Foot & Ankle Devices Market - An Insight on the Important Factors and Trends Influencing the Industry by 2019

Foot and ankle devices are used to restore one or more functions of the human foot or ankle system. The foot and ankle devices market include all those devices which are used in ligament repair and reconstruction procedures including arthrodesis, joint replacement and internal fixation. The global foot and ankle devices market is analyzed by categorizing orthopedic implants and surgical devices, prosthetics and bracing and supports market.

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Based on orthopedic implant and device types, the foot and ankle devices market is classified into fixations devices, joint implants and soft tissue orthopedic devices. The fixation devices market is further segmented and analyzed into internal and external fixation devices. Internal fixation devices such as plates, screw, fusion nails and wires and pins are widely used in the foot and ankle surgical procedures. Whereas, external fixation devices such as unilateral, hybrid and ring ankle fixators are prospective options as they are minimally invasive devices. Soft tissue orthopedic devices include artificial tendons and ligaments and musculoskeletal reinforcement devices. Increase in the use of minimally invasive technologies will lead to a growth in the in the number of foot and ankle surgical procedures being performed.

The prosthetics market for foot and ankle devices include single axial prosthesis, multi axial prosthesis, solid ankle cushioned heel (SACH), pneumatic and hydraulic prosthesis, microprocessor controlled prosthesis. The demand for foot and ankle prosthetics is perpetually growing with the introduction of advanced devices and materials such as carbon fiber, pneumatic foot and hydraulic foot. Also, the introduction of microprocessor controlled prosthetic foot increased the comfort level of the patient in mobility. The goal of designing a prosthetic foot is to be light in weight with high strength as it firma and comfortable while moving. Bracing and support devices market is segmented into two types as soft bracing and hinged bracing. They are advised based on the type of injury such as minor strain or twist. Moreover, braces are also available for postoperative recuperation.

Geographically, the foot and ankle devices market is segmented into four regions namely North America, Europe, Asia-Pacific and Rest of the World. North America is the largest market for the foot and ankle devices because of patient affordability, higher acceptance rate and large number of sports injuries. However, with rising sports injuries and aging population in the Asia-Pacific region, the demand for foot and ankle devices is expected to rise rapidly in this region.

The growth of foot and ankle market will be highly driven by the rising sports injuries, road accidents and rising incidence of diabetes which may lead to amputation of foot-ankle with large sores. In addition, aging population will also be a contributing factor for the growth of the foot and ankle devices market as there is considerable decrease in the bone strength and increased risk of fractures. Furthermore, introduction of new technologies with additional shock absorption and greater battery life will augment the demand for these devices. The joint implants are replacing the need for fusing the ankle as they provide better mobility and biomechanical motion. Better understanding of mechanical function of the prosthetic feet during movement will improve the prescription for prosthetic feet to patients with lower limb amputation.

Some of the major players in the foot and ankle devices market include Wright Medical Technology, Inc., Arthrex, Inc., Integra Life Sciences Corporation, Stryker Corporation, Smith & Nephew plc, Acumed, LLC, Zimmer Holdings Inc., De Puy Synthes, Biomet, Inc., BioPro, Inc., Orthofix Holdings Inc., OrthoHelix Surgical Designs, Inc., and Mondeal Medical Systems GmbH.

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