Global Foot and ankle devices Market, By Product (Bracing & Support, Joint Implants, Soft Tissue Orthopedic Devices, Orthopedic Fixation, Prosthetics), Application (Urolithiasis, Upper Urinary Tract Infection, Urinary Stricture, Kidney Cancer), End User (Hospitals, Ambulatory Surgical Centers, Others)and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2030
Report Code : BII 965 Jan-2022 Healthcare Format : PDF Pages : 217
Global Foot and ankle devices Market Overview
Foot and ankle devices are used to treat injuries and problems in the foot and ankle region, either surgically or non-surgically. The rise in the global elderly population, which is more prone to chronic diseases, is one of the primary factors driving the growth of the foot and ankle devices market. Also, the introduction of bioresorbable and 3D-printed devices would provide market participants with lucrative opportunities over the forecast period. In addition, prominent product manufacturers' branding initiatives are expected to pose a challenge to the foot and ankle devices market throughout the forecast period.
Furthermore, technical improvements in this industry will fuel the market expansion. However, the high cost of devices and a shortage of trained professionals will restrict the market's expansion. Besides, rising diabetes prevalence and an increase in foot and leg injuries from sports and accidents will drive the market forward. Addition, the number of surgeries is expected to be rising to the musculoskeletal disorders that are associated with sports, occupational injuries, and age-related dysfunction.Besides, lack of reimbursement for orthopedic procedures is the major factor hindering the market growth.
Market Size
According to Business Intelligence Insights “ The global Foot and ankle devices Market" is expected to grow from USD 4.10 billion in 2021 to USD 6.689 billion by 2028, at a CAGR of 8.50% during the forecast period 2022-2030
Covid -19 Impact Analysis
The unanticipated outbreak of Covid 19 has had a positive influence on market growth.The demand for foot and ankle devices had dropped significantly as hospitals focused on preparing for the COVID-19 epidemic. COVID-19 is a worldwide health crisis that has affected practically every business, and its long-term consequences are expected to have an influence on industry growth during the forecast period. Our ongoing research is increasing our research framework to include fundamental COVID-19 issues and possible solutions. The number of orthopedic and trauma surgeries has reduced due to a shortage or non-availability of hospital staff and operating rooms. Meanwhile, a rise in healthcare resources and optimistic government policies have pushed prominent corporations to invest in foot and ankle devices
For the treatment of a variety of foot and ankle deformities and disorders, major firms are expected to expand their penetration to improve efficacy and affordability. The introduction of better products and treatment options will improve the global picture.
Market Dynamics
- Drivers
- technical improvements in this industry
- Growing number of fitness centers and clubs
- Restraints
- ack of reimbursement for orthopedic procedures
Segmentation Insights
By Product:
Orthopedic implantscategory dominated the market with more than 46.8% of the market share
In 2021, the market for foot and ankle devices was dominated by Orthopedic implants vitamin as a product The increased number of knee and hip replacement surgery is primarily responsible for the increase in orthopedic surgeries. Surgical procedures of limbs due to damages and injuries caused by accidents or other diseases are also performed. The availability of the advanced medical devices and growing number of ankle and foot fractures are expected to boost the segmental growth.
By Application:
Hammertoecategory dominated the market with more than 36.3% of the market share
The mode of application in which foot and ankle devices can be taken are Urolithiasis, Upper Urinary Tract Infection, Urinary Stricture, Kidney Cancer. In the worldwide foot and ankle device industry,global foot and ankle devices market share from hammertoe will grow on account of rising forefoot deformities. For hammertoe treatment, surgical procedures are likely to be prominent. Given the prevalence of hammertoe and the deformity that goes with it, industry participants are expected to expand their footprint into previously untouched regions. The amount of hammertoe procedures to correct orthopedic ankle deformities is expected to rise, according to industry experts.
Global Foot and Ankle devices Market, by Product
- Orthopaedic Implants and Devices
- Bracing and Support Devices
- Prostheses
Global Foot and ankle devices Market, by Application
- Trauma & Hair line Fractures
- Rheumatoid Arthritis & Osteoarthritis
- Diabetic Foot Diseases
- Ligament Injuries
- Neurological Disorders
- Hammertoe
- Others
Global Foot and ankle devices Market, by End User
- Hospitals
- Ambulatory Surgery Centres
- Orthopaedic Clinics
- Rehabilitation Centres
- Endoscopes
- Foot and ankle device Visualization Systems
By Application
- Gastrointestinal (GI) endoscopy
- Laparoscopy
- Obstetrics/gynaecology endoscopy
- Arthroscopy
- Urology foot and ankle device(cystoscopy)
- Bronchoscopy
- Mediastinoscopy
- Otoscopy
- Laryngoscopy
- Other applications
By End-use
- Hospitals
- Ambulatory surgery centres
- Another end uses
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa (MEA)
Key Players
- Deputy Synthes Companies (US)
- Stryker Corporation (US)
- Zimmer Biomet Holdings, Inc (US)
- Smith & Nephew plc (UK)
- Arthrex Inc (US)
- Integra Life Sciences Holdings Corporation (US)
- DJO Finance, LLC (US)
- CONMED Corporation (US)
- Assur HF (Iceland)
- Orthotic Medical Inc. (US)
- Midrates AG (Switzerland)
- Acumen LLC (US)
- Extremity Medical (US)
- asap Implant ate AG (Germany)
- Otto bock SE & Co. Kagan (Germany)
- Ortho Solutions UK Ltd. (UK)
- Vile in Tennessee, Inc. (US)
- Advanced Orthopedic Solutions (US)
- Filature LLC (US)
- Groupe FH Ortho (France) Olympus Corporation
- Ethicon Endo-surgery LLC
- Others
Regional Insights
World map title will be here...
North America dominated the market with more than 47% of the market share
In both developed and emerging countries, the North America foot and ankle device market grew rapidly. This is due to the development of new foot and ankle devices such as rehabilitation braces, splints, knee, and ankle braces for injured and damaged areas, as well as minimally invasive operations.Various trauma centers established by the government are specialized to handle emergencies. Similarly, in coming years, the growth of the foot and ankle device market is foretold to show a significant increase in use of dietary products, such as, Asia Pacific and Europe.
Table
Report Attributes |
Details |
|---|---|
| Market Size Value in 2021 | USD 4.10 billion |
| Market Size Value in 2028 | USD 6.689 billion |
| Growth Rate | + 8.50% |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2018-2020 |
| Forecast Units | (USD Billion) |
| Countries Covered | North America: U.S and Canada Europe: Germany, France, Italy, U.K, Spain, Russia, Rest of Europe APAC: China, Japan, South Korea, India, Australia, South East Asia, Rest of Asia Pacific Latin America: Brazil, Mexico Middle East And Africa: Saudi Arab, South Africa, UAE |
| Segments Covered | By Product, By Application, By End-use, By Region |
| Competitive landscape | Leading companies, Competitive strategies and Consumer engagement scope |
| Customization is available | If our report does not contain the information you require, you can contact our experts to have segments created for you. Please contact us at sales@businessintelligence-insights.com if you have any questions |