Coherent Market Insights published a business research report on Foot and Ankle Devices Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2022–2028. Foot and Ankle Devices Market with 150+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The information is gathered based on modern floats and requests identified with the administrations and items.
Get PDF Brochure with Latest Insights @ https://www.coherentmarketinsights.com/insight/request-pdf/2702
Foot and ankle devices are medical devices used for the treatment of injuries such as diabetic foot, arthritis with the help of surgical procedures, etc. Ankle disorders can lead to damage to muscle, bone, and soft tissues.
Global Foot and Ankle Devices Market – Drivers
Growing prevalence of road side accidents and sport injuries is driving the global foot and ankle devices market growth. 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.
Increasing approvals by regulatory bodies associated with the treatment of forefoot conditions is again 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, rise in number of diabetic foot reconstruction, growing number of osteoporosis, increasing elderly population, and growing number of outpatient procedures have propelled 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.
Get Sample Report with Latest Covid19 Impact Analysis @ https://www.coherentmarketinsights.com/insight/request-sample/2702
However, high cost of foot and ankle devices, complications and risks associated with foot and ankle treatment, inadequate reimbursement policies, and product recalls are key factors hindering 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.
Global Foot and Ankle Devices Market – Regional Insights
North America holds leading position in the global foot and ankle device market. The key reason behind the market’s growth in North America is rise in incidence of osteoporosis, growing demand for minimally invasive surgeries, and presence of well-established healthcare infrastructure.
Asia Pacific is projected to witness the fastest growth rate owing to the presence of large patient pool, growing awareness, and increasing 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.
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
On the basis of cause of injury, the global foot and ankle devices market is segmented into:
- Neurological Disorders
On the basis of region, the global foot and ankle device market is segmented into:
- North America
- Latin America
- Asia Pacific
- Middle East
Buy This Report With USD 2000 Flat OFF – https://www.coherentmarketinsights.com/promo/buynow/2702
Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Foot and Ankle Devices Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: Foot and Ankle Devices Industry Impact
Chapter 2 Global Foot and Ankle Devices Competition by Types, Applications, and Top Regions and Countries
2.1 Global Foot and Ankle Devices (Volume and Value) by Type
2.3 Global Foot and Ankle Devices (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Foot and Ankle Devices Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Foot and Ankle Devices Market Analysis
Chapter 6 East Asia Foot and Ankle Devices Market Analysis
Chapter 7 Europe Foot and Ankle Devices Market Analysis
Chapter 8 South Asia Foot and Ankle Devices Market Analysis
Chapter 9 Southeast Asia Foot and Ankle Devices Market Analysis
Chapter 10 Middle East Foot and Ankle Devices Market Analysis
Chapter 11 Africa Foot and Ankle Devices Market Analysis
Chapter 12 Oceania Foot and Ankle Devices Market Analysis
Chapter 13 South America Foot and Ankle Devices Market Analysis
Chapter 14 Company Profiles and Key Figures in Foot and Ankle Devices Business
Chapter 15 Global Foot and Ankle Devices Market Forecast (2021-2027)
Chapter 16 Conclusions
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027