FINGER SPLINT MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Finger splints are medical devices that are used for immobilizing the injured fingers and protecting them from further damage. Rising prevalence of finger injuries such as fractures, sprains and dislocations owing to various factors such as accidents, sports injuries and fall can boost demand for finger splints. Furthermore, growing geriatric population who are more prone to injuries and advent of 3D printing technology for manufacturing customized finger splints as per the finger structure can drive the market growth. However, availability of alternative treatment methods and lack of awareness in some emerging nations can hamper the market growth.

Market Dynamics:

Global finger splint market growth is primarily driven by rising incidence of finger injuries worldwide. Frequent accidents at construction sites and workplaces have significantly contributed to growing number of finger fractures and ligament tears. Participation in sports and recreational activities has also increased hand and finger injuries among both professional as well as amateur players. According to recent statistics, hand injuries account for over 10% of all emergency room visits in the U.S. every year. Moreover, growing geriatric population who are more susceptible to falls and fractures can also boost demand for finger splints globally. However, the availability of alternative treatment options such as buddy taping and cold compression therapy, casts and braces can hamper the market growth. High costs associated with customized 3D printed splints also hinders its  adoption, particularly in price sensitive developing markets. The development of low cost 3D printing technologies and increasing awareness through social media marketing can offer new opportunities for market players in the near future.

Key Features of the Study:

• This report provides in-depth analysis of the global finger splint market, and provides market size (USD Million) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• Key companies covered as a part of this study include 3M, Djo Global, Ottobock, Ossur, DeRoyal Industries, Medi-Dyne Healthcare Products, and DJO Global
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global finger splint market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global finger splint market

Detailed Segmentation-

• By Product Type
  
  • Rigid Splint 
  • Flexible Splint
  • Immobilization Splint 
  • Stress Splint 
  • Post-surgical Splint 
  • Others 
• By Material
  
  • Neoprene 
  • Thermoform
  • Soft Fabric
  • Hard Plastic
  • Metal 
  • Others
• By End User
  
  • Hospitals 
  • Clinics 
  • Home Care Settings
  • Physiotherapy Centers 
  • Others
•  Region:              
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
  • 3M
  • BSN Medical
  • Patterson Medical
  • DJO Global
  • Zimmer Biomet
  • Stryker
  • Smith & Nephew
  • Mueller Sports Medicine
  • Brownmed
  • Össur
  • Mabis Healthcare
  • Acu-Life (Health Enterprises, Inc.)
  • Alimed
  • DeRoyal Industries
  • Orfit Industries
  • Tynor Orthotics Private Limited
  • Sam Medical Products