Global Foot and Ankle Device Market Growth Analysis By Size, Share, News, Demand, Opportunity

SDKI Inc. published a new research report on "Global Foot and Ankle Device Markets-Forecast 2022-2030". The report provides a complete assessment of the market and its growth prospects, along with new business opportunities in the industry. It also includes market size and annual growth during the 2022-2030 forecast period.

Report sample URL
https://www.sdki.jp/sample-request-111614

The foot and ankle device market is estimated to reach $ 6.75 billion by 2030 from a market value of $ 4.23 billion in 2022 and is expected to grow at a CAGR of 6.9% during the 2022-2030 forecast period.

Foot and ankle devices have various ligament injuries, rheumatoid arthritis, fractures, etc. Used to treat various disorders. This device includes an ankle intramedullary nail, ankle plate and screw system, total ankle replacement, and ankle external fixator. Continued product commercialization creates interest among end users. This is driving the growth of the foot and ankle device market. In June 2019, Metalogix received the FDA 510 (K) intended for use in the treatment of the feet and ankles.

In addition, the growing elderly population and the prevalence of targeted diseases such as osteoporosis create opportunities for growth in the foot and ankle device market. As a National Library of Medicine, more than 200 million people worldwide suffer from osteoporosis between 2016 and 2017. This is driving the growth of the foot and ankle device market. However, increased metal sensitivity in patients with foot and ankle implants may curb growth in the foot and ankle device market during the forecast period.

Global market growth can be attributed to various significant advances in the healthcare industry to promote health through the development of three basic parameters: detection, prevention, and treatment. These parameters are needed to measure health, quality of life, and the overall health system. In addition, rising medical costs are driving market growth. According to the Organization for Economic Co-operation and Development (OECD) statistics, Japan's total per capita health care costs (government, compulsory health insurance, voluntary health insurance) increased from US $ 4297.13 in 2016 to US $ 4823 in 2019. Similarly, in the United States, it increased from $ 9880.16 to $ 11072 in 2019. Germany has witnessed an increase from $ 5668 to $ 6646, and the United Kingdom has observed growth from $ 3990 to $ 4653.05 during the above period. Globally, healthcare costs are projected to grow at a CAGR of approximately 5% between 2020 and 2024.

Sample URL of the report
https://www.sdki.jp/sample-request-111614

Advances in the healthcare sector are estimated to provide lucrative business opportunities for key players to take advantage of these opportunities in the coming years. In addition, there are several initiatives taken by healthcare professionals and government agencies to overcome some challenges (unreachable and affordable medical services, lack of investment in health care, trained doctors and nurses, etc.). It is expected to boost market growth during the forecast period.

Foot and ankle device market segment

The foot and ankle device market is by product (orthopedic implants and devices, braces and support devices, prostheses), by type of injury (trauma, diabetes, neuropathy, osteoporosis, rheumatoid arthritis, mallet, ligament injury), It is divided by end user (hospital, outpatient surgery center, orthopedic clinic, rehabilitation center) and by region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

Regional Overview of the Foot and Ankle Device Market

In addition, the report covers all regions of the world, divided into North America, Europe, Asia Pacific, Latin America, Middle East & Africa and more. The North American region has the largest market share in the foot and ankle device market. This is due to the growing number of clinical trials testing foot and ankle devices in the region. In addition, most of the prominent companies in the global market are headquartered in this region or have a strong presence in this market. However, the Asia Pacific region is expected to lead the foot and ankle device market during the forecast period. Factors such as healthcare reforms for infrastructure development and rising demand for advanced technology are driving the growth of the foot and ankle device market in the region.

For more detailed analysis, each region is further divided into countries:
Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Singapore, and other Asia Pacific)
North America (US and Canada)
Middle East and Africa (Israel, GCC [Saudi Arabia, United Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, and other Middle East and Africa)
Latin America (Brazil, Mexico, Argentina, and other Latin America)
Europe (UK, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia and other Europe)

Key Key Players

Foot and Ankle Device Market Key players in the foot and ankle device market include aap implantate AG, Acumed LLC, Arthrex, Inc., ArthrexCare (Smith & Nephew plc), Bio Medical Enterprises, Inc. , Biomet, Inc., CONMED Corporation, Core Essence Orthopedics, Inc., DeRoyal Industries, Inc., DonJoy, Inc. and more. The survey includes a detailed competitive analysis of these major companies in the foot and ankle device market, corporate profiles, recent developments, and key market strategies.

Details of the survey report
https://www.sdki.jp/press-details/global-foot-and-ankle-device-market/191

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This release was published on openPR.