Foot and Ankle Devices Market In-depth Analysis and Forecast to 2032Posted by Ganesh Shinde on April 7th, 2023  Throughout the forecast period, the foot and ankle devices market is expected to grow at a 5.9% CAGR (2022 to 2032). The foot and ankle devices market is expected to be worth US$ 4.4 billion in 2022 and US$ 7.8 billion by 2032. The increasing frequency of traffic accidents, sports activities, and urbanisation in emerging countries all raise the risk of fractures, resulting in an increase in demand for foot and ankle devices. Furthermore, as professional sporting activities have grown in popularity, so have sports-related injuries, fueling sales of foot and ankle devices in a world where sprained feet are the most common injury. The introduction of new products creates a favourable environment for key trends and opportunities in the foot and ankle devices market to thrive, driving overall market growth. Integra LifeSciences Holding Corporation, for example, commercialised the Cadence Complete Ankle System. The hospital segment is expected to lead the foot and ankle devices market by end user, with a CAGR of 5.4% through 2032. This segment's substantial share can be attributable to the vast target patient population base favouring hospitals, as well as the increasing procedural volume in hospital settings. The growing emphasis in hospitals on effective and early illness diagnosis, as well as hospitals' large budgets for launching various technologically advanced foot and ankle device items, are expanding the segment's market share. Key Players
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