Global Finger Splint By Product Type (Finger Extension Splints, Thumb Spica Splints, Finger Cot Splints, Frog Splints, Trigger Finger Splint and Mallet Finger Splints), Material (Aluminium, Foam, Plastic, Thermoplastic, Fabric and Rubber and Neoprene), Application (Sports, Medical and Others), Price Range (Under US$ 10, US$ 10 – US$ 50 and Above US$ 50), Distribution Channel ((Online and Offline), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Finger Splint Market
The finger splint market is expected to be growing at a growth rate of 7.10% in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the factors responsible for fostering the growth of finger splint market. This rise in finger splint value can be attributed to the various factors such as increased focus of the product manufacturers on product innovations, growing number of orthopaedic surgeries and treatment, growing popularity of e-commerce platforms especially in the developing economies and increasing personal disposable income. This signifies that the finger splint market value would stand tall by USD 180 million by 2028.
Finger splints are applied to the dorsal aspect of the finger. Finger splints extend from the fingertip to the dorsum of the wrist. Finger splints are generally manufactured out of aluminium and foam.
Rising incidences of accidental and adventure related injuries and increasing personal disposable income are the major factors fostering the growth of the market. Growth and expansion of healthcare and medical devices industry especially in the developing economies, surge in the participation of youngsters and different kinds of sports, growing number of surgical operations and rise in the research and development activities are some other indirect market growth determinants. Growing penetration of e-commerce platforms, increased inclination towards purchasing new and advanced medical products, rising geriatric population and rising globalization and westernization will also create lucrative and remunerative market growth opportunities in the long run.
- On the flip side, unfavourable reimbursement scenario in developing and under developed economies will pose a major challenge to the growth of market in the long run. Fluctuations in the prices of raw material will further derail the market growth rate. Further, dearth of skilled professionals will also create hindrances for the market growth rate.
This finger splint market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on finger splint market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Finger Splint Market Scope and Market Size
The finger splint market is segmented on the basis of product type, size, material, application, price range and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the finger splint market has been segmented into finger extension splints, thumb Spica splints, finger cot splints, frog splints, trigger finger splint and mallet finger splints.
- On the basis of size, the finger splint market is segmented into small, medium and large.
- On the basis of material, the finger splint market is segmented into aluminium, foam, plastic, thermoplastic, fabric and rubber and neoprene.
- On the basis of application, the finger splint market is segmented into sports, medical and others.
- On the basis of price range, the rainwear market is segmented into under US$ 10, US$ 10 – US$ 50 and above US$ 50.
- On the basis of distribution channel, the finger splint market is segmented into online and offline. Online segment is sub-segmented into e-commerce and company-owned website. Offline segment is sub-segmented into pharmacy, sports stores and hyper market and super market.
Finger Splint Market Country Level Analysis
The finger splint market is analysed and market size insights and trends are provided by country, product type, size, material, application, price range and distribution channel as referenced above.
The countries covered in the finger splint market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the finger splint market owing to the rising prevalence of road accidents and sports injuries. Asia-Pacific will continue to witness substantial gains during the forecast period. Rising personal disposable income, rapid globalization, westernization, modernization and surge in geriatric population are some major market growth determinants for this
The country section of the finger splint market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Finger Splint Market Share Analysis
The finger splint market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to finger splint market.
The major players covered in the finger splint market report are Zimmer Biomet, Alimed Inc., Tynorindia, Corflex, Bird & Cronin, LLC, DJO, LLC, DeRoyal Industries, Inc., DeRoyal Industries, Inc., ORFIT INDUSTRIES NV, Silver Ring Splint, Ortholife Global, Dynatronics Corporation, OTTOBOCK, MediBuddy., THUASNE, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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