Growth at CAGR of 8% in the Foot & Ankle Devices Market during the forecast period| Top Vendors - ACUMED LLC, ARTHREX INC., ORTHOFIX INTERNATIONAL, OSSUR HF, SMITH & NEPHEW PLC., STRYKER CORPORATION, amongst others

Market Analysis:

US has the Highest Market Share
In North America, the US is dominating the market due to the high rate of injuries and huge geriatric population in the country, which are the major factors for the highest market share of this region. Asia-Pacific is expected to record substantial growth during the forecast period.

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According to National Trauma Data Bank, in the United States, around 281,000 foot and ankle injuries were reported in a study period of 2007-2011. The rate of the injuries is increasing annually and is leading to a high incidence of foot and ankle injuries. Foot and ankle devices are used in the treatment of injuries, which are caused by diseases or disorders, such as osteoporosis, rheumatoid arthritis, osteoarthritis, diabetic foot, bunions, hammertoes, and several other diseases, like trauma and neurological disorders. The increasing rate of sports-related injuries, increasing incidence of diabetes & foot related disorders and technological developments acts as some major factor for increased usage of foot and ankle related devices. Still factors like the strict regulatory policies, huge cost and reimbursement of devices and lack of skilled personnel are hindering the growth of the market.

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Market Segments:
Foot & Ankle Devices Market is segmented by:
1. Product: Bracing and support, Joint Implants, Orthopedic fixation, Prosthetics, Others
2. Application: Hammertoe, Trauma, Osteoarthritis, Rheumatoid Arthritis, Osteoporosis, Others
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• October 2017: Integra LifeSciences had acquired the Codman Neurosurgery.
• December 2017: Stryker Corporation had acquired the Entellus Medical, Inc.

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