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Share this article Share this article ResearchAndMarkets.com s offering. 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. ....
The growth of this market is mainly driven by the growing number of hospitals across major markets, increasing awareness about complication related to foot and ankle related to osteoarthritis and diabetes coupled with the increasing adoption of bracing and support devices. Moreover, rising R&D investments by the key players operating in the market to develop advanced foot and ankle devices coupled with growing funding & grants for commercialization and development of foot and ankle devices are other important factors to drive the market growth in the near future. The Internal fixation devices sub segment of fixation devices products to hold major market share by 2025 ....