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Foot and Ankle Devices Market Trends

  • Report ID: GMI3445
  • Published Date: Jun 2023
  • Report Format: PDF

Foot and Ankle Devices Market Trends

Increasing prevalence of orthopedic ailments is anticipated to increase the adoption of foot and ankle devices globally. The demand for orthopedic implants is driven by the increasing number of orthopedic surgeries and the growing prevalence of conditions such as osteoarthritis. For instance, according to the British Society for Rheumatology data, in 2021, around 40 million people in Europe were suffering from osteoarthritis. Foot and ankle devices aid in diagnosis and treatment of these chronic conditions by improving joint function and mobility. The aging population, sedentary lifestyles, unhealthy diets, and other risk factors contribute to the rising incidence of these diseases.
 

Age-related changes in bone density, joint degeneration, and mobility issues contribute to the prevalence of these disorders, driving the foot and ankle devices market demand. Additionally, increasing prevalence of obesity worldwide is closely associated with an increased risk of orthopedic disorders, including foot and ankle conditions. Technological advancements including imaging techniques, surgical instruments, and biomaterials, have improved the diagnosis, treatment, and outcomes of orthopedic disorders. Innovative foot and ankle devices with better functionality, durability, and patient comfort are being developed, stimulating market growth. Foot and ankle devices have proven effective and efficient in several orthopedic surgeries, thereby augmenting the product demand.

Authors: Mariam Faizullabhoy , Shishanka Wangnoo

Frequently Asked Questions (FAQ) :

The market size was exceeded USD 5.3 billion in 2023 and will reach around USD 9.1 billion by 2032, owing to increasing prevalence of orthopedic disorders, coupled with rising geriatric population base.

The trauma segment accounted for around USD 1.3 billion in 2022. Foot and ankle devices play a crucial role in managing trauma conditions, such as fractures, ligament injuries, and severe soft tissue damage.

North America market is predicted to reach around USD 3.6 billion by 2032, attributable the presence of key players, an increasing prevalence of orthopedic diseases, and rising awareness regarding the benefits of foot & ankle devices.

Acumed, LLC, Arthrex, Inc., Conmed Corporation, DJO, LLC, Enovis, Johnson & Johnson, Medartis AG, Orthofix Medical Inc.,

Foot and Ankle Devices Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 383
  • Countries covered: 30
  • Pages: 180
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