Global Finger Splint Market Is Anticipated To Expand At A CAGR Of Over 7% Over The Next Ten Years

Demand for finger splints is likely to experience promising growth on the back of rising occurrence of accidental, sports, and adventure-associated wounds across the world. Also, utilization of cutting-edge materials to make splints is expected to bolster the sales prospects of manufacturers over the coming years.

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Based on type, thumb spica splints are expected to be most sought-after. This is due to rising preference for leisure sports, physical activities/fitness, and aerobics across the globe. Aluminum/foam finger splints held a majority share of the market in 2019, and the trend is expected to continue in future as well.

As per a new report published by Fact.MR, the global finger splint market is anticipated to surpass a US$ 300 Mn valuation in 2021, and expand at a CAGR of over 7% over the next ten years.

Key Takeaways from Market Study

• The finger splint market is anticipated to add 2X value by 2031.
• Thumb spica finger splints hold a major chunk, equivalent to three-fourth of the global market share, and are set to create an absolute $ opportunity of around US$ 200 Mn over 2021-2031.
• Among the materials, aluminium finger splints have been the fastest-growing segment owing to their sturdy and lightweight nature.
• Plastic & thermoplastic and neoprene are projected to dominate the market in terms of CAGR, as these materials are majorly used in thumb spica splints, which are dominating the global market.
• Due to the COVID-19 crisis, demand for finger splints was hit in 2020, which saw a decline of 2.6% over the 2nd and 3rd quarters of 2020.

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Competition Analysis

Key players manufacturing finger splints are Alimed, Inc., Tynor Orthotics Private Limited, Zimmer Biomet, Bird & Cronin Inc. (Dynatronics Corporation), Corflex, Inc., DJO Global, Inc. (Colfax Corporation), DeRoyal Industries, Inc., ORFIT INDUSTRIES NV, Silver Ring Splint, and Ortholife Global.

These players are expected to come up with technical expertise and product launches that show faster curing results. The market structure is somewhat fragmented, and the degree of fragmentation is expected to rise over the forecast period.

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Key Market Segments Covered

• Type
  • Frog Finger Splints
  • Finger Extension Splints
  • Finger Cot Splints
  • Thumb Spica Splints
  • Others
• Material
  • Aluminium Finger Splints
  • Neoprene Finger Splints
  • Plastic and Thermoplastic Finger Splints
  • Foam Finger Splints
  • Others
• Price
  • Under US$ 10 Finger Splints
  • US$ 10 – US$ 50 Finger Splints
  • Above US$ 50 Finger Splints
• Distribution Channel
  • Offline Sales of Finger Splints
    • • Medical stores
      • Sports Stores
      • Hypermarkets and Supermarkets
      • Other Retail Stores
    • Online Sales of Finger Splints
      • e-Commerce Websites
      • Company-owned websites
• Region
  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Report Benefits & Key Questions Answered

• Finger Splint Market Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
• Finger Splint Market Historical volume analysis: The report provides a comparison of Finger Splint Market historical sales and projected sales performance for 2021-2031.
• Finger Splint Market Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Finger Splint Market It carefully gauges the impact of changing healthcare needs of key demographics globally
• Finger Splint Market Consumption by demographics: The report investigates consumer behavior affecting Finger Splint Market demand outlook for the assessment period. Effect of their keenness for digital trends on Finger Splint Market is  carefully analyzed
• Post COVID consumer spending on Finger Splint Market Consumption: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Finger Splint Market growth.

For More Insights-https://www.prnewswire.com/news-releases/global-sprockets-market-growth-banking-on-a-post-pandemic-automotive-and-construction-industry-recovery-factmr-study-301264144.html

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