According to the report “Global Foot and Ankle Devices Market,” published by Market Data Forecast, the global market is projected to reach USD 6.46 Billion by 2021, at a CAGR of 7.5% from 2016 to 2021.
Foot and ankle devices are used for the treatment of injuries caused by orthopedic disorders, such as diabetic foot, bunions, arthritis, and hammertoes with the help of surgical procedures. These devices also replace the foot lost/ damaged due to amputation, trauma, or congenital conditions. Injuries in the foot and ankle region are usually caused by accidents and fall. On the other hand, arthritis, bunions, hammer-toes, and diabetic foot are some of the disorders which may call for surgical procedures with subsequent use of foot and ankle devices.
Get a comprehensive overview of the Global Foot And Ankle Devices Market: http://www.marketdataforecast.com/market-reports/global-foot-and-ankle-devices-market-1637/
Global Foot And Ankle Devices Market: Drivers & Restraints
The market for Foot and Ankle Devices is mainly driven by the increasing cases of bone injuries amongst the aged people with vascular disease and diabetes that leads to the deterioration of foot-ankle area with infections, and rising sports injuries and road accidents. Also, technological advancements in this field will further propel the market growth. But, the market growth is restrained due to high cost of some of foot and ankle devices and incurred excise taxes on medical devices.
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Global Foot And Ankle Devices Market: Segmentation
1)By Product Type
- Orthopedic Implants and Devices
- Bracing and Supporting Devices
- Y-o-Y Growth Analysis, By Product
- Market Attractiveness Analysis, By Product
- Market Share Analysis, By Product
2)By Cause of injury
- Neurological Disorders
- Rheumatoid arthritis
- Y-o-Y Growth Analysis, By Cause of injury
- Market Attractiveness Analysis, By Cause of injury
- Market Share Analysis, By Cause of injury
From simple data collation through secondary and primary research to ad-hoc research requests relating to specific information, we provide our services via customization. Get customization at http://www.marketdataforecast.com/market-reports/global-foot-and-ankle-devices-market-1637/customize-report
Global Foot And Ankle Devices Market: Overview
Orthopedic Implants and Devices contribute the largest share in the market. Prosthetic devices are expected to witness a lucrative growth during the forecast period due to the technological advancements and the introduction of more efficient devices. Foot-ankle extremities are a key revenue contributor to the global foot and ankle devices market. The foot and ankle device market includes devices that help in ligament repair and reconstruction procedures such as arthrodesis, joint replacement and internal fixation.
Global Foot And Ankle Devices Market: Region-wise Outlook
Geographically, Global market for Foot and Ankle Devices is segmented into North America, Asia Pacific, Latin America, Europe, and Middle-East and Africa. North America is the biggest market in terms of market share across the globe, followed by Europe. The market in North America is highly driven due to higher acceptance rate, patient affordability and large number of sports injuries. The Foot and Ankle Devices market in the Asia-Pacific region is projected to grow at the highest CAGR, which is greatly due to increasing aging population and rising sports injuries.
Key Questions Answered
- What is the current and future Foot And Ankle Devices Market outlook worldwide? What trends are affecting the Global market?
- What is the competitive landscape and market share of major players in the Foot And Ankle Devices space globally?
- What are the key, high growth markets that Foot And Ankle Devices manufacturers should expand into? Which market segments are growing the fastest?
- What are the analysis of the macro and micro factors that affect the Global Foot and Ankle Devices Market on both global and regional scales.
- What are the unmet needs with the Foot And Ankle Devices currently on the market? How will emerging technologies fulfil these unmet needs?
- What is physician perception and market outlook of Foot And Ankle Devices?
- What are the challenges and barriers that have hindered widespread adoption of Foot And Ankle Devices?
- What are the key sustainability strategies adopted by market players ?
Global Foot And Ankle Devices Market: Key Players
Stryker Corporation, Arthrex, Inc., Zimmer Biomet Holdings, Inc. , Smith & Nephew plc , Wright Medical Technology, Inc. , Integra LifeSciences Holdings Corporation , Tornier N.V., Össur, Acumed and Extremity Medical, LLC, are the major players of Global Foot and Ankle Devices market.
Reasons to buy Global Foot And Ankle Devices Market Report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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