The foot and ankle devices market was valued at $3.2 billion in 2011, and is predicted to grow at a CAGR of 6.0% to reach $4.5 billion by 2017.
(PRWEB) October 27, 2012
The “Foot & Ankle Devices Market (2012 - 2017) by Products, Application Area (External Fixation, Internal Fixation, Joint Replacement, Forefoot, Midfoot, Hindfoot, Prosthesis, Bracing) - Global Trends and Competitive Analysis” analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia-Pacific, and Rest of the World.
Browse 145 market data tables and 9 figures spread through 308 pages and in-depth TOC on “Foot & Ankle Devices Market (2012 - 2017) by Products, Application Area (External Fixation, Internal Fixation, Joint Replacement, Forefoot, Midfoot, Hindfoot, Prosthesis, Bracing) - Global Trends and Competitive Analysis”.
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This report studies the Foot & Ankle Devices Market with forecast up to 2017.
The foot & ankle market consists of devices used in orthopedics such as plates, fusion screws, wires, and pins or staples used for musculoskeletal repairs. Total joint implants, recently introduced in the market, have reduced the necessity to simply fuse the ankle. These artificial joints provide increased mobility and better biomechanical motion to the patient than ankle fusion or arthrodesis. Due to the increasing acceptance of the devices, it is estimated that the market will compete highly against the ankle fusion devices market.
The foot & ankle devices market was valued at $3.2 billion in 2011, and is predicted to grow at a CAGR of 6.0% to reach $4.5 billion by 2017.
The market also constitutes of prosthetic devices used to provide mobility to amputees who have lost their feet and ankles to war, diseases, or injuries, and bracing, which comprises of all types of support devices used to strengthen the joint area and increase stability. The prosthetics market is a highly prospective area due to the increasing stability of reimbursement in this section. There are devices that are technologically advanced, but also include simple prosthetics. The foot & ankle bracing market is also growing, particularly due to the increase in awareness about physical fitness and routine exercise, particularly in sports. The aging population is also another factor that has supplemented the foot & ankle bracing market.
Sports injuries are a major driver for the foot and ankle devices market. According to recent studies, many sports research academies have observed an increasing number of serious bone injuries among professional as well as amateur sportspersons. Ligament tears and fractures are high in number and foot & ankle injuries in sports constitute over 20% of the total sports injuries; the lower extremity constitutes over 50% of all sports injuries. Sports medicine is an increasing opportunity and intensely competitive market on which many key players such as Arthrex (U.S.) have their focus on.
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