ReportCrux Market Research has published a Latest report titled Foot and Ankle Devices Market by Product (Implants, Plates, Screw, Wires, Internal Fixators, Braces, Prosthesis (SACH, Single/Multi-Axial)), Application (Rheumatoid Arthritis, Osteoporosis, Hammertoe), End-User (Hospital, ASCs) and by Region: Global Industry Trends, Dynamics, Competitive Insights and Forecast Analysis, 2020 – 2027″.
Foot and Ankle Devices Market Size
The global Foot and Ankle Devices Market was valued at USD 3.84 Billion in 2019 and is expected to reach around USD 6.37 Billion by 2027, at a CAGR of about 6.6% between 2020 and 2027.
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Market Overview
Foot and ankle devices are useful to treat and heal disorders as well as the injuries in the foot and ankle region. These devices can be used with or without surgical procedures. Disorders or diseases causing injury in foot and ankle region include such as rheumatoid arthritis, osteoporosis, osteoarthritis, hammertoes, bunions, diabetic foot, and various other conditions like neurological disorders and trauma.
The foot and ankle device market includes devices that assist in ligament reconstruction and repair procedures like joint replacement, arthrodesis and internal fixation.
Foot and ankle devices market growth is fuelled by increasing cases of injuries and growing prevalence of diabetes across the globe. Additionally, market growth is supported by various factors such as increasing number of road accidents, sports injuries, growing number of aging population and high prevalence of diabetes in elderly population.
Microprocessor controlled prosthetic feet have gained huge popularity in the market as they enhance comfort level of patients. The foot and ankle prosthetics’ demand is expanding steadily due to the introduction of various advanced devices like pneumatic and hydraulic feet as well as carbon fiber materials.
COVID-19 Impact: the COVID-19 pandemic has impacted every aspect of life and business. Foot and ankle devices market observed decline during the pandemic. Hospitals were focused on tackling COVID-19 crisis and thus access to customers to sell and implement foot and ankle devices decreased and has impacted overall sales of foot and ankle devices.
Overall orthopedics field was impacted due to lack of doctors during COVID-19 crisis. Market is expected to recover by the fourth quarter of 2020.
Segmentation Analysis
The global Foot and Ankle Devices market is segmented based on product, application, end user and region.
By Product
Based on Product, the market is segmented into Orthopedic Implants and Devices, Bracing and Support Devices and Prostheses. Orthopedic implants and devices products include joint implants, fixation devices, and soft tissue orthopedic devices. In 2019, the orthopedic implants and devices held largest revenue share of about 52% of overall foot and ankle devices market.
Major factors attributing to the large market share of orthopedic implants and devices include increasing prevalence of diabetes and new product launches with lower risk of surgical site infection and better quality along with swift adoption of new products in emerging countries.
By Application
Based on Application, the market is segmented into Trauma & Hair line Fractures, Rheumatoid Arthritis & Osteoarthritis, Diabetic Foot Diseases, Ligament Injuries, Neurological Disorders, Hammertoe and Others. Trauma & Hair line Fractures was the largest application segment in 2019.
Rising numbers of road accidents and sport injuries, fracture related foot and ankle reconstruction procedures and rapidly increasing elderly population are major factors attributing to the large market share of this segment. Rheumatoid Arthritis & Osteoarthritis application segment will register fastest growth in the coming years.
By End User
By End User, market is categorized into Hospitals, Ambulatory Surgery Centers, Orthopedic Clinics and Rehabilitation Centers. Hospitals segment contributed for the maximum share in the Foot and Ankle Devices market in 2019. This is attributed to availability of large patient population, skilled orthopedic doctors, availability of advanced infrastructure, increasing procedural volume in hospital setting etc.
