Market Overview:
The global finger extension splint market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of hand injuries and rising demand for advanced medical devices. In addition, the growing awareness about advanced medical devices is also contributing to the growth of this market. Based on type, the global finger extension splint market can be segmented into aluminum material, neoprene material, foam material and other types. Aluminum materials are expected to account for a major share of this market during the forecast period owing to their high strength and durability.
Product Definition:
A finger extension splint is a device made of plastic or metal that is worn on the hand to help straighten the fingers. It is used to treat conditions such as Dupuytren's contracture, a condition in which the fingers are bent inward.
Aluminum Material:
Aluminum is a soft, lightweight, and strong metal with excellent malleability. It has various properties such as low density, high strength-to-weight ratio and good electrical & thermal conductivity. Aluminum alloys include materials with different compositions which can be used to produce a wide range of products including extenders & splints for fingers & hand; food cans; window frames; building panels (sash); aircraft components (wing spars); etc.
Neoprene Material:
Neoprene is a synthetic rubber material that is produced from the polymerization of chloroprene. It has similar properties to natural rubber but better strength and resilience.
It also has applications in the healthcare sector as it exhibits good chemical resistance along with being able to withstand high temperatures (up to 200°C or 400°F).
Application Insights:
The application segment includes online pharmacies, medical shops, pharmacies and others. Online pharmacy is expected to be the fastest-growing segment over the forecast period owing to increasing demand for cost-effective medicines across the globe. According to a study published in The Journal of Pharmaceutical and Healthcare Marketing, an estimated USD 1.2 trillion pharmaceutical industry sales was transacted through online channels in 2017 globally which is expected to increase by around 13% from 2017 until 2030.
Regional Analysis:
North America dominated the global market in 2017. The presence of a large number of local manufacturers coupled with high disposable income and healthcare expenditure is expected to drive the regional market over the forecast period. Europe accounted for a significant share in terms of revenue due to rising cases of arthritis and carpal tunnel syndrome among users.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to increasing awareness about early diagnosis, availability & usage, and cost-effectiveness associated with these splints as compared to conventional methods used for treatment. Moreover, favorable government initiatives are also expected favorably impact regional growth over the next eight years. For instance, In India ‘Arthritis Care Programmes’ by National Programme on Arthritis (NPA) aims at creating awareness about osteoarthritis among patients suffering from rheumatoid arthritis or systemic lupus erythematosus (SLE).
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 5.8% from 2016 to 2020, which is expected to drive the demand for finger extension splints.
- Rising incidence of hand injuries: The increasing incidence of hand injuries is another major growth driver for the finger extension splint market. According to a study by the Centers for Disease Control and Prevention (CDC), every year around 2 million people in the U.S require medical attention due to hand injuries, which is likely to boost demand for finger extension splints in the country over the next few years.
- Growing awareness about benefits of finger extension splints: There has been a growing awareness among consumers about the benefits of using finger extension splints, which is likely to fuel market growth in coming years. Some of these benefits include prevention or reduction of joint pain and swelling, improvement in grip strength and dexterity, etc., thereby driving demand for these devices among consumers worldwide..
Scope Of The Report
Report Attributes
Report Details
Report Title
Finger Extension Splint Market Research Report
By Type
Aluminum Material, Neoprene Material, Foam Material, Other
By Application
Pharmacy, Medical Shop, Online Pharmacy, Other
By Companies
Alimed, Tynor Orthotics Private Limited, Zimmer Biomet, Bird & Cronin, Corflex, DJO Global, Inc. (Colfax Corporation), DeRoyal Industries, ORFIT INDUSTRIES, Silver Ring Splint, Ortholife Global
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Finger Extension Splint Market Report Segments:
The global Finger Extension Splint market is segmented on the basis of:
Types
Aluminum Material, Neoprene Material, Foam Material, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmacy, Medical Shop, Online Pharmacy, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Alimed
- Tynor Orthotics Private Limited
- Zimmer Biomet
- Bird & Cronin
- Corflex
- DJO Global, Inc. (Colfax Corporation)
- DeRoyal Industries
- ORFIT INDUSTRIES
- Silver Ring Splint
- Ortholife Global
Highlights of The Finger Extension Splint Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Aluminum Material
- Neoprene Material
- Foam Material
- Other
- By Application:
- Pharmacy
- Medical Shop
- Online Pharmacy
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Finger Extension Splint Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A finger extension splint is a type of splint that is used to support the fingers and hand. It helps to keep the fingers extended and straight, which can help reduce pain and inflammation.
