Market Research Logo

Global Foot and Ankle Devices Market Forecast up to 2025

Global Foot and Ankle Devices Market Forecast up to 2025

Global Foot and Ankle Devices Market: Drivers, Restraints, Opportunities, Trends, and Forecast up to 2025

[119 pages report] This market research report includes a detailed segmentation of the global foot and ankle devices market by product types (joint implants, support and braces, prosthetics, fixations, and consumables), by applications (osteoporosis, rheumatoid arthritis, hammertoe, bunions, and others), by end-users (hospitals, ambulatory care, and trauma centers), and by regions (North America, Europe, APAC, and RoW).

Research Overview

Infoholic Research predicts that the global foot and ankle devices market will grow at a CAGR of 8.7% during the forecast period. The market is expected to see a significant growth with factors driving the market such as increase in incidence of arthritis, low limb disorders causing acute injury and overuse injuries, sports activities, accidents, and diabetic foot. Also, the increase in popularity of minimally invasive surgical procedures (especially total ankle replacement i.e., arthroplasty procedures) has increased the usage of foot and ankle devices across the globe. Lower extremities are one of the common injury regions in the body primarily caused due to accidents and fall. Other orthopedic disorders also require surgical and replacement procedures. The foot and ankle devices market have advanced joint reconstruction, ankle fusion, internal fixation, and prosthetics. An increase in the demand for minimally invasive orthopedic surgeries is on the rise in developed and developing countries.

The shift from traditional to minimally invasive procedures performed in an outpatient setting is increasing in demand. The growing popularity of minimally invasive surgical procedures has increased the demand of foot and ankle devices as they have fewer complications associated with it. Joint reconstruction is one of the most successful orthopedic surgeries and is expected be one of the most effective and accurate procedures. Arthroscopy is one of the alternatives for the open surgical technique and is the most commonly performed total ankle replacement surgical procedure.

Most of the joint replacement implants are surgically performed when the joint is worn out or becomes dysfunctional due to injuries. Surgeries are primarily carried out to restore mobility and relieve pain. In minimally invasive surgery, a small surgical incision is made and fewer muscles around the joint are detached or cut. Despite this difference, both traditional and minimally invasive joint replacement are technically demanding due to the outcomes and are dependent on the operating team with considerable experience.

According to Infoholic Research analysis, North America accounted for the largest share of the global foot and ankle devices market in 2018. The primary reasons behind the market’s growth in the Americas are rise in the aging population, increasing incidence of osteoporosis, advanced healthcare infrastructure, and rising demand for minimally invasive surgeries. The Asia Pacific region is expected to witness the fastest growth rate due to large patient pool, increasing awareness, and rising healthcare expenditure.

Segmentation by Product Types:

  • Joint Implants
  • Support and Braces
  • Prosthetics
  • Fixations
  • Consumables
The prosthetics segment is the fastest growing segment and the advancements in technology has gained immense popularity in treating externally powered foot and ankle, which can normalize daily activity of a prosthetic leg or individual who has undergone amputation. Further, the total ankle systems have also gained high adoption in the foot and ankle market, which will lead it to gain the highest volume sales during the forecast period.

Segmentation by Applications:
  • Osteoporosis
  • Rheumatoid arthritis
  • Hammertoe
  • Bunions
  • Others
In 2018, the osteoporosis segment accounted for the maximum share with increased use of ortho-related procedures, especially for total ankle replacement.

Segmentation by End-users:
  • Hospitals
  • Ambulatory Care
  • Trauma Centers
In 2018, hospitals gained the highest share in the foot and ankle devices market with the large volumes of diagnostics and treatments globally.

Segmentation by Regions:
  • North America
  • Europe
  • APAC
  • RoW
The foot and ankle devices market in APAC region is growing at a significant pace. The rise in aging population, road accidents, increase prevalence of osteoporosis, increase in demand of minimally invasive surgeries, swiftly growing medical tourism industry, and investments in mid-tier hospitals from the government are driving the market growth.

