Finger Extension Splint Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Aluminum Material, Neoprene Material, Foam Material, Other); Application (Pharmacy, Medical Shop, Online Pharmacy, Other) and Geography
Report Code: TIPRE00023198
| No. of Pages: 150
| Category: Medical Device
| Status: Upcoming
With growing age, due to less water content the cartilages become susceptible to strains that requires splinting products. Splints are used universally for muscular, tendon or ligament, and bone fractures or injuries and in many other medical cases. . It is usually made up of foam and neoprene. It provides a convenient and cost effective treatment for numerous types of medical conditions of the fingers. A finger splint is a therapeutic device which can be applied to a finger as it recovers from an injury. Finger Extension Splint is designed to protect and immobilize a finger with injury, fracture. The main purpose of the splint is reduction of strain on the finger during normal activities throughout the immobilization period.
The "Global Finger Extension Splint Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the finger extension splint market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading finger extension splint market players and offers key trends and opportunities in the market.
Based on type, the global finger extension splint market is segmented into aluminum material, neoprene material, foam material and other.
On the basis of application, the market is segmented into pharmacy, medical shop, online pharmacy and other.
MARKET DYNAMICS Drivers
Rising geriatric population worldwide coupled with growing prevalence of neurodegenerative, cardiovascular, and musculoskeletal disorders are the major factors driving the finger extension splint market.
Increasing demand of advanced splinting products such as neoprene, rising awareness about safety of players and rising sports injuries boosts the market growth.
Growing utilization of finger splints materials for improved handling or usage, and increased safety and portability fuel the market growth.
Growing technological advancements and various research initiatives that are being undertaken by medical equipment manufacturing companies worldwide for development of new splinting products propel the market growth.
Lack of favorable reimbursement scenario in various economies.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The finger extension splint market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the finger extension splint market in these regions.
IMPACT OF COVID-19 ON FINGER EXTENSION SPLINT MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. Due to COVID-19 pandemic the market growth has been impacted because of lack of supply of raw materials, business shutdowns globally which affected the demand for finger extension splints as there was a drop in it from the sports industry. Moreover, the decreased demand and fluctuating industrial output have negatively impacted the market. However, it is anticipated that the market may witness increase in the demand during the forecast period from the sports industry, which will lead to sustainable market growth.
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The report covers key developments in the finger extension splint market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from finger extension splint market are anticipated to have lucrative growth opportunities in the future with the rising demand for finger extension splint in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the finger extension splint market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Dynamic Techno Medicals
DeRoyal Industries, Inc.
Bird & Cronin, Inc.
Tynor Orthotics Private Limited
Silver Ring Splint
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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The List of Companies
1. Alimed, Inc.
2. Dynamic Techno Medicals
3. ORFIT INDUSTRIES
4. DeRoyal Industries, Inc.
5. Bird and Cronin, Inc.
6. Tynor Orthotics Private Limited
7. Ortholife Global
9. Silver Ring Splint