Foot & Ankle Devices Market 2020 rapid growth, Analysis, Application, type, forecast to 2027

Publisher: The Insight Partners

According to The Insight Partners market research study titled Foot & Ankle Devices Market to 2027 – Global Analysis and Forecasts by Product, Application and Geography. The global foot & ankle devices market is expected to reach US$ 4,084.97 Mn in 2027 from US$ 2,038.24 Mn in 2018. The market is estimated to grow with a CAGR of 8.1% from 2019-2027. The report highlights the trends prevalent in the global foot & ankle market and the factors driving the market along with those that act as challenges to its growth.

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The List of Companies

• Smith & Nephew
• Wright Medicalgroup N.V
• Stryker
• Anthrex Inc.
• Zimmer Biomet
• Ossur
• Integra Lifesciences Corporation
• J&J (Depuy Synthes)
• Acumed, LLC
• Extremity Medical, LLC

Global foot & ankle devices market was segmented by product and application. On the basis of the product the market is segmented as joint implants, prostheses, braces & support, and fixation devices. Based on the application the market is segmented into trauma, osteoarthritis, osteoporosis, rheumatoid arthritis (RA), and hammertoe.

Foot & Ankle Devices – MARKET SEGMENTATION

Global Food & Ankle Devices Market – By Product

• Joint Implants
  • Ankle and Subtalar Implants
  • Phalangeal Implants

• Prostheses
  • Dynamic Response
  • Microprocessor Controlled
  • Solid Ankle Cushion Heel
  • Single and Multi Axial

• Braces & Support
  • Hinged Braces
  • Soft Braces

• Fixation Devices
  • External Fixation Devices
    • Unilateral
    • Ring Ankle
    • Hybrid
  • Internal Fixation Devices
    • Screws and Nails
    • Plates

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The road accidents are the major driving cause of death by injury and the tenth leading cause of all deaths across the world. Many people injured in road accidents occupy around 30% - 70% of orthopedic beds in hospitals of countries across the globe. Across the world, roads are shared by buses, cars, motorcycles, trucks, mopeds, pedestrians, animals, taxis, and other modes of travel. As per the estimates by the Centers for Disease Control and Prevention (CDC), road traffic injuries are anticipated to be the eighth driving cause of death across the world. If the trend of the growing number of accidents is continued, it is estimated that by 2030, road traffic injuries will be the seventh, driving cause of death across the world. As per data by the CDC published in 2016, road accidents injuries lead to a substantial economic burden on the lower and middle-income countries. For instance, it was expected that the approximate cost of US$ 518 billion across the globe and near around US$ 65 billion in the lower-income and middle-income countries.

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