by The global finger splint market has been growing rapidly over the past decade due to increase in sports and other physical activities across the globe. Finger splints are widely used medical devices worn on fingers or hands to immobilize and support digits following injuries. They enhance the natural healing process of fingers by preventing further movement or stress. The most common types of finger splints available in the market are aluminum, neoprene, thermoplastic and customized splints. They provide rigidity, thermal insulation and promote proper alignment of injured fingers during rehabilitation.
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
Key players operating in the finger splint market 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.
The key opportunities of innovative finger splints market growth using advanced materials for improved healing and comfort. 3D printing technology is enabling customized finger splints as per patients injury and anatomy.
The global finger splint market is expanding rapidly with high demand from sports medicine sectors in Europe and North America. Major players are focusing on emerging markets of Asia Pacific and Latin America through partnerships and collaborations with local distributors.
Market drivers
The main driver for the growth of the global Finger Splint Market Size and Trends is increasing prevalence of finger and hand injuries due to high participation in sports and other physical activities. According to studies, nearly 2.5 million injuries to hand and fingers are recorded every year in US alone with majority caused due to sports. Finger splints effectively reduce recovery time and help players resume their activities quickly. Other key drivers include rapid aging of population susceptible to arthritis and adoption of finger splints for post-surgical immobilization and rehabilitation.
PEST Analysis
Political: Finger splint market is regulated by agencies that monitor healthcare product standards and pricing. Changes in healthcare regulations can impact market dynamics.
Economic: Availability of medical insurance and out of pocket spending ability of customers affects demand. Increasing health awareness and disposable incomes in developing nations boost growth.
Social: Rising incidence of sports injuries and work accidents driving need. Aging population prone to arthritis further widens application scope.
Technological: 3D printing, novel materials and design innovations help improve fit, comfort and healing process. Introduction of finger splints integrated with sensors for remote monitoring widens prospects.
The North American region holds the largest share of the global finger splint market in terms of value owing to robust healthcare infrastructure, higher injury rates and advanced medical technology adoption. The Asia Pacific region is poised to grow at one of the fastest rates over the forecast period due to rising medical tourism, economic growth and developing healthcare markets in China and India.
The splint market has strong growth potential in the Middle East and Africa region led by Gulf nations due to increasing spending on sports medicine facilities. Latin America presents lucrative opportunities for manufacturers attributable to better access to healthcare in major countries and large population base susceptible to fractures.
Ravina Pandya
Ravina Pandya,Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. LinkedIn
