Press release
Global Foot and Ankle Devices Market Major Drivers by Factors Growth, Current Industry Trends, Structure, Projections for Upcoming Years till 2024
The foot and ankle devices are the devices that are used for treating injuries caused by various disorders such as osteoarthritis, osteoporosis, diabetic foot, trauma among othersdatabridgemarketresearch.com latest study on “Foot And Ankle Devices Market accounted to USD 4.0 billion in 2016 growing at a CAGR of 7.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Major Market Drivers and Restraints:
• Increasing sport injuries and road accidents
• Rising geriatric population
• Increasing prevalence of arthritis
• Increasing prevalence of diabetes
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Competitive Analysis:
Foot and ankle devices market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of foot and ankle devices market for global, Europe, North America, Asia Pacific and South America.
Market Segmentation:
By product type the foot and ankle devices market is segmented into orthopedic implants, prostheses, bracing and supporting devices. Orthopedic Implants is further segmented into external fixation and internal fixation. Prostheses market is further segmented into single axial prostheses, multi axial prostheses, solid ankle cushion heel (SACH) foot and microprocessor controlled prostheses.
On the basis of injury the market is segmented into trauma, diabetes, rheumatoid arthritis, osteoporosis, osteoarthritis, bunions, neurological disorders, others.
On the basis of End User the market is segmented into hospitals, ambulatory surgical centers, others.
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On the basis of geography, foot and ankle devices market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa.
Major Market Competitors:
Some of the major players operating in foot and ankle devices market are Stryker Corporation, Arthrex, Inc., Zimmer Biomet Holdings, Inc., Smith & Nephew plc, Wright Medical Technology, Inc. , Integra Life Sciences Holdings Corporation, Tornier N.V., Össur, Acumed, LLC, and Extremity Medical, LLC, De Puy Synthes, BioPro, Inc., Orthofix Holdings Inc., Mondeal Medical Systems GmbH among others.
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