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Foot And Ankle Devices Market size is projected to be bolstered from 2023 to 2032 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 expansion for ankle devices. As per reliable resources, foot ulcer is an initial event in more than 85% of major amputations performed in diabetic patients.
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.
Novel tech innovations and new product development trends are poised to open lucrative opportunities for foot and ankle devices market vendors. The product has been developed to offer integrated product configuration and delivering offering across the ASC settings.
In terms of devices, soft-tissue orthopedic devices segment is slated to account for a considerable market by 2032. A notable surge in diabetes and the adoption of advanced orthopedic devices are expected to drive the industry expansion . Industry players are likely to boost their investments following the progress for musculoskeletal reinforcement devices and artificial tendons and ligaments.
Based on application, global foot and ankle devices market from hammertoe will grow on account of rising forefoot deformities. Industry participants are anticipating 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.
The ambulatory surgical centers are projected to foresee significant development for foot and ankle devices in the coming years, driven by its ample benefits including improved patient care, lower costs, less waiting lines, and reduced risk of infections.
With respect to region, North America foot and ankle devices market will depict strong growth 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 in the region.
The competitive landscape of global foot and ankle devices market includes leading companies such as 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.