(+1) 614-588-8538 Foot and Ankle Devices Market Estimated to Grow at a CAGR of 6.9%During the Forecast Period2020-2026 Emerging Applications of Biomedical Sensors in Nanotechnology and Continuous Innovations Leading to the Development of Innovative Sensor-based Medical Applications Are Estimated to Increase Market Demand.
BriefingWire.com, 4/06/2021 - Foot and Ankle Devices Market size is $5.12Bn in 2019, growing at a CAGR of 6.9% during the forecast period 2020-2025. The foot and ankle are significant to keep the balance and support the entire weight of the body. Frequent orthopedic injuries to these areas are common, like acute sprains, fractures, tenderness, pain, impaired ankle flexibility and other factors of immobilization. As limited range of motion to these areas is common following a period of overuse injuries, accidents, sports activities, diabetic foot or ageing, the demand of the âadvanced ankle surgeriesâ, âreconstruct
Foot and Ankle Devices Market Size, Demand, Growth Analysis, Share, Revenue and Forecast 2027| Johns
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Foot and Ankle Devices Market worth $5 3 billion by 2025
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The foot and ankle devices market is projected to reach USD 5.3 billion by 2025 from USD 3.9 billion in 2020, at a CAGR of 6.4% during the forecast period.
Growth of the market is mainly attributed to the technological advancements; increasing incidences of orthopedic diseases, and growing public and private investments, funding, and grants are driving the global foot and ankle devices market. However, complex regulatory frameworks that delay the approval of new foot and ankle devices is expected to challenge market growth to a certain extent.
In terms of products, orthopedic implants and devices segment to register significant growth during the forecast period.