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Foot and Ankle Devices Market

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Foot and ankle devices are used for the treatment of injuries including diabetic foot, arthritis with the help of surgical procedures, etc.
Foot and Ankle Devices Market - Size, Outlook, and
Opportunity Analysis, 2019-2027
Foot and ankle devices are used for the treatment of injuries including diabetic foot, arthritis
with the help of surgical procedures, etc. Ankle disorders can cause damage to bone, muscle,
and soft tissues. Common disorders associated with the ankle disorder are sprain, tendonitis,
and fractures. The people with diabetes are prone to have foot problems which develop due to
prolonged periods of high blood sugar levels. Along with foot and ankle, these devices are used
in ligament repair and reconstruction procedures including arthrodesis, internal fixation, and
joint replacement.
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Global Foot and Ankle Devices Market - Drivers
Increasing prevalence of road side accidents and sport injuries is expected to drive the global
foot and ankle devices market over the forecast period. For instance, according to National
Safety Council Analysis of U.S. (NSC), in 2017, in U.S. due to exercise and exercise equipment
526,000 injuries were reported while basketball, with 500,000 injuries. Furthermore, subsequent
product launches, continuous innovation of devices by manufacturers drive the global foot and
ankle devices market growth over the forecast period. For instance, in March 2017, Integra
LifeSciences Holdings Corporation launched the Cadence Total Ankle System in the U.S., which
is used to treat ankle arthritis by replacing the ankle joint with a prosthesis, which reduces the
pain and allows the movement at the replaced joint.
Approvals received by products from regulatory bodies associated with the treatment of forefoot
conditions expected to fuel growth of the market. For instance, in January 2019, OSSIO, an
orthopedic fixation company, announced that its OSSIOfiber Bone Pin Family received 510(k)
market clearance from the U.S. Food and Drug Administration (FDA). OSSIOfiber platform will
have the broad application in spectrum of orthopedics as it is used commercially in foot and
ankle segment for the treatment of forefoot conditions. Furthermore, increase in number of
diabetic foot reconstruction, increase in number of osteoporosis, rise in elderly population, and
rise in number of outpatient procedures have fueled growth of global foot and ankle devices
market. According to NCBI, in 2018 approximately 200 million people suffer from osteoporosis
and approximately 8.9 million fractures are caused by osteoporotic fractures.
However, huge cost of foot and ankle devices, complications and risks associated with foot and
ankle procedures, inadequate reimbursement policies, and product recalls are the factors
restraining market growth. For instance, in October 2017, HeaterBaum Foot and Ankle Heating
Pad was recalled by the Ergoactives LLC, as the product was marketed without getting 510k
clearance from the U.S. FDA.
Report includes chapters which deeply display the following deliverable about industry :
• Foot and Ankle Devices Market Research Objective and Assumption
• Foot and Ankle Devices Market Purview - Report Description, Executive Summary, and
Coherent Opportunity Map (COM)
• Foot and Ankle Devices Market Dynamics, Regulations, and Trends Analysis - Market
Dynamics, Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system
Launch/Approvals, Value Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global Foot and Ankle Devices Market, By Regions
• Foot and Ankle Devices Market Competition by Manufacturers including Production, Share,
Revenue, Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
• Foot and Ankle Devices Market Manufacturers Profiles/Analysis including Company Basic
Information, Manufacturing Base and Its Competitors.
• Foot and Ankle Devices Market Manufacturing Cost Analysis including Key Raw Materials and
Key Suppliers of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market
Positioning and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• Foot and Ankle Devices Market Forecast including Production, Consumption, Import and
Export Forecast by Type, Applications and Region.
• Research Findings and Conclusion
Global Foot and Ankle Devices Market - Regional Insights
North America holds dominant position in the global foot and ankle device market. The primary
reason behind the market’s growth in North America is increase in incidence of osteoporosis,
rising demand for minimally invasive surgeries, and well established healthcare infrastructure.
Asia Pacific is expected to witness the fastest growth rate due to the presence of large patient
pool, increasing awareness, and rising healthcare expenditure in the Asian countries.
Global Foot and Ankle Devices Market - Competitive Landscape
Some of the key players operating in the global foot and ankle devices market include DePuy
Synthes, Wright Medical Technology, Inc., Advanced Orthopedic Solutions, Acumed, Bioretec,
Stryker, Integra LifeScience Corporation, Zimmer Biomet, Ossio, Smith & Nephew plc., and
Ossur.
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Global Foot and Ankle Devices Market - Market Taxonomy
On the basis of product type, the global foot and ankle devices market is segmented into:
• Bracing and support devices
• Joint implants
• Soft tissue orthopedic devices
• Orthopedic fixation devices
• Prosthetics
On the basis of cause of injury, the global foot and ankle devices market is segmented into:
• Trauma
• Diabetes
• Neurological Disorders
• Osteoporosis
• Others
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Author
Alex Huge
Alex Huge369   documents Email
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