Demand Of Finger Splint Market Is Expected To Reach US$ 655.70 Million By 2033 X Herald

2023-09-26 12:45:25

(MENAFN- Ameliorate Digital Consultancy) The finger splint market reached US$ 334.84 million in 2022. From 2018 to 2022, global demand for finger splints increased at a CAGR of 6.6%, and the market is predicted to reach US$ 355.94 million in 2023. From 2023 to 2033, sales of finger splints are expected to grow at a 6.3% CAGR, reaching a market size of US$ 655.70 million by the end of 2033.

The global finger splint market has witnessed significant growth over the past few years and is expected to continue its upward trajectory in the coming years. Finger splints are orthopedic devices designed to immobilize and support injured or fractured fingers. They play a crucial role in the rehabilitation process, aiding in the healing of finger injuries and promoting proper alignment. Several factors contribute to the growth of this market.

Get Free Sample Copy of This Report:

Market Insights:

Rising Incidence of Finger Injuries: The increasing prevalence of hand and finger injuries due to accidents, sports activities, and age-related conditions has been a primary driver of the finger splint market. As the population ages and engages in more physical activities, the demand for finger splints is expected to rise.

Technological Advancements: Advances in materials and manufacturing techniques have led to the development of more comfortable and effective finger splints. Innovations in materials like thermoplastic and memory foam have enhanced patient comfort while providing superior support and immobilization.

Orthopedic Care Awareness: Growing awareness about the importance of orthopedic care and early intervention in finger injuries has boosted the demand for finger splints. Patients are increasingly seeking medical attention for finger injuries, contributing to the expansion of the market.

Customization and Personalization: The trend towards customized medical solutions has extended to finger splints. Manufacturers now offer customizable splints that cater to the specific needs of patients, ensuring a better fit and more effective treatment.

E-commerce and Online Retail: The rise of e-commerce platforms has made it easier for consumers to access a wide range of finger splints. This convenience factor has positively impacted market growth, as individuals can easily purchase splints online.

Key Players:

Zimmer Biomet
Corflex, Inc.
Alimed Inc.
DeRoyal Industries, Inc.
Orfit Industries NV
Ortholife Global
Silver Ring Splint
DJO Global, Inc.
Tynor Orthotics Private Limited

Competitive Landscape:

Several variables influence the competitive landscape of the finger splint market, including the existence of important companies, product innovation, distribution networks, price tactics, and customer relationships. There is a mix of established corporations, niche players, and new startups in the market.

Product innovation is important in the market's competitive landscape. With ergonomic designs, adjustable features, and enhanced breathability, companies attempt to develop new splint designs that provide better comfort, simplicity of use, and improved patient results.

Dassiet released UCAST, a product range specifically built for hospitals and healthcare facilities, in January 2022. UCAST seeks to speed and improve fracture therapy while putting patient and nursing staff safety first. Notably, UCAST splints are made from non-toxic and non-allergenic materials, thus medical personnel do not need to wear protective gear throughout the casting process.

In October 2021, Promoteq and Dassiet collaborated to offer an emergency splint available to end users and professional clients worldwide.

The finger splint market is poised for continued growth due to the rising incidence of finger injuries, technological advancements, and increased awareness of orthopedic care. The competitive landscape is characterized by a variety of reputable companies striving to provide effective and comfortable finger splint solutions to meet the evolving needs of patients. As the market continues to expand, it is likely to witness further innovations and customization options to improve patient outcomes and comfort.

Get Customization on this Report for Specific Research Solutions:

About Fact.MR:

Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we delivers deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empowers businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.

Contact:

US Sales Office

11140 Rockville Pike

Suite 400 Rockville, MD 20852

United States Tel: +1 (628) 251-1583, +353-1-4434-232 (D)

Sales Team :

MENAFN26092023004660010643ID1107145572

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.