Foam Finger Splint Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Foam finger splint is intented to support and immobilize the inter- phalangeal joints of the fingers in their natural functional positions. It helps heal after ligament or tendon injury of the fingers, rehabilitation after burns to avoid contractures, and mallet finger problem. In addition, it can be used as post-surgical care. It is a Convenient method for fast recovery and nonallergic to the skin. Various medical equipment manufacturing companies are undertaking numerous research initiatives worldwide to develop splinting products that reduce sports injuries, give more comfort, and are lightweight, creating new opportunities for foam finger splint manufacturers.

MARKET SCOPE

The "Global Foam Finger Splint Market Analysis to 2031" is a specialized and in-depth study of the medical devices industry with a special focus on the global market trend analysis. The report aims to provide an overview of the foam finger splint market with detailed market segmentation by type, end use, and geography. The report provides key statistics on the market status of the leading foam finger splint market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•  Based on product type, the global foam finger splint market is segmented into frog splints, finger extension splints, finger cot splints, thumb spica splints, others.
•  On the basis of distribution channel, the market is segmented into medical stores, sport stores, hypermarkets and supermarkets, e-commerce websites, others.

MARKET DYNAMICS

Drivers

•  Rise in the awareness about different fracture management products.
•  Rise in the geriatric population.

Restraints

•  These stringent reimbursement policies are the major restraining factor for this market.

REGIONAL FRAMEWORK

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 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The foam finger 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 marketduring 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 foam finger splint market in these regions.

IMPACT OF COVID-19 ON FOAM FINGER 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, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the foam finger 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from foam finger splint market are anticipated to lucrative growth opportunities in the future with the rising demand for foam finger splint in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the foam finger 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.

•  Alimed, Inc.
•  Tynor Orthotics Private Limited
•  Zimmer Biomet
•  Bird and Cronin Inc. (Dynatronics Corporation)
•  Corflex, Inc.
•  DJO Global, Inc.
•  DeRoyal Industries, Inc.
•  ORFIT INDUSTRIES NV
•  Silver Ring Splint
•  Ortholife Global

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.

Foam Finger Splint Report Scope