Global Foot and Ankle Devices Market has been driven by increasing incidence of Musculoskeletal Disorders and Growing Geriatric Population in the forecast period of 2019 to 2026

Foot and Ankle Devices Market is projected to register a substantial CAGR of 7.8% in the forecast period of 2019 to 2026. The new market report contains data for the historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.

Foot and Ankle Devices Market

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Drivers: Foot and Ankle Devices Market

  • Launch of new products
  • Increasing investment and technological advancement

Restraints:

  • Implementation of excise tax on medical devices
  • Higher cost of foot & ankle devices

Opportunity:

  • Emerging biologics in foot and ankle surgery/treatment

Challenge:

  • Lack of skilled personnel

Market Trends:

Global Foot and Ankle Devices Market is segmented into three notable segments which are products, application and end user.

  • On the basis of products, the market is segmented into orthopaedic implants and devices, bracing and support devices, prostheses. In 2019, orthopaedic implants and devices segment is expected to dominate the market with largest market share because of rising incidence of orthopaedic injuries due to accidents resulting orthopaedic implants to be widely used in foot and ankle replacement.
  • On the basis of application, the market is segmented into trauma, hammertoe, osteoarthritis, rheumatoid arthritis, osteoporosis, others.
  • On the basis of end user, the market is segmented into hospitals, trauma centers, ambulatory surgical centers, speciality clinics, others. In 2019, hospitals segment is expected to dominate the market with largest market share due to increasing cases of injuries in the hospitals as well as hospitals provides better treatment facilities compare than other end users.

Major Players: Foot and Ankle Devices Market

Some of the major players operating in the global foot and ankle devices market are Johnson & Johnson Services, Inc., Arthrex Inc., Stryker, Zimmer Biomet, Wright Medical Group N.V., Smith & Nephew, Ottobock, JEIL MEDICAL CORPORATION, Acumed LLC, Extremity Medical, Osteotec, Response Ortho, VILEX IN TENNESSEE, INC., Globus Medical, Integra LifeSciences Corporation, Össur Corporate among others.

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