Competitive Analysis – The competition in the global foot and ankle devices industry is intense and is primarily characterized by widespread research efforts and fast technological progress. Manufacturers including major and mid-sized companies in the foot and ankle devices and biologics industries are competing with newer products, advanced features, quality, safety, and efficacy. They have partnered with academic institutions and other public and private research organizations that continue to conduct research and development activities. The partnership and collaboration help to develop the product with high productivity, seek patent protection, and establish arrangements for commercializing products that will compete with our products. The market in the developed countries is almost reaching maturity.

The competitive advantage is primarily due to the increase in mergers & acquisitions that have increased the product launch and product portfolio expansion in leading companies. Factors such as price, quality, innovative design and technical capability, scale of operations, clinical results, distribution capabilities, breadth of product line, brand reputation, and strong customer service remains the primary objectives of all the vendors. Most of the vendors are trying to compete by having core competencies and develop strong competitive advantage in the market.

Key Vendors:
  • Johnson & Johnson (DePuy Synthes Inc.)
  • Stryker
  • Zimmer Biomet Holdings, Inc.
  • Smith & Nephew, Inc.
  • Arthrex, Inc.
  • Wright Medical Group N.V.
Key Competitive Facts:
  • The market is highly competitive with all the players competing to gain the market share. Intense competition, rapid advancements in technology, frequent changes in government policies, and the prices are key factors that confront the market.
  • The requirement of high initial investment, implementation, and maintenance cost in the market are also limiting the entry of new players.
  • Responding to competitive pricing pressures specific to each of our geographic markets
  • Protection of proprietary technology for products and manufacturing processes
Benefits – The report provides complete details about the usage and adoption rate of foot and ankle devices. Thus, the key stakeholders can know about the major trends, drivers, investments, vertical player’s initiatives, and government initiatives towards the medical devices segment in the upcoming years along with details of the pureplay companies entering the market. Moreover, the report provides details about the major challenges that are going to impact the market growth. Additionally, the report gives complete details about the key business opportunities to key stakeholders in order to expand their business and capture the revenue in specific verticals, and to analyze before investing or expanding the business in this market.

Key Takeaways:
  • Understanding the potential market opportunity with precise market size and forecast data.
  • Detailed market analysis focusing on the growth of the foot and ankle devices industry.
  • Factors influencing the growth of the foot and ankle devices market.
  • In-depth competitive analysis of dominant and pureplay vendors.
  • Prediction analysis of the foot and ankle devices industry in both developed and developing regions.
  • Key insights related to major segments of the foot and ankle devices market.
  • The latest market trend analysis impacting the buying behavior of the consumers.
Key Stakeholders:


