by Finger splints are orthosis devices used for immobilizing and protecting injured or recovering fingers. Finger splints provide protection, support, and immobilization to the injured fingers by limiting their movement and preventing further damage. The global demand for finger splints is increasing owing to the rising cases of finger injuries associated with sports activities or workplace accidents. The automation in the manufacturing process of finger splints has improved their design and efficacy.
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 in the market include growing Finger Splint Market Demand for development of digit splints using innovative materials. The adoption of 3D printing technology has allowed customized design and production of finger splints.
Technological advancements like use of thermoplastic and lightweight materials for manufacturing finger splints have improved patient comfort and compliance. Some vendors are developing digit splints integrated with sensors to track recovery progress.
Market Drivers
The key driver for global Finger Splint Market Size and Trends is rising incidences of finger and hand injuries due to increasing participation in sports and recreational activities. Growing elderly population suffering from arthritis and other finger conditions also contribute to the market growth. Introduction of innovative product designs and use of lightweight high-strength materials in splint manufacturing improves efficacy and patient compliance with treatment.
Challenges in the Finger Splint Market
The finger splint market faces several challenges. Due to the growth of less invasive surgeries, use of finger splints has reduced to some extent. Lack of clinical evidence showing the benefits of finger splints over other alternatives poses another challenge. Rehabilitation protocols too are changing at a fast pace with development of new treatment options. This affects demand for conventional splints. Ensuring comfort and customization for each patient is difficult. Adoption of finger splints also depends on awareness among physicians and patients. Overall, convincing healthcare providers about the clinical advantages of splints over other options remains a key challenge.
SWOT Analysis
Strength: Finger splints provide immobilization and support during healing. They enable early mobilization and are cost-effective.
Weakness: Lack of clinical evidence demonstrating advantages over other therapies. Comfort and fit issues affect compliance.
Opportunity: Growing geriatric population prone to arthritis increases demand. Development of new materials allows customization.
Threats: Rise of minimally invasive surgeries reduces splint usage. Rehabilitation protocols evolve quickly with new treatment options.
The North American market holds the largest share of the global finger splint market currently, both in terms of value and volume. This is attributed to factors such as rising prevalence of hand injuries, availability of advanced healthcare facilities, and growing awareness among people. The Asia Pacific region is projected to witness the fastest growth during the forecast period. Improving healthcare infrastructure and increasing healthcare spending are driving the APAC market.
In terms of value, China, India, and Japan constitute major individual markets in Asia Pacific. Orthopedic injuries are rising in Asia due to a fast aging population and improved diagnostic capabilities. Hence, demand for immobilization devices like finger splints is increasing steadily across Asia Pacific nations.
About Author - Ravina Pandya
Ravina Pandya,a 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, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals. LinkedIn Profile
