Market Overview:
The global wrist supports 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 demand for wrist supports from various end-use industries, such as automotive, industrial, and architectural. In addition, the growing awareness about the benefits of using wrist supports is also contributing to the growth of this market. Based on type, the global wrist supports market can be segmented into carbon steel materials, alloy steel materials, aluminium materials, copper materials and stainless materials. Among these segments, carbon steel material held a major share of the global wrist supports market in 2017 and is expected to continue its dominance during the forecast period as well. This can be attributed to its low cost and high strength properties compared with other types of metals used for manufacturing wrist supports.
Product Definition:
A wrist support is an orthopedic device that is worn around the wrist to stabilize and protect the joint. It may be used for a variety of conditions, such as carpal tunnel syndrome, arthritis, or after surgery. The support helps to keep the wrist in a neutral position and limits movement in order to reduce pain and inflammation.
Carbon Steel Materials:
Carbon steel materials are used in wrist supports owing to their properties such as high strength, ductility and malleability. These materials have a low carbon content which makes them stronger than normal carbon steel. The yield strength of these products is higher than that of normal carbon steel making them suitable for applications requiring high tensile strength.
Alloy Steel Materials:
Alloy steel materials are used in wrist supports owing to their properties such as high tensile strength, ductility, hardness and corrosion resistance. These materials have a wide range of applications including oil well drilling platforms, bridge construction and shipbuilding. The global market for alloy steel wrist support is expected to witness significant growth over the forecast period on account of increasing incidences of arthritis among the aging population coupled with rising awareness regarding assistive devices across the globe.
Application Insights:
The automotive application segment accounted for the largest revenue share in 2016 and is projected to continue its dominance over the forecast period. The increasing number of car manufacturers across the world is expected to contribute towards growth. For instance, in 2017, Tesla manufactured about 100 thousand per month. This has led to an increased demand for wrist supports among consumers who frequently use hand-held devices while driving or working on cars.
Industrial application segment was valued at USD 1.5 billion in 2016 owing to high usage by construction workers and other professionals involved in heavy physical activities on a daily basis. These supports are widely used by athletes as well as non-athletes suffering from tennis elbow due to excessive use of hands during sports activities or work related tasks involving computers, etcetera.
Regional Analysis:
North America dominated the global market in 2017 owing to high product adoption by individuals suffering from carpal tunnel syndrome and other similar conditions. The region is expected to maintain its dominance over the forecast period due to increasing awareness about early diagnosis of these disorders, growing disposable income, and availability of effective treatment options in this region.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to rising geriatric population prone towards various health issues such as arthritis and osteoporosis that can be treated using wrist supports. Moreover, improving living standards along with rapid industrialization are also expected to drive regional growth over the next eight years. Europe accounted for a significant share in terms of revenue due mainlyto high demand for products that comply with workplace safety regulations & standards set by European Union (EU).
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, owing to the increase in life expectancy and the growth in the number of people aged 65 years and above. This will result in an increase in demand for wrist supports, as they are commonly used by elderly people to improve joint function and relieve pain.
- Rising prevalence of arthritis: Arthritis is a leading cause of disability worldwide, affecting over 350 million people globally. It is a condition that leads to inflammation and pain in one or more joints, which can severely impair mobility and quality of life. Wrist supports are often recommended as treatment for arthritis, as they help reduce inflammation and pain, improve joint function, and promote healing.
- Growing awareness about benefits of wrist supports: There has been a growing awareness among consumers about the benefits of using wrist supports for various conditions such as carpal tunnel syndrome (CTS), arthritis, tennis elbow (lateral epicondylitis), etc., which is driving demand for these products worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wrist Supports Market Research Report
By Type
Carbon Steel Materials, Alloy Steel Materials, Aluminium Materials, Copper Materials, Stainless Materials
By Application
Industrial, Automotive, Architectural
By Companies
KANEFUSA CORPORATION, Cold Saw Shop, Grand Blanc Industries, The Blade Manufacturing Co., SawingTechnology s.r.o., SAWBLADE, Scotchman, Baileigh Industrial, LENNARTZ, BLECHER, Ravik Engineers Private Limited, Expert Die, Inc., Brobo Group, Kunshan Fujire Tools factory, Hangzhou Xinsheng Precision Machinery CO.,LTD
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
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Wrist Supports Market Report Segments:
The global Wrist Supports market is segmented on the basis of:
Types
Carbon Steel Materials, Alloy Steel Materials, Aluminium Materials, Copper Materials, Stainless Materials
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
Industrial, Automotive, Architectural
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:
- KANEFUSA CORPORATION
- Cold Saw Shop
- Grand Blanc Industries
- The Blade Manufacturing Co.
