Dublin, Jan. 25, 2023 (GLOBE NEWSWIRE) — The “Foot And Ankle Devices Global Market Report 2022” report has been added to AnalysisAndMarkets.com’s providing.
The international foot and ankle units market is predicted to develop from $4.60 billion in 2021 to $5.10 billion in 2022 at a compound annual progress fee (CAGR) of 10.9%. The foot and ankle units market is predicted to develop to $6.77 billion in 2026 at a CAGR of seven.4%.
The primary varieties of merchandise in foot and ankle units are orthopedic implants and units, bracing and assist units, and prostheses. A prosthesis is a man-made system that’s used to interchange or increase an impaired or lacking a part of the physique This prosthesis applies to any synthetic limb, no matter whether or not it’s an higher limb or decrease limb. These are divided by the reason for damage, equivalent to trauma, diabetes, neurological problems, others, and are utilized by hospitals, ambulatory surgical procedure facilities, orthopedic clinics, rehabilitation facilities, others.
North America was the biggest area within the foot and ankle units market in 2021. Asia pacific is predicted to be the fastest-growing area within the forecast interval. The areas coated within the foot and ankle units market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The growing charges of orthopedic problems are anticipated to propel the expansion of the foot and ankle units market transferring ahead. Orthopedic problems are ailments which have an effect on the musculoskeletal system that damages the muscle and bone tissues, it consists of bones, cartilage, ligaments, tendons, and connective tissues. Foot and ankle units are used to deal with numerous varieties of fusions, fractures, and osteotomies within the forefoot, midfoot and rearfoot, which might enhance the market progress. For occasion, in accordance with World Health Organization, a Switzerland-based authorities company, musculoskeletal ailments affected 1.71 billion individuals worldwide in 2021, making them the foremost reason behind incapacity. Apart from that, there are 568 million individuals who suffered from low again discomfort. Therefore, the rising incidence charges of orthopedic problems are driving the expansion of the foot and ankle units market.
Product improvements have emerged as a key development gaining recognition within the foot and ankle market. Companies working within the foot and ankle market are going via new product improvements to achieve a aggressive benefit.
For occasion, in September 2020, Stryker Corporation, a US-based medical know-how firm launched AxSOS 3 Ankle Fusion System. It is an ankle fusion titanium plate system that helps for the fusion of the tibiotalar joint. ASOS 3 Ankle Fusion System was developed with the assistance of Stryker’s proprietary orthopedic design and improvement system know-how.
|No. of Pages||175|
|Forecast Period||2022 – 2026|
|Estimated Market Value (USD) in 2022||$5.1 billion|
|Forecasted Market Value (USD) by 2026||$6.77 billion|
|Compound Annual Growth Rate||7.3%|
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1) By Product: Bracing and Support Devices; Prostheses
2) By Cause Of Injury: Trauma; Diabetes; Neurological Disorders; Other Causes
3) By End User: Hospitals; Ambulatory Surgery Centers; Orthopedic Clinics; Rehabilitation Centers; Other End Users
A choice of firms talked about on this report consists of
- AAP Implantate Ag
- Acumed LLC
- Advanced Orthopaedic Solutions
- Arthrex Inc.
- Biomet Inc.
- Conmed Corporation
- DePuy Synthes Companies
- DonJoy Inc.
- Extremity Medical LLC
- Fillauer LLC
- Groupe Fh Ortho (A Subsidiary of Olympus Corporation)
- Integra LifeSciences Holdings Corporation
- Medartis Inc.
- Mondeal Medical Systems GmbH.
- Ortho Solutions UK Ltd.
- Orthofix Medical Inc.
- Ossur HF
- Ottobock Healthcare AG
- Smith & Nephew PLC.
- Stryker Corporation
- Tornier N.V
- Vilex in Tennessee Inc.
- Wright Medical Technology Inc.
- Zimmer Biomet Holdings Inc.
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