Foot and Ankle Devices Market Value, Revenue, Outlook and Forecast by 2019-2026
Foot and Ankle Devices Market Outlook
2019-2026:
Global Foot
and Ankle Devices Market Major Key players include Zimmer Biomet Holdings,
Inc., Stryker Corporation, Smith & Nephew plc, Integra LifeSciences
Holdings Corporation, Wright Medical Group N.V., Johnson & Johnson,
Extremity Medical, LLC, Arthrex, Inc., Acumed, LLC, and ssur.
Foot and ankle devices are used to treat
several foot and ankle injuries caused by diabetic foot, arthritis, bunions,
hammertoes, and other orthopedic disorders. These devices are also used to
replace the lost foot due to trauma, amputation, congenital deformity, or any
other accident.
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World foot and ankle devices market is driven
by several factors such as increase in the ageing population and the incidence
rates of orthopedic disorders. As per the estimates of National Health
Interview Survey (NHIS) 22.7% of the U.S. population is diagnosed with
arthritis every year. Besides, the prevalence rate of arthritis in the U.S. is
23.9% in women and 18.6% in men. This leads to an increase in demand for foot
and ankle treatment devices. In addition, increase in prevalence of diabetes
and increase in foot and leg injuries during sports and accidents will further
drive the market growth. In addition, technological advancements in this field
will further propel the market growth. On the other hand, high cost of devices
and lack of trained professionals will restrict the growth of the market.
The report segments the world foot and ankle
devices market on the basis of product, cause of injury, and geography. Based
on product, the market is divided into orthopedic implants & devices,
bracing & supporting devices, and prostheses. On the basis of cause of
injury, the market is classified into diabetes, trauma, neurological disorders,
and others (rheumatoid arthritis, osteoporosis, hammertoe, osteoarthritis, and
bunions). Based on geography, the market is categorized into North America,
Europe, Asia-Pacific, and LAMEA regions.
The world foot and ankle devices market has
witnessed acquisitions and mergers in the recent years. For example: in May
2016, Zimmer Biomet completed acquisition of Cayenne Medical for its tissue
repair solution and reconstruction solutions product portfolio. It enhanced
companys reconstruction, trauma, and extremities portfolio.
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KEY MARKET BENEFITS:
- The study provides an in-depth analysis of the world
foot and ankle devices market with current trends and future estimations
to elucidate the imminent investment pockets.
- The report provides a quantitative analysis from 2014
to 2022, which is expected to enable the stakeholders to capitalize on
prevailing market opportunities.
- Comprehensive analysis of all geographic regions is
provided that helps determine the prevailing opportunities in these
geographies.
- Key market players within the world foot and ankle
devices market are profiled in the report and their strategies are
analyzed thoroughly, which predicts competitive outlook of the global
market.
- Extensive analysis of the market is conducted by
closely following key product positioning and monitoring the top
contenders within the market framework.
KEY MARKET SEGMENTS:
- By Product
o Orthopedic Implants and Devices
o Prostheses
o Bracing and Supporting Devices
- By Cause of Injury
- Trauma
- Diabetes
- Neurological Disorders
- Others (Rheumatoid Arthritis, Osteoporosis, Hammertoe,
Osteoarthritis, and Bunions)
- By Geography
- North America
·
U.S.
·
Canada
·
Mexico
- Europe
·
Germany
·
France
·
U.K.
·
Rest of Europe
- Asia-Pacific
·
Japan
·
China
·
India
·
Rest of Asia-Pacific
- LAMEA
·
Brazil
·
South Africa
·
Egypt
·
Rest of LAMEA
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