Foot and Ankle Braces Market Size to Cross $8.32 Billion Revenue by 2030

Foot and Ankle Braces Market Overview

“The Global Gemstones Market is expected to grow rapidly at a 7.4% CAGR consequently, it will grow from its existing size of from $4.65 Billion in 2023 to $8.32 Billion by 2030.”

Ankle sprains can be a common injury that could hinder the daily activities of life and limit physical capabilities. They can be caused by a fall on uneven ground or from sports-related activities, it is crucial to consult a professional foot doctor on time for the start of the treatment, rehabilitation process. One of the things utilized by foot specialists to treat foot problems is recurrent ankle sprains are foot braces, which are also called ankle braces. They are used to treat ankle sprains. They are vital for stabilizing an injured ankle as well as relieving pain and preventing additional injury to ligaments, tendons.

Benefits of Foot Braces

The foot braces provide stability and support. offer the stability that is essential to injured feet. ankle. By restricting excessive movement and providing external support, these braces assist in to avoid tensioning the ligaments in recovery.

Reduced swelling Foot braces are often fitted with compression elements to aid in reducing swelling. inflammation and swelling. This compression helps improve blood flow, which reduces the affected area is swelling. for pain relief, the foot braces use an incredibly gentle force which can alleviate pain by reducing discomfort that is caused by the movement. Additionally, certain braces could be laden with additional gel or padding inserts to cushion the body, providing an easier and more comfortable sensation.

Early Mobility: Braces aid in regulating mobility, that is vital in avoiding rigidity and also preserving and maintaining joint and maintaining joint. This regulates joint flexibility and aids in the gradual return of routine everyday activities.

The types of foot braces that are suitable for Ankle Sprains:

Basic Ankle Brace The braces are ideal for sprains that are not severe or for preventive use.

are used to measure the intensity of physical activity. They are comfortable to wear and provide the wearer with a moderate

the degree of compression as well as the degree of compression as well as.

Stirrup Ankle Brace thanks to its figure-eight style gives you a more comfortable ankle support for both the sides. It can be tightened to provide an ideal fit. It is ideal for those with mild sprains.

A Lace-Up ankle brace offer lots of support and appear like regular laces for shoes. They can be adjusted to fit the most snugness you like and are ideal for moderate to severe strains.

The Hinged Ankle Brace which are suggested for the most severe strains, also have hinged sides which allow for controlled movement. This allows for faster healing and this prevents excessive extension.

Air Cast Ankle Brace: You can adjust your support you receive and compression with this brace, you can choose that is based on your personal preferences and the comfort of its air chambers inflatable. The balance between stability and flexibility is achieved to achieve maximum impact.

Compression Sleeve: Simpler than compression sleeves provide fundamental assistance and as well as compression. They are particularly useful in reducing swelling in beginning stages of recuperation.

Demand Outlook

For the treatment of various fractures of the ankle and foot caused by ailments such as arthritis, bunions hammertoes, diabetic foot and many other ailments of the orthopedic the foot as well as ankle gadgets are utilized. These devices can also be used to reattach the foot that was amputated, congenitally damaged or lost as a result of injury or other event.

Instruments to aid in ligament reconstruction and repair like arthrodesis, joint replacement and internal fixation are all included under the ankle, foot device category.

• The International Osteoporosis Foundation recently published figures showing that one in three women and one in five men older than 50 might suffer from osteoporotic fractures throughout their lives.

Incorrect lifting techniques can lead to discs to bulge or rupture as well as scoliosis and stress-related back and foot pain. This is why the demand for foot, back, and ankle supports is growing.

The global demand for orthopedic braces, including leg braces, is fueled by a rise in the incidence of foot-related ailments This is good news for orthopedic braces as well as the whole industry.

Increase in the the incidence of bone degenerative illnesses and an rise in demand for braces for orthopedics for the elderly and the affordability of product prices access to braces for the orthopedically impaired, a rise on the frequency of ortho procedures, an increase in participation in sports and the use of ortho braces as a preventive measure are just a few of the factors that drive the worldwide OTC orthodontic braces industry.

Key Takeaway:

• North America led the global market with the highest part of the market, which was 51% by 2023.
• Asia-Pacific is predicted to expand at the fastest rate of CAGR over the forecast time.
• By Product segment for orthopedics has been the one with the highest percentage of revenue in 2023.
• By Product this segment of orthopedic soft tissues is anticipated to grow at a substantial CAGR in the coming years.
• Through Application, the segment of trauma was the most popular in 2023.
• Through application, the osteoarthritis segment is predicted to expand at the fastest CAGR during the forecast period.

