Dallas, TX -- (ReleaseWire) -- 10/18/2012 -- The foot & ankle segment is one of the largest in the extremity market. It includes the musculature from the ankle joint or the tibiofibular-talus joint and includes muscles, ligaments, and tendons associated with the forefoot, mid-foot, and hind-foot.
This market includes orthopedic devices used in ligament repair and reconstruction procedures, internal fixation (ORIF), joint replacement, arthrodesis, and arthroscopy. Sub-talar joint replacement is also gaining strength due to the rise of uncommon phalanx joint conditions such as hammertoe. The report "Foot & Ankle Devices Market (2012 – 2017) by Products, Application Area (External Fixation, Internal Fixation, Joint Replacement, Forefoot, Midfoot, Hindfoot, Prosthesis, Bracing) – Global Trends and Competitive Analysis" estimates the market for internal fixation devices such as compression, buttress plates, screws, rods and wires. It also estimates the market for complete joint replacement for the ankle and other minor joint areas. The total ankle joint replacement procedures are around 50,000 annually in the United States alone. Around 40% of fractures require surgical intervention by placing a permanent support to the bone, and advances in implant device design such as ankle replacement, have made surgery a feasible option for many people.
The foot & ankle market also includes two other segments, namely, prosthetics, and bracing and support. Foot & ankle prosthetics has gained a significant amount of footing since the introduction of technologically advanced devices and materials such as the pneumatic foot, carbon fiber, microprocessor-controlled, and hydraulic controlled prosthetic feet. Bracing and support consists of a large range of devices, utilized on the basis of type of injury. Braces are available for minor strains and twists, along with heavy-duty braces for postoperative recuperation.
The main drivers for the foot & ankle devices market are the rise in sports injuries, which commonly involve serious ankle injuries, increasing incidences of road accidents, and rise in rate of diabetes, which leads to the deterioration of foot & ankle area caused by large sores and infections. The foot & ankle extremity market will grow substantially in the coming decade with advances in technology.
The key players in the foot & ankle devices market are Wright Medical (U.S.), DePuy Synthes (U.S.), Arthrex (U.S.), Integra (U.S.), Tornier (U.S.), Stryker (U.S.), Smith & Nephew (U.K.), Acumed (U.S.), Vilex (U.S.), Zimmer Holdings (U.S.), Biomet (U.S.), BioPro (U.S.), among a large number of niche players such as Orthofix (U.S.), OrthoHelix (U.S.), Small Bone Innovations (U.S.), and Mondeal (U.K.).
Scope of the Report
The research report categorizes the global foot & ankle devices market into Orthopedic Implants and Devices, Prosthetics, and Bracing & Support. These markets are broken down into sub-segments, providing exhaustive analysis. Each market is comprehensively analyzed at the granular level by geography (North America, Europe, Asia-Pacific, and Rest of the World) to provide in-depth information on the global scenario.
Global Foot & Ankle Devices Market, By Products
- Orthopedic Implants and Devices
- Fixation Devices
- Internal Fixation Devices
- External Fixation Devices
- Joint Implants
- Total Ankle Replacement
- Sub-talar Joint Replacement
- Phalangeal Implants
- Soft Tissue Orthopedic Devices
- Artificial Tendons & Ligaments
- Musculoskeletal Reinforcement
- Solid Ankle Cushioned Heel (SACH)
- Single-Axis Prosthesis
- Multi-Axis Prosthesis
- Pneumatic & Hydraulic Prosthesis
- Microprocessor Controlled Prosthesis
Bracing and Support
- Soft Bracing
- Hinged Braces
Foot & Ankle Devices Market, By Geography
- North America
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