Foot and Ankle Devices Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Prostheses, Microprocessor-controlled prostheses, Solid ankle cushion heel foot, Dynamic response or energy-storing prostheses, Multiaxial prostheses, Single-axial prostheses, Bracing and supporting devices, Hinged braces, Soft bracing, Orthopaedic devices and implants, Soft-tissue orthopaedic devices, Artificial tendons & ligaments, Musculoskeletal reinforcement devices, Joint implants, Phalangeal implants, Ankle implants (ankle replacement devices), 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 (Neurological disorders, Trauma, Diabetes, Other causes), By End-user (Hospitals, Clinics, Rehabilitation centre, Others) and Region.  

Foot and ankle devices market size was valued US$ 3.6 billion in 2023 and 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 heal injuries and disorders in the foot and ankle region with or without the help of surgical procedures. On the other hand, injuries caused by orthopaedic disorders, such as bunions, arthritis, diabetic foot, and hammertoes which may call for surgical procedures with the subsequent use of foot and ankle devices. These devices are also used in replacement of foot lost or foot damage due to, trauma, amputation, and congenital conditions. Technological developments made these devices as stronger and lighter, and restrict the additional energy applied by the organ.

The foot and ankle devices 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.

Foot and Ankle Devices Market Key Developments:

• For instance, in September 2015, Integra Life Sciences acquires Tornier foot & ankle products ahead of Wright Medical merger to increase its foot and ankle devices market share outside the United States.
• Similarly, in May 2013, Wright Medical introduced Ortholoc 3Di with screw technology and redesigned plates for multiple applications in market.