Market Overview:
The global ring splints 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 finger injuries and the rising demand for minimally invasive surgeries. In addition, the growing awareness about advanced medical treatments and devices is also contributing to the growth of this market. Based on type, the global ring splints market can be segmented into Swan Neck Splints, Boutonniere Splints, Oval-8 Finger Splints and others. Swan neck splints are used for treating conditions such as carpal tunnel syndrome, rheumatoid arthritis and tennis elbow. Boutonniere splint is used for correcting deformities in fingers caused by burns or fractures.
Product Definition:
A ring splint is a device that is used to support and protect the fingers. It helps to keep the fingers in alignment and prevents them from bending at the joint. Ring splints are often used following an injury or surgery to the hand or finger.
Swan Neck Splints:
Swan neck splints are used to correct post-surgical spinal injuries. They are also used in the treatment of scoliosis, back and neck pain caused by degenerative disc disease or injury, and trauma. The device consists of a series of interconnecting rings that can be molded around the injured area to provide support for the damaged vertebrae in order to help reduce pressure on critical nerves and blood vessels.
Boutonniere Splints:
Boutonniere splints are used in the treatment of bone fractures, ligament injuries and spinal problems. They are small metal or plastic clamps that fit around a damaged bone or joints to hold it in place while healing occurs. Boutonniere splints come in various sizes and shapes for different types of injuries. The most common application is treating fractures by holding the broken bones together until they heal.
Application Insights:
The others segment held the largest share of the global market in 2017. The application includes home healthcare and non-clinical settings, such as recreational activities and sports injuries. Increasing number of accidents, trauma cases and road traffic injuries are expected to drive demand for ring splints over the forecast period.
Hospitals were estimated as the largest application segment in 2017 owing to rising prevalence of diseases, such as Parkinson¢â‚¬â„¢s disease, arthritis & joint disorders along with increasing government funding for hospital construction across countries globally. For instance; China is constructing 100 thousand medical beds under ¢â€š¹ billion project to boost healthcare infrastructure by 2020s which will benefit patients requiring surgeries or emergency treatment at hospitals thus driving demand for ring splints over there during that time span.
Regional Analysis:
North America dominated the global market in 2017 owing to favorable reimbursement policies, high healthcare expenditure, and increasing incidence of sports injuries. According to a study published by Journal of Bone & Joint Surgery (JBJS), in 2015 around 6.5 million people were treated for fractures or other bone injuries and around 1.7 million people were admitted due to these injuries in U.S., which is about 11% of all admissions related to musculoskeletal disorders (MSDs).
Growth Factors:
- Increasing awareness about ring splints and their benefits in preventing finger injuries and improving hand function.
- Growing demand for customized ring splints due to increasing incidence of finger injuries among different population groups.
- Rising popularity of ring splints as a treatment option for chronic conditions such as arthritis.
- Technological advancements that have led to the development of new and innovative ring splint designs and materials.
- Growing number of research studies on the efficacy of ring splints in treating various hand conditions
Scope Of The Report
Report Attributes
Report Details
Report Title
Ring Splints Market Research Report
By Type
Swan Neck Splints, Boutonniere Splints, Oval-8 Finger Splints
By Application
Hospitals, Clinics, Others
By Companies
Silver Ring, VELCRO, 3-Point Products
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Ring Splints Market Report Segments:
The global Ring Splints market is segmented on the basis of:
Types
Swan Neck Splints, Boutonniere Splints, Oval-8 Finger Splints
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
Hospitals, Clinics, Others
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:
- Silver Ring
- VELCRO
- 3-Point Products
Highlights of The Ring Splints 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:
- Swan Neck Splints
- Boutonniere Splints
- Oval-8 Finger Splints
- By Application:
- Hospitals
- Clinics
- Others
- 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 Ring Splints 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Ring splints are a type of bandage that is used to support and protect the injured finger or hand. Ring splints are made from a stretchy material, such as cloth or elastic, and they are usually wrapped around the injured finger or hand. The ring splint is then secured in place with adhesive tape or stitches.
Some of the key players operating in the ring splints market are Silver Ring, VELCRO, 3-Point Products.
The ring splints 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 Ring Splints 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 Ring Splints Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ring Splints 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 Ring Splints 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 Ring Splints Market Size & Forecast, 2020-2028
4.5.1 Ring Splints Market Size and Y-o-Y Growth
4.5.2 Ring Splints Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Swan Neck Splints
5.2.2 Boutonniere Splints
5.2.3 Oval-8 Finger Splints
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ring Splints 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 Ring Splints 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Swan Neck Splints
9.6.2 Boutonniere Splints
9.6.3 Oval-8 Finger Splints
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 Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Swan Neck Splints
10.6.2 Boutonniere Splints
10.6.3 Oval-8 Finger Splints
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 Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Swan Neck Splints
11.6.2 Boutonniere Splints
11.6.3 Oval-8 Finger Splints
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 Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Swan Neck Splints
12.6.2 Boutonniere Splints
12.6.3 Oval-8 Finger Splints
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 Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Swan Neck Splints
13.6.2 Boutonniere Splints
13.6.3 Oval-8 Finger Splints
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) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Others
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 Ring Splints Market: Competitive Dashboard
14.2 Global Ring Splints Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Silver Ring
14.3.2 VELCRO
14.3.3 3-Point Products
