Increasing geriatric population and rising cases of injuries is expected to drive the United States foot & ankle devices market for the forecast period.
The COVID-19 outbreak across the world which has been declared as pandemic by World Health Organization has affected countries adversely. Leading authorities in United States imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. Coronavirus affected patients started suffering from shortness of breath along with coughing and sneezing. United States authorities increased the capacity of hospitals as a greater number of patients were getting affected daily and getting admitted into the hospital facilities. Patients felt reluctant to hospital facilities for elective surgical procedures which resulted in decline in sales of the foot & ankle devices market. Also, non-availability of sufficient hospital staff and other amenities as majority of resources are being used for treatment procedures is expected to adversely affect the market growth.
However, high cost for foot and ankle devices and unavailability of sufficient reimbursement policies for surgical procedures may create hindrance in the growth of the foot & ankle devices market.
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United States foot & ankle devices market is segmented into product type, procedure, application, end user, regional distribution, and company. Based on procedure, market can be divided into osteotomy, fracture repair, fusion procedures, and others. The fracture repair segment is expected to account for major market share for the forecast period, 2022-2026. Foot & ankle fractures result either due to trauma or injury to the bone. Rise in the number of foot & ankle fractures coupled with launch of advanced medical devices is expected to boost the foot & ankle devices market growth. Based on product type, market can be further divided into joint implants, fixation devices, soft tissue orthopaedic devices, bracing & support devices, and prostheses.
The soft tissue orthopaedic devices are expected to witness growth during the predicted period on account of rising incidence of diabetes, launch of new products by market players. Rising adoption of branded orthopaedic devices due to better quality and lower risk associated with it is expected to accelerate the growth of the market. Based on application, market can be fragmented into trauma & hair line fractures, rheumatoid arthritis & osteoarthritis, diabetic foot diseases, ligament injuries, and others. The trauma & hair line fractures products segment is expected to dominate the market through the next five years. Rising foot and ankle reconstruction procedures and high number of injuries due to sports or road accidents is expected to bolster the demand for foot & ankle devices market.
Johnson & Johnson (DePuy Synthes Companies), Stryker Corporation, Zimmer Biomet Holdings, Inc, Arthrex Inc, Integra LifeSciences Holdings Corporation, DJO Finance, LLC (DJO Global), CONMED Corporation, Orthofix Medical Inc., Acumed LLC, Ottobock USAare the leading players operating in United States foot & ankle devices market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several foot & ankle devices manufacturers are coming up with their technologically advanced offerings.
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“Market players are investing huge amounts to advance the technology used in medical devices including use of 3D printing to print customized implants and fixation systems for precise and effective treatment. Usage of bioresorbable implants which are generally made up of polymers of poly-alpha-hydroxy acids degenerate after fulfilling their function which removes the necessity for second operation which is done for removal process of the metal present inside the body. Technological advancements along with huge healthcare expenditure in United States is expected to propel the growth of the foot & ankle devices market until 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Foot & Ankle Devices Market By Product Type (Joint Implants, Fixation Devices, Soft Tissue Orthopedic Devices, Bracing & Support Devices, Prostheses) By Procedure (Osteotomy, Fracture Repair, Fusion Procedures, Others) By Application (Trauma & Hair line Fractures, Rheumatoid Arthritis & Osteoarthritis, Diabetic Foot Diseases, Ligament Injuries, Others) By End User (Hospitals, Ambulatory Surgery Centers, Orthopedic Clinics, Rehabilitation Centers) By Company, By Region, Forecast & Opportunities, 2026” has evaluated the future growth potential of United States foot & ankle devices market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of United States foot & ankle devices market.
Browse Related Reports:
Global Foot & Ankle Devices Market By Product Type (Joint Implants, Fixation Devices, Soft Tissue Orthopedic Devices, Bracing & Support Devices, Prostheses) By Procedure (Osteotomy, Fracture Repair, Fusion Procedures, Others) By Application (Trauma & Hair line Fractures, Rheumatoid Arthritis & Osteoarthritis, Diabetic Foot Diseases, Ligament Injuries, Others) By End User (Hospitals, Ambulatory Surgery Centers, Orthopedic Clinics, Rehabilitation Centers) By Region, Competition Forecast & Opportunities, 2026
https://www.techsciresearch.com/report/foot-and-ankle-devices-market/7342.html
Global Trauma Devices Market By Type (Internal Fixators {Plates & Screws, Rods & Pins, Others} v/s External Fixators {Uniplanar & Biplanar Fixators, Circular Fixators, Hybrid Fixators}) By Surgical Site (Upper Extremity {Hand & Wrist, Shoulder, Arm, Elbow} v/s Lower Extremity {Hip & Pelvis, Lower Leg, Foot & Ankle, Others}) By End User (Hospitals & Clinics, Ambulatory Care Center, Others) By Region, Competition Forecast & Opportunities, 2026
https://www.techsciresearch.com/report/trauma-devices-market/7467.html
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