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Global Foot and Ankle Devices Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023

(, November 13, 2017 ) Foot and lower leg gadgets are utilized for the treatment of recuperate wounds and disarranges in the foot and lower leg district with or without the assistance of surgical techniques. Then again, wounds caused by orthopedic clutters, for example, bunions, joint inflammation, diabetic foot, and hammertoes which may call for surgical methodology with the resulting utilization of foot and lower leg gadgets. These gadgets are likewise utilized as a part of substitution of foot lost or foot harm because of, injury, removal, and innate conditions. Innovative advancements made these gadgets as more grounded and lighter, and limit the extra vitality connected by the organ.

The foot and lower leg gadgets advertise is developing at a critical CAGR because of increment in populace and street mishaps. Increment in bone damage cases among grown-ups with diabetes and vascular illness prompts weakening of the foot-lower leg territory and contaminations caused because of the poor dissemination of blood, and ascend in the rate of wounds inferable from real mishaps and games are relied upon to fuel the foot and lower leg gadgets advertise over the gauge time frame. In addition, mechanical improvements, for example, expanded battery life and more stun ingestion, presentation of microchip controlled prosthetic feet have expanded the solace level of patients and is in this manner picking up notoriety which is required to move the foot and lower leg gadgets showcase development. Be that as it may, the high cost of a portion of the foot and lower leg gadgets, absence of prepared experts, and suggested extract impose on restorative gadgets are a couple of the essential components hamper the future development of foot and lower leg gadgets showcase over the conjecture time frame.

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The global foot and ankle devices market is segmented based on the product type, cause of injury, and end-user

Based on product type, foot and ankle devices market has been segmented into the following:
Microprocessor-controlled prostheses
Solid ankle cushion heel foot
Dynamic response or Energy-storing prostheses
Multiaxial prostheses
Single-axial prostheses
Bracing and supporting devices
Hinged braces
Soft bracing
Orthopaedic devices and implants
Soft-tissue orthopaedic devices
Artificial tendons & ligaments
Musculoskeletal reinforcement devices
Joint implants
Phalangeal implants
Ankle implants (ankle replacement devices)
Subtalar joint implants
Fixation devices
Internal fixation Fusion nails
Wires & pins
External fixation Ring ankle fixators
Unilateral fixators
Hybrid fixators

Based on the cause of the injury, the foot and ankle devices market is segmented into the following:
Neurological disorders
Other causes

Based on end-user, the foot and ankle devices market is segmented into the following:
Rehabilitation centre

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The foot and ankle devices able to repair the ligament and reconstruction procedures such as arthrodesis, joint replacement, and internal fixation. Foot-ankle extremities are a key revenue contributor to the global foot and ankle devices market. The most commonly adopted strategies by industry players include new product launches with technological innovations, acquisitions & mergers, agreements, and collaborations to capture significant foot and ankle devices market share. For instance, in September 2015, Integra Life Sciences acquires Tornier foot & ankle products ahead of Wright Medical merger to increase its foot and ankle devices market share outside the United States. Similarly, in May 2013, Wright Medical introduced Ortholoc 3Di with screw technology and redesigned plates for multiple applications in foot and ankle devices market.

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Geographically, foot and ankle devices market has been segmented into following regions Viz. North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa. U.S. foot and ankle devices market is anticipated to dominate the market share in the near future. North America is expected to hold the dominant share in the foot and ankle devices market followed by Europe and Asia-Pacific. Increase in the sports injuries, rising prevalence rate of diabetes and arthritis (according to the National Health Interview Survey (NHIS), approximately 22.7% of adults in the U.S. are diagnosed with arthritis every year), and entry of new products into the market might fuel the growth of foot and ankle devices market in North America region. Europe accounts for the second largest share in foot and ankle devices market attributed to the entry of new devices to treat foot and ankle disorders, expansion and penetration in Europe countries are key drivers for the growth of foot and ankle devices market. Asia-Pacific market is growing at a significant CAGR owing to increase in aging population rise in the sports injuries, the higher acceptance rate for advanced technologies, and rising cases of road accidents in the Asia-Pacific region.

Some of the players in foot and ankle devices market are Stryker (U.S.), Smith & Nephew (U.K.), Zimmer Biomet (U.S), Arthrex, Inc. (U.S.), Wright Medical Group N.V. (U.S.), Mondeal Medical Systems GmbH (Germany), Integra LifeSciences Corporation (U.S.), Extremity Medical (U.S), and De Puy Synthes (Johnson & Johnson) (U.S.), and to name a few.

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