Lower Extremity Devices Market Share, Trends, Growth, Analysis and Forecast 2023-2030

The global lower extremity devices market is anticipated to grow at a considerable CAGR of 5.0% during the forecast period (2023-2030). Orthopedic reconstruction involves joint replacement, fracture fixation, vascular interventions, wound management, orthotics, bracing, and podiatric instruments. Joint replacement devices address conditions such as osteoarthritis, fractures, and degenerative joint diseases. Vascular interventions treat peripheral artery disease and venous disorders. Wound management includes diabetic foot care and pressure ulcers. Orthotics provides support and stability for sprains, strains, ligament injuries, and structural deformities. Podiatry and foot care use podiatric instruments and orthopedic footwear to alleviate pressure, provide support, and improve comfort. The market's growth is attributed to technological advancements and innovation in orthotics. By combining complex spring, hydraulic, and sensor technology, Tectus marks a breakthrough in lower extremity devices. Such developments in orthotic devices spur additional research and development activities within the market.

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In November 2023, Blatchford, launched Tectus, an intelligent orthotic device that is designed to enable individual with partial lower limb paralysis to walk more easily, naturally,and comfortably with increased confidence and safety. The gadget attaches to a custom-made knee-ankle-foot orthosis (KAFO) and contains a one-of-a-kind but sophisticated system of spring, hydraulic, and sensor technologies that allow swearers to mimic a more natural gait cycle.
Furthermore, the AIROS 6P, a device with peristaltic mode, is a significant advancement in pneumatic compression technology, offering more effective and customizable treatment options for lower extremity conditions. In September 2023, AIROS Medical Launched AIROS 6P Pneumatic Compression Device and Truncal Garment System. The AIROS 6P is a 6-chamber pneumatic compression device, reimbursed by Medicare and commercial insurance. It features Peristaltic Mode functionality, an upgraded electrical rating, and a larger air pump for use with larger garments for some lymphedema patients. Such developments are contributing to the global market growth.

Market Coverage

• The market number available for - 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Product
o By Application
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes BREG, Inc., DARCO International, Inc, Drewshoe, Inc., Enovis, and Essity AB. among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Lower Extremity Devices Market Report Segment

By Product

• Knee orthotics
• Foot and ankle orthotics
• Hip orthotics

By Application

• Trauma and fractures
• Podiatry and Foot Care
• Others (Rehabilitation and Physiotherapy, and Wound Management)

By End-User

• Hospitals
• Speciality Centre

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Global Lower Extremity Devices Market Report Segment by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa

Company Profiles

• BREG, Inc.
• DARCO International, Inc.
• Drewshoe, Inc.
• Enovis
• Essity AB
• Hanger, Inc.
• Integra LifeSciences Corp.
• medi GmbH & Co. KG
• Orthofix, Inc.
• Ottobock SE & Co. KGaA

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