Global Foot and Ankle Devices Market

End-user/Technology

Hospitals and healthcare centers are the primary users. These devices are widely used for treatments of rheumatoid arthritis, diabetic foot, osteoporosis etc. Athletes use these products for a quick recovery from ankle and foot injuries. Research institutions also use these products to find out the effectiveness. The market is developing with the advancement of technology which is introducing new products such as hydraulic and pneumatic feet and materials like carbon fiber.

Market Dynamics

Advancement in technology, rising need for less invasive surgical procedures, the aging population which leads to increase in bone diseases, rising demand, increasing rate of accidents and sports injuries are the main driving force for the growth of the ankle and foot medical device market. On the other hand lack of awareness among people, insufficiently trained professionals, high cost, and stringent Govt. regulations are some of the primary restraints. The top companies are trying to increase their market share by introducing new devices to enhance the product portfolio or by acquiring other firms.

Market Segments

The market can be segmented based on the products and application. The product market is further sub-divided into three parts orthopedic implant and devices (i.e. joint implants, fixation devices, and soft tissue orthopedic devices), prostheses (i.e. single axial prostheses, multi-axial prostheses, microprocessor controlled prostheses, and solid angle cushion heel), bracing and supporting devices (i.e soft and hinged bracing). It has wide application in trauma-related diseases, neurological disorders, foot diseases caused by diabetes and sports injuries.

Regional/Geographic Analysis

North America is the market leader followed by Europe and the Asia Pacific. Technological advancement, venture capital investment, govt support and increasing demand for minimally invasive surgeries ensure North America's leadership in the foot and ankle devices market. High purchasing power and disposable income in North America and Europe also ensure the market growth. Investors and manufacturers are highly interested in Asia Pacific regions due to the presence of untapped market with lots of opportunities. Other geographic markets include South America, Japan, and Middle East & Africa.

Opportunities

Technological advancement, Govt. support and increasing awareness among people are creating lots of opportunities in the current market. The highest growth rate is expected to be in the Asia Pacific region in the forecasted period. Various R&D work in critical disease sector and complex surgical procedures are also creating opportunities for the market to grow.

Key Players

Some of the major players in the market include Depuy Synthes, Stryker, Zimmer Biomet, Wright Medical Technology, inc., Acumed, Bioretec ltd. and Ossur.

Report Contents:

> Market segments

> Market Drivers, Restraints and Opportunities

> Market Size & Forecast 2016 to 2022

> Supply & Demand Value Chain

> Market - Current Trends

> Competition & Major Companies

> Technology and R&D Status

> Porters Five Force Analysis

> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

> Consumer and Pricing Analysis

> Market dynamics of the industry

> Market Segmentation

> Estimated Market Sizing in terms of volume and value

> Recent trends in Market and impact

> Research Status and Technology Overview

> Extensive Industry Structure Coverage