Unexpected growth seen in Foot And Ankle Devices Marketas it may reach $4.0 Billion up to 2024

The Foot And Ankle Devices Market accounted to USD 4.0 billion in 2016 growing at a CAGR of 7.1% during the forecast period of 2017 to 2024.

The foot and ankle devices are the devices that are used for treating injuries caused by various disorders such as osteoarthritis, osteoporosis, diabetic foot, trauma among others

Global Foot and Ankle Devices Market,By Product (Orthopedic Implants (External Fixation, Internal Fixation), Prostheses (Single Axial Prostheses, Multi Axial Prostheses, Solid Ankle Cushion Heel (SACH) Foot and Microprocessor controlled Prostheses), Bracing and Supporting Devices), By Cause of Injury (Trauma, Diabetes, Rheumatoid Arthritis, Osteoporosis, Osteoarthritis, Bunions, Neurological Disorders, Others), By End User (Hospitals, Ambulatory Surgical Centers, Others), By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024

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Major Market Drivers and Restraints:

  • Increasing sport injuries and road accidents
  • Rising geriatric population
  • Increasing prevalence of arthritis
  • Increasing prevalence of diabetes

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Market Segmentation:

By product type the foot and ankle devices market is segmented into orthopedic implants, prostheses, bracing and supporting devices. Orthopedic Implants is further segmented into external fixation and internal fixation. Prostheses market is further segmented into single axial prostheses, multi axial prostheses, solid ankle cushion heel (SACH) foot and microprocessor controlled prostheses.

On the basis of injury the market is segmented into trauma, diabetes, rheumatoid arthritis, osteoporosis, osteoarthritis, bunions, neurological disorders, others.

On the basis of End User the market is segmented into hospitals, ambulatory surgical centers, others.

Based on geography, the market is segmented into five geographical regions:

  • North America
  • South America
  • Europe
  • Asia-Pacific(APAC)
  • Middle East and Africa(MEA)

Global Foot and Ankle Devices Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.

Some of the major players operating in this market are

  • Stryker Corporation
  • Arthrex, Inc
  • Zimmer Biomet Holdings, Inc.,
  • Smith & Nephew plc
  • Wright Medical Technology, Inc.
  • Integra LifeSciences Holdings Corporation
  • Tornier N.V
  • Össur, Acumed, LLC, and Extremity Medical, LLC
  • De Puy Synthes, BioPro, Inc
  • Orthofix Holdings Inc
  • Mondeal Medical Systems GmbH

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