(PharmaNewsWire.Com, February 08, 2017 ) According to the report Foot and Ankle Devices Market by Products (Orthopedic Implants and Devices, Prostheses, Bracing and Supporting Devices), by Cause of Injury (Trauma, Diabetes, Neurological Disorders, osteoporosis, rheumatoid arthritis, osteoarthritis, hammertoe, bunions) and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021) ", published by Market Data Forecast, the global market is projected to reach USD 6.46 billion by 2021, at a CAGR of 7.5% from 2016 to 2021.
The foot-ankle prosthetics has gained a significant amount of traction since the introduction of technologically advanced devices and materials such as the carbon fiber, microprocessor controlled, and hydraulic controlled prosthetic feet. The bracing segment consists of a large range of devices utilized for supporting ankle joints to provide stability and comfort during movement.
The market for Foot and Ankle Devices is mainly driven due to rise in sports injuries which commonly involve serious ankle injuries, increasing incidences of road accidents and rise in rate of diabetes which leads to the deterioration of foot-ankle area with large sores, infections due to poor blood circulation. But, the market growth is restrained due to high cost of some of foot and ankle devices and lack of skilled personnel to handle equipment.
Global market for Foot and Ankle Devices is segmented based on Products and Cause of injury into further sub-segments as follows: By Product • Orthopedic Implants and Devices • Prostheses • Bracing and Supporting Devices By Cause of injury • Trauma • Diabetes • Neurological Disorders • Osteoporosis • Rheumatoid arthritis • Osteoarthritis • Hammertoe • Bunions Geographically, the market for Foot and Ankle Devices is segmented as below: • North America • Europe • Asia-Pacific • Latin America • Middle-East and Africa
Stryker Corporation, Arthrex, Inc., Zimmer Biomet Holdings, Inc. , Smith & Nephew plc , Wright Medical Technology, Inc. , Integra LifeSciences Holdings Corporation , Tornier N.V., Össur, Acumed and Extremity Medical, LLC, are the major players of Global Foot and Ankle Devices market.
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