According to a new report, published by KBV research, The Global Foot And Ankle Devices Market size is expected to reach $6.1 billion by 2028, rising at a market growth of 7.1% CAGR during the forecast period.
The Osteoarthritis segment is showcasing a CAGR of 6.8% during (2022 - 2028). Osteoarthritis is a frequent chronic long-term joint condition. The segment's growth is anticipated to be fueled by the world's aging population, increasing rates of lifestyle diseases, as well as an increase in OA instances. Like other forms of arthritis, this form of arthritis also impacts the joints of body particularly wrists, ankles, and knees.
The Orthopedic Fixation segment is leading the Global Foot And Ankle Devices Market by Product in 2021 thereby, achieving a market value of $2.1 billion by 2028. The increasing frequency of ankle fractures is driving up the demand for orthopedic fixation. In addition, those who suffer from lower extremity fractures more frequently use foot and ankle devices. Additionally, it is projected that segment expansion would be fueled by the growing use of branded orthopedic devices in developing countries due to their higher quality and decreased risk of Surgical Site Infection (SSI), paired with the rising number of new product launches.
The North America market dominated the Global Foot And Ankle Devices Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.6 billion by 2028. The Europe market is experiencing a CAGR of 7.3% during (2022 - 2028). Additionally, The Asia Pacific market would display a CAGR of 8% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/foot-and-ankle-devices-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Stryker Corporation, DePuy Synthes (Johnson & Johnson), Zimmer Biomet Holdings, Inc., Smith & Nephew PLC, Ossur Hf., Enovis Corporation, Acumed LLC (Colson Medical, Inc.), Arthrex, Inc., Paragon 28, Inc. and Orthofix Medical, Inc.
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