, August 11, 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 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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o Orthopedic Implants and Devices
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 Neurological Disorders
o Rheumatoid arthritis
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
The Global Foot and Ankle Devices market study offers the following deliverables:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is blooming
• Segment-level analysis on basis of type, application, end-user along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of macro and micro environmental factors that effect the global market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
• A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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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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