(PharmaNewsWire.Com, February 25, 2017 ) According to the report Foot And Ankle Devices Market, published by Market Data Forecast, the global market is projected to reach USD 6.46 billion by 2021, at a CAGR of 7.50% from 2016 to 2021.
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.
The market for Foot and Ankle Devices is mainly driven by theincreasing 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.
The Foot and Ankle Devices Market is segmented as following: By Product Orthopedic Implants and Devices Prostheses Bracing and Supporting Devices By Cause of injury Trauma Diabetes Neurological Disorders Osteoporosis Rheumatoid arthritis Osteoarthritis Hammertoe Bunions Geographically, the market for Foot and Ankle Devicesis segmented as below: North America Europe Asia-Pacific Latin America Middle-East and Africa
Stryker Corporation, Arthrex, Inc., Zimmer Biomet Holdings, Inc. , Smith & Nephew plc , Wright Medical Technology, Inc. , Integra LifeSciences Holdings Corporation , Tornier N.V., Φssur, Acumed and Extremity Medical, LLC, are the major players of Global Foot and Ankle Devices market.
The 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 major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and 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 the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, 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 An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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