Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Foot and Ankle Devices Market By Product Type, Subtalar joint implants, Fixation devices, Internal fixation Fusion nails, Screws, Wires & pins, Plates, External fixation Ring ankle fixators, Unilateral fixators, Hybrid fixators), By Cause of the injury, By End-user and Region Forecast 2019-2030
Foot and Ankle Devices Market size was valued at US$ 3.6 billion in 2023 and is expected to reach US$ 6.1 billion by 2030 at a CAGR of 6.2% from 2024-2030. Foot and ankle devices are used for the treatment of healing injuries and disorders in the foot and ankle region with or without the help of surgical procedures. On the other hand, injuries caused by orthopedic disorders, such as bunions, arthritis, diabetic foot, and hammertoes may call for surgical procedures with the subsequent use of foot and ankle devices. These devices are also used in replacement of foot loss or foot damage due to, trauma, amputation, and congenital conditions. Technological developments made these devices stronger and lighter and restricted the additional energy applied by the organ.
The foot and ankle devices are able to repair the ligament and reconstruction procedures such as arthrodesis, joint replacement, and internal fixation. In the treatment of foot and ankle injuries, regenerative medicine plays a crucial role. Typically, regenerative medicine treatments are used to repair or replace cartilage, tendon, and ligament tissues that have been damaged. Orthobiologics, which are compounds used to aid the healing of broken bones and injured muscles, tendons, and ligaments, are employed in this field of medicine. Foot-ankle extremities are a key revenue contributor to the Global Market. The most commonly adopted strategies by industry players include new product launches with technological innovations, acquisitions & mergers, agreements, and collaborations to capture significant market share.
Study Period
2024-2030Base Year
2023CAGR
6.2%Largest Market
North-AmericaFastest Growing Market
Europe
The market is growing at a significant CAGR due to increase in population and road accidents. Increase in bone injury cases among adults with diabetes and vascular disease leads to deterioration of the foot-ankle area and infections caused due to the poor circulation of blood, and rise in the incidence of injuries owing to major accidents and sports are expected to fuel the market over the forecast period.
Moreover, technological developments such as increased battery life and more shock absorption, introduction of microprocessor controlled prosthetic feet have increased the comfort level of patients and is thus gaining popularity which is expected to propel the Global market growth. However, the high cost of some of the foot and ankle devices, lack of trained professionals, and implied excise tax on medical devices are a few of the primary factors hamper the future growth of market over the forecast period.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 3.6 billion |
Market Size in 2030 |
US$ 6.1 billion |
Market CAGR |
6.2% |
By Product Type |
|
By Cause of the Injury |
|
BY End-user |
|
By Region |
|
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The foot and ankle devices market size was valued at US$ 3.6 billion in 2023 and is set to reach US$ 6.1 billion by 2030 at a CAGR of 6.2% from 2024-2030
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
The key players of the market are Stryker (U.S.)., Smith & Nephew (U.K.), Zimmer Biomet (U.S), Arthrex, Inc. (U.S.), Wright Medical Group N.V. (U.S.), Mondeal Medical Systems GmbH (Germany), Integra, LifeSciences Corporation (U.S.), Extremity Medical (U.S), De Puy Synthes (Johnson & Johnson)
1.Executive Summary |
2.Global Foot and Ankle Devices Market Introduction |
2.1.Global Foot and Ankle Devices Market - Taxonomy |
2.2.Global Foot and Ankle Devices Market - Definitions |
2.2.1.Product Type |
2.2.2.Cause of the injury |
2.2.3. End-user |
2.2.4.Region |
3.Global Foot and Ankle Devices Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Foot and Ankle Devices Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Foot and Ankle Devices Market By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Prostheses |
5.1.1.Screws Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2.Wires & pins Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3.Plates Market Opportunity Analysis |
5.2. Microprocessor-controlled prostheses |
5.2.1.Unilateral fixators Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2.Hybrid fixator Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Solid ankle cushion heel foot |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Dynamic response or energy-storing prostheses |
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Multiaxial prostheses |
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
5.6. Single-axial prostheses |
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.6.3. Market Opportunity Analysis |
5.7. Bracing and supporting devices |
5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.7.3. Market Opportunity Analysis |
5.8. Hinged brace |
5.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.8.3. Market Opportunity Analysis |
5.9. Soft bracing |
5.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.9.3. Market Opportunity Analysis |
5.10. Orthopaedic devices and implants |
5.10.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.10.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.10.3. Market Opportunity Analysis |
5.11. Soft-tissue orthopaedic devices |
5.11.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.11.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.11.3. Market Opportunity Analysis |
5.12. Artificial tendons & ligaments |
5.12.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.12.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.12.3. Market Opportunity Analysis |
6.Global Foot and Ankle Devices Market By Cause of the injury, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Neurological disorders |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Trauma |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Diabetes |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Other causes |
