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Foot and Ankle Braces Market

Foot and Ankle Braces Market

Foot and Ankle Braces Market Analysis By Product (Bracing & Support Devices, Joint Implants, Soft Tissue, Orthopedic Devices, Orthopedic Fixation Devices & Prosthetics) By Application, By End-User and Region – Global Market Insights 2022 to 2027

Foot and Ankle Braces Market
FACT7687MR
  • Sep-2022
  • List of Tables : 84
  • List of Figures : 112
  • 170 Pages
  • Healthcare

Foot and Ankle Braces Market Outlook (2022-2027)

The global foot and ankle braces market is currently valued at US$ 844.7 million and is predicted to expand rapidly at a CAGR of 7% to reach US$ 1.18 billion by 2027.

Sales of foot and ankle braces in China are expected to increase even faster than the global average at 11% CAGR, with the market expected to reach US$ 261 million by 2027.

Report Attributes

Details

Foot and Ankle Devices Market Size (2022E)

US$ 844.7 million

Forecasted Market Value (2027F)

US$ 1.18 billion

Global Market Growth Rate (2022-2027)

7% CAGR

China Market Growth Rate (2022-2027)

11% CAGR

Key Companies Profiled

  • 3M
  • Alex Orthopedic
  • Bell-Horn
  • Bio Skin
  • Brownmed
  • Darco
  • DJO LLC
  • Essential Medical
  • Florida Orthopaedic Institute
  • Mabis Healthcare
  • Ottobock SE & Co. KGaA
  • DePuy Synthes Companies
  • Stryker Corporation
  • Zimmer Biomet Holdings, Inc
  • Smith & Nephew plc
  • Arthrex Inc
  • Integra LifeSciences Holdings Corporation

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Revenue Analysis of Foot and Ankle Braces (2017-2021) Vs. Market Forecasts (2022-2027)

To treat different foot and ankle fractures brought on by conditions such asarthritis, bunions, diabetic foot, hammertoes, and other orthopedic illnesses, foot and ankle devices are used. These medical tools can also be used to replace a foot that has been amputated, congenitally deformed, or lost due to trauma or another event.

Devices for ligament reconstruction and repair, such as joint replacement, arthrodesis, and internal fixation, are included in the foot and ankle devices category.

  • The International Osteoporosis Foundation recently published statistics showing that 1 in 3 women and 1 in 5 men over 50 years of age may have an osteoporotic fracture during their lifetime.

Improper lifting techniques can cause bulging or ruptured discs, scoliosis, and stress-related foot and back discomfort. Thus, the demand for back, foot, and ankle supports is rising.

Global demand for orthopedic leg braces and other braces is being fuelled by an increase in the frequency of foot-related issues, which is good news for orthopedic braces and supports the industry as a whole.

Rise in prevalence of bone degenerative diseases, an increase in demand for orthopedic braces among the elderly population, affordable product prices, accessibility of orthopedic braces, an increase in the number of orthopedic surgeries, an increase in sports participation, and use of orthopedic braces as preventive care are all factors driving global OTC orthopedic braces market.

Expanding at a high-value CAGR of 7%, the global foot and ankle braces market is projected to reach US$ 1.18 billion by 2027, says Fact.MR, a market research and competitive intelligence provider.

Foot and ankle braces market forecast by Fact.MR

Which Factors are Positively Shaping Demand for Foot and Ankle Solutions?

“Rising Cases of Sports & Road Injuries across the World”

Obesity and diabetes co-morbidities are increasing at a rapid rate, which raises the risk of degenerative joint diseases, particularly in older people. Such factors will promote the sales of joint reconstruction devices.

Injuries related to sports and fitness are on the rise as young people participate in these activities at a higher rate. This has increased the demand for joint implants globally.

Sales of foot and ankle devices are being further fuelled by an increase in traffic accidents and sporting events. Also, as professional athletic competition has increased, so too have sports-related injuries. Around the world, an ankle sprain is the most frequent injury.

  • Out of 239,943 injuries treated in emergency rooms at U.S. hospitals, 79,384 were strains and sprains, 48,806 were fractures, and 5,401 were dislocations, according to Health City Cayman Islands.

