Sales of Finger Splints Market Are Predicted to Increase at 6.3% CAGR by 2033

The global finger splint market reached US$ 334.84 million in 2022, according to the latest market study by Fact.MR. Worldwide demand for finger splints rose at a CAGR of 6.6% from 2018 to 2022, and thus, the market is expected to reach US$ 355.94 million in 2023. From 2023 to 2033, sales of finger splints are predicted to increase at 6.3% CAGR and climb to a market size of US$ 655.70 million by 2033-end.

A finger splint is a medical device used to immobilize and support a finger or a specific joint of the finger. It is designed to provide stability, protect the injured or affected area, and promote proper healing. Finger splints are typically prescribed by healthcare professionals, such as doctors or orthopaedic specialists, who assess the injury or condition and determine the appropriate type and duration of splinting required. It is important to follow the instructions provided by healthcare professionals and wear the splint as directed to ensure proper healing and recovery.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ :https://www.factmr.com/connectus/sample?flag=S&rep_id=5778?PJย 

The finger splint market is an essential segment within the medical device industry, serving patients who require support and immobilization for finger injuries and various medical conditions. Finger splints come in various forms, from simple plastic or metal designs to more advanced, customizable solutions. As of my last knowledge update in January 2022, I can provide an overview of the finger splint market, including its key drivers, challenges, recent industry trends, and news.

๐Š๐ž๐ฒ ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ข๐ž๐ฌ ๐๐ซ๐จ๐Ÿ๐ข๐ฅ๐ž๐

โ€ข Alimed, Inc.
โ€ข Tynor Orthotics Private Limited
โ€ข Zimmer Biomet
โ€ข Bird & Cronin Inc. (Dynatronics Corporation)
โ€ข Corflex, Inc.
โ€ข DJO Global, Inc. (Colfax Corporation)
โ€ข DeRoyal Industries, Inc.
โ€ข ORFIT INDUSTRIES NV
โ€ข Silver Ring Splint
โ€ข Ortholife Global

Market Drivers:

  • Rising Incidence of Injuries:ย Finger injuries, such as fractures, dislocations, and sprains, are common in everyday life and across various professions. The need for finger splints has been driven by the increasing incidence of such injuries, particularly in sports, construction, and industrial sectors.
  • Orthopedic Applications:ย Finger splints are frequently used in orthopedics to treat conditions like mallet finger, trigger finger, and arthritis. The aging population and the growing prevalence of orthopedic disorders have fueled demand for these devices.
  • Customization and Innovation:ย Manufacturers have been focusing on designing more comfortable and customizable finger splints, offering improved options for patients. Innovative materials and designs have enhanced patient compliance and overall comfort.
  • Occupational Health and Safety:ย In industries where finger injuries are a common concern, such as construction and manufacturing, finger splints are crucial for occupational health and safety. Compliance with safety regulations has contributed to market growth.

Trends in the Finger Splint Market:

  • Material Advancements:ย Manufacturers are developing finger splints using advanced materials like memory foam, silicone, and breathable fabrics. These materials enhance comfort and encourage patient compliance.
  • Customization and 3D Printing:ย Customized finger splints, often produced using 3D printing technology, are gaining traction. These personalized solutions provide an optimal fit and improve the overall patient experience.
  • Ergonomic Designs:ย Finger splints with ergonomic and user-friendly designs are becoming more prevalent. These designs prioritize patient comfort, ease of use, and adjustability.
  • Telehealth Integration:ย With the growth of telehealth services, patients can receive remote consultations and recommendations for finger splints, making it more convenient to access appropriate medical devices.
  • Eco-Friendly Splints:ย Sustainability is a growing trend, and some manufacturers are now producing eco-friendly finger splints using recyclable materials and environmentally responsible production processes.

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž

The aforementioned players rely on a blend of organic and inorganic strategies to deepen penetration across lucrative markets. These strategies include product launches, collaboration with key players, partnerships, acquisitions, and strengthening of regional and global distribution networks.

Similarly, recent developments related to companies manufacturing finger splints have been tracked by the team at Fact.MR, and the data is available in the full report.

๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ฌ ๐‚๐จ๐ฏ๐ž๐ซ๐ž๐

โ€ข Type
โ€ข Frog Finger Splints
โ€ข Finger Extension Splints
โ€ข Finger Cot Splints
โ€ข Thumb Spica Splints
โ€ข Others

โ€ข Material
โ€ข Aluminium Finger Splints
โ€ข Neoprene Finger Splints
โ€ข Plastic and Thermoplastic Finger Splints
โ€ข Foam Finger Splints
โ€ข Others

โ€ข Price
โ€ข Under US$ 10 Finger Splints
โ€ข US$ 10 โ€“ US$ 50 Finger Splints
โ€ข Above US$ 50 Finger Splints
โ€ข Distribution Channel
โ€ข Offline Sales of Finger Splints
โ€ข Medical stores
โ€ข Sports Stores
โ€ข Hypermarkets and Supermarkets
โ€ข Other Retail Stores

โ€ข Online Sales of Finger Splints
โ€ข e-Commerce Websites
โ€ข Company-owned websites

๐†๐ž๐ญ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐Ÿ๐จ๐ซ ๐’๐ฉ๐ž๐œ๐ข๐Ÿ๐ข๐œ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐’๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ:ย https://www.factmr.com/connectus/sample?flag=RC&rep_id=5778?PJย 

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