The report “Foot and
Ankle Devices Market by Product (Orthopedic Implants (External Fixation,
Internal Fixation), Prostheses, Bracing), by Cause of Injury (Diabetes,
Rheumatoid Arthritis, Osteoporosis, Osteoarthritis, Trauma, Bunions) - Trends
& Global Forecasts to 2020”, analyzes and studies the major market
drivers, restraint, challenges, and opportunities.
Browse 127 tables and 40 figures spread through 194 Pages and in-depth TOC on "Foot and Ankle Devices Market"
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This report studies the global foot and ankle devices market for the
forecast period of 2015 to 2020. This market is expected to reach USD 5.41
Billion by 2020 from USD 3.82 Billion in 2015 at a CAGR of 7.2% during the
The global foot and ankle devices market is segmented on the basis of
products, applications, and regions.
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Based on products, the foot and ankle devices market is categorized into orthopedic implants and devices, prostheses, and bracing and support devices. In 2015, the orthopedic implants and devices segment is estimated to account for the major share of the foot and ankle devices market.
Based on the cause of injury, the market is segmented into trauma, diabetes, neurological disorders, and others (osteoporosis, rheumatoid arthritis, osteoarthritis, hammertoe, and bunions). In 2015, the others segment is estimated to account for the major share of the foot and ankle devices market.
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On the basis of regions, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World (RoW), which comprises Latin America, Africa, and the Middle East. In 2015, North America accounted for the largest share of the foot and ankle devices market, followed by Europe, Asia-Pacific, and the RoW. However, the Asia-Pacific market is slated to grow at the highest CAGR during the forecast period and serves as a revenue pocket for companies offering foot and ankle devices.
Growth in the number of sports injuries, expected global
rise in the prevalence of diabetes, rising prevalence of arthritis in Australia
and the U.S., regular entry of new products in the market, and rising geriatric
population resulting in the growing incidence of bone injuries are the major
factors driving this market. On the other hand, the high cost of some foot and
ankle devices and excise tax on medical devices in the U.S. and are expected to
restrain the growth of the market. In addition to this, a lack of trained
professionals is a major challenge for the global foot and ankle devices
market. However, the introduction of biologics to treat foot and ankle
disorders, coupled with expansion & penetration in Brazil, Russia, India,
China, and South Africa, are posing lucrative opportunities for the foot and
ankle devices market.
Some major players in the global foot and ankle devices
market include Stryker Corporation (U.S.), Arthrex, Inc. (U.S.), Zimmer Biomet
Holdings, Inc. (U.S.), Smith & Nephew plc (U.K.), Wright Medical
Technology, Inc. (U.S.), Integra LifeSciences Holdings Corporation (U.S.),
Tornier N.V. (Netherlands), Össur (Iceland), Acumed, LLC (U.S.), and Extremity
Medical, LLC (U.S.).
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