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Foot & Ankle Devices Market Worth $4,084.97 Million by 2027 with leading Brands- Medicalgroup N.V, Stryker Corporation, Anthrex, Zimmer Biomet, Ossur, Integra Lifesciences Corporation

Press release   •   Sep 17, 2019 16:43 IST

Foot & Ankle Devices Market

Foot injuries are significantly high in car crashes. As per a study by the National Center for Biotechnology, around 76% of total foot & ankle car injuries occur due to head-on collisions since the lower extremities are absorb the impact at first during such accidents. However, the other 21% of foot injuries are due to roll-overs and side impacts. Foot and ankle devices such as splints, rehabilitation braces and supports, knee and ankle braces are used to support the injured and damaged parts. Hence, the rise in the rates of road accidents is expected to fuel the demand for foot & ankle devices market at a significant price during the forecast period.

The global foot & ankle devices market accounted to US$ 2,038.24 Mn in 2018 and is expected to grow at a CAGR of 8.1% during the forecast period 2019 – 2027, to account to US$ 4,084.97 Mn by 2027.

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• Global Food & Ankle Devices Market – By Product

  • Joint Implants
    o Ankle and Subtalar Implants
    o Phalangeal Implants
    • Prostheses
    o Dynamic Response
    o Microprocessor Controlled
    o Solid Ankle Cushion Heel
    o Single and Multi Axial
    • Braces & Support
    o Hinged Braces
    o Soft Braces
    • Fixation Devices
    o External Fixation Devices
    - Unilateral
    - Ring Ankle
    - Hybrid
    o Internal Fixation Devices
    - Screws and Nails
    - Plates
  • • Global Foot & Ankle Devices Market – By Application
  • Trauma
    • Osteoarthritis
    • Osteoporosis
    • Rheumatoid Arthritis (RA)
    • Hammertoe
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    The road accidents are the major driving cause of death by injury and the tenth leading cause of all deaths across the world. Many people injured in road accidents occupy around 30% - 70% of orthopedic beds in hospitals of countries across the globe. Across the world, roads are shared by buses, cars, motorcycles, trucks, mopeds, pedestrians, animals, taxis, and other modes of travel. As per the estimates by the Centers for Disease Control and Prevention (CDC), road traffic injuries are anticipated to be the eighth driving cause of death across the world. If the trend of the growing number of accidents is continued, it is estimated that by 2030, road traffic injuries will be the seventh, driving cause of death across the world. As per data by the CDC published in 2016, road accidents injuries lead to a substantial economic burden on the lower and middle-income countries. For instance, it was expected that the approximate cost of US$ 518 billion across the globe and near around US$ 65 billion in the lower-income and middle-income countries.

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