About Finger Splints
Over the last several years, there has been a considerable increase in the demand for finger splints due to an increase in the frequency of finger injuries. Recent improvements in arthroplasty, as well as the introduction of innovative treatments to address long-term residual pain stiffness, premature degenerative arthritis, and deformity, are projected to propel the finger splint market forward throughout the forecast period. In the near future, 3D printing is expected to play a critical role in improving the production process for finger splints.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Finger Splints 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.
Alimed, Inc. (United States), Tynor Orthotics Private Limited (India), Zimmer Biomet (United States), Bird & Cronin Inc. (Dynatronics Corporation)(United States), Corflex, Inc. (United States), DJO Global, Inc. (Colfax Corporation) (United States), DeRoyal Industries, Inc. (United States) and ORFIT INDUSTRIES NV (Belgium) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Silver Ring Splint (United States) and Ortholife Global (United States).
Segmentation Overview
AMA Research has segmented the market of Global Finger Splints market by Type (Frog Finger Splints, Finger Extension Splints, Finger Cot Splints, Thumb Spica Splints and Others), Application (Sports, Medical and Others) and Region.
On the basis of geography, the market of Finger Splints has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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 Material , the sub-segment i.e. Aluminium Finger Splints will boost the Finger Splints market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Medical stores will boost the Finger Splints market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancements and improvement in flexor tendon repair and Advent of 3D printing
Market Growth Drivers:
Growing aging population and Increasing number of traumatic injuries caused due to sports and other forms of physical activities
Challenges:
Impact of pandemic
Restraints:
Fluctuation in the raw material
Opportunities:
Advent of new finger splints made from new and improved materials and Rising research initiatives are undertaken by various medical equipment manufacturing companies worldwide to develop splinting products
Market Leaders and their expansionary development strategies
In December 2020, Zimmer Biomet Holdings, Inc., a global leader in musculoskeletal healthcare, announced that the company has completed the acquisition of A&E Medical Corporation, a Vance Street Capital Portfolio Company, for USD150 million in cash at closing and USD100 million in cash payable in 2021.
In February 2019, Henkel and Origin have been collaborating to develop new materials by optimizing print processes that extend the current boundaries of additive manufacturing. As a result of this partnership Henkel has developed an entirely new 3D printable photopolymer material with fire, smoke and toxicity resistance properties for use with Origin One printers.
Key Target Audience
New Entrants and Investors, Finger Splints Provider, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations 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.