Europe Foot and Ankle Devices Market, By Product Type (Orthopedic Implants and Devices, Bracing and Support Devices, Prostheses), Application (Trauma, Hammertoe, Osteoarthritis, Rheumatoid Arthritis, Bunions, Neurological Disorders, Osteoporosis, Others), End User (Hospitals, Trauma Centers, Ambulatory Surgical Centers, Specialty Clinics, Others), Country (Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe) Industry Trends and Forecast to 2028
Europe foot and ankle devices market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account grow at a CAGR of 7.6% in the above mentioned forecast period.
The increasing prevalence in loss of functioning of the organs and tissues that causes bone diseases has been increasing on a significant pace, thereby motivating as well as lifting the growth of the Europe foot and ankle devices market. On other hand, bunions, arthritis, hammer-toes, and diabetic foot are some of the disorders which may call for surgical procedures with ensuing use of foot and ankle devices which further propels the high adoption rate of the market for Europe foot and ankle devices. Also the towering incidence rates of degenerative bone disease and osteoporosis as well as rapidly rising rate of sports-related injuries are also fueling the demand of the Europe foot and ankle devices market over the forecast period of 2021 to 2028. The rapid technological development is also exceedingly influencing the growth of the Europe foot and ankle devices market.
Moreover, growth in the number of sports injuries, expected increase in occurrence of diabetes and increasing geriatric population resulting in a rising prevalence of bone injuries are also adding to the market growth. While, the high cost of foot and ankle devices and excise tax on medical devices are expected to impede the growth of the Europe foot and ankle devices market in the above mentioned forecast period. Additionally, the regular entries of new products in the market are also lifting the growth of the Europe foot and ankle devices market.
The emergence of biologics for treating foot and ankle disorders as well as the increasing number of free trade agreements will further accelerate the expansion of the Europe foot and ankle devices market and are also are offering significant growth opportunities for the market in the forecast period of 2021 to 2028. Furthermore, the lack of trained professionals will challenge the growth of the Europe foot and ankle devices market.
This Europe foot and ankle devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Europe foot and ankle devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Europe Foot and Ankle Devices Market Scope and Market Size
Europe foot and ankle devices market is segmented on the basis of product type, application and end user. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
Based on product type, the Europe foot and ankle devices market is segmented into orthopedic implants and devices, bracing and support devices and prostheses. Orthopedic implants and devices have further been segmented into fixation devices, joint implants and soft-tissue orthopedic devices. Fixation devices are further sub-segmented into internal fixation devices and external fixation devices. Internal fixation devices are further segmented into Screws, Plates, wires & pins and fusion nails. External fixation devices are further segmented into unilateral fixators, ring ankle fixators and hybrid fixators. Joint implants are further sub-segmented into ankle implants, subtalar joint and phalangeal implants. Soft-tissue orthopedic devices are further sub-segmented into artificial tendons & ligaments and musculoskeletal reinforcement devices. Bracing and support devices have further been segmented into soft bracing and hinged braces. Prostheses have further been segmented into solid ankle cushion heel (SACH) foot, single-axial prostheses, multiaxial prostheses, dynamic response/energy-storing prostheses and microprocessor-controlled (Mpc) prostheses.
- The application segment of the Europe foot and ankle devices market is segmented into trauma, hammertoe, osteoarthritis, rheumatoid arthritis, bunions, neurological disorders, osteoporosis and others.
- On the basis of end user, the Europe foot and ankle devices market is segmented into hospitals, trauma centers, ambulatory surgical centers, specialty clinics and others.
Europe Foot and Ankle Devices Market Country Level Analysis
Europe foot and ankle devices market is analyzed and market size insights and trends are provided by country, product type, application and end user as referenced above.
The countries covered in the Europe foot and ankle devices market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey and Rest of Europe in Europe.
The country section of the Europe foot and ankle devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of regional brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Europe foot and ankle devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for Europe foot and ankle devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Europe foot and ankle devices market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Europe Foot and Ankle Devices Market Share Analysis
Europe foot and ankle devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Europe foot and ankle devices market.
The major players covered in the Europe foot and ankle devices market report are Arthrex, Inc., Wright Medical Group N.V., Smith + Nephew, Ottobock, Advanced Orthopedic Solutions, JEIL MEDICAL CORPORATION, MedShape, Inc., Acumed LLC, Extremity Medical, Orthofix Medical Inc., Osteotec, Response Ortho, Integra LifeSciences Corporation and Össur Corporate among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.