Global Foot And Ankle Devices Market Projected to Grow at 10.3% CAGR, Reaching $9.85 Billion by 2029

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What Will the Foot And Ankle Devices Industry Market Size Be by 2025?
In the last few years, the market size for foot and ankle devices has seen a robust growth. The market, which is currently worth $6.09 billion in 2024, is projected to expand to $6.65 billion in 2025. This represents a compound annual growth rate (CAGR) of 9.3%. Factors responsible for this growth during the historical period include an aging population, orthopedic disorders, sports-related injuries, chronic ailments, and rising incidents of trauma and accidents.

What's the Long-Term Growth Forecast for the Foot And Ankle Devices Market Size Through 2029?
The market for foot and ankle devices is anticipated to experience swift expansion in the upcoming years, reaching a worth of $9.85 billion in 2029 with a 10.3% CAGR. Elements driving this growth during the forecast period include an emphasis on patient-centric care, the rise of regenerative medicine, a growing diabetic population, the use of telemedicine and remote monitoring, as well as minimally invasive procedures. Noteworthy trends for the forecast period encompass wearable technology and intelligent orthopedics, telemedicine and distant consultations, biomechanical evaluations, three-dimensional printing and additive manufacturing, as well as advanced materials.

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What Are the Key Growth Drivers Fueling the Foot And Ankle Devices Market Expansion?
The expected surge in orthopedic disorders is predicted to fuel the rise of the foot and ankle devices market. Orthopedic disorders involve conditions that harm the musculoskeletal system, affecting the muscle and bone tissues. This system includes the bones, cartilage, ligaments, tendons, and other connective tissues. Foot and ankle devices are employed to deal with several kinds of fusions, fractures, and osteotomies in the forefoot, midfoot, and rearfoot, which are anticipated to increase the market's growth. For example, the Institute for Health Metrics and Evaluation, a national and international public health agency, projects that musculoskeletal disorder cases will rise by 115% (107-124) from 2020 to 2050, reaching an estimated 1060 million (95% UI 964-1170) cases in 2050. The World Health Organization, a Switzerland-based government entity, reported that musculoskeletal diseases affected 1.71 billion people globally in 2021, making these diseases the leading cause of disability. Besides, 568 million individuals experienced lower back discomfort. Consequently, the rising prevalence of orthopedic disorders is propelling the foot and ankle devices market's expansion.

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What Are the Key Trends Driving Foot And Ankle Devices Market Growth?
Product advancements have taken a front seat in determining the trajectory of progress in the foot and ankle market. This new trend is largely due to companies within the sector introducing innovative products to outdo their competition. For example, Stryker Corporation, a medical technology firm based in the US, brought to the market CitrelockTM Tendon Fixation Device System in September 2021. This novel system presents surgeons with a distinctive design encompassing a tendon thread integrated with CitregenTM, an absorbable technology that holds its own in terms of unique chemical and mechanical attributes fit for orthopaedic surgical purposes. The purpose behind the Citrelock Tendon Fixation Device System involves simplifying insertion, ensuring secure fixation, and limiting tendon damage during the placement process. In parallel, Acumed, an American medical device producing company, unveiled the Ankle Syndesmosis Repair System in March 2022. This inventive system, powered by Acu-Sinch Knotless technology, is geared towards addressing syndesmotic disruptions and facilitating the dynamic stabilization of the tibiofibular joint - a critical procedure for effective foot and ankle surgery.

How Is the Foot And Ankle Devices Market Segmented?
The foot and ankle devices market covered in this report is segmented -

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

Subsegments:
1) By Bracing and Support Devices: Ankle Braces, Foot Orthoses (Arch Supports), Night Splints, Compression Sleeves, Heel Cups
2) By Prostheses: Below-Knee Prostheses, Above-Knee Prostheses, Customized Foot Prosthetics, Pylon Prostheses

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Which Companies Are Leading the Charge in Foot And Ankle Devices Market Innovation?
Major companies operating in the foot and ankle devices market include Aap Implantate AG, Acumed LLC, Advanced Orthopaedic Solutions Inc., Arthrex Inc., CONMED Corporation, DePuy Synthes Companies, DonJoy Inc., Extremity Medical LLC, Fillauer LLC, FH ORTHOPEDICS S.A.S., Integra LifeSciences Holdings Corporation, Medartis Holding AG, Mondeal Medical Systems GmbH, Ortho Solutions UK Ltd., Orthofix Medical Inc., Össur hf., Ottobock Healthcare AG, Smith & Nephew plc, Stryker Corporation, Tornier N.V., Vilex in Tennessee Inc., Wright Medical Technology Inc., Zimmer Biomet Holdings Inc., KYOCERA Medical Corporation, Medacta International SA, Merete Medical GmbH, Medtronic plc, Inovedis SAS, OsteoMed LLC

Which Regions Are Leading the Global Foot And Ankle Devices Market in Revenue?
North America was the largest region in the foot and ankle devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the foot and ankle devices market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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