This report provides exclusive insights into the COVID-19 impact on the Foot and Ankle Devices Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Foot and Ankle Devices Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Foot and Ankle Devices Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on foot and ankle devices market provides an in-depth analysis of segments and sub-segments in global as well as regional foot and ankle devices market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional foot and ankle devices market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global foot and ankle devices market. According to the report, the global foot and ankle devices market is projected to grow at a CAGR of 6.5% over the forecast period of 2018-2024.
Foot and ankle devices are used to provide or restore stability by placing them within the body's skeleton. These help in correcting the problems associated with the bone and joints such as injuries or deformities. These are boon for those people, who want to perform better in their life and transcend the limitation of the physical problem of their bodies.
Factors such as growing elderly population, higher incidences of osteoarthritis, osteoporosis and musculoskeletal disorders are helping to grow the market rapidly. Additionally, higher incidence of sports injuries, technological innovations in foot and ankle device market, rising old age population and increased prevalence of obesity are contributing to the growth of this market. Some of the long term safety concerns associated with the use of metal implants are likely to restrict the market growth. But, technological advancements such as bio-absorbable implants coupled with an increase in the success rate of these implants and fixators in the emerging market would serve as an opportunity for this market.
Geographically, North America is the dominant player in this market. North American countries such as the U.S. and Canada are the largest markets for the foot and ankle devices. This is because of the greater financial standing of patients, higher the acceptance rate for advanced technologies, and a significantly large number of sports injuries, well-established health care facilities, easy access to healthcare facilities and high levels of awareness about foot and ankle disorder in this region are estimated to drive the foot and ankle device market in this region. Asia-Pacific the market is growing at the highest CAGR during the forecast period, due growing the elderly population which is susceptible to osteoporosis, osteoarthritis, injuries, and obesity, which is likely to contribute to the growth of this market.
The report on global foot and ankle devices market covers segments such as the cause of injury, application, and product. On the basis of the cause of injury the global foot and ankle devices market is categorized into trauma, diabetes, neurological disorders, and others. On the basis of application, the global foot and ankle devices market is categorized into a hammertoe, trauma, osteoarthritis, rheumatoid arthritis, neurological disorders, bunions, and osteoporosis. On the basis of product, the global foot and ankle devices market is categorized into bracing and support, joint implants, soft tissue orthopedic devices, orthopedic fixation, and prosthetics.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global foot and ankle devices market such as Stryker Corporation, Arthrex, Inc., Zimmer Biomet Holdings, Inc., Smith & Nephew PLC. , Wright Medical Technology, Inc., Integra Lifesciences Holdings Corporation, Tornier N.V., Ossur, Acumed, LLC, and Extremity Medical, LLC.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global foot and ankle devices market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of foot and ankle devices market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the foot and ankle devices market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the foot and ankle devices market to understand the present and future trends in this market and formulate their strategies accordingly.