1 Industry Outlook
1.1 Orthopedic Devices
1.1.1 Overview
1.1.2 Geography
1.1.3 Medical Technologies
1.1.4 Increase in Mergers & Acquisitions
1.1.5 Industry Trends
1.2 Healthcare Spending in the US
1.3 Regulatory Bodies & Standards
1.4 Reimbursement Scenario
1.5 Third-party Reimbursement
1.6 Emerging Global Markets
1.7 Patient Demographics
1.8 Definition: Foot and Ankle
1.8.1 Overview
1.8.2 Statistics
1.9 PESTLE Analysis
2 Report Outline
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions
3 Market Snapshot
3.1 Total Addressable Market (TAM)
3.1.1 Importance of Orthopedic Devices
3.2 Segmented Addressable Market (SAM)
3.3 Related Markets
3.3.1 Surgical Devices Market
3.3.2 Biomaterial Market
3.3.3 Arthroscopy Devices Market
3.3.4 Hip Replacement Market
3.3.5 Dental Implant Market
3.3.6 Energy-based Aesthetic Devices Market
3.3.7 Spine Orthopedic Devices Market
3.4 Porter 5 (Five) Forces
4 Market Characteristics
4.1 Market Segmentation, By Product Type
4.1.1 Joint Implants
4.1.2 Support and Braces
4.1.3 Prosthetics
4.1.4 Fixations
4.1.5 Consumables
4.2 Foot and Ankle Devices Market, By Application Type
4.2.1 Osteoporosis
4.2.2 Rheumatoid arthritis
4.2.3 Hammertoe
4.2.4 Bunions
4.2.5 Others
4.3 Market Dynamics
4.3.1 Drivers
4.3.1.1 Increase in the prevalence of osteoporosis
4.3.1.1 Increasing in number of road accidents
4.3.1.2 Increase in number of diabetic foot reconstruction
4.3.1.3 Rise in elderly population
4.3.1.4 Rise in the number of outpatient procedures
4.3.2 Restraints
4.3.2.1 Huge cost of foot and ankle devices
4.3.2.2 Complications and risks associated with foot and ankle procedures
4.3.2.3 Inadequate reimbursement policies
4.3.2.1 Product recall
4.3.2.1 Dearth of skilled professionals
4.3.2.1 Stringent regulatory framework and labeling requirement
4.3.3 Opportunities
4.3.3.1 Technological advancement in foot and ankle devices
4.3.3.2 In-depth transformation in prosthetic care
4.3.3.3 Growing popularity of minimally invasive surgeries
4.3.3.4 Rise in use of biomaterial in ortho-related surgeries
4.3.3.5 Increase in healthcare spending in improvising healthcare facilities
4.3.3.6 Market expansion opportunities in emerging nations
4.3.4 DRO – Impact Analysis
4.4 Key Stakeholders
5 End-Users
5.1 Overview
5.2 Hospitals
5.3 Ambulatory Care
5.4 Trauma Centers
6 Regions
6.1 Overview
6.1.1 North America
6.1.1.1 Market overview
6.1.2 Europe
6.1.2.1 Market overview
6.1.3 APAC
6.1.3.1 Market overview
6.1.4 Rest of the World
6.1.4.1 Market overview
7 Competitive Landscape
7.1 Competitor Comparison Analysis
7.1.1 M&A Analysis
8 Vendor Profiles
8.1 Johnson & Johnson (DePuy Synthes, Inc)
8.1.1 Business Units
8.1.2 Geographic Revenue
8.1.3 Business Focus
8.1.4 SWOT Analysis
