(PharmaNewsWire.Com, May 03, 2017 ) Asia-Pacific Foot And Ankle Devices research report, published by Market Data Forecast delineates that the market is growing with a CAGR of 8.2% to reach USD 1.47 billion by 2021, from USD 0.99 billion in 2016, which amounts to a cumulative growth of USD 0.48 billion.
Foot and ankle devices are used for the treatment of injuries caused by orthopaedic disorders in foot and ankle regions, such as bunions, diabetic foot, arthritis, and hammertoes with the help of surgical procedures. Injuries in the foot and ankle region are usually caused by accidents and fall. These devices also replace the foot lost/ damaged due to trauma, amputation, or congenital conditions.
Technological advancements have made these devices lighter and stronger, restricting the additional amount of energy to be applied by the organ; this is driving the market for these devices. Foot-ankle margins are a key revenue contributor to the Asia Pacific foot and ankle devices market. The foot and ankle device market includes devices that help in ligament repair and reconstruction procedures such as joint replacement, arthrodesis and internal fixation.
The report also presents detailed analysis of multitude of factors affecting Asia-Pacific Foot and Ankle Devices Market bearing either positive or negative outcomes. Some of those factors are
Due to rise in sports injuries which commonly involve serious ankle injuries Increasing incidences of road accidents Rise in rate of diabetes which leads to the deterioration of foot-ankle area with large sores, Infections due to poor blood circulation Aging population Decrease in bone strength Fracture incidence Non-union of fractures High cost of some of foot and ankle devices Lack of skilled personnel to handle equipment.
For granular level understanding the Asia-Pacific Foot and Ankle Devices Market is segmented based on type, source and application, each being provided with Market Size Estimations and Y-o-Y Forecasts. By Products, the market is further sub-segmented into Orthopedic Implants and Devices, Prostheses, Bracing and Supporting Devices. By Cause of Injury, the market is further sub-segmented into Trauma, Diabetes, Neurological Disorders, osteoporosis, rheumatoid arthritis, osteoarthritis, hammertoe, bunions. Orthopedic Implants and Devices contribute to the largest share in the market. Prosthetic devices are expected to witness a lucrative growth during the forecast period due to the technological advancements and the introduction of more efficient devices.
Geographically, Asia-Pacific market for Foot and Ankle Devices is segmented into China, India, Japan, South Korea and Australia. 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., Φssur, Acumed, and Extremity Medical, LLC, are the major players of Asia-Pacific Foot and Ankle Devices market.
The Asia-Pacific Foot and Ankle Devices Market report offers wide-range of scope:
Regional and country-level analysis that provides an individual perspective of Asia-Pacific region and the aforementioned countries Know more about key areas of industry growth via detailed Segment-level analysis on basis of type, application long with market size forecasts and y-o-y estimations Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics Strategic Analyses containing PESTLE and Porters Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview 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 Market Outlook - Investment opportunities devised by stand in experts to provide both individuals and organizations a strong financial foothold in the market
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