Market Overview:
The global wrist support device market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of wrist injuries and rising demand for advanced wrist support devices. Based on type, the global wrist support device market is segmented into adjustable and unadjustable devices. The adjustable devices segment is expected to grow at a higher CAGR than the unadjustable devices segment during the forecast period. This can be attributed to their ability to provide customized support as per individual requirements. Based on application, the global wrist support device market is divided into hospitals, clinics, and other applications such as sports and home use. The hospitals segment accounted for a major share of the global wrist support device market in 2017 and this trend is projected to continue during the forecast period owing to increasing number of hospital admissions due to injuries sustained by wrists.
Product Definition:
A wrist support device is a piece of equipment that is used to provide support and stability to the wrist. It can be used to treat injuries or conditions such as carpal tunnel syndrome. The device may be made from a variety of materials, including fabric, foam, or plastic. It is typically worn around the wrist and secured with Velcro or straps.
Adjustable:
An adjustable wrist support device is a medical device used to provide comfort and aid in the recovery of patients recovering from acute injury or surgery. It helps in maintaining the neutral position of the hand, which ensures proper blood circulation and nerve function.
Unadjustable:
Unadjustable is a device used to provide wrist support while using hand-held devices such as smartphones, tablets or laptops. It helps in reducing the strain on the neck and back.
The global adjustable market is expected to witness significant growth over the forecast period owing to its growing adoption among working individuals who spend most of their time in front of a computer desk. The product also provides relief for people with carpal tunnel syndrome, arthritis, and other wrist related disorders.
Application Insights:
The other application segment held the largest share of the global wrist support device market in 2017. This is due to an increase in the adoption of these devices by athletes and patients suffering from carpal tunnel syndrome or tennis elbow for better comfort. Moreover, a rise in sports-related injuries has also boosted demand for these supports globally. According to a study published by WHO, it was found that around 300 million people worldwide suffer from sports injuries every year and around 50 million are injured seriously enough to miss work or school as a result of their injury. In addition, according to another study published by NCBI, it was estimated that about 8 out of 10 adults will experience some form of arthritis during their lifetime due to which they may require wrist supports as well as other types of assistive devices such double scoops ice cream makers and crayon graspers among others.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing cases of arthritis and other joint problems, rising adoption of advanced technologies such as video-based instruction, and growing preference for surgical procedures over alternative treatments. Europe accounted for a significant share in the global market owing to high product demand from Germany, U.K., France, Italy and Spain among others.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to improving healthcare infrastructure coupled with rising awareness about various support devices used for rehabilitation after surgery or injury management post-surgery or fracture/dislocation of bone/ligament/tendon damage due to sports injuries etc.
Growth Factors:
- Increasing incidence of wrist injuries: The increasing incidence of wrist injuries is one of the key growth drivers for the global wrist support device market. According to a study by the Centers for Disease Control and Prevention (CDC), around 2 million people in the U.S. suffer from sports-related injuries every year, out of which around 30% are wrist injuries. This high incidence rate is expected to drive demand for wrist support devices in the coming years.
- Growing awareness about safety and prevention: There has been a growing awareness among consumers about safety and prevention, especially with respect to sports-related injuries. This has led to an increase in demand for preventive measures such as wrist support devices, which can help reduce the risk of injury occurrence or severity thereof.
- Rising popularity of contact sports: The rising popularity of contact sports such as football, rugby, and hockey is another major factor that is expected to fuel demand for wrist support devices in the near future., These types if sport are known to cause a high numberofwristinjuriesamong participants owingto their physical natureandcontact with other players or objects onthe field/court/pitch etcetera . As a result,, there will be an increasing needfor protective gear includingwristsupportdevicesamong athletesparticipatingin these activities., This will create lucrative opportunitiesfor market players operating inthe globalwristsupportdevicemarket .
- . Technological advancements: With technological advancements taking place at a rapid
Scope Of The Report
Report Attributes
Report Details
Report Title
Wrist Support Device Market Research Report
By Type
Adjustable, Unadjustable
By Application
Hospital, Clinic, Other
By Companies
Baumer, Biotech Medical, Johnson&Johnson, Orthofix, Ortosintese, Sofemed International, Taeyeon Medical, Treu Instrumente, TST Medical Devices
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
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Wrist Support Device Market Report Segments:
The global Wrist Support Device market is segmented on the basis of:
Types
Adjustable, Unadjustable
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
Hospital, Clinic, 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:
- Baumer
- Biotech Medical
- Johnson&Johnson
- Orthofix
- Ortosintese
- Sofemed International
- Taeyeon Medical
- Treu Instrumente
- TST Medical Devices
Highlights of The Wrist Support Device 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:
- Adjustable
- Unadjustable
- By Application:
- Hospital
- Clinic
- 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 Wrist Support Device 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 wrist support device is a type of medical device that is worn on the wrist to provide support and assistance during activities such as typing, using a mouse, or using a computer.
Some of the major players in the wrist support device market are Baumer, Biotech Medical, Johnson&Johnson, Orthofix, Ortosintese, Sofemed International, Taeyeon Medical, Treu Instrumente, TST Medical Devices.
The wrist support device market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wrist Support Device 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 Wrist Support Device Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Wrist Support Device 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 Wrist Support Device 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 Wrist Support Device Market Size & Forecast, 2020-2028 4.5.1 Wrist Support Device Market Size and Y-o-Y Growth 4.5.2 Wrist Support Device 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 Adjustable
5.2.2 Unadjustable
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 Hospital
6.2.2 Clinic
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wrist Support Device 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 Wrist Support Device 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 Adjustable
9.6.2 Unadjustable
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 Hospital
9.10.2 Clinic
9.10.3 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 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 Adjustable
10.6.2 Unadjustable
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 Hospital
10.10.2 Clinic
10.10.3 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 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 Adjustable
11.6.2 Unadjustable
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 Hospital
11.10.2 Clinic
11.10.3 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 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 Adjustable
12.6.2 Unadjustable
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 Hospital
12.10.2 Clinic
12.10.3 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) 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 Adjustable
13.6.2 Unadjustable
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 Hospital
13.10.2 Clinic
13.10.3 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 Wrist Support Device Market: Competitive Dashboard
14.2 Global Wrist Support Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Baumer
14.3.2 Biotech Medical
14.3.3 Johnson&Johnson
14.3.4 Orthofix
14.3.5 Ortosintese
14.3.6 Sofemed International
14.3.7 Taeyeon Medical
14.3.8 Treu Instrumente
14.3.9 TST Medical Devices