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Global Foot And Ankle Devices Market 2024 International Expansion, Latest Trends, Growth Rate And Forecast To 2033 | Major Players Are Aap Implantate AG, Acumed LLC, Advanced Orthopaedic Solutions Inc., Arthrex Inc., Biomet Inc.
Foot And Ankle Devices Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the foot and ankle devices industry. This report on foot and ankle devices market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The foot and ankle devices market size has grown rapidly in recent years. It will grow from $5.68 billion in 2023 to $6.25 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to aging population, orthopedic disorders, sports injuries, chronic conditions, increased trauma and accidents.
The foot and ankle devices market size is expected to see strong growth in the next few years. It will grow to $9.03 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to patient-centric care, regenerative medicine, increasing diabetic population, telemedicine and remote monitoring, minimally invasive procedures. Major trends in the forecast period include wearable devices and smart orthopedics, telehealth and remote consultations, biomechanical analysis, 3d printing and additive manufacturing, advanced materials.
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Key Market Players:
Aap Implantate AG, Acumed LLC, Advanced Orthopaedic Solutions Inc., Arthrex Inc., Biomet Inc., CONMED Corporation, DePuy Synthes Companies, DonJoy Inc., Extremity Medical LLC, Fillauer LLC, FH ORTHOPEDICS S.A.S.
Market Drivers:
According to the Foot And Ankle Devices Market Report 2024 by The Business Research Company, the growing geriatric population is expected to propel the growth of the foot and ankle devices market going forward. Geriatrics is the medical care of the elderly, a difficult age group to define precisely. Foot and ankle devices, such as ankle-foot orthoses, can help improve balance and movement in older persons who are more prone to foot and ankle problems. For instance, in October 2022, according to the data released by the World Trade Organization, a US-based international organization, the world's population of individuals aged 60 and older will have more than doubled (to 2.1 billion) by 2050. Between 2020 and 2050, the number of persons aged 80 and more is expected to triple, reaching 426 million. Therefore, a growing geriatric population drives the foot and ankle devices market.
More information about the Global Foot And Ankle Devices Market Report -
https://www.thebusinessresearchcompany.com/report/foot-and-ankle-devices-global-market-report
Market segments for template include:
1) By Product: Bracing and Support Devices, Prostheses
2) By Cause Of Injury: Trauma, Diabetes, Neurological Disorders, Other Causes
3) By End User: Hospitals, Ambulatory Surgery Centers, Orthopedic Clinics, Rehabilitation Centers, Other End Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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