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(Medical-NewsWire.com, September 25, 2017 ) The Global Foot and Ankle Devices market has been estimated at USD 4.50 Billion in 2016 and is projected to reach USD 6.46 Billion by 2021, at a CAGR of 7.5% during the forecast period from 2016 to 2021.
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Foot and ankle devices are used for the treatment of injuries caused by orthopedic disorders, such as diabetic foot, bunions, arthritis, and hammertoes with the help of surgical procedures. Injuries in the foot and ankle region are usually caused by accidents and fall. On the other hand, arthritis, bunions, hammer-toes, and diabetic foot are some of the disorders which may call for surgical procedures with the subsequent use of foot and ankle devices.
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The market for Foot and Ankle Devices is mainly driven by the increasing cases of bone injuries amongst the aged people with vascular disease and diabetes that leads to the deterioration of foot-ankle area with infections, and rising sports injuries and road accidents. Also, technological advancements in this field will further propel the market growth. But, the market growth is restrained due to high cost of some of foot and ankle devices and incurred excise taxes on medical devices.
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Market Segmentation
• Product
o Orthopedic Implants and Devices
o Prostheses
o Bracing and Supporting Devices
o Y-o-Y Growth Analysis, By Product
o Market Attractiveness Analysis, By Product
o Market Share Analysis, By Product
• Cause of injury
o Trauma
o Diabetes
o Neurological Disorders
o Osteoporosis
o Rheumatoid arthritis
o Osteoarthritis
o Hammertoe
o Bunions
o Y-o-Y Growth Analysis, By Cause of injury
o Market Attractiveness Analysis, By Cause of injury
o Market Share Analysis, By Cause of injury
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Geographically, Global market for Foot and Ankle Devices is segmented into North America, Asia Pacific, Latin America, Europe, and Middle-East and Africa. North America is the biggest market in terms of market share across the globe, followed by Europe. The market in North America is highly driven due to higher acceptance rate, patient affordability and large number of sports injuries. The Foot and Ankle Devices market in the Asia-Pacific region is projected to grow at the highest CAGR, which is greatly due to increasing aging population and rising sports injuries.
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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Source: EmailWire.Com 
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