North America Foot and Ankle Devices Market Size, Share & Industry Trends Analysis Report By Application (Trauma, Osteoarthritis, Rheumatoid Arthritis, Hammertoe, Osteoporosis, Neurological Disorders and Bunions), By Product, By Country and Growth Forecast, 2022 - 2028
The North America Foot And Ankle Devices Market would witness market growth of 6.0% CAGR during the forecast period (2022-2028).
The main drivers of the market growth include the aging population as well as the increasing frequency of joint issues like arthritis, foot ulcers, fractures, and bunions. In addition, the market is also anticipated to develop due to rising rates of diabetes and foot-related ailments and technological improvements. The need for foot and ankle devices is driven by the increase in traffic accidents and the popularity of sports. In addition, fractures are more likely due to urbanization in developing markets. Also, sports-related injuries have risen in addition to professional athletic events around the world. As a result, the most common injury in the world is an ankle sprain.
Additionally, advantages such as greater patient comfort, ease of use, higher efficacy, and better affordability compared to conventional products have increased the demand for foot and ankle devices. Furthermore, the growing emphasis of major market players on the development of technologically advanced products for the treatment of various foot and ankle deformities and disorders, as well as the need to meet unmet market needs, have positively impacted the development of the market.
The US is a significant contributor to growth due to the increased prevalence of diabetes, conditions that affect the feet, and technical developments in foot and ankle procedures. Injuries caused by sports or other leisure activities occur to more than 3.5 million youngsters in the United States each year, according to a report from John Hopkins Medicine. Falls, being struck by an object, overexertion, and collisions are the most common accidents during unorganized or informal sports activities. As a result, the health of the ankles, feet, legs, ankles, and elbows is of great importance. The market in North America will therefore have strong growth in the coming years due to the aforementioned variables.
The US market dominated the North America Foot And Ankle Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,868.6 million by 2028. The Canada market is poised to grow at a CAGR of 8.4% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 7.5% during (2022 - 2028).
Based on Application, the market is segmented into Trauma, Osteoarthritis, Rheumatoid Arthritis, Hammertoe, Osteoporosis, Neurological Disorders and Bunions. Based on Product, the market is segmented into Orthopedic Fixation, Joint Implants, Bracing & Support, Prosthetics and Soft Tissue Orthopedic Devices. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
Scope of the Study
Market Segments covered in the Report:
By Application
- Trauma
- Osteoarthritis
- Rheumatoid Arthritis
- Hammertoe
- Osteoporosis
- Neurological Disorders
- Bunions
- Orthopedic Fixation
- Joint Implants
- Bracing & Support
- Prosthetics
- Soft Tissue Orthopedic Devices
- US
- Canada
- Mexico
- Rest of North America
- 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.
- Orthofix Medical, Inc.
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Foot And Ankle Devices Market, by Application
- 1.4.2 North America Foot And Ankle Devices Market, by Product
- 1.4.3 North America Foot And Ankle Devices Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition & Scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.2.4 Approvals & Trials
- 3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
- 3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2019, Feb – 2023, Jan) Leading Players
- Chapter 4. North America Foot And Ankle Devices Market by Application
- 4.1 North America Trauma Market by Country
- 4.2 North America Osteoarthritis Market by Country
- 4.3 North America Rheumatoid Arthritis Market by Country
- 4.4 North America Hammertoe Market by Country
- 4.5 North America Osteoporosis Market by Country
- 4.6 North America Neurological Disorders Market by Country
- 4.7 North America Bunions Market by Country
- Chapter 5. North America Foot And Ankle Devices Market by Product
- 5.1 North America Orthopedic Fixation Market by Country
- 5.2 North America Joint Implants Market by Country
- 5.3 North America Bracing & Support Market by Country
- 5.4 North America Prosthetics Market by Country
- 5.5 North America Soft Tissue Orthopedic Devices Market by Country
- Chapter 6. North America Foot And Ankle Devices Market by Country
- 6.1 US Foot And Ankle Devices Market
- 6.1.1 US Foot And Ankle Devices Market by Application
- 6.1.2 US Foot And Ankle Devices Market by Product
- 6.2 Canada Foot And Ankle Devices Market
- 6.2.1 Canada Foot And Ankle Devices Market by Application
- 6.2.2 Canada Foot And Ankle Devices Market by Product
- 6.3 Mexico Foot And Ankle Devices Market
- 6.3.1 Mexico Foot And Ankle Devices Market by Application
- 6.3.2 Mexico Foot And Ankle Devices Market by Product
- 6.4 Rest of North America Foot And Ankle Devices Market
- 6.4.1 Rest of North America Foot And Ankle Devices Market by Application
- 6.4.2 Rest of North America Foot And Ankle Devices Market by Product
- Chapter 7. Company Profiles
- 7.1 Stryker Corporation
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expense
- 7.1.5 Recent strategies and developments:
- 7.1.5.1 Product Launches and Product Expansions:
- 7.1.5.2 Acquisition and Mergers:
- 7.2 DePuy Synthes (Johnson & Johnson)
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental &Regional Analysis
- 7.2.4 Research & Development Expenses
- 7.2.5 Recent strategies and developments:
- 7.2.5.1 Acquisition and Mergers:
- 7.3 Zimmer Biomet Holdings, Inc.
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Regional Analysis
- 7.3.4 Research & Development Expense
- 7.3.5 Recent strategies and developments:
- 7.3.5.1 Partnerships, Collaborations, and Agreements:
- 7.3.5.2 Product Launches and Product Expansions:
- 7.3.5.3 Acquisition and Mergers:
- 7.4 Smith & Nephew PLC
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Regional and Segmental Analysis
- 7.4.4 Research & Development Expense
- 7.4.5 Recent strategies and developments:
- 7.4.5.1 Product Launches and Product Expansions:
- 7.4.5.2 Acquisition and Mergers:
- 7.5 Ossur Hf.
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental and Regional Analysis
- 7.5.4 Research & Development Expense
- 7.5.5 Recent strategies and developments:
- 7.5.5.1 Product Launches and Product Expansions:
- 7.5.5.2 Acquisition and Mergers:
- 7.6 Enovis Corporation
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental and Regional Analysis
- 7.6.4 Research & Development Expenses
- 7.6.5 Recent strategies and developments:
- 7.6.5.1 Product Launches and Product Expansions:
- 7.6.5.2 Acquisition and Mergers:
- 7.6.5.3 Approvals & Trials:
- 7.7 Acumed LLC (Colson Medical, Inc.)
- 7.7.1 Company Overview
- 7.7.2 Recent strategies and developments:
- 7.7.2.1 Product Launches and Product Expansions:
- 7.8 Arthrex, Inc.
- 7.8.1 Company Overview
- 7.8.2 Recent strategies and developments:
- 7.8.2.1 Product Launches and Product Expansions:
- 7.9 Paragon 28, Inc.
- 7.9.1 Company Overview
- 7.9.2 Financial Analysis
- 7.9.3 Regional Analysis
- 7.9.4 Research & Development Expenses
- 7.9.5 Recent strategies and developments:
- 7.9.5.1 Product Launches and Product Expansions:
- 7.9.5.2 Acquisition and Mergers:
- 7.10. Orthofix Medical, Inc.
- 7.10.1 Company Overview
- 7.10.2 Financial Analysis
- 7.10.3 Segmental and Regional Analysis
- 7.10.4 Research & Development Expenses
- 7.10.5 Recent strategies and developments:
- 7.10.5.1 Product Launches and Product Expansions:
- 7.10.5.2 Approvals & Trials:
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