About Thumb Braces
Thumb braces are used for treating sprains and strains in the thumb. It is also used in treating post-surgery and repetitive stress injury. Thumb braces market has high growth prospects owing to the increasing prevalence of thumb arthritis. Moreover, increasing demand from the healthcare industry expected to drive product demand during the forecasted period.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Market players are focusing on partnerships, collaborations, and new product launches in order to increase their offerings in the thumb braces market. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product offerings. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Thumb Braces market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
UNITED ORTHO (United States), Otto Bock Australia Pty Ltd (Australia), Steeper Inc. (United Kingdom), Kinetec (France), Bauerfeind AG (Germany), Becker Orthopedic (United States), BREG Inc. (United States) and Conwell Medical Co. (Taiwan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Thumb Braces market by Type (Splint and Support Strap), Application (Stabilization and Abduction) and Region.
On the basis of geography, the market of Thumb Braces has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Thumb Braces market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Thumb Braces Market Dynamics:
Attributes | Details |
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Growth Drivers | - Protects Joints and Reduce Pain
- Provides Support for Thumb Joint
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Influencing Trends | - Advancement in the Thumb Braces
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Restraints | - Stringent Government Regulations for Healthcare Products
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Road Blocks / Challenges | - Lack of Awareness among Consumers
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Gaps & Opportunities | - Growing Prevalence of Thumb Arthritis
- Rising Demand from the Medical Sector
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Market Leaders and their expansionary development strategies
On 2nd June 2020, Steeper Group acquired the Espire Elbow prostheses range from United States-based College Park Industries.
Key Target Audience
Thumb Braces Manufactures, Thumb Braces Distributors, Government Agencies, Commercial Research & Development Institutions, Government Organizations, Research Organizations, and Consulting Firms, Trade Associations and Industry Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.