Market Revenue Foot and Ankle Devices Industry Segmentation, Size

Foot and Ankle Devices Industry Segmentation, Size and Growth
Prospects, Share Forecast 2025
“Foot and Ankle Devices Market size is expected to value at USD 3.4 billion by
2025. The market is subject to witness a substantial growth due to the rise in
elderly population and increase in the occurrence of target diseases like
osteoporosis.”
The global Foot and Ankle Devices Market size is expected to value at USD 3.4 billion by 2025. The market is
subject to witness a substantial growth due to the rise in elderly population and increase in the occurrence of
target diseases like osteoporosis. Globally, the foot & ankle devices market is predicted to grow at a CAGR of
10.1% in forecast period, providing numerous opportunities for market players to invest for research and
development in the market. Osteoporosis is primary cause of reduced bone density, thus inducing fractures
even with minor form of injury or trauma. As many as nine million people have been reported that are suffering
from the osteoporosis disease on annual basis across the globe. Such factors are causing osteoporotic fracture
every three seconds. Prime victims of the disease are menopausal women. As recent reports suggest, one out
of three women above the age of fifty experiences an osteoporotic fracture.
These factors are responsible for the growth of foot & ankle devices industry, thus creating lucrative
opportunities for market players, in recent years. Additionally, rise in the number of road accidents and sports
injuries are further propelling demand of the foot and ankle devices. Growing number of cases of sports injuries
are attributed to rise in the professional sporting activities all across the globe. Commonly occurring sports injury
is an ankle sprain, which is an injury to the ligaments in the ankle. The foot and ankle devices industry devices
are categorized into major five types such as bracing &support devices, joint implant equipment, soft tissue
orthopedic instruments, intramedullary fixation devices, and artificial limbs. Rise in the demand of the joint
implants is attributed to factors such as longer life expectancy and the desire to stay active.
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