The global foot and ankle devices market is growing due to technological advancement of ankle and foot devices, and increasing number of free trade agreements. These devices are becoming lighter, stronger, and limits additional amount of energy applied by the organ, thus leading to increased demand for these device. The orthopedic implants and devices segment dominates the market, and is expected to grow with the fastest rate in the coming years. Based on cause of injury, the trauma segment is expected to grow with the fastest rate during the forecast period. The massive unexplored market in the foot and ankle devices industry of the developing economies is creating abundant opportunities for the global foot and ankle devices surgery market.
Explore more about Global Foot and Ankle Devices Market at:
Moreover, the introduction of biologics to treat foot and ankle disorders is also creating growth opportunity for the market. The foot and ankle devices are used to restore function of the ankle and foot, and for the treatment of various conditions, such as diabetic foot, hammertoes, and arthritis. These devices are also used in case of amputation, trauma, and congenital conditions. These devices are used in various procedures, such as fracture reduction, ligament repair, diabetic foot amputation, ankle fusion, and total ankle replacement.
Some of the factors driving the growth of the global foot and ankle devices market are increasing number of sports injuries, growing geriatric population leading to bone injuries, increasing prevalence of arthritis, increasing prevalence of diabetes, and regular entry of new and innovative products in the market. However, the high cost of ankle and foot devices, excise tax on medical devices in the U.S., and lack of trained professional are some of the factors, restraining the growth of the global foot and ankle devices market.
Geographically, North America is expected dominate the global foot and ankle devices market in the coming years, due to increasing prevalence of diabetes, arthritis and foot related disorders, increasing investment by government, and increasing incidence of sports injuries. Asia-Pacific is expected to be the fastest growing region in the global foot and ankle devices market, due to presence of huge pool of patients, increasing geriatric population in the region. In addition, the Asia-Pacific foot and ankle devices market is growing, due to increasing healthcare expenditure, increasing awareness of healthcare through conferences and courses, and refining healthcare infrastructure in the emerging countries, such as India and China.
Browse Related Market Research at:
Some of the companies operating in the global foot and ankle devices market are Stryker Corporation, Extremity Medical LLC., Arthrex Inc., Smith & Nephew PLC, Wright Medical TechnologyInc., Zimmer Biomet Holdings Inc., Össur, Wright Medical Technology Inc., Acumed LLC, Integra Lifesciences Holdings Corporation, and Tornier N.V.
GLOBAL FOOT AND ANKLE DEVICES MARKET SEGMENTATION
Breakdown by Product
- Orthopedic Implant and Devices
- Fixation devices
- Internal fixation devices
- External fixation devices
- Fixation devices
- Joint implants
- Soft tissue orthopedic devices
- Bracing and Support Devices
Breakdown by Cause of Injury
- Neurological Disorders
Breakdown by Geography
- North America
- Rest of the World
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
Company Name: P&S Market Research
Contact Person: Ms Somya, Manager – Client Partner
Phone: +1-888-778-7886 (USA/Canada Toll-Free)
Address:347, 5th Ave. #1402
City: New York City
Country: United States