Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the finger splint market provides an 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.
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.
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.
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.
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 the 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.
Please Choose One of them.