Furthermore, factors that fuel orthopedic braces and supports market growth include a rise in the number of orthopedic disorders or injuries such as osteoarthritis and arthritis as well as the quick increase in the population of geriatrics who are more susceptible to orthopedic disorders.

Market expansion is also supported by technological Innovations in foot and ankle braces such as robot-assisted surgical instruments, acceptance of implantable medical equipment, and increasing use of orthopedic implants to cure musculoskeletal, orthopedic illnesses, & injuries.

An Adaptive Approach to Modern-day Research Needs

What’s Denting the Sales of Foot and Ankle Braces to Some Extent?

“Chances of Getting Infected by Metals Used in Implants May Hamper Foot & Ankle Implant Sales”

There are various limits and challenges encountered that would restrain foot and ankle devices market size. Use of orthopedic implants and devices carries several dangers, including the discomfort experienced during implant and device placement.

Other important hazards include infections at the surgical site. Typically, metal or metal alloys such as cobalt, nickel, chromium, and/or titanium are used to create foot and ankle devices. Once implanted, equipment or medical devices containing or constructed of these metals can cause urticaria, dermatitis, eczematous, and vasculitis, among other sensitivities and infections.

Osteolysis, discomfort, and the aseptic loosening of implanted metal hardware are some effects of metal sensitivity. These could impede sales of foot and ankle devices from expanding overall.

Will Advanced Technologies Help New Entrants Gain High Market Share?

“Adoption of Smart Technologies in Orthopedic Implants Will Generate High Revenue Streams”

Leading suppliers of orthopedic braces and supports are putting more emphasis on creating smart technology-adjustable orthotics. Smart orthopedic devices have lately been introduced, some of which include smart ankle foot orthosis (AFO) braces, step smart braces, and smart spine braces.

To obtain a competitive advantage over other market participants, businesses in the orthopedic bracing industry are concentrating on product innovation and development. Companies are creating smart braces and supports with characteristics that allow the skin to breathe and prevent the development of foul odours to win momentum in the worldwide market.

For increased accuracy and speed in the product design process, manufacturers are increasingly using hypoallergenic materials and software applications for anatomical modelling.

Due to the lightweight nature and water resistance of these gadgets, there is a high demand for hip, spine, & foot and ankle supports. Customized joint implants made possible by 3D printing are effective in cutting the time and expense of surgery while providing stability over a reasonably extended period.

Leading firms in the joint implants market are utilizing 3D printing technology to enhance the integration of metal and bone in the case of implants with size-controlled micro-pore structures, surgical instruments, and anatomical models.

  • The AxSOS 3 Ankle Fusion System, a titanium plate ankle fusion technology utilized for tibio-talar joint fusion, was recently introduced by Stryker Corporation.

Which Regional Markets are Suppliers of Foot & Ankle Braces Eyeing?

“North America & Europe Profitable Markets Due to Supportive Governments Initiatives, Presence of Top Producers, & High Demand for Orthopedic Devices”

The market for foot and ankle braces in North America is expanding since musculoskeletal ailments and sports-related injuries are on the rise.

The main causes of this region’s significant market share are its high risk of unintentional injuries and its sizable geriatric population. To manage crises, various trauma centers are established by the respective governments in the region.

Due to factors such as increased sales of knee braces and supports, existence of important foot and ankle medical device companies, and strong healthcare infrastructure, the market in the North American region is predicted to flourish.

Europe's foot and ankle braces market size and growth are mostly attributed to the availability of high-tech and advanced foot and ankle products, presence of trained specialists, rising demand for complex devices and treatments in the region, and sound healthcare facilities.

The two reasons expected to drive leg and ankle brace demand in the Asia Pacific region are the presence of modern technologies and plants in Japan and a sizeable geriatric population with several orthopedic disorders in China.

Country-wise Analysis

Why are Sales of Foot & Ankle Braces High in the United States?

“High Number of Ankle Replacement Procedures in the Country”

After hip and knee replacements, ankle replacements are the second most common type of replacement surgery in the United States. The most frequent reasons for ankle replacement procedures are arthritic joints and damaged ankles.

Soccer and baseball players are more likely to get soft tissue injuries than other athletes. Meniscal tears, a connective tissue injury, are frequent in young people. Every year, there are around 250,000 soft tissue re-attachment operations done in the United States.

