Foot And Ankle Devices Market
Added: (Tue Jul 09 2019)
Pressbox (Press Release) -
Foot and ankle devices market: Demand for foot and ankle prosthetics continuously growing
Foot and ankle devices Market, Size, Share and Growth.
The world foot and ankle devices market has been valued USD 5.32 billion in 2018 and is estimated to achieve USD 8.07 billion by 2023, at a CAGR of 7.5% throughout the forecast period from 2018 to 2023.
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Foot and ankle devices Market Overview:
Foot and ankle devices are employed to treat several feet and ankle injuries caused by diabetic foot, arthritis, bunions, hammertoes, and other orthopedic disorders. These devices are also used to replace the lost foot because of the trauma, amputation, congenital deformity, or any other accident.
Foot and ankle devices Market drivers and restraints:
The increasing cases of diabetes wherever surgeries are needed are resulting in an amputation of foot-ankle with massive sores are propelling the marketplace for these devices. The call for foot and ankle prosthetics is continuously rising because of the launch of many enhanced devices like hydraulic and pneumatic feet and materials like carbon fiber. Moreover, the launch of microprocessor controlled prosthetic feet has elevated the comfort level of patients and are hence gaining popularity.
Foot and ankle devices Market segmented as:
By Product:
• Bracing and Support
• Joint Implants
• Soft Tissue Orthopedic Devices
• Orthopedic Fixation
• Prosthetics
By Application:
• Hammertoe
• Trauma
• Osteoarthritis
• Rheumatoid Arthritis
• Neurological Disorders
• Bunions
• Osteoporosis
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Geographical analysis:
The foot and ankle devices market is geographically segregated into four major regions: North America, Europe, Asia-Pacific and Rest of the World. North American countries like the U.S. and Canada are the biggest markets for the foot and ankle devices. This is due to the higher financial standing of patients, the greater acceptance rate for enhanced technologies, and a considerably huge amount of sports injuries.
Important market players:
Some of the key players in the foot and ankle devices market include Wright Medical Technology, Inc., Arthrex, Inc., OrthoHelix Surgical Designs, Inc., Integra Life Sciences Corporation, Smith & Nephew Plc, Stryker Corporation, Acumed, LLC, Zimmer Holdings Inc., De Puy Synthes, Biomet, Inc., BioPro, Inc., Orthofix Holdings Inc., and Mondeal Medical Systems GmbH.
The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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