Foot and Ankle Devices Market

Foot and Ankle Devices Market by Device Type (Ankle Replacement Devices, External Fixation Devices, Hammertoe, Plates, Screws, Biologics & Implants, and Others), Procedure (Osteotomy, Fracture Procedures, Fusion Procedures, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: HC-1560
  • Author: Growth Market Reports
  • Rating: 4.7
  • Total Reviews: 2
  • No. Of Pages: 185
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The foot and ankle devices market size is projected to expand at a substantial CAGR during the forecast period, 2021–2028. Growth of the market is attributed to the rising number of sports injuries and road accidents, increasing prevalence of diabetes and foot-related illnesses, and technical advances such as automated foot and ankle devices.


Foot and Ankle Devices Market key Takeaways

Foot and ankle devices are used to treat fractures in the feet and ankles caused by arthritis, diabetic foot, bunions, hammertoes, and other orthopedic problems. These medical devices can be utilized to replace a foot that has been lost due to a congenital abnormality, trauma, amputation, or any other event. Devices for ligament repair and reconstruction, such as arthrodesis, joint replacement, and internal fixation, are included in the foot and ankle devices category. Rising worldwide impact of road accidents is driving demand for sophisticated medical equipment for treatment and recovery.

As a result of the pandemic, access to consumers to sell and deploy foot and ankle devices decreased in March 2020. The pandemic has resulted in a substantial drop in demand for foot and ankle products. The outbreak had an adverse impact on the orthopedics sector, as doctors are being reassigned to treat COVID-19 patients, limiting their ability to focus on normal patients. As a result of the lack of hospital staff and operating rooms, performing orthopedic and trauma surgery has become a serious difficulty.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising number of sports injuries and road accidents are expected to propel the market during the forecast period.
  • Rising prevalence of diabetes and foot-related illnesses are key factor fueling the market.
  • High price of foot and ankle device is estimated to hamper the market growth.
  • Lack of adequate reimbursement schemes for operations acts as major challenge that can restrict the market expansion in the coming years.
  • R&D investment and technological advancement is anticipated to create lucrative opportunities for the market players.

Scope of the Report

The report on the foot and ankle devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Foot and Ankle Devices Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Type (Ankle Replacement Devices, External Fixation Devices, Hammertoe, Plates, Screws, Biologics & Implants, and Others), Procedure (Osteotomy, Fracture Procedures, Fusion Procedures, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Smith & Nephew; Arthrex; Acumed; Depuy Synthes; and Integra Lifesiences Corporation

 

Market Segment Insights

The biologics & implants segment is projected to hold a major market share

In terms of types, the foot and ankle devices market is divided into ankle replacement devices, external fixation devices, hammertoe, plates, screws, biologics & implants, and others. The biologics & implants segment is expected to represent a key share of the market during the forecast period. Biologics and implants are prosthesis that are used to normalize physiological functioning. Biosynthetic materials, such as collagen, and tissue-engineered items, such as artificial skin or tissues, are used to create them. Bio-implants cover most bioengineered devices, such as cardiac pacemakers and orthopedic artificial implants, because they are completely inserted in the patient's body. In 2019, the orthopedic implants and devices sector held the major market of foot and ankle devices. Growth of the market is attributed to growing diabetes occurrences, new product releases, and increasing acceptance of branded orthopedic devices and implants in emerging nations due to better quality and decreased risk of surgery site infection.

The fracture segment is expected to grow at a rapid pace

Based on procedure, the foot and ankle devices market is segregated into osteotomy, fracture procedures, fusion procedures, and others. The fracture segment is expected to represent a key share of the market during the forecast period. Trauma or direct damage to the bone is the most common cause of foot and ankle fractures. The rising frequency of ankle and foot fractures, as well as availability of sophisticated medical equipment, is projected to drive the market. Furthermore, the introduction of 3D printed implants allows doctors to create implants and fixation systems for precise fracture repair.


Foot and Ankle Devices Market by Procedure

North America is expected to dominate the market

On the basis of regions, the foot and ankle devices market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is anticipated to dominate the market during the forecast period. Around 75-80 percent of children and youth in the US participate in sports. Approximately 4-5 million children and adolescents suffer minor foot and ankle injuries. As a result, sales of ankle and foot devices are increasing. In the US, these products are in high demand.


Foot and Ankle Devices Market by Regions

Segments

Segments Covered in the Report
The foot and ankle devices market has been segmented on the basis of

Type

  • Ankle Replacement Devices
  • External Fixation Devices
  • Hammertoe
  • Plates
  • Screws
  • Biologics & Implants
  • Others

Procedure

  • Osteotomy
  • Fracture Procedures
  • Fusion Procedures
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Smith & Nephew
  • Arthrex
  • Acumed
  • Depuy Synthes
  • Integra Lifesiences Corporation

Competitive Landscape

Key players competing in the foot and ankle devices market include Smith & Nephew, Arthrex, Acumed, Depuy Synthes, and Integra Lifesiences Corporation.

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Foot and Ankle Devices Market by key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Foot and Ankle Devices Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Foot and Ankle Devices Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Foot and Ankle Devices Market - Supply Chain
  4.5. Global Foot and Ankle Devices Market Forecast
     4.5.1. Foot and Ankle Devices Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Foot and Ankle Devices Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Foot and Ankle Devices Market Absolute $ Opportunity
5. Global Foot and Ankle Devices Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Foot and Ankle Devices Market Size and Volume Forecast by Types
     5.3.1. Ankle Replacement Devices
     5.3.2. External Fixation Devices
     5.3.3. Hammertoe
     5.3.4. Plates
     5.3.5. Screws
     5.3.6. Biologics & Implants
     5.3.7. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Foot and Ankle Devices Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Foot and Ankle Devices Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Foot and Ankle Devices Demand Share Forecast, 2019-2026
7. North America Foot and Ankle Devices Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Foot and Ankle Devices Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Foot and Ankle Devices Market Size and Volume Forecast by Types
     7.4.1. Ankle Replacement Devices
     7.4.2. External Fixation Devices
     7.4.3. Hammertoe
     7.4.4. Plates
     7.4.5. Screws
     7.4.6. Biologics & Implants
     7.4.7. Others
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Foot and Ankle Devices Demand Share Forecast, 2019-2026
8. Latin America Foot and Ankle Devices Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Foot and Ankle Devices Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Foot and Ankle Devices Market Size and Volume Forecast by Types
     8.4.1. Ankle Replacement Devices
     8.4.2. External Fixation Devices
     8.4.3. Hammertoe
     8.4.4. Plates
     8.4.5. Screws
     8.4.6. Biologics & Implants
     8.4.7. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Foot and Ankle Devices Demand Share Forecast, 2019-2026
9. Europe Foot and Ankle Devices Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Foot and Ankle Devices Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Foot and Ankle Devices Market Size and Volume Forecast by Types
     9.4.1. Ankle Replacement Devices
     9.4.2. External Fixation Devices
     9.4.3. Hammertoe
     9.4.4. Plates
     9.4.5. Screws
     9.4.6. Biologics & Implants
     9.4.7. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Foot and Ankle Devices Demand Share Forecast, 2019-2026
10. Asia Pacific Foot and Ankle Devices Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Foot and Ankle Devices Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Foot and Ankle Devices Market Size and Volume Forecast by Types
     10.4.1. Ankle Replacement Devices
     10.4.2. External Fixation Devices
     10.4.3. Hammertoe
     10.4.4. Plates
     10.4.5. Screws
     10.4.6. Biologics & Implants
     10.4.7. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Foot and Ankle Devices Demand Share Forecast, 2019-2026
11. Middle East & Africa Foot and Ankle Devices Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Foot and Ankle Devices Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Foot and Ankle Devices Market Size and Volume Forecast by Types
     11.4.1. Ankle Replacement Devices
     11.4.2. External Fixation Devices
     11.4.3. Hammertoe
     11.4.4. Plates
     11.4.5. Screws
     11.4.6. Biologics & Implants
     11.4.7. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Foot and Ankle Devices Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Foot and Ankle Devices Market: Market Share Analysis
  12.2. Foot and Ankle Devices Distributors and Customers
  12.3. Foot and Ankle Devices Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Smith & Nephew
     12.4.2. Arthrex
     12.4.3. Acumed
     12.4.4. Depuy Synthes
     12.4.5. Integra Lifesiences Corporation

Segments Covered in the Report
The foot and ankle devices market has been segmented on the basis of

Type

  • Ankle Replacement Devices
  • External Fixation Devices
  • Hammertoe
  • Plates
  • Screws
  • Biologics & Implants
  • Others

Procedure

  • Osteotomy
  • Fracture Procedures
  • Fusion Procedures
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Smith & Nephew
  • Arthrex
  • Acumed
  • Depuy Synthes
  • Integra Lifesiences Corporation

Key players competing in the foot and ankle devices market include Smith & Nephew, Arthrex, Acumed, Depuy Synthes, and Integra Lifesiences Corporation.

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Foot and Ankle Devices Market by key Players

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