Existence of top foot and ankle brace firms and children's and youths' participation in sports are expected to greatly improve the outlook for the U.S. foot and ankle devices industry.

Why is Demand for Ankle Foot Orthosis Braces High in China?

“Senior Citizens More Prone to Arthritis Driving Sales of Ankle Foot Orthosis Braces”

An enormous number of senior citizens in China live with orthopedic disorders, subsequently, there is a high demand for ankle supports & braces and ankle foot orthosis braces. Because of the country's advanced healthcare system, cutting-edge goods, and knowledgeable professionals, the China market is predicted to expand rapidly.

Articulated ankle foot orthosis provides controlled ankle movement, with the direction of the motion being chosen by a gait study and by medical necessity. The contoured inner bootie of articulated ankle foot orthosis can help relieve tone by improving foot alignment.

A brand name for several lower extremity braces that offer thin, flexible, external support to the foot, ankle, and/or lower leg is dynamic ankle foot orthosis. They are unique in their ability to snugly fit the ankle and effectively cure foot deformity at designated pressure points.

Leg and ankle braces are likely to sell better in China due to the availability of contemporary production facilities and technologies as well as the growing demand for advanced foot and ankle products and therapies.

Category-wise Analysis

Which Application Accounts for High Demand for Foot & Ankle Braces?

“High Prevalence of Trauma & Hairline Fractures From Sport & Accidents”

One of the most frequent ailments is a ligament injury to the foot or ankle. There are some chances that severe foot and ankle injuries can cause morbidity or long-term impairment.

Especially in sports, these injuries are frequently seen in both adults and children. Trauma & hairline fractures are predicted to dominate the foot and ankle devices market.

The segment is expanding as a result of an increase in fracture-related foot and ankle reconstruction surgeries as well as a rise in sports injuries and vehicle accidents. Furthermore, the ageing of the world's population and the creation of cutting-edge foot and ankle products are additional significant causes for market growth.

Since over 20% of the population of the United States suffers from hammertoes, the condition is said to be an endemic forefoot deformity. Due to a lack of understanding of this illness, forefoot abnormalities frequently go untreated.

In this situation, patients may have trouble finding shoes that fit because one or more of their toes are bent abnormally. Severe injuries can result from skin and shoe friction, promoting orthopedic implant sales.

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Competitive Landscape

Foot and ankle braces market expansion is anticipated to be aided by mergers and acquisitions. Companies are working together with producers and marketing companies to make better devices that are more reasonably priced.

  • DePuy Synthes purchased BioMedical Enterprises in 2016 to gain access to the latter's broad product line of foot and ankle devices.

By releasing technologically improved foot and ankle supports, established companies are bolstering their position in the market.

There are strict regulatory organisations such as the U.S. FDA and the European CE mark for approving technologies that satisfy all requirements for clinical data and other safety standards.

  • The very first foot and ankle implant/prosthesis made with PEEK-OPTIMA HA Enhanced, a polymer from Invibio Biomaterial Solutions, was introduced by Nvision in December 2019. It is the first lower extremity device/implant to use structural encoding to allow the Unique Device Identification (UDI) mandated by the FDA for proximal interphalangeal joint arthrodesis.

Foot and Ankle Braces Industry Research Segmentation

  • By Product :

    • Bracing & Support Devices
    • Joint Implants
    • Soft Tissue Orthopedic Devices
    • Orthopedic Fixation Devices
    • Prosthetics
  • By Application :

    • Hammertoe
    • Trauma
    • Osteoarthritis
    • Rheumatoid Arthritis
    • Neurological Disorders
    • Bunions
    • Osteoporosis
    • Others
  • By End User :

    • Hospitals
    • Ambulatory Surgery Centers
    • Orthopedic Clinics
    • Rehabilitation Centers
    • Others
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

- FAQs -

Worldwide demand for foot and ankle braces is expected to surge at 7% CAGR from 2022 to 2027.
Foot and ankle brace sales are currently worth US$ 844.7 million.
The global market for foot and ankle braces is predicted to reach US$ 1.18 billion by 2027.
North America and Europe are lucrative markets for foot and ankle brace providers.
Demand for foot and ankle braces in China is expected to rise rapidly at 11% CAGR and reach US$ 261 million by 2027.

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