$3.4 Bn Foot And Ankle Devices Market, 2025
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Further Key Findings From the Study Suggest:
The global foot and ankle devices market is expected to reach
USD 3.4 billion by 2025
The market is expected to observe an exponential growth during the forecast period due to the rising incidence of ankle sprains, hammertoe, bunions, osteoporosis and rheumatoid arthritis.
Ankle fractures are one of the most common types of foot injury. Nearly 170,000 people suffer from ankle fractures per year, which require surgical treatment. It is one of the nine most common fractures. This can be attributed to the relatively small surface area of contact in the ankle and the 1.5 times higher body weight on it at rest & 5.5 times higher forces in case of heavy activity. This makes the long-term viability of ankle joints crucial.
Nearly 50,000 patients are diagnosed with end-stage ankle arthritis per year, wherein the ankle cartilage is worn out, causing painful bone-on-bone contact and disability. These patients are recommended total ankle replacements as opposed to ankle fusion, as it provides higher efficacy, thus driving the market. Favorable reimbursement scenario for joint replacements is one the major contributors to its market growth. Medicare, along with some private insurers, reimburses the procedure.
Key Topics Covered:
Chapter 1 Executive Summary
1.1 Market Snapshot
Chapter 2 Research Methodology
2.1 Information Procurement
2.2 Data Analysis
Chapter 3 Foot And Ankle Devices Market Variables, Trends & Scope
3.1 Market Segmentation and Scope
3.1.1 Market Driver Analysis
3.1.1.1 Increasing expenditure on research and development (R&D) by industry players
3.1.1.2 Increasing geriatric population
3.1.1.3 Increasing prevalence of target disease
3.1.1.4 Rising incidence rate of road accidents
3.1.2 Market Restraint Analysis
3.1.2.1 Uncertainty in regulatory reforms
3.1.2.2 High cost of devices
3.2 Penetration & Growth Prospects Mapping
3.3 Foot and Ankle Devices Market - PESTLE Analysis
3.4 Industry Analysis - Porter's
Chapter 4 Foot And Ankle Devices :Product Estimates & Trend Analysis
4.1 Foot And Ankle Devices Market: Product Movement Analysis
4.2 Bracing and Support
4.3 Joint Implants
4.4 Soft Tissue Orthopedic Devices
4.5 Orthopedic Fixation
4.6 Prosthetics
Chapter 5 Foot And Ankle Devices: Application Estimates & Trend Analysis
5.1 Foot and Ankle Devices Market: Application Movement Analysis
5.2 Hammertoe
5.3 Trauma
5.4 Osteoarthritis
5.5 Rheumatoid Arthritis
5.6 Neurological Disorders
5.7 Bunions
5.8 Osteoporosis
Chapter 6 Foot And Ankle Devices: Regional Estimates & Trend Analysis, by Product and Application
Chapter 7 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/gpnt3k/3_4_bn_foot_and?w=5
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