- SawingTechnology s.r.o.
- SAWBLADE
- Scotchman
- Baileigh Industrial
- LENNARTZ
- BLECHER
- Ravik Engineers Private Limited
- Expert Die, Inc.
- Brobo Group
- Kunshan Fujire Tools factory
- Hangzhou Xinsheng Precision Machinery CO.,LTD
Highlights of The Wrist Supports 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:
- Carbon Steel Materials
- Alloy Steel Materials
- Aluminium Materials
- Copper Materials
- Stainless Materials
- By Application:
- Industrial
- Automotive
- Architectural
- 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 Supports 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?
Wrist supports are a type of medical device that help to support the wrist while it is in an extended position. They can be used to help relieve pain and discomfort, and may also improve function.
Some of the major companies in the wrist supports market are KANEFUSA CORPORATION, Cold Saw Shop, Grand Blanc Industries, The Blade Manufacturing Co., SawingTechnology s.r.o., SAWBLADE, Scotchman, Baileigh Industrial, LENNARTZ, BLECHER, Ravik Engineers Private Limited, Expert Die, Inc., Brobo Group, Kunshan Fujire Tools factory, Hangzhou Xinsheng Precision Machinery CO.,LTD.
The wrist supports 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 Supports 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 Supports Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wrist Supports 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 Supports 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 Supports Market Size & Forecast, 2020-2028
4.5.1 Wrist Supports Market Size and Y-o-Y Growth
4.5.2 Wrist Supports 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 Carbon Steel Materials
5.2.2 Alloy Steel Materials
5.2.3 Aluminium Materials
5.2.4 Copper Materials
5.2.5 Stainless Materials
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 Industrial
6.2.2 Automotive
6.2.3 Architectural
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wrist Supports 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 Supports 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 Carbon Steel Materials
9.6.2 Alloy Steel Materials
9.6.3 Aluminium Materials
9.6.4 Copper Materials
9.6.5 Stainless Materials
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 Industrial
9.10.2 Automotive
9.10.3 Architectural
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 Carbon Steel Materials
10.6.2 Alloy Steel Materials
10.6.3 Aluminium Materials
10.6.4 Copper Materials
10.6.5 Stainless Materials
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 Industrial
10.10.2 Automotive
10.10.3 Architectural
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 Carbon Steel Materials
11.6.2 Alloy Steel Materials
11.6.3 Aluminium Materials
11.6.4 Copper Materials
11.6.5 Stainless Materials
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 Industrial
11.10.2 Automotive
11.10.3 Architectural
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 Carbon Steel Materials
12.6.2 Alloy Steel Materials
12.6.3 Aluminium Materials
12.6.4 Copper Materials
12.6.5 Stainless Materials
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 Industrial
12.10.2 Automotive
12.10.3 Architectural
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 Carbon Steel Materials
13.6.2 Alloy Steel Materials
13.6.3 Aluminium Materials
13.6.4 Copper Materials
13.6.5 Stainless Materials
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 Industrial
13.10.2 Automotive
13.10.3 Architectural
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 Supports Market: Competitive Dashboard
14.2 Global Wrist Supports Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 KANEFUSA CORPORATION
14.3.2 Cold Saw Shop
14.3.3 Grand Blanc Industries
14.3.4 The Blade Manufacturing Co.
14.3.5 SawingTechnology s.r.o.
14.3.6 SAWBLADE
14.3.7 Scotchman
14.3.8 Baileigh Industrial
14.3.9 LENNARTZ
14.3.10 BLECHER
14.3.11 Ravik Engineers Private Limited
14.3.12 Expert Die, Inc.
14.3.13 Brobo Group
14.3.14 Kunshan Fujire Tools factory
14.3.15 Hangzhou Xinsheng Precision Machinery CO.,LTD
