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Global Foot and Ankle Devices Market 2017-2021

  • Published: May 2017
  • Pages: 70
  • SKU: IRTNTR13184
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This market research report identifies Arthrex, DePuy Synthes, Stryker, Wright Medical, and Zimmer Biomet as the key vendors in the global foot and ankle devices market. This report also presents a detailed analysis of the market by values, forecasting, worth, segmentation by product type (braces and support devices, prostheses, and orthopedic implants and devices), by end-users (hospitals and ASCs), and by geography (the Americas, APAC, and EMEA).

Global foot and ankle devices market forecast

According to the foot and ankle devices industry analysis, the global foot and ankle devices market will grow at a CAGR of more than 9% during the forecast period. The increasing occurrence of degenerative bone diseases is one of the primary drivers for market growth.

The increase in older population and changes in lifestyle has led to the rise in degenerative bone diseases across the globe. As the age of the person increases, the bone’s strength decreases. As a result, this growth in the older population gives rise to degenerative bone diseases and multiple joint problems such as arthritis, joint pain, fractures, and bunions. This demands the need for small assistive devices such as orthotics, shoes with the cushioned heel for better movement, and lace-up ankle braces to lower the pain of surgical procedures. Arthritic people are susceptible to disabilities, falls, and accidental injuries that further rises the need for foot and ankle devices.

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Foot and ankle devices market share based on geography

The Americas accounted for the highest share of the global foot and ankle devices market during 2016 and is predicted to continue its lead over the next four years as well. The US generated about 75% of the market revenue in this region due to the increased level of consumer awareness, the presence of innovative products, and higher acceptance of the devices. Moreover, the export of the orthopedic devices also drives the growth of the market in the US.

Foot and ankle devices market growth: Competitive analysis and key vendors

The presence of many global and local players has resulted in intense competition in the global foot and ankle devices market. The market players are taking up expansion strategies through partnerships to increase their presence in the new regions and widen their product portfolio. The vendor competition in the market is likely to intensify with a rise in product and service extensions, technological innovations, and M&A activities.

Key vendors in the foot and ankle devices market

  • Arthrex
  • DePuy Synthes
  • Stryker
  • Wright Medical
  • Zimmer Biomet

Foot and ankle devices market size & share-based on product-type

  • Braces and support devices
  • Prostheses
  • Orthopedic implants and devices

During 2016, orthopedic implants and devices segment dominated the foot and ankle devices market and is expected to continue its dominance during the forecast period as well. The increased occurrence of osteoporosis, osteoarthritis, and obesity and a rise in the preference of people for minimally invasive surgeries, will drive the segment’s growth in this global market.

Foot and ankle devices market segmentation by end-users

  • Hospitals
  • ASCs

As per this market research report, hospitals were the major end-users to the global foot and ankle devices market during 2016. The major contributor to the growth of the segment is the rising demand for foot and ankle surgeries in hospitals and the adoption of the latest technologies.

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Key questions answered in the report include

  • What will the market size and the growth rate of the global foot and ankle devices market 2021?
  • What are the key factors driving the global foot and ankle devices market?
  • What are the key market trends impacting the growth of the global foot and ankle devices market?
  • What are the challenges to market growth of the global foot and ankle devices market?
  • Who are the key vendors in the global foot and ankle devices market?
  • What are the market opportunities and threats faced by the vendors in the global foot and ankle devices market?
  • Trending factors influencing the market shares of the global foot and ankle devices market in the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global foot and ankle devices market?

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Table of Contents

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

  • Market outline

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation by product type

  • Market overview
  • Orthopedic implants and devices
  • Prostheses
  • Braces and support devices

PART 07: Market segmentation by end-users

  • Market overview
  • Hospitals
  • ASCs

PART 08: Geographical segmentation

  • Market scenario
  • Americas
  • EMEA
  • APAC

PART 09: Decision framework

PART 10: Drivers and challenges

  • Market drivers
  • Market challenges

PART 11: Market trends

  • R&D and new product launches
  • Increase in M&As
  • Introduction of robots

PART 12: Vendor landscape

  • Competitive landscape
  • Other prominent vendors

PART 13: Key vendor analysis

  • Arthrex
  • DePuy Synthes
  • Stryker
  • Wright Medical
  • Zimmer Biomet

PART 14: Appendix

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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