Foot and Ankle Devices Companies:
Major players in Foot and Ankle Devices market
- DePuy Synthes Companies (US)
- Stryker Corporation (US)
- Zimmer Biomet Holdings, Inc (US)
- Smith & Nephew plc (UK)
- Arthrex Inc (US)
- Integra LifeSciences Holdings Corporation (US)
- DJO Finance, LLC (US)
- CONMED Corporation (US)
- �?ssur HF (Iceland)
- Orthofix Medical Inc. (US)
- Medartis AG (Switzerland)
- Acumed LLC (US)
- Extremity Medical (US)
- aap Implantate AG (Germany)
- Ottobock SE & Co. KGaA (Germany)
- Ortho Solutions UK Ltd. (UK)
- Vilex in Tennessee, Inc. (US)
- Advanced Orthopaedic Solutions (US)
- Fillauer LLC (US)
- Groupe FH Ortho (France)
Regional Analysis
At regional level, market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
North America was the largest regional market in 2019 with revenue share of about 38%.
This is due to increasing prevalence of diabetes, obesity and orthopedic disorders, strong presence of major manufacturers in this region, availability of advanced healthcare infrastructure and technological advancements. Asia Pacific region is estimated to grow at the fastest CAGR due to increasing elderly population, increasing healthcare spending and growing health awareness.
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Foot and Ankle Devices Market Segmentation
By Product
- Orthopaedic Implants and Devices
- Bracing and Support
- Devices and Prostheses
By Application
- Trauma & Hair line Fractures
- Rheumatoid Arthritis & Osteoarthritis
- Diabetic Foot Diseases
- Ligament Injuries
- Neurological Disorders
- Hammertoe
- Others
By End User
- Hospitals
- Ambulatory Surgery Centers
- Orthopedic Clinics
- Rehabilitation Centers.
By Region
- North America
o U.S.
o Canada
o Rest of North America
- Europe
o UK
o Germany
o France
o Italy
o Spain
o Russia
o Rest of Europe
- Asia Pacific
o China
o Japan
o India
o Australia
o Southeast Asia
o Rest of Asia Pacific
- Latin America
o Brazil
o Mexico
o Rest of Latin America
- Middle East and Africa
o Saudi Arabia
o South Africa
o UAE
o Rest of Middle East and Africa
Table of Content:
- Preface
- Research Methodology2.1. Research Methodology2.2. Models2.3. Research limitations
- Executive Summary
- Post COVID-19 Industry Dynamics
- COVID-19 Impact Analysis on Industry5.1. Restrictions due to COVID-195.2. Demand-side Constraints5.3. Supply-side Constraints
- Market Price & Cost Analysis6.1. Price Trend Analysis of the Market
- Industrial Chain, Sourcing Strategy and Downstream Buyers7.1. Upstream Raw Materials Sourcing7.2. Industrial Chain Analysis7.3. Downstream Buyers
- Market Dynamics and Industry Analysis8.1. Global Foot and Ankle Devices Market: Introduction8.2. Market Drivers8.3. Market Restraint8.4. Market Opportunity8.5. Porter’s Five Forces Analysis
- Trending Insights on Current Market Scenario9.1. Current Market Trends9.2. SWOT Analysis9.3. PESTEL Analysis
- Market Growth Attractiveness Analysis
- Competitive Share Analysis11.1. Company Share Analysis11.2. Strategic Developments11.3. Supplier Benchmarking
- Global Foot and Ankle Devices Market: Product Segment Analysis
- Global Foot and Ankle Devices Market: Application Segment Analysis
- Global Foot and Ankle Devices Market: End User Segment Analysis
- Global Foot and Ankle Devices Market: Regional Analysis15.1. Regional Overview15.2. North America15.2.1. U.S.15.2.2. Canada15.2.3. Rest of North America15.3. Europe15.3.1. Germany15.3.2. U.K.15.3.3. France15.3.4. Italy15.3.5. Spain15.3.6. Russia15.3.7. Rest of Europe15.4. Asia Pacific15.4.1. China15.4.2. Japan15.4.3. India15.4.4. Australia15.4.5. Southeast Asia15.4.6. Rest of Asia Pacific15.5. Latin America15.5.1. Brazil15.5.2. Mexico15.5.3. Rest of Latin America15.6. Middle East and Africa15.6.1. Saudi Arabia15.6.2. South Africa15.6.3. UAE15.6.4. Rest of Middle East and Africa
- Company Profiles
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