Foot And Ankle Devices Market 2024 | Size, Top Trends, Growth, Share, Key Drivers | Aap Implantate AG, Acumed LLC, Advanced Orthopaedic Solutions Inc., Arthrex Inc., Biomet Inc.

Overview and Scope
Foot and ankle devices are medical devices that are used to treat foot and ankle diseases through surgical procedures. These devices are used to reduce foot pain caused by medical conditions such as arthritis, bunions, plantar fasciitis, flat feet, and diabetes.

Sizing and Forecast
The foot and ankle devices market size has grown rapidly in recent years. It will grow from $5.68 billion in 2023 to $6.25 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to aging population, orthopedic disorders, sports injuries, chronic conditions, increased trauma and accidents.

The foot and ankle devices market size is expected to see strong growth in the next few years. It will grow to $9.03 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to patient-centric care, regenerative medicine, increasing diabetic population, telemedicine and remote monitoring, minimally invasive procedures. Major trends in the forecast period include wearable devices and smart orthopedics, telehealth and remote consultations, biomechanical analysis, 3d printing and additive manufacturing, advanced materials.

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Segmentation & Regional Insights
The foot and ankle devices market covered in this report is segmented –
1) Foot And Ankle Devices Market By Product: Bracing and Support Devices, Prostheses
2) Foot And Ankle Devices Market By Cause Of Injury: Trauma, Diabetes, Neurological Disorders, Other Causes
3) Foot And Ankle Devices Market By End User: Hospitals, Ambulatory Surgery Centers, Orthopedic Clinics, Rehabilitation Centers, Other End Users

Top Major Players

Aap Implantate AG

Acumed LLC

Advanced Orthopaedic Solutions Inc.

Arthrex Inc.

Biomet Inc.

North America was the largest region in the foot and ankle devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the foot and ankle devices market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth
The increase in rates of orthopedic disorders are expected to propel the growth of the foot and ankle devices market moving forward. Orthopedic disorders are diseases which affect the musculoskeletal system that damages the muscle and bone tissues. This includes the bones, cartilage, ligaments, tendons, and connective tissues. Foot and ankle devices are used to address various types of fusions, fractures, and osteotomies in the forefoot, midfoot and rearfoot, which would increase the market growth. For instance, according to World Health Organization, a Switzerland-based government agency, musculoskeletal diseases affected 1.71 billion people worldwide in 2021, making them the major cause of disability. Apart from that, there are 568 million people who suffered from low back discomfort. Therefore, the growing incidence rates of orthopedic disorders are driving the growth of the foot and ankle devices market.

Key Industry Players
Major companies operating in the foot and ankle devices market include Aap Implantate AG, Acumed LLC, Advanced Orthopaedic Solutions Inc., Arthrex Inc., Biomet Inc., CONMED Corporation, DePuy Synthes Companies, DonJoy Inc., Extremity Medical LLC, Fillauer LLC, FH ORTHOPEDICS S.A.S., Integra LifeSciences Holdings Corporation, Medartis Holding AG, Mondeal Medical Systems GmbH, Ortho Solutions UK Ltd., Orthofix Medical Inc., Össur hf., Ottobock Healthcare AG, Smith & Nephew plc, Stryker Corporation, Tornier N.V., Vilex in Tennessee Inc., Wright Medical Technology Inc., Zimmer Biomet Holdings Inc., KYOCERA Medical Corporation, Medacta International SA, Merete Medical GmbH, Medtronic plc, Inovedis SAS, OsteoMed LLC

The foot and ankle devices market report table of contents includes:

1. Executive Summary

2. Foot And Ankle Devices Market Characteristics

3. Foot And Ankle Devices Market Trends And Strategies

4. Foot And Ankle Devices Market – Macro Economic Scenario

5. Global Foot And Ankle Devices Market Size and Growth

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32. Global Foot And Ankle Devices Market Competitive Benchmarking

33. Global Foot And Ankle Devices Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Foot And Ankle Devices Market

35. Foot And Ankle Devices Market Future Outlook and Potential Analysis

36. Appendix