PUNE, India, September 14, 2015 /PRNewswire/ --
According to a new market research report "Foot and Ankle Devices Market by Product (Orthopedic Implants (External Fixation, Internal Fixation), Prostheses, Bracing), by Cause of Injury (Diabetes, Rheumatoid Arthritis, Osteoporosis, Osteoarthritis, Trauma, Bunions) - Trends & Global Forecasts to 2020", published by MarketsandMarkets, The Foot and Ankle Devices Market is expected to reach USD 5.41 Billion by 2020, at a CAGR of 7.2% during the forecast period.
Browse 127 Tables and 40 Figures spread through 194 Pages and in-depth TOC on "Foot and Ankle Devices Market"
Early buyers will receive 10% customization on reports.
This report studies the global foot and ankle devices market for the forecast period of 2015 to 2020. This market is expected to reach USD 5.41 Billion by 2020 from USD 3.82 Billion in 2015 at a CAGR of 7.2% during the forecast period.
The global foot and ankle devices market is segmented on the basis of products, applications, and regions.
Ask for PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=845
Based on products, the foot and ankle devices market is categorized into orthopedic implants and devices, prostheses, and bracing and support devices. In 2015, the orthopedic implants and devices segment is estimated to account for the major share of the foot and ankle devices market.
Based on the cause of injury, the market is segmented into trauma, diabetes, neurological disorders, and others (osteoporosis, rheumatoid arthritis, osteoarthritis, hammertoe, and bunions). In 2015, the others segment is estimated to account for the major share of the foot and ankle devices market.
On the basis of regions, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World (RoW), which comprises Latin America, Africa, and the Middle East. In 2015, North America accounted for the largest share of the foot and ankle devices market, followed by Europe, Asia-Pacific, and the RoW. However, the Asia-Pacific market is slated to grow at the highest CAGR during the forecast period and serves as a revenue pocket for companies offering foot and ankle devices.
Growth in the number of sports injuries, expected global rise in the prevalence of diabetes, rising prevalence of arthritis in Australia and the U.S., regular entry of new products in the market, and rising geriatric population resulting in the growing incidence of bone injuries are the major factors driving this market. On the other hand, the high cost of some foot and ankle devices and excise tax on medical devices in the U.S. and are expected to restrain the growth of the market. In addition to this, a lack of trained professionals is a major challenge for the global foot and ankle devices market. However, the introduction of biologics to treat foot and ankle disorders, coupled with expansion & penetration in Brazil, Russia, India, China, and South Africa, are posing lucrative opportunities for the foot and ankle devices market.
Some major players in the global Foot and Ankle Devices Market include Stryker Corporation (U.S.), Arthrex, Inc. (U.S.), Zimmer Biomet Holdings, Inc. (U.S.), Smith & Nephew plc (U.K.), Wright Medical Technology, Inc. (U.S.), Integra LifeSciences Holdings Corporation (U.S.), Tornier N.V. (Netherlands), Össur (Iceland), Acumed, LLC (U.S.), and Extremity Medical, LLC (U.S.)
Browse Related Reports:
Surgical Imaging Market by Product (Mobile C-arm/ Mini C-arm) & by Application (Orthopedic and Trauma/Neurosurgery/Cardiovascular/Hand and Wrist/ Foot and Ankle/ Pediatric) - Competitive Landscape, Global Forecasts & Trends to 2019
Biomaterials Market [By Products (Polymers, Metals, Ceramics, Natural Biomaterials) & Applications (Cardiovascular, Orthopedic, Dental, Plastic Surgery, Wound Healing, Tissue Engineering, Ophthalmology, Neurology Disorders)] - Global Forecasts to 2017
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/healthcare/medical-devices
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets