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Foot and Ankle Devices Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2022– 2028

  • Report ID: GMI3445

Foot And Ankle Devices Market Size will expand significantly from 2022 to 2028 owing to the usage of bioresorbable implants and technological advancements. A notable surge in road accidents, sports injuries and cases of diabetes will boost the demand for ankle devices.
 

Foot and ankle devices are used in the treatment of injuries caused by diseases or disorders, including diabetic foot, rheumatoid arthritis, bunions, osteoarthritis and other conditions, such as neurological disorders. The easy availability of advanced medical devices and surge in sports activities across North America, Asia Pacific, and Europe are expected to foster the demand for foot and ankle devices.
 

In terms of devices, soft-tissue orthopedic devices could account for a considerable share of global foot and ankle devices market over 2022-2028. A notable surge in diabetes and the adoption of advanced orthopedic devices are expected to drive the industry growth. Industry players are likely to boost their investments following the demand for musculoskeletal reinforcement devices and artificial tendons and ligaments.
 

Based on application, global foot and ankle devices market share from hammertoe will grow on account of rising forefoot deformities. Industry participants expect a surge in the number of hammertoe surgeries for the treatment of orthopedic forefoot deformities. Besides, surgical procedures are likely to be noticeable for hammertoe correction. Given the prevalence of hammertoe and its accompanying bunion, industry players are likely to expand their footprint across untapped areas.
 

With respect to region, North America foot and ankle devices market outlook will be strong owing to the presence of leading companies and involvement of children and youth in sports. According to the National SAFE KIDS Campaign and the America Academy of Pediatrics, over 3.5 million children aged 14 and younger get hurt playing or participating in sports and recreational activities in the U.S. A surge in physical activity among both adults and children has furthered the demand for foot and ankle devices.
 

Global foot and ankle devices market share will be propelled by the presence of leading companies, including Extremity Medical LLC., Zimmer Biomet Holdings, Inc., Stryker Corporation, Integra LifeSciences Holdings Corporation, Smith & Nephew plc, Arthrex, Inc., Tornier N.V., Acumed LLC., Wright Medical Technology Inc. and Integra LifeSciences Holdings Corporation, among others. The competitive scenario suggests these companies could invest in organic and inorganic strategies.
 

In September 2020, Stryker Corporation announced the rollout of an ankle fusion system AxSOS 3 for the fusion of tibio-talar joint. It could provide surgeons with a user-friendly, dependable and intuitive technology solution.
 

Foot and ankle devices market trends during the COVID-19 outbreak

With hospitals shifting their focus towards preparing to overcome the COVID-19 pandemic, there had been a considerable dip in the demand for foot and ankle devices. Given the shortage or non-availability of hospital staff and operation facilities, the number of orthopedic and trauma surgeries plunged. Meanwhile, bullish government policies and a surge in healthcare budgets have encouraged leading companies to invest in foot and ankle devices.
 

Major companies are expected to expand their penetration for higher efficacy and better affordability for the treatment of a host of foot and ankle deformities and disorders. the emergence of advanced products and various treatment modalities will foster the global outlook.
 

The foot and ankle devices market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2028 for the following segments:

Market, by Devices

  • External Fixation Devices
    • Ring Ankle Fixators
    • Unilateral Fixators
    • Hybrid Fixators
  • Internal Fixation Devices
    • Screws
    • Plates
    • Pins
    • Fusion nails
  • Prostheses 
    • Multiaxial Prostheses
    • Solid Ankle Cushion Heel Foot
    • Single-Axial Prostheses
    • Dynamic Response Prostheses
    • Microprocessor-Controlled Prostheses
  • Joint Implants
    • Ankle Replacement Devices
    • Subtalar Joint Reconstruction Devices
    • Phalangeal Implants
  • Soft-Tissue Orthopedic Devices
    • Musculoskeletal Reinforcement Devices
    • Artificial Tendons & Ligaments
  • Bracing and Support Devices
    • Soft Bracing
    • Hinged Braces

Market, by Application

  • Trauma
  • Hammertoe
  • Neurological Disorders
  • Osteoarthritis
  • Others

Market, by End-use

  • Surgical Centers
  • Hospitals
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • Saudi Arabia
    • South Africa

 

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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