processes. As innovative technologies evolve, competitive dynamics within this market are shaped by key players striving to differentiate themselves through product offerings, technological advancements, and strategic partnerships. The competitive insights of this market reveal a landscape marked by both established companies and emerging players competing on various fronts such as pricing, quality, and customer service.

The emphasis on automation, IoT integration, and eco-friendliness in development processes is increasingly driving competitiveness, enabling businesses to meet the rising demand for superior casting solutions in multiple industries. Mitsubishi Electric holds a significant presence in the Global Casting Device Market, known for its commitment to technological excellence and innovation. The company's strengths lie in its robust product portfolio that includes advanced automation solutions and cutting-edge casting technology. Mitsubishi Electric emphasizes efficiency and precision in its casting devices, leveraging its extensive research and development capabilities to introduce state-of-the-art products that enhance operational performance in various manufacturing applications.

The company's focus on sustainability is another noteworthy advantage, as it aligns its offerings with the increasing global demand for environmentally friendly manufacturing practices. Furthermore, strong customer relationships and a well-established distribution network contribute to Mitsubishi Electric's competitive edge, enabling it to respond swiftly to market demands and capitalize on emerging opportunities within the casting device segment.Bosch is another prominent player in the Global Casting Device Market, recognized for its innovative engineering solutions tailored for various applications.

The company's strengths are grounded in its extensive experience and expertise in technology and manufacturing processes, allowing it to develop highly efficient casting devices that address the complexities of modern casting operations. Bosch's commitment to quality and reliability is evident in its stringent adherence to industry standards and continuous improvements in product performance. With a strong focus on research and development, Bosch pursues advancements in smart manufacturing, including IoT technology, to optimize the casting process further. Additionally, Bosch invests in nurturing long-term partnerships with its clients, facilitating customized solutions that cater to specific operational needs, thereby enhancing its reputation and market share within the casting device landscape.

Key Companies in the Casting Device Market Include:

• Mitsubishi Electric


• Bosch


• General Electric


• Panasonic


• ABB


• Siemens


• Emerson Electric


• Schneider Electric


• Rockwell Automation


• Johnson Controls


• Honeywell


• FANUC


• Toshiba


• Hitachi


• Samsung

Casting Device Market Industry Developments

Recent developments in the Global Casting Device Market indicate significant advancements and strategic movements among key players. Mitsubishi Electric and Siemens have been investing in next-generation casting technologies to enhance production efficiency and reduce environmental impact. Bosch and Honeywell have been focusing on digital innovations in their device offerings, incorporating smart technology and IoT capabilities. Meanwhile, ABB and Emerson Electric are collaborating on projects aimed at improving automation and energy management for casting processes. In terms of mergers and acquisitions, Rockwell Automation has expanded its portfolio by acquiring a smaller tech company to strengthen its software capabilities in the casting industry

Additionally, General Electric has announced plans for strategic partnerships with local firms to enhance its market presence in Asia, guided by the growing demand for advanced casting solutions. The market valuation for these companies is reflecting growth, driven by the ongoing investment in R&D and an increase in demand for sustainable and efficient casting devices. This thriving market is characterized by technological developments, restructuring, and an overall growth trend among established players like Toshiba, Hitachi, and Samsung.

Casting Device Market Segmentation Insights

Casting Device Market Type Outlook

• Orthopedic Casts


• Dental Casts


• Industrial Casting Devices


• Casting Resins

Casting Device Market Material Outlook

• Plaster


• Fiberglass


• Thermoplastics


• Composite Materials

Casting Device Market End User Outlook

• Hospitals


• Clinics


• Rehabilitation Centers


• Home Care Settings

Casting Device Market Application Outlook

• Fracture Management


• Surgical Aftercare


• Prosthetics


• Orthotics

Casting Device Market Regional Outlook

• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa