Foot and Ankle Devices Market Analysis with COVID-19 Strategic Trends and Forecast to 2027

The research report "Global Foot and Ankle Devices Market by Product Type (Prostheses, Microprocessor-controlled prostheses, Solid ankle cushion heel foot, Dynamic response or Energy-storing prostheses, Multiaxial prostheses, Single-axial prostheses, Bracing and supporting devices, Hinged braces, Soft bracing, Orthopaedic devices and implants, Soft-tissue orthopaedic devices, Artificial tendons & ligaments, Musculoskeletal reinforcement devices, Joint implants, Phalangeal implants, Ankle implants (ankle replacement devices), Subtalar joint implants, Fixation devices, Internal fixation Fusion nails, Screws, Wires & pins, Plates, External fixation Ring ankle fixators, Unilateral fixators, Hybrid fixators), by Cause of the injury (Neurological disorders, Trauma, Diabetes, Other causes), by End-user (Hospitals, Clinics, Rehabilitation centre, Others) and Geography- Global/Region/Country Forecast to 2027", The foot and ankle devices market was valued at USD 4.3 billion in the year 2020 and is anticipated to grow at 7.04 billion till 2027 witnessing CAGR of 7.30% during the forecast years 2021-2027.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on " Global Foot and Ankle Devices Market by Product Type (Prostheses, Microprocessor-controlled prostheses, Solid ankle cushion heel foot, Dynamic response or Energy-storing prostheses, Multiaxial prostheses, Single-axial prostheses, Bracing and supporting devices, Hinged braces, Soft bracing, Orthopaedic devices and implants, Soft-tissue orthopaedic devices, Artificial tendons & ligaments, Musculoskeletal reinforcement devices, Joint implants, Phalangeal implants, Ankle implants (ankle replacement devices), Subtalar joint implants, Fixation devices, Internal fixation Fusion nails, Screws, Wires & pins, Plates, External fixation Ring ankle fixators, Unilateral fixators, Hybrid fixators), by Cause of the injury (Neurological disorders, Trauma, Diabetes, Other causes), by End-user (Hospitals, Clinics, Rehabilitation centre, Others) and Geography- Global/Region/Country Forecast to 2027"

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Technological Advancements will lead Foot and Ankle devices Market to Witness Significant CAGR Rate:
Foot and ankle devices are especially designed to treat wounds and disorders in ankle and foot without doing surgery. But, injuries caused due to the orthopaedic disorders like hammertoes, bunions, arthritis and diabetic foot can require doing surgeries along with the subsequent use of the devices. It is suggested by doctors to use these devices in foot damage caused because of amputation, trauma and congenital conditions and replacement of foot lost. Due to the technological advancement, foot and ankle devices become stronger and lighter too. The foot and ankle devices market is experiencing a considerable CAGR due to the increasing road accident cases and growing population. Increasing injury cases due to accidents and sports, infections caused because of the poor blood circulation and increasing bone injury conditions amid aged people suffering from vascular illness and diabetes lead to worsening of the foot-ankle are projected to accelerate the foot and ankle devices market.

Furthermore, technological advancements in foot and ankle devices like introduction of microprocessor, increased battery life and more shock absorption increased the patient’s comfort level and hence enhancing the popularity and result into propelling the market growth.

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North America is anticipated to dominate the foot and ankle devices market:
North America is projected to dominate the foot and ankle devices market by obtaining huge revenue share followed by Asia Pacific and Europe. Growing cases of diabetes and arthritis patients, increasing sport injury cases and launching of new products in the market are the key factors impel the foot and ankle devices market growth in this region. Europe comes on second place to obtain revenue share in foot and ankle devices market owing to growth and penetration in Europe economies and launching of new devices in the European market for treating foot and ankle disorders. Foot and ankle devices market in Asia Pacific is anticipated to grow at considerable CAGR due to the factors such as growing aging population and growing adoption of advanced technologies in the region.

Competitive Analysis
There are several major key players working in the foot and ankle devices market such as Stryker (U.S.), Smith & Nephew (U.K.), Zimmer Biomet (U.S), Arthrex, Inc. (U.S.), Wright Medical Group N.V. (U.S.), Mondeal Medical Systems GmbH (Germany), Integra LifeSciences Corporation (U.S.), Extremity Medical (U.S), and De Puy Synthes (Johnson & Johnson) (U.S.), and to name a few.

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