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| Finger Splint Market |
The finger splint market comprises rigid splints that support and immobilize injured fingers and allow healing. They aid in reducing pain and swelling associated with fractures, sprains, dislocations and other finger injuries. Finger splints find widespread use in sports-related accidental injuries like soccer, basketball, American football etc. The adoption of fingers splints is increasing in orthopedic clinics and hospitals for effective post-operative management and recovery from finger surgeries. They enable restricted motion of fingers while keeping them stabilized.
The
Global Finger Splint Market is estimated to be valued at US$ 285.5 Mn in 2024 and
is expected to exhibit a CAGR of 7.2%
over the forecast period 2024 to 2031.
Key Takeaways
The
global expansion of major players through strategic collaborations with
hospitals, retail pharmacies and online retailers is another opportunity. For
instance, in 2019, 3M entered into a partnership with Amazon to distribute its
line of Post-Op recovery products including Finger
Splint Market Size online. This helped improve accessibility of finger
splints globally.
The key opportunities in the market include increasing participation in sports
and recreational activities which has led to rising incidence of injuries.
According to National Safety Council, sports injuries account for over 3
million medically treated injuries annually in the U.S. Moreover, the market is
witnessing increased demand for customized and 3D printed splints for effective
immobilization.
Key
players operating in the Finger
Splint Market Size are 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. These players are focusing on new product launches,
geographical expansions and mergers & acquisitions to strengthen their
market presence.
Market drivers
- Rising incidence of sports injuries and accidental fractures is a major
factor driving the demand for finger splints. According to CDC, approximately
8.6 million recreational or sports-related fractures are reported annually in
the U.S.
- Increasing healthcare expenditure and awareness about post-procedure care is
also propelling the market growth.
Market restraint
- Availability of alternative treatment options like buddy taping,
kinesiotaping reduces the demand for finger splints to some extent.
- High costs associated with customized 3D printed splints limits their
adoption in price sensitive markets.
Segment Analysis
The finger splint market can be segmented into rigid finger splints and soft
finger splints. Rigid finger splints dominate the market as they provide rigid
external support and immobilization to injured fingers. They are widely used
for injuries such as fractures and dislocations and help in healing of injured
fingers by keeping them immobilized in the anatomical position.
Global Analysis
North America dominated the global finger splint market in 2024, owing to
advanced medical infrastructure and high prevalence of sports injuries and
fractures in the region. Asia Pacific is expected to be the fastest growing
market during the forecast period due to increasing healthcare expenditure,
rising awareness regarding finger injuries, growing geriatric population, and
improving medical facilities in emerging countries such as China and India. Key
players are focusing on expanding their presence in Asia Pacific to leverage
growth opportunities.
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