Foot and Ankle Devices Market Set Close To USD 3.4 billion From 2025

The global Footand Ankle Devices Market size is expected to value at USD 3.4 billion by 2025. The market is subject to witness a substantial growth due to the rise in elderly population and increase in the occurrence of target diseases like osteoporosis. Globally, the foot & ankle devices market is predicted to grow at a CAGR of 10.1% in forecast period, providing numerous opportunities for market players to invest for research and development in the market.

Osteoporosis is primary cause of reduced bone density, thus inducing fractures even with minor form of injury or trauma. As many as nine million people have been reported that are suffering from the osteoporosis disease on annual basis across the globe. Such factors are causing osteoporotic fracture every three seconds. Prime victims of the disease are menopausal women. As recent reports suggest, one out of three women above the age of fifty experiences an osteoporotic fracture. These factors are responsible for the growth of foot & ankle devices industry, thus creating lucrative opportunities for market players, in recent years. Additionally, rise in the number of road accidents and sports injuries are further propelling demand of the foot and ankle devices. Growing number of cases of sports injuries are attributed to rise in the professional sporting activities all across the globe. Commonly occurring sports injury is an ankle sprain, which is an injury to the ligaments in the ankle.

Request Sample Copy of This Market Research @

https://www.millioninsights.com/industry-reports/foot-ankle-devices-market/request-sample

The foot and ankle devices industry devices are categorized into major five types such as bracing &support devices, joint implant equipment, soft tissue orthopedic instruments, intramedullary fixation devices, and artificial limbs. Rise in the demand of the joint implants is attributed to factors such as longer life expectancy and the desire to stay active. Elderly population are the main consumers of joint implant equipment, owing to their ability to remain mobile. Bracing is widely adopted as a form of rehabilitation therapy after the surgery. Growing popularity of the bracing and support devices in sport injuries to reduce bone and muscle injuries, is expected to drive market demand in upcoming years.

Ankle replacement surgery is one of the fastest growing segment in the foot and ankle devices market with substantial revenue generation in the last couple of years. Hip and knee replacement surgeries has also witnessed substantial growth, mainly in the Unites States market, in recent years. Major causes for these surgeries are rising in occurrence of ankle and arthritic joint injuries. Sports such as football and baseball enable a major risk of soft tissue injuries.

Browse Full Research Report @

https://www.millioninsights.com/industry-reports/foot-ankle-devices-market

 

The foot and ankle devices industry is divided by region such as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in adoption of latest technologies and existence of well-established healthcare infrastructure. Asia-Pacific region is predicted to hold major market share in the foot and ankle devices market with massive growth in forecast period. Countries such as India, China and Japan are leading the Asia-Pacific market with growing elderly population and significant investment by leading industry players considering potential opportunities in the region.

The key players in the foot and ankle devices industry are DePuy Synthes Companies, Zimmer Biomet Holdings, Inc., Stryker Co., Integra LifeSciences Co., Wright Medical Technology Incorporations, Advanced Orthopedic Solutions Incorporations, Acumed Limited, Bioretec Limited, and Össur hf.

Market Segment:

Product Outlook (Revenue, USD Million; 2014 - 2025)
    • Bracing and Support
    • Joint Implants
    • Soft Tissue Orthopedic Devices
    • Orthopedic Fixation
    • Prosthetics

Application Outlook (Revenue, USD Million; 2014 - 2025)
    • Hammertoe
    • Trauma
    • Osteoarthritis
    • Rheumatoid Arthritis
    • Neurological Disorders
    • Bunions
    • Osteoporosis

Comments

Post a Comment

Popular posts from this blog

Clinical Decision Support Systems (CDSS) Market Worth About USD 791.25 million By 2025

  What is a clinical decision support system? A clinical decision support system is a health information technology system that is designed to provide physicians and other health professionals with clinical decision support, that is, assistance with clinical decision-making tasks. Global ClinicalDecision Support Systems Market is expected to reach USD 791.25 million by 2024. Clinical Decision Support System is also termed, as CDSS is an application that recognizes data to support healthcare providers make clinical decisions. It is a version of the decision support system exclusively used to support business management. To prepare a diagnosis and evaluation of the diagnosis as a means of refining the concluding result. The Clinical Decision Support System (CDSS) Market is estimated to grow at a significant CAGR of 6.7% over the future period as the scope and its applications are rising enormously across the globe. The increasing government initiatives, growing aging populatio...
Read more

Industrial Pumps Market Worth About USD 88.4 billion By 2025

The global Industrial Pumps Market scope was priced at US$ 59.1 billion during 2018 and is estimated to witness a CAGR of 5.9% by the completion of prediction period. The global market scope of industrial pumps is estimated to touch US$ 88.4 billion by the completion of the year 2025. Increasing demand for wastewater & water treatment and the industry of oil & gas owing to eruption of population and industrial development throughout the world is expected to boost the development of the industry during the period of forecast. Increasing industrial development, speedy suburbanization, technical progresses, and progress in substructure are the most important issues boosting the demand for fuels and energy. This has resulted in the development of the sectors of power and oil & gas. These issues are, sequentially, projected to push the development. The subdivision of wastewater & water treatment application held the biggest share because of its widespread usage in numero...
Read more

Biochar Market Is Roaring Worldwide From 2021

The global Biochar Market is anticipated to exhibit a healthy CAGR during the forecast period, according to a report available on Million Insights. Biochar refers to charcoal produced by burning waste materials such as wood waste, agricultural waste, forest waste, and animal manure under controlled conditions.The production process of biochar is based on heat rate, residence time, and temperature. Thermal decomposition of biomass in absence of oxygen produces a mixture of liquid (bio-oil), solids (biochar), and gas (syngas) products. Rising demand for organic farming and high crop yield owing to rising population is anticipated to propel biochar market growth. Growing awareness among consumers regarding health benefits of organic food is promoting organic farming. Thereby, farmers are using chemical free products to improve soil fertilization and crop yield. In addition, increasing use of biochar in water treatment process is also expected to impel market growth. The product is capa...
Read more