Global Foot and Ankle Devices Market 2017-2021

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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