8.1.5 Business Strategies
8.2 Zimmer Biomet Holdings, Inc
8.2.1 Overview
8.2.2 Business Units
8.2.3 Geographic Revenue
8.2.4 Business Focus
8.2.5 SWOT Analysis
8.2.6 Business Strategies
8.3 Stryker
8.3.1 Overview
8.3.2 Business Units
8.3.3 Geographic Revenue
8.3.4 Business Focus
8.3.5 SWOT Analysis
8.3.6 Business Strategies
8.4 Smith & Nephew, Inc
8.4.1 Overview
8.4.2 Business Units
8.4.3 Geographic Revenue
8.4.4 Business Focus
8.4.5 SWOT Analysis
8.4.6 Business Strategies
8.5 Arthrex, Inc.
8.5.1 Overview
8.5.2 Business Focus
8.5.3 SWOT Analysis
8.5.4 Business Strategies
8.6 Wright Medical Group N.V.
8.6.1 Overview
8.6.2 Business Units
8.6.3 Geographic Revenue
8.6.4 Business Focus
8.6.5 SWOT Analysis
9 Companies to Watch for
9.1 Orthofix International N.V.
9.1.1 Overview
9.1.2 Key Highlights
9.1.3 Business Strategies
9.2 B. Braun
9.2.1 Overview
9.2.2 Key Highlights
9.2.3 Business Strategies
9.3 OMNIlife Science
9.3.1 Overview
10 Other Vendors
Annexure
 Abbreviations
Tables
TABLE 1 MEDICAL DEVICES BY CATEGORY
TABLE 2 GLOBAL FOOT AND ANKLE DEVICES MARKET BY END-USERS
TABLE 3 GLOBAL FOOT AND ANKLE DEVICES REVENUE BY REGIONS FORECAST, 2019–2025 ($MILLION)
TABLE 4 JOHNSON & JOHNSON (DEPUY SYNTHES, INC): PRODUCT OFFERINGS
TABLE 5 JOHNSON & JOHNSON (DEPUY SYNTHES, INC): RECENT DEVELOPMENTS
TABLE 6 ZIMMER BIOMET HOLDINGS, INC: OFFERINGS
TABLE 7 ZIMMER BIOMET HOLDINGS, INC.: RECENT DEVELOPMENTS
TABLE 8 STRYKER: PRODUCT OFFERINGS
TABLE 9 STRYKER: RECENT DEVELOPMENTS
TABLE 10 SMITH & NEPHEW, INC: RECENT DEVELOPMENTS
TABLE 11 SMITH & NEPHEW, INC: RECENT DEVELOPMENTS
TABLE 12 ARTHREX, INC.: OFFERINGS
TABLE 13 ARTHREX, INC.: RECENT DEVELOPMENTS
TABLE 14 WRIGHT MEDICAL GROUP N.V.: OFFERINGS
TABLE 15 WRIGHT MEDICAL GROUP N.V.: RECENT DEVELOPMENTS
TABLE 16 ORTHOFIX INTERNATIONAL N.V.: SNAPSHOT
TABLE 17 ORTHOFIX INTERNATIONAL: RECENT DEVELOPMENTS
TABLE 18 B. BRAUN: SNAPSHOT
TABLE 19 OMNILIFE SCIENCE: SNAPSHOT
Charts
CHART 1 THIRD PARTY REIMBURSEMENT AND COVERAGE IN MEDICAL DEVICE INDUSTRY
CHART 2 IMPERATIVES OF EMERGING MARKETS
CHART 3 US POPULATION DISTRIBUTION BY AGE 2017
CHART 4 US HEALTHCARE CONSUMPTION BY AGE 2017
CHART 5 WORLD POPULATION AGED 65 YEARS AND ABOVE, 1960–2060 (%)
CHART 6 MUSCULOSKELETAL DISORDERS DISTRIBUTION BY AGE 2018
CHART 7 PESTLE ANALYSIS OF FOOT AND ANKLE DEVICES MARKET
CHART 8 RESEARCH METHODOLOGY OF GLOBAL FOOT AND ANKLE DEVICES MARKET
CHART 9 GLOBAL FOOT AND ANKLE DEVICES MARKET REVENUE, 2018–2025 ($MILLION)
CHART 10 FOOT AND ANKLE MARKET OUTLOOK
CHART 11 OPPORTUNITY ANALYSIS
CHART 12 PORTERS 5 FORCES ON FOOT AND ANKLE DEVICES MARKET
CHART 13 GLOBAL FOOT AND ANKLE DEVICES MARKET SEGMENTATION
CHART 14 GLOBAL FOOT AND ANKLE DEVICES MARKET 2018-2025
