Foot and Ankle Devices Market Growth 2028: Increasing Usage of Bio-manufactured Absorbable Implants and Awareness Regarding such Technologically Advanced Devices

The latest market analysis report published by Reports and Data, titled ‘Global Foot and Ankle Devices Market – Forecast to 2028,’ thoroughly examines the Foot and Ankle Devices industry to provide essential data & information for the targeted readers. The report consists of quantitative and qualitative research on the market performed by our market experts. The Foot and Ankle Devices industry report emphasizes the current and upcoming market revenue growth opportunities and trends. Moreover, the report offers key information on the industry statistics, as well as a wide range of dynamic factors including drivers, restraints, risks, challenges, threats, supply & demand ratios, production & manufacturing capacities, sales & distribution networks, cost & demand volatility, import/export ratios, profit margins, and macro-economic and micro-economic factors. The report is inclusive of product type outlook, application spectrum, end-use outlook, technology landscape, regional market analysis, and competitive overview. Our market experts have determined the current financial positions of the leading industry players in the report leveraging advanced analytical tools such as Porter’s Five Forces Analysis, SWOT analysis, and investment assessment.

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The rising awareness among people regarding modern treatment processes and patient care have vastly impacted research works in the healthcare industry. Foot and ankle devices can be termed as a modern solution to treat several lower body injuries caused by chronic diseases including arthritis, bunions, diabetes and other common orthopaedic disorders. Deformities in feet, knee and ankles due to road accidents, amputation and trauma result in the need for these devices that come in personalized designs to fit the patient’s body and reduce congenital deformity. The global foot and ankle devices market reported a large market size in 2019, which is expected to expand significantly in 2028 at a rapid revenue growth rate during the forecast period. Industry analysis indicates that demand for efficient devices has been rising substantially, and their adoption across healthcare and orthopedic industries has been increasing in parallel due to changing market trends and consumption patterns, and these factors are expected to continue to support industry growth as well as market growth over the forecast period.

The upsurge in coronavirus infected patients has widely affected the normal functioning of hospitals and the manufacturing industry, in turn reflecting on the foot and ankle devices market. Many hospitals for elective surgeries have been converted to emergency centres for patients infected by COVID-19. There has been a decline in the availability of medical supplies and supply chains are badly disrupted. Many private firms have relied on past savings and have registered weak financial strength. Lifting of quarantine regulations and immense need for intensive care units in the market is forecasted to have new opportunities for growth.

Competitive Landscape:

The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, merger and acquisitions, collaborations, and joint ventures to gain robust footing in the market.

Top Companies Profiled in the Report:

• Smith & Nephew
• Wright Medical Group N.V
• DePuy Synthes Companies 
• Anthrex Inc.
• Zimmer Biomet
• Orthofix Medical Inc.
• Ossur
• Ottobock SE & Co. KGaA
• Integra Lifesciences Corporation
• Advanced Orthopaedic Solutions
• J&J (Depuy Synthes)
• Acumed, LLC 
• Extremity Medical, LLC

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Foot and Ankle Devices Market Segmentation:

By Product Type (Revenue, USD Billion; 2018-2028)

• Orthopaedic Implants and Devices
  • Joint Implants
    • Ankle Implants
    • Subtalar Joint Implants
    • Phalangeal Implants
  • Fixation Devices
    • Internal Fixation Devices
      • Screws
      • Plates
      • Fusion Nails
      • Wires & Pins
    • External Fixation Devices
      • Ring Ankle Fixators
      • Unilateral Fixators
      • Hybrid Fixators
  • Soft Tissue Orthopaedic Devices
    • Musculoskeletal Reinforcement Devices
    • Artificial Tendons & Ligaments
• Bracing and Support Devices
  • Soft Bracing & Support Devices
  • Hinged Braces & Support Devices
  • Hard Braces & Support Devices
• Prostheses
  • Solid Ankle Cushion Heel (SACH) Prostheses
  • Single-Axial Prostheses
  • Multiaxial Prostheses
  • Dynamic Response/Energy-Storing Prostheses

By Application (Revenue, USD Billion; 2018-2028)

• Trauma & Hair line Fractures
• Rheumatoid Arthritis & Osteoarthritis
• Diabetic Foot Diseases
• Ligament Injuries
• Neurological Disorders
• Hammertoe
• Others

Regional Outlook:

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Latin America (Brazil, Rest of LATAM)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.

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