PUBLISHER: The Business Research Company | PRODUCT CODE: 1650262
PUBLISHER: The Business Research Company | PRODUCT CODE: 1650262
Foot and ankle devices are specialized medical tools employed in the treatment of various foot and ankle conditions through surgical interventions. These devices aim to alleviate foot pain associated with medical conditions such as arthritis, bunions, plantar fasciitis, flat feet, and diabetes.
The primary categories of products within the field of foot and ankle devices include orthopedic implants and devices, bracing and support devices, and prostheses. Prostheses, in particular, are artificial devices designed to replace or enhance impaired or missing parts of the body. This term encompasses any artificial limb, whether for the upper or lower limb, and is categorized based on the cause of injury, such as trauma, diabetes, neurological disorders, among others. These foot and ankle devices find application in various healthcare settings, including hospitals, ambulatory surgery centers, orthopedic clinics, rehabilitation centers, and other medical facilities. Their usage is instrumental in addressing and managing a spectrum of foot and ankle-related medical conditions, contributing to improved patient outcomes.
The foot and ankle devices market research report is one of a series of new reports from The Business Research Company that provides foot and ankle devices market statistics, including foot and ankle devices industry global market size, regional shares, competitors with a foot and ankle devices market share, detailed foot and ankle devices market segments, market trends and opportunities, and any further data you may need to thrive in the foot and ankle devices industry. This foot and ankle devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The foot and ankle devices market size has grown strongly in recent years. It will grow from $6.09 billion in 2024 to $6.65 billion in 2025 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to aging population, orthopedic disorders, sports injuries, chronic conditions, increased trauma and accidents.
The foot and ankle devices market size is expected to see rapid growth in the next few years. It will grow to $9.85 billion in 2029 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to patient-centric care, regenerative medicine, increasing diabetic population, telemedicine and remote monitoring, minimally invasive procedures. Major trends in the forecast period include wearable devices and smart orthopedics, telehealth and remote consultations, biomechanical analysis, 3D printing and additive manufacturing, advanced materials.
The rising prevalence of orthopedic disorders is expected to drive the growth of the foot and ankle devices market in the future. Orthopedic disorders refer to diseases that affect the musculoskeletal system, damaging muscle and bone tissues, including bones, cartilage, ligaments, tendons, and connective tissues. Foot and ankle devices are utilized to address various types of fusions, fractures, and osteotomies in the forefoot, midfoot, and rearfoot, contributing to market expansion. For example, according to the Institute for Health Metrics and Evaluation, a national and international public health agency, cases of musculoskeletal disorders are projected to increase by 115% (107-124) from 2020 to 2050, reaching an estimated 1,060 million (95% UI 964-1,170) prevalent cases by 2050. Thus, the rising incidence rates of orthopedic disorders are fueling the growth of the foot and ankle devices market.
The growth of the foot and ankle devices market is expected to be propelled by the increasing geriatric population. Geriatrics, involving medical care for the elderly, presents a challenging age group to define precisely. Foot and ankle devices, including ankle-foot orthoses, offer solutions to enhance balance and movement in older individuals prone to foot and ankle issues. Data from the World Trade Organization in October 2022 revealed a significant projection for the global population aged 60 and above, expected to more than double to 2.1 billion by 2050. Additionally, the number of individuals aged 80 and above is anticipated to triple, reaching 426 million between 2020 and 2050. The expanding geriatric demographic acts as a driving force for the foot and ankle devices market.
Product innovations have become a significant trend gaining traction in the foot and ankle market. Companies within this market are implementing new product innovations to achieve a competitive edge. For example, in March 2022, Acumed, a US-based medical device manufacturer, introduced the Ankle Syndesmosis Repair System, which incorporates the innovative Acu-Sinch Knotless technology. This system is specifically designed to address syndesmotic disruptions and provide dynamic stabilization of the tibiofibular joint, an essential component for effective treatment in foot and ankle surgery.
Prominent companies in the foot and ankle market are actively investing in technological advancements, exemplified by innovations like the Pulse Intelligent Delivery Platform. Launched by Stryker Corporation, a leading US-based medical technology company, in September 2022, this platform represents a novel technology catering to high-volume foot and ankle treatments in ambulatory surgery centers. Stryker's Prophecy Footprint Surgical Planning, a component of the Pulse Intelligent Delivery Platform, utilizes mapping technology to offer clinical guidance for the entire foot in conjunction with total ankle arthroplasty. Engineered to deliver a comprehensive range of surgery-ready forefoot devices, the Pulse Intelligent Delivery Platform is designed to streamline operating room processes, reducing clutter and ensuring user-friendly operation.
In May 2023, Zimmer Biomet, a US-based medical device company, announced its acquisition of Ossis for an undisclosed amount. This acquisition is intended to strengthen Zimmer Biomet's orthopedic portfolio by incorporating Ossis' expertise in the rapid design and production of custom implants. Ossis is a US-based company that specializes in personalized 3D-printed orthopedic implants, especially for complex hip replacements.
Major companies operating in the foot and ankle devices market include Aap Implantate AG, Acumed LLC, Advanced Orthopaedic Solutions Inc., Arthrex Inc., CONMED Corporation, DePuy Synthes Companies, DonJoy Inc., Extremity Medical LLC, Fillauer LLC, FH ORTHOPEDICS S.A.S., Integra LifeSciences Holdings Corporation, Medartis Holding AG, Mondeal Medical Systems GmbH, Ortho Solutions UK Ltd., Orthofix Medical Inc., Ossur hf., Ottobock Healthcare AG, Smith & Nephew plc, Stryker Corporation, Tornier N.V., Vilex in Tennessee Inc., Wright Medical Technology Inc., Zimmer Biomet Holdings Inc., KYOCERA Medical Corporation, Medacta International SA, Merete Medical GmbH, Medtronic plc, Inovedis SAS, OsteoMed LLC
North America was the largest region in the foot and ankle devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the foot and ankle devices market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the foot and ankle devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The foot and ankle devices market consist of sales of joint implants, fixation devices, soft tissue orthopedic devices. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Foot And Ankle Devices Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on foot and ankle devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for foot and ankle devices ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The foot and ankle devices market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.