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Market Dynamics

Growth Drivers

"Rising cases of Sports & Road Injuries across the World"

Co-morbidities with diabetes and obesity are growing rapidly that increases the risk of developing degenerative joint disorders, especially in the elderly. This will boost the sale of joints-reconstruction devices.

Sports-related injuries and fitness are increasing because young people are involved in these activities at a much higher amount. This has led to a rise in need for joint implants across the world.

The demand for foot and ankle devices are further fueled by the increasing number of traffic accidents as well as sports events. Additionally, as the number of professional athletes has grown, so have injuries from sports. All over the world, an ankle sprain is among the most frequently-injured injury.

• Of the 239,943 injuries that were that were treated in emergency rooms at U.S. hospitals, 79,384 were sprains and strains. 48,806 were fractures and 5,401 were dislocations, as per Health City Cayman Islands.

Additionally, the factors that drive braces for orthopedics and drive market expansion include an increase in the incidence of orthopedic injuries like arthritis and osteoarthritis and the rapid rise in the number of elderly people who are more susceptible to problems.

Market growth is also aided by technological innovations in ankle and foot braces like robot-assisted surgical instruments, the acceptance of implantable medical equipment and growing utilization for orthopedic implant to treat musculoskeletal injuries and orthopedic ailments.

Challenges

"Chances for getting Infected by the Metals used in Implants May cause foot and Ankle Implant Sales"

There are a variety of limitations and issues that limit ankle and foot devices' market size. The use of orthopedic implants and devices comes with a variety of dangers such as the pain that is experienced while implanting and putting in devices.

Other significant risks are infections in the surgical site. Typically, metal or alloys like cobalt, nickel, chromium, or titanium are used in the creation of ankle and foot devices. After implanting, devices or medical devices made up of or made of these metals may cause urticaria, dermatitis vasculitis, and eczematous along with other infections and sensitivities.

Inflammation, pain and aseptic loosening of implanted hardware are a few of the results of metal sensitivity. This could hinder the market for foot and ankle devices from expanding in general.

Opportunities

"Adoption of smart Technologies within Orthopedic Implants Will Generate High Revenue Streams"

Leading suppliers of orthopedic braces and supports are putting more emphasis on creating smart technology-adjustable orthotics. The latest smart orthotics have been launched, some that include ankle-foot orthosis (AFO) braces as well as step smart braces along with smart spine braces.

To have a competitive advantage over the competition companies in the field of orthopedic bracing are focusing on innovation and improvement of their products. Businesses are developing smart braces and supports that have features that allow the skin's pores to breath and stop the development of odours that are foul to gain traction on the global market.

To increase the accuracy and speed in design of products, manufacturers are increasingly using hypoallergenic products as well as software programs to model anatomical structures.

Due to the lightweight and resistance to water in these devices There is a huge demand for spine, hip and foot support. Implants for joints that can be customized through 3D printing are efficient in reducing the cost and time of a procedure while also providing stability for a long time.

The top companies on the market for joint implants use 3D printing to improve the integration of bone and metal when it comes to implants fitted with micro-pores that are size-controlled surgical instruments, surgical tools, and anatomical models.

• The AxSOS 3 Ankle Fusion System A aluminum plate ankle-fusion technique used for tibio-talar joint fusion it was introduced recently in the Stryker Corporation.

Market Segment Analysis

"High prevalence of Hairline Fractures and Trauma from accidents and sports"

The most frequent problems is a ligament damage to the ankle or foot. There is a possibility that ankle or foot injuries could cause permanent impairment or morbidity.

Particularly when playing sports and other activities, these injuries are often observed in adults as well as children. Hairline fractures and injuries from trauma are expected to be the most popular market for ankle and foot devices.

The market is growing due to an rise in the number of fracture-related reconstructive surgeries for the foot and ankle and also an increase in injuries from sports and car accidents. Additionally, the aging of the global population and the introduction of new and innovative products for ankles and feet are also major factors behind the market's growth.

Over 20 percent of the population in the United States suffers from hammertoes The condition is believed to be an endemic foot deformity. Because of a insufficient understanding of the disease, the forefoot anomalies often are not treated.

In this scenario patients might have difficulty finding shoes that are suitable because they have one of or several feet are bent in a different way. Injuries can be severe due to friction between shoes and skin and can increase sales of orthopedic implants.

Competitive Landscape of the Foot and Ankle Braces Market

• 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

Recent Developments in Foot and Ankle Braces Market

April 2023: Paragon 28, Inc. launched intramedullary device for fixation of in-line shortening osteotomies of the lesser metatarsals, Phantom Metatarsal Shortening System.

March 2022- Breg has made a partnership with a new distributor, Osmose to expand the distribution network and product portfolio of bracing especially foot and ankle products.

