The global foot and ankle devices market to grow at a CAGR of 9.01% during the period 2017-2021.
The report, Global Foot and Ankle Devices Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is R&D and new product launches. With advances in technology, companies are focusing on developing products that provide faster recovery and rehabilitative measures for injuries caused due to sports and physical activities. There has been an increased focus on R&D activities and technologies to develop innovative products catering to specific needs of the customers.
According to the report, one of the major drivers for this market is rising prevalence of degenerative bone diseases. Around the globe, degenerative bone diseases are increasing rapidly, driven by a rise in the number of older population and changes in lifestyle. The increase in older population leads to degenerative bone diseases and multiple joint problems such as arthritis, joint pain, fractures, and bunions. As the age of the person increases, the bones' strength decreases.