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
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 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.
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.
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