Foot and Ankle Devices Market Size & Forecast Report, 2014 - 2025

The global Foot and Ankle Devices Market size is expected to value at USD 3.4 billion by 2025. The market is subject to witness substantial growth due to the rise in the elderly population and the 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 the forecast period, providing numerous opportunities for market players to invest in research and development in the market.

Osteoporosis is the primary cause of reduced bone density, thus inducing fractures even with minor forms of injury or trauma. As many as nine million people have been reported that be suffering from 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 the foot & ankle devices industry, thus creating lucrative opportunities for market players, in recent years. Additionally, the rise in the number of road accidents and sports injuries is further propelling demand for foot and ankle devices. A growing number of cases of sports injuries are attributed to rise in the professional sporting activities all across the globe. A commonly occurring sports injury is an ankle sprain, which is an injury to the ligaments in the ankle.

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. The rise in the demand for joint implants is attributed to factors such as longer life expectancy and the desire to stay active. The elderly population is 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 surgery. The growing popularity of bracing and support devices in sports 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 segments in the foot and ankle devices market with substantial revenue generation in the last couple of years. Hip and knee replacement surgeries have also witnessed substantial growth, mainly in the United States market, in recent years. Major causes for these surgeries are rising in the occurrence of the ankle and arthritic joint injuries. Sports such as football and baseball enable a major risk of soft tissue injuries.

The foot and ankle devices industry is divided by regions 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 the adoption of the latest technologies and the existence of well-established healthcare infrastructure. Asia-Pacific region is predicted to hold a major market share in the foot and ankle devices market with massive growth in the forecast period. Countries such as India, China, and Japan are leading the Asia-Pacific market with a 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

Regional Outlook (Revenue, USD Million; 2014 - 2025)
    • North America
        • the U.S.
        • Canada
    • Europe
        • Germany
        • the UK
    • the Asia Pacific
        • Japan
        • China
    • Latin America
        • Brazil
        • Mexico
    • MEA
        • South Africa