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

Stryker Corporation (US) introduced the AxSOS 3 Ankle Fusion System, a titanium plate ankle fusion system used for tibio-talar joint fusion.

DePuy Synthes renewed its agreement with the AO Foundation (Switzerland) to advance surgical education.

Wright Medical Group has expanded its portfolio by acquiring Cartiva, Inc. These businesses are primarily concerned with developing a private orthopaedic medical treatment for osteoarthritis.

September 2020, DJO will release the DonJoy X-ROM Post-Op Knee Brace. The product is stated to be one of the most advanced range of motion (ROM) protection, with an improved user-friendly design for quicker and faster application and adjustment. The X-ROM brace aids patients in their recovery after ACL reconstruction and other knee procedures. It increases comfort, stability, and confidence.

June 2019, Wasp has established a digital orthopedic laboratory where patients may get personalized 3D printed medical support equipment.

May 2020, Townsend Design has announced the launching of a new arthritic knee brace in North America, which is designed to decrease discomfort by reducing load on the side of the knee.

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.

Regional Insights

"North America and Europe Profitable Markets Resulting from the Supportive Government Initiatives, High-Quality Producers and a high demand for Orthopedic devices"

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

The major reasons behind the market share of this region is the high rate of accidental injuries as well as its large population of geriatrics. To deal with crises, various trauma centers are set up by the respective government in the region.

In light of factors like the rising demand for knee braces and supports, the existence of major feet and ankle-related medical devices firms as well as a robust health infrastructure and infrastructure, the marketplace within the North American region is predicted to grow.

The foot and ankle braces in Europe's market size and development is mainly due to the availability of advanced and high-tech products for feet and ankles and the presence of skilled specialists, the increasing demands for sophisticated equipment and treatments in the region, as well as sound health facilities.

Two reasons that are expected to propel demand for ankle and leg braces within the Asia Pacific region are the existence of advanced technologies and manufacturing facilities in Japan and a significant ageing population that has a variety of orthopedic conditions in China.

Segments Covered in the Foot and Ankle Braces Market

Foot and Ankle Braces Market By Product

• Bracing and Support
• Joint Implants
• Soft Tissue Orthopedic Devices
• Orthopedic Fixation
• Prosthetics

Foot and Ankle Braces Market By Application

• Hammertoe
• Trauma
• Osteoarthritis
• Rheumatoid Arthritis
• Neurological Disorders
• Bunions
• Osteoporosis

Foot and Ankle Braces Market By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Frequently Asked Questions:

What is the foot and ankle devices market size?

The Global Gemstones Market is expected to grow rapidly at a 7.4% CAGR consequently, it will grow from its existing size of from $4.65 Billion in 2023 to $8.32 Billion by 2030.

Who are the prominent players operating in the foot and ankle devices market?

The major players operating in the foot and ankle devices market are Stryker Corp., Johnson & Johnson (De PuySynthes), Zimmer Biomet Holdings, Inc., Smith & Nephew plc, Össur, Enovis, Acumed, LLC, Arthrex, Inc., Paragon 28, Orthofix, and Others.

Which are the driving factors of the foot and ankle devices market?

The driving factors of the foot and ankle devices market are the increasing number of sports injuries and road accidents and the surging demand for cosmetic foot surgery.

Which region will lead the global foot and ankle devices market?

North America region will lead the global foot and ankle devices market during the forecast period 2023 to 2030

1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

3. Executive Summary

3.1. Market Snapshot

4. Market Variables and Scope

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

5. COVID 19 Impact on Foot and Ankle Devices Market

5.1. COVID-19 Landscape: Foot and Ankle Devices Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

8. Global Foot and Ankle Devices Market, By Product

8.1. Foot and Ankle Devices Market Revenue and Volume, by Product, 2023-2032

8.1.1. Bracing and Support

8.1.1.1. Market Revenue and Volume Forecast (2018-2030)

8.1.2. Joint Implants

8.1.2.1. Market Revenue and Volume Forecast (2018-2030)

8.1.3. Soft Tissue Orthopedic Devices

8.1.3.1. Market Revenue and Volume Forecast (2018-2030)

8.1.4. Orthopedic Fixation

8.1.4.1. Market Revenue and Volume Forecast (2018-2030)

8.1.5. Prosthetics

8.1.5.1. Market Revenue and Volume Forecast (2018-2030)

9. Global Foot and Ankle Devices Market, By Application

9.1. Foot and Ankle Devices Market Revenue and Volume, by Application, 2023-2032

9.1.1. Hammertoe

9.1.1.1. Market Revenue and Volume Forecast (2018-2030)

9.1.2. Trauma

9.1.2.1. Market Revenue and Volume Forecast (2018-2030)

9.1.3. Osteoarthritis

9.1.3.1. Market Revenue and Volume Forecast (2018-2030)

9.1.4. Rheumatoid Arthritis

9.1.4.1. Market Revenue and Volume Forecast (2018-2030)

9.1.5. Neurological Disorders

9.1.5.1. Market Revenue and Volume Forecast (2018-2030)

9.1.6. Bunions

9.1.6.1. Market Revenue and Volume Forecast (2018-2030)

9.1.7. Osteoporosis

9.1.7.1. Market Revenue and Volume Forecast (2018-2030)

10. Global Foot and Ankle Devices Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Volume Forecast, by Product (2018-2030)