Some of the major players in the finger extension splint market are Alimed, Tynor Orthotics Private Limited, Zimmer Biomet, Bird & Cronin, Corflex, DJO Global, Inc. (Colfax Corporation), DeRoyal Industries, ORFIT INDUSTRIES, Silver Ring Splint, Ortholife Global.
The finger extension splint market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Finger Extension Splint Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Finger Extension Splint Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Finger Extension Splint Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Finger Extension Splint Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Finger Extension Splint Market Size & Forecast, 2018-2028
4.5.1 Finger Extension Splint Market Size and Y-o-Y Growth
4.5.2 Finger Extension Splint Market Absolute $ Opportunity
Chapter 5 Global Finger Extension Splint Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Finger Extension Splint Market Size Forecast by Type
5.2.1 Aluminum Material
5.2.2 Neoprene Material
5.2.3 Foam Material
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Finger Extension Splint Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Finger Extension Splint Market Size Forecast by Applications
6.2.1 Pharmacy
6.2.2 Medical Shop
6.2.3 Online Pharmacy
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Finger Extension Splint Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Finger Extension Splint Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Finger Extension Splint Analysis and Forecast
9.1 Introduction
9.2 North America Finger Extension Splint Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Finger Extension Splint Market Size Forecast by Type
9.6.1 Aluminum Material
9.6.2 Neoprene Material
9.6.3 Foam Material
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Finger Extension Splint Market Size Forecast by Applications
9.10.1 Pharmacy
9.10.2 Medical Shop
9.10.3 Online Pharmacy
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Finger Extension Splint Analysis and Forecast
10.1 Introduction
10.2 Europe Finger Extension Splint Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Finger Extension Splint Market Size Forecast by Type
10.6.1 Aluminum Material
10.6.2 Neoprene Material
10.6.3 Foam Material
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Finger Extension Splint Market Size Forecast by Applications
10.10.1 Pharmacy
10.10.2 Medical Shop
10.10.3 Online Pharmacy
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Finger Extension Splint Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Finger Extension Splint Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Finger Extension Splint Market Size Forecast by Type
11.6.1 Aluminum Material
11.6.2 Neoprene Material
11.6.3 Foam Material
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Finger Extension Splint Market Size Forecast by Applications
11.10.1 Pharmacy
11.10.2 Medical Shop
11.10.3 Online Pharmacy
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Finger Extension Splint Analysis and Forecast
12.1 Introduction
12.2 Latin America Finger Extension Splint Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Finger Extension Splint Market Size Forecast by Type
12.6.1 Aluminum Material
12.6.2 Neoprene Material
12.6.3 Foam Material
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Finger Extension Splint Market Size Forecast by Applications
12.10.1 Pharmacy
12.10.2 Medical Shop
12.10.3 Online Pharmacy
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Finger Extension Splint Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Finger Extension Splint Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Finger Extension Splint Market Size Forecast by Type
13.6.1 Aluminum Material
13.6.2 Neoprene Material
13.6.3 Foam Material
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Finger Extension Splint Market Size Forecast by Applications
13.10.1 Pharmacy
13.10.2 Medical Shop
13.10.3 Online Pharmacy
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Finger Extension Splint Market: Competitive Dashboard
14.2 Global Finger Extension Splint Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alimed
14.3.2 Tynor Orthotics Private Limited
14.3.3 Zimmer Biomet
14.3.4 Bird & Cronin
14.3.5 Corflex
14.3.6 DJO Global, Inc. (Colfax Corporation)
14.3.7 DeRoyal Industries
14.3.8 ORFIT INDUSTRIES
14.3.9 Silver Ring Splint
14.3.10 Ortholife Global