CHART 15 GLOBAL FOOT AND ANKLE DEVICES MARKET OVERVIEW BY PRODUCTS 2018 ($MILLION)
CHART 16 JOINT IMPLANTS MARKET, 2018–2025 ($MILLION)
CHART 17 SUPPORT AND BRACES MARKET, 2018–2025 ($MILLION)
CHART 18 PROSTEHTICS MARKET, 2018–2025 ($MILLION)
CHART 19 FIXATIONS MARKET, 2018–2025 ($MILLION)
CHART 20 CONSUMABLES MARKET, 2018–2025 ($MILLION)
CHART 21 GLOBAL FOOT AND ANKLE DEVICES MARKET SEGMENTATION BY PRODUCT, 2018–2025 ($MILLION)
CHART 22 GLOBAL FOOT AND ANKLE DEVICES MARKET SEGMENTATION BY PRODUCT, 2018–2025 (%)
CHART 23 GLOBAL FOOT AND ANKLE DEVICES MARKET SEGMENTATION
CHART 24 GLOBAL FOOT AND ANKLE DEVICES MARKET SEGMENTATION IN 2018 (%)
CHART 25 MARKET DYNAMICS – DRIVERS, RESTRAINTS & OPPORTUNITIES
CHART 26 DRO - IMPACT ANALYSIS OF ARTHROSCOPY DEVICES MARKET
CHART 27 KEY STAKEHOLDERS
CHART 28 GLOBAL FOOT AND ANKLE DEVICES MARKET BY END-USER SEGMENTATION, 2018 (%)
CHART 29 GLOBAL FOOT AND ANKLE DEVICES MARKET BY GEOGRAPHICAL SEGMENTATION, 2018 AND 2025 (%)
CHART 30 GLOBAL FOOT AND ANKLE DEVICES MARKET OVERVIEW BY REGIONS 2018 ($MILLION)
CHART 31 FOOT AND ANKLE DEVICES MARKET REVENUE IN NORTH AMERICA, 2018-2025 ($MILLION)
CHART 32 FOOT AND ANKLE DEVICES MARKET REVENUE IN THE EUROPE, 2018–2025 ($MILLION)
CHART 33 FOOT AND ANKLE DEVICES MARKET REVENUE IN THE APAC, 2018–2025 ($MILLION)
CHART 34 FOOT AND ANKLE DEVICES REVENUE IN THE REST OF THE WORLD, 2018–2025 ($MILLION)
CHART 35 GLOBAL FOOT AND ANKLE DEVICES MARKET SEGMENTATION BY GEOGRAPHY, 2018–2025 ($MILLION)
CHART 36 GLOBAL FOOT AND ANKLE DEVICES MARKET SEGMENTATION BY GEOGRAPHY, 2018–2025 (%)
CHART 37 JOHNSON & JOHNSON (DEPUY SYNTHES, INC): OVERVIEW SNAPSHOT
CHART 38 JOHNSON & JOHNSON (DEPUY SYNTHES, INC): BUSINESS UNITS
CHART 39 JOHNSON & JOHNSON (DEPUY SYNTHES, INC): GEOGRAPHIC REVENUE
CHART 40 JOHNSON & JOHNSON (DEPUY SYNTHES, INC): SWOT ANALYSIS
CHART 41 ZIMMER BIOMET HOLDINGS, INC.: OVERVIEW SNAPSHOT
CHART 42 ZIMMER BIOMET HOLDINGS, INC.: BUSINESS UNITS
CHART 43 ZIMMER BIOMET HOLDINGS, INC.: GEOGRAPHIC REVENUE
CHART 44 ZIMMER BIOMET HOLDINGS, INC.: SWOT ANALYSIS
CHART 45 STRYKER: OVERVIEW SNAPSHOT
CHART 46 STRYKER: BUSINESS UNITS
CHART 47 STRYKER: GEOGRAPHIC REVENUE
CHART 48 STRYKER: SWOT ANALYSIS
CHART 49 SMITH & NEPHEW, INC: OVERVIEW SNAPSHOT
CHART 50 SMITH & NEPHEW, INC: BUSINESS UNITS
CHART 51 SMITH & NEPHEW, INC: GEOGRAPHIC REVENUE
CHART 52 SMITH & NEPHEW, INC: SWOT ANALYSIS
CHART 53 ARTHREX, INC.: OVERVIEW SNAPSHOT
CHART 54 ARTHREX, INC.: SWOT ANALYSIS
CHART 55 WRIGHT MEDICAL GROUP N.V.: OVERVIEW SNAPSHOT
CHART 56 WRIGHT MEDICAL GROUP N.V.: BUSINESS UNITS
CHART 57 WRIGHT MEDICAL GROUP N.V.: GEOGRAPHIC REVENUE
CHART 58 WRIGHT MEDICAL GROUP N.V.: SWOT ANALYSIS

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report