Fracture Repair Procedure Segment to Dominate the United States Foot & Ankle Devices Market
Increasing geriatric population and
rising cases of injuries is expected to drive the United States foot &
ankle devices market for the forecast period.
According to TechSci Research report, “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”, United States foot & ankle devices market is expected
to witness significant growth for the next five years. Foot & ankle devices
are used for treatment of injuries caused due to prevalence of various foot
relate disorders and diseases including diabetic food, bunions, osteoarthritis,
osteoporosis, hammertoes, rheumatoid arthritis, among others. Various other
diseases such as neurological disorders and trauma may require the assistance
of these medical devices for treatment.
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.
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