10.1.2. Market Revenue and Volume Forecast, by Application (2018-2030)

10.1.3. U.S.

10.1.3.1. Market Revenue and Volume Forecast, by Product (2018-2030)

10.1.3.2. Market Revenue and Volume Forecast, by Application (2018-2030)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Volume Forecast, by Product (2018-2030)

10.1.4.2. Market Revenue and Volume Forecast, by Application (2018-2030)

10.2. Europe

10.2.1. Market Revenue and Volume Forecast, by Product (2018-2030)

10.2.2. Market Revenue and Volume Forecast, by Application (2018-2030)

10.2.3. UK

10.2.3.1. Market Revenue and Volume Forecast, by Product (2018-2030)

10.2.3.2. Market Revenue and Volume Forecast, by Application (2018-2030)

10.2.4. Germany

10.2.4.1. Market Revenue and Volume Forecast, by Product (2018-2030)

10.2.4.2. Market Revenue and Volume Forecast, by Application (2018-2030)

10.2.5. France

10.2.5.1. Market Revenue and Volume Forecast, by Product (2018-2030)

10.2.5.2. Market Revenue and Volume Forecast, by Application (2018-2030)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Volume Forecast, by Product (2018-2030)

10.2.6.2. Market Revenue and Volume Forecast, by Application (2018-2030)

10.3. APAC

10.3.1. Market Revenue and Volume Forecast, by Product (2018-2030)

10.3.2. Market Revenue and Volume Forecast, by Application (2018-2030)

10.3.3. India

10.3.3.1. Market Revenue and Volume Forecast, by Product (2018-2030)

10.3.3.2. Market Revenue and Volume Forecast, by Application (2018-2030)

10.3.4. China

10.3.4.1. Market Revenue and Volume Forecast, by Product (2018-2030)

10.3.4.2. Market Revenue and Volume Forecast, by Application (2018-2030)

10.3.5. Japan

10.3.5.1. Market Revenue and Volume Forecast, by Product (2018-2030)

10.3.5.2. Market Revenue and Volume Forecast, by Application (2018-2030)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Volume Forecast, by Product (2018-2030)

10.3.6.2. Market Revenue and Volume Forecast, by Application (2018-2030)

10.4. MEA

10.4.1. Market Revenue and Volume Forecast, by Product (2018-2030)

10.4.2. Market Revenue and Volume Forecast, by Application (2018-2030)

10.4.3. GCC

10.4.3.1. Market Revenue and Volume Forecast, by Product (2018-2030)

10.4.3.2. Market Revenue and Volume Forecast, by Application (2018-2030)

10.4.4. North Africa

10.4.4.1. Market Revenue and Volume Forecast, by Product (2018-2030)

10.4.4.2. Market Revenue and Volume Forecast, by Application (2018-2030)

10.4.5. South Africa

10.4.5.1. Market Revenue and Volume Forecast, by Product (2018-2030)

10.4.5.2. Market Revenue and Volume Forecast, by Application (2018-2030)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Volume Forecast, by Product (2018-2030)

10.4.6.2. Market Revenue and Volume Forecast, by Application (2018-2030)

10.5. Latin America

10.5.1. Market Revenue and Volume Forecast, by Product (2018-2030)

10.5.2. Market Revenue and Volume Forecast, by Application (2018-2030)

10.5.3. Brazil

10.5.3.1. Market Revenue and Volume Forecast, by Product (2018-2030)

10.5.3.2. Market Revenue and Volume Forecast, by Application (2018-2030)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Volume Forecast, by Product (2018-2030)

10.5.4.2. Market Revenue and Volume Forecast, by Application (2018-2030)

11. Company Profiles

11.1. Stryker Corp.

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Johnson & Johnson (De PuySynthes)

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Zimmer Biomet Holdings, Inc.

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Smith & Nephew plc

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Ossur

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Enovis

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Acumed, LLC

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Arthrex, Inc.

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Paragon 28

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Orthofix

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

13. Appendix

13.1. About Us

13.2. Glossary of Terms

Research Methodology