Global Foot and Ankle Devices Market Trends, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global foot and ankle devices market in its upcoming report titled, “Global Foot and Ankle Devices Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global foot and ankle devices market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global foot and ankle devices market report has been segmented on the basis of product, cause of injury, and region.

Ankle disorder can cause damage to bone, muscles, or soft tissues and common disorder associated with the ankle disorder are sprains, tendonitis, arthritis, and fractures. Furthermore, foot problem is mostly seen in people with diabetes as it lowers the amount of blood flow in feet. Obesity and ageing are other factors leading to the risk of foot problems. Hence, foot and ankle devices are used to treat various disorders and conditions associated with foot and ankle.

Increasing number of cases of road accidents and sport injuries is expected to drive the market for global foot and ankle devices market over the forecast period. Furthermore, continuous development in the devices by manufacturing providing greater battery life, additional shock absorption and subsequent product launches of the devices is expected to drive the global foot and ankle devices market over the forecast period. For instance, in March 2017, Integra LifeSciences Holdings Corporation has launched Cadence Total Ankle System in US.  Increasing prevalence of diabetes and arthritis coupled with growing geriatric population globally is expected to support the market growth. Although, lack of trained professionals and high cost of the devices are major factors restraining the market growth.

North America market dominates the global foot and ankle devices market in terms of revenue contribution as compared to that of markets in other regions. This is attributed to the presence of well-developed healthcare infrastructure and increasing number of sport injuries in the region. Europe accounts for second-largest revenue share contribution to the global foot and ankle devices market, followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively. The market in the Europe is projected to register comparatively faster growth in terms of revenue over the next 10 years owing to the increasing awareness about the devices, improving healthcare infrastructure and growing ageing population.

Global foot and ankle devices market segmentation:

By product:

• Orthopedic Implants and Devices
• Fixation Devices
• Joint Implants
• Soft-Tissue Orthopedic Devices
• Prosthetics
• Bracing and Support Devices

 By cause of injury:

• Trauma
• Neurological Disorders
• Diabetes
• Arthritis
• Others

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa