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Finger Splint Market (Type - Finger Extension Splints, Thumb Spica Splints, Finger Cot Splints, Frog Splints, and Mallet Finger Splints; Material - Aluminum, Foam, Plastic, Thermoplastic, and Neoprene; Application - Sports, Medical, and Others; Distribution Channel - Online, and Offline): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : February, 2021

  • Rep Id : CGP115

  • Category : Consumer Goods and Packaging

  • Status : Published

A recent report published by Infinium Global Research on finger splint market provides in-depth analysis of segments and sub-segments in the global as well as regional finger splint market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional finger splint market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global finger splint market. According to the report, the global finger splint market is projected to grow at a healthy CAGR over the forecast period of 2020-2026.

 

Market Insight

The incidence of spasticity of the hand after a stroke event is known as a major reason for functional limitations that reduces the quality of life in patients. Finger splints are among the alternative rehabilitation treatments for reducing spasticity of the hand. Finger splints help to reduce PIP joint flexion contractures that are associated with acute injuries and provide support of fingers from spinal cord injuries. It is highly used by patients with post-acute injury to the hand when a flexion contracture has formed at the PIP joint. They can easily apply, adjust, or trim the tube for a custom fit.

 

Increasing athletic activity among people and increased road accidents are significantly driving the demand for Finger Splint. Furthermore, rising health consciousness among the millennial has also increased their involvement in sports and exercises. An enormous portion of the population is shifting from core participation to casual participation into sports-based activities. In addition, the rising participation of children in physical activity has also resulted in increased sports injuries which further boost the demand for finger splints. Another growth driving factor for the finger splint market is a substantial investment in sports by countries such as Japan, China, UK, and the US. Further, owing to the increasing bone injuries, ligaments, and joint problems among the majority of the old age population resulting in the growth of the demand for finger splint market. However, the lack of strong government initiatives and reimbursement policies in developing countries hinders the demand for finger splints in these regions. Nevertheless, growing awareness about sports and their benefits on health will augment the demand for sport-related products during the post-pandemic period. The current concern about the covid-19 outbreak is expected to cause a negative impact on the growth of the finger Splint Market. Several countries have resorted to lockdowns to contain the spread of the pandemic. This has also resulted in cancelations or postponement of many sporting events such as Olympics, Wimbledon, F1 Races, Athletics, and National Basketball Association which has reduced sports-based injuries to a major extent. This in turn has affected the sales of overall sports-based equipment and medicines, particularly reducing the demand for finger splints all over the globe.

 

Among the regions, Asia Pacific held the largest share in the global finger splint market and is projected to grow with the highest CAGR over the forecast years. The high incidences of road accidents and the increasing participation of countries such as India, China, Japan, and South Korea in sports are major factors contributing to the growth of the Asia Pacific finger splint market. Further, rising investment in sports infrastructure by the countries such as India, Japan, and China drives the growth of the finger splint market. North America also holds a considerable share in the global finger splint market as there is more awareness about sports and as North American countries such as the U.S., Canada, and Mexico have an established sports infrastructure. Further, the U.S. also holds a large number of sporting events annually, which in turn increases the demand for finger splints in the region.

 

Segment Covered

The report on global finger splint market covers segments such as type, material, application, and distribution channel. On the basis of type, the sub-markets include finger extension splints, thumb spica splints, finger cot splints, frog splints, and mallet finger splints. On the basis of material, the sub-markets include aluminum, foam, plastic, thermoplastic, and neoprene. On the basis of application, the sub-markets include sports, medical, and others. On the basis of distribution channel, the sub-markets include online, and offline.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Zimmer Biomet, Alimed, Inc., Tynor Orthotics Private Limited, Corflex, Inc., Bird & Cronin Inc., DJO Global, Inc., DeRoyal Industries, Inc., ORFIT INDUSTRIES NV, Ortholife Global, and Silver Ring Splint.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of finger splint market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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