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
7.Global Foot and Ankle Devices Market By End-user, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. Hospitals, |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Clinics |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Rehabilitation centre |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Others |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
8.Global Foot and Ankle Devices Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. North America |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia Pacific (APAC) |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Middle East and Africa (MEA) |
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Latin America |
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
9.North America Foot and Ankle Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Prostheses |
9.1.2.Microprocessor-controlled prostheses |
9.1.3.Solid ankle cushion heel foot |
9.1.4.Dynamic response or energy-storing prostheses |
9.1.5.Multiaxial prostheses |
9.1.6.Single-axial prostheses |
9.1.7.Bracing and supporting devices |
9.1.8.Hinged brace |
9.1.9.Soft bracing |
9.1.10.Orthopaedic devices and implants |
9.1.11.Soft-tissue orthopaedic devices |
9.1.12.Artificial tendons & ligaments |
9.2. Musculoskeletal reinforcement devices Cause of the injury Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Neurological disorders |
9.2.2.Trauma |
9.2.3.Diabetes |
9.2.4.Other causes |
9.3. End-user Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Hospitals, |
9.3.2.Clinics |
9.3.3.Rehabilitation centre |
9.3.4.Others |
9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.4.1.United States of America (USA) |
9.4.2.Canada |
10.Europe Foot and Ankle Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Prostheses |
10.1.2.Microprocessor-controlled prostheses |
10.1.3.Solid ankle cushion heel foot |
10.1.4.Dynamic response or energy-storing prostheses |
10.1.5.Multiaxial prostheses |
10.1.6.Single-axial prostheses |
10.1.7.Bracing and supporting devices |
10.1.8.Hinged brace |
10.1.9.Soft bracing |
10.1.10.Orthopaedic devices and implants |
10.1.11.Soft-tissue orthopaedic devices |
10.1.12.Artificial tendons & ligaments |
10.2. Cause of the injury Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Neurological disorders |
10.2.2.Trauma |
10.2.3.Diabetes |
10.2.4.Other causes |
10.3. End-user Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Hospitals, |
10.3.2.Clinics |
10.3.3.Rehabilitation centre |
10.3.4.Others |
10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Germany |
10.4.2.France |
10.4.3.Italy |
10.4.4.United Kingdom (UK) |
10.4.5.Spain |
10.4.6.Rest of EU |
10.4.7. |
11.Asia Pacific (APAC) Foot and Ankle Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Prostheses |
11.1.2.Microprocessor-controlled prostheses |
11.1.3.Solid ankle cushion heel foot |
11.1.4.Dynamic response or energy-storing prostheses |
11.1.5.Multiaxial prostheses |
11.1.6.Single-axial prostheses |
11.1.7.Bracing and supporting devices |
11.1.8.Hinged brace |
11.1.9.Soft bracing |
11.1.10.Orthopaedic devices and implants |
11.1.11.Soft-tissue orthopaedic devices |
11.1.12.Artificial tendons & ligaments |
11.2. Cause of the injury Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Neurological disorders |
11.2.2.Trauma |
11.2.3.Diabetes |
11.2.4.Other causes |
11.3. End-user Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Hospitals, |
11.3.2.Clinics |
11.3.3.Rehabilitation centre |
11.3.4.Others |
11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.China |
11.4.2.India |
11.4.3.Australia and New Zealand (ANZ) |
11.4.4.Japan |
11.4.5.Rest of APAC |
12.Middle East and Africa (MEA) Foot and Ankle Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Prostheses |
12.1.2.Microprocessor-controlled prostheses |
12.1.3.Solid ankle cushion heel foot |
12.1.4.Dynamic response or energy-storing prostheses |
12.1.5.Multiaxial prostheses |
12.1.6.Single-axial prostheses |
12.1.7.Bracing and supporting devices |
12.1.8.Hinged brace |
12.1.9.Soft bracing |
12.1.10.Orthopaedic devices and implants |
12.1.11.Soft-tissue orthopaedic devices |
12.1.12.Artificial tendons & ligaments |
12.2. Cause of the injury Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Neurological disorders |
12.2.2.Trauma |
12.2.3.Diabetes |
12.2.4.Other causes |
12.3. End-user Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Hospitals, |
12.3.2.Clinics |
12.3.3.Rehabilitation centre |
12.3.4.Others |
12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.GCC Countries |
12.4.2.South Africa |
12.4.3.Rest of MEA |
13.Latin America Foot and Ankle Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Prostheses |
13.1.2.Microprocessor-controlled prostheses |
13.1.3.Solid ankle cushion heel foot |
13.1.4.Dynamic response or energy-storing prostheses |
13.1.5.Multiaxial prostheses |
13.1.6.Single-axial prostheses |
13.1.7.Bracing and supporting devices |
13.1.8.Hinged brace |
13.1.9.Soft bracing |
13.1.10.Orthopaedic devices and implants |
13.1.11.Soft-tissue orthopaedic devices |
13.1.12.Artificial tendons & ligaments |
13.2. Cause of the injury Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Neurological disorders |
13.2.2.Trauma |
13.2.3.Diabetes |
13.2.4.Other causes |
13.3. End-user Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Hospitals, |
13.3.2.Clinics |
13.3.3.Rehabilitation centre |
13.3.4.Others |
13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Brazil |
13.4.2.Mexico |
13.4.3.Rest of LA |
14. Competition Landscape |
14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
14.2.1.Stryker (U.S.) |
14.2.2.Smith & Nephew (U.K.) |
14.2.3.Zimmer Biomet (U.S) |
14.2.4.Arthrex, Inc. (U.S.) |
14.2.5.Wright Medical Group N.V. (U.S.) |
14.2.7.Mondeal Medical Systems GmbH (Germany) |
14.2.8.Integra LifeSciences Corporation (U.S.) |
14.2.9.Extremity Medical (U.S) |
14.2.10.De Puy Synthes (Johnson & Johnson) |
15. Research Methodology |
16. Appendix and Abbreviations |
Key Market Players