Finger Splint Market Size and Trends

Global finger splint market is estimated to be valued at USD 175.1 Mn in 2024 and is expected to reach USD 285.5 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.

Finger Splint Market Key Factors

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Rising prevalence of arthritis and finger injuries can boost demand for finger splints. Finger splints help in immobilization of the affected finger joint and provide support, thus, facilitating faster healing. Moreover, growing participation in sports and adventurous activities have increased the risk of accidental finger injuries. Increasing healthcare expenditure and better access to healthcare services in developing countries can offer new growth opportunities for market players. However, availability of alternative treatments for finger injuries can hamper the market growth over the forecast period.

Rising Prevalence of Finger Injuries

With the fast-paced lives that many people lead in modern times, the instances of accidental injuries have increased substantially over the years. The hands are frequently used for a wide variety of tasks at work, home or during recreational activities, thus, placing the fingers at considerable risk of sustaining sprains, fractures and other forms of trauma. Whether it is due to falls, accidents during sports or vigorous physical work, minor disturbances during day-to-day chores or repetitive stress injuries, fingers can get hurt. For instance, in March 2023, according to a study published by Journal of Hand Surgery, the prevalence of finger injuries has increased significantly over the past decade. The study analyzed data from over 1,000 patients and found that the most common causes of finger injuries were falls, sports-related accidents, and repetitive stress injuries.

Finger Splint Market Concentration By Players

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Rise in Sports and Accidental Injuries

Physical fitness and participation in sports or recreational activities has become increasingly popular worldwide over the past few decades. While an active lifestyle has tremendous health benefits, it also means a higher risk of orthopedic injuries. Sports that involve ball handling, climbing, biking, combat and contact are known to place extra stress on hands and fingers. Whether it is a jammed finger during basketball, a dislocated joint from yoga or a fractured bone in an accidental fall while trekking, injuries to the fingers are quite common in sports and adventure activities. Due to growing urbanization and mechanization of tasks, instances of accidental injuries at workplaces have been increased. Jobs involving assembly lines, construction, manufacturing, logistics, and others can leave workers vulnerable to crush injuries or amputations. Even domestic mishaps in homes like cuts from knives, burns from hot appliances or falls while gardening happens more frequently as per people’s medical reports. All these kinds of trauma frequently impact the delicate fingers and their structures.