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The Foot and Ankle Devices Market is segmented by Device Type, Procedure, and Geography.
Fastest Growing Market:
The foot and ankle devices market is expected to witness a CAGR of 8% during the forecast period.
Foot and ankle devices are used in the treatment of injuries that are caused by diseases or disorders, such as osteoporosis, rheumatoid arthritis, osteoarthritis, diabetic foot, bunions, hammertoes, and several other conditions, like trauma and neurological disorders.
|Ankle Replacement Devices|
|External Fixation Devices|
|Biologics and Implants|
|Other Device Types (Staples, Osteotomy Wedges, Fusion Nail Systems etc.)|
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Osteotomy literally means "cutting of the bone". Distal tibial osteotomies are powerful corrective procedures that the surgeons often use for the realignment of various ankle deformities. Osteotomies can play an important role in re-establishing normal alignment and potentially decreasing the rate of progression of wear on the articular surfaces and pain, which may allow more time before arthrodesis or arthroplasty is needed. As per a study conducted in 2016, in InTechOpen, approximately, 6%-13% of all cases of osteoarthritis involve the ankle joint, leading to poor quality of life. Around 70%-80% ankle arthritis cases occur in post-traumatic cases. In January 2016, according to a study published in Orthopedics, the total number of TAA performed annually in the United States had increased, predominantly in females (approximately 53%), as compared to that in men (47%). In 2015, according to a study published in Deutsches Arzteblatt International, about 1% of adults in Germany suffer from the painful osteoarthritis of the ankle.
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In the United States, around 75%-80% of children and youth are actively involved in sports. Around 4-5 million of these children and youth undergo minor foot and ankle injuries. Much significance is attributed to the proper functioning of ankles, feet, legs, elbows, etc. Thus, there is a rise in the sales of ankle and foot devices. These devices are in major demand in the United States. Some of the USFDA cleared and approved total ankle replacement devices are INBONE Total Ankle System, Salto Talaris Total Ankle Prosthesis, Scandinavian Total Ankle Replacement (STAR), and Trabecular Metal Total Ankle Replacement.
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The foot and ankle devices market is highly competitive, and consists of a few major players. Companies, like Acumed, Arthrex, Depuy Synthes, Integra Lifesciences Corporation, Smith & Nephew, Stryker, Wright Medical Group NV, and Zimmer Biomet, among others, hold substantial shares in the foot and ankle devices market.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Number of Sports Injuries and Road Accidents
4.2.2 Rising Incidences of Diabetes and Foot-related Disorders
4.2.3 Technological Advances in Foot and Ankle Surgeries
4.3 Market Restraints
4.3.1 Stringent Regulatory Guidelines
4.3.2 Huge Cost and Lack of Reimbursement for Devices
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Device Type
5.1.1 Ankle Replacement Devices
5.1.2 External Fixation Devices
5.1.6 Biologics and Implants
5.1.7 Other Device Types (Staples, Osteotomy Wedges, Fusion Nail Systems etc.)
5.2.2 Fracture Repair
5.2.3 Fusion Procedures
5.2.4 Other Procedures
5.3.1 North America
188.8.131.52 Rest of Europe
184.108.40.206 South Korea
220.127.116.11 Rest of Asia-Pacific
5.3.4 Middle East & Africa
18.104.22.168 South Africa
22.214.171.124 Rest of Middle East & Africa
5.3.5 South America
126.96.36.199 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.3 Depuy Synthes
6.1.4 Integra Lifesciences Corporation
6.1.5 Smith & Nephew
6.1.7 Wright Medical Group NV
6.1.8 Zimmer Biomet
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability
**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments