The Latin America, Middle East and Africa Foot And Ankle Devices Market would witness market growth of 10.3% CAGR during the forecast period (2022-2028).
One of the most frequent types of foot injuries is an ankle fracture. Each year, an estimated 170,000 people experience ankle fractures that need surgery. One of the top nine fractures is this one. This is caused by the ankle's comparatively modest contact surface area as well as the 1.5 times greater body weight at rest and 5.5 times more force during vigorous activity. The durability of ankle joints is, therefore, critical.
Each year, up to 50,000 patients are identified as having end-stage ankle arthritis, characterized by worn-out ankle cartilage that results in unbearable bone-on-bone contact and incapacity. Whole ankle replacements are advised for these patients rather than ankle fusions because they have a better success rate, boosting the market. One of the key factors in the market expansion of joint replacements is the favorable reimbursement status. Medicare and a few commercial insurers pay for the procedure's reimbursement.
Recent public health statistics have verified that vehicle crashes are increasing alarmingly in the Middle East and North African nations and that they are currently the main cause of death for young adults. These regional nations currently rank among the poorest performers in the world when considering socio-economic indices like the number of fatalities in traffic accidents and the percentage of GDP lost. Government spending on healthcare facilities and infrastructure is also anticipated to assist the sector. In addition, the demand for foot and ankle devices is also anticipated to increase in the projected period due to increasing consumer awareness of healthcare and fitness as more people believe in preventative care solutions. Therefore, the region presents lucrative growth opportunities for the regional foot and ankle devices market.
The Brazil market dominated the LAMEA Foot And Ankle Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $101.1 million by 2028. The Argentina market is experiencing a CAGR of 10.9% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 10% during (2022 - 2028).
Based on Application, the market is segmented into Trauma, Osteoarthritis, Rheumatoid Arthritis, Hammertoe, Osteoporosis, Neurological Disorders and Bunions. Based on Product, the market is segmented into Orthopedic Fixation, Joint Implants, Bracing & Support, Prosthetics and Soft Tissue Orthopedic Devices. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Foot and Ankle Devices Market is Projected to reach USD 6.1 Billion by 2028, at a CAGR of 7.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Stryker Corporation, DePuy Synthes (Johnson & Johnson), Zimmer Biomet Holdings, Inc., Smith & Nephew PLC, Ossur Hf., Enovis Corporation, Acumed LLC (Colson Medical, Inc.), Arthrex, Inc., Paragon 28, Inc. and Orthofix Medical, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Trauma
- Osteoarthritis
- Rheumatoid Arthritis
- Hammertoe
- Osteoporosis
- Neurological Disorders
- Bunions
By Product
- Orthopedic Fixation
- Joint Implants
- Bracing & Support
- Prosthetics
- Soft Tissue Orthopedic Devices
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Stryker Corporation
- DePuy Synthes (Johnson & Johnson)
- Zimmer Biomet Holdings, Inc.
- Smith & Nephew PLC
- Ossur Hf.
- Enovis Corporation
- Acumed LLC (Colson Medical, Inc.)
- Arthrex, Inc.
- Paragon 28, Inc.
- Orthofix Medical, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Foot And Ankle Devices Market, by Application
1.4.2 LAMEA Foot And Ankle Devices Market, by Product
1.4.3 LAMEA Foot And Ankle Devices Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Approvals & Trials
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2019, Feb – 2023, Jan) Leading Players
Chapter 4. LAMEA Foot And Ankle Devices Market by Application
4.1 LAMEA Trauma Market by Country
4.2 LAMEA Osteoarthritis Market by Country
4.3 LAMEA Rheumatoid Arthritis Market by Country
4.4 LAMEA Hammertoe Market by Country
4.5 LAMEA Osteoporosis Market by Country
4.6 LAMEA Neurological Disorders Market by Country
4.7 LAMEA Bunions Market by Country
Chapter 5. LAMEA Foot And Ankle Devices Market by Product
5.1 LAMEA Orthopedic Fixation Market by Country
5.2 LAMEA Joint Implants Market by Country
5.3 LAMEA Bracing & Support Market by Country
5.4 LAMEA Prosthetics Market by Country
5.5 LAMEA Soft Tissue Orthopedic Devices Market by Country
Chapter 6. LAMEA Foot And Ankle Devices Market by Country
6.1 Brazil Foot And Ankle Devices Market
6.1.1 Brazil Foot And Ankle Devices Market by Application
6.1.2 Brazil Foot And Ankle Devices Market by Product
6.2 Argentina Foot And Ankle Devices Market
6.2.1 Argentina Foot And Ankle Devices Market by Application
6.2.2 Argentina Foot And Ankle Devices Market by Product
6.3 UAE Foot And Ankle Devices Market
6.3.1 UAE Foot And Ankle Devices Market by Application
6.3.2 UAE Foot And Ankle Devices Market by Product
6.4 Saudi Arabia Foot And Ankle Devices Market
6.4.1 Saudi Arabia Foot And Ankle Devices Market by Application
6.4.2 Saudi Arabia Foot And Ankle Devices Market by Product
6.5 South Africa Foot And Ankle Devices Market
6.5.1 South Africa Foot And Ankle Devices Market by Application
6.5.2 South Africa Foot And Ankle Devices Market by Product
6.6 Nigeria Foot And Ankle Devices Market
6.6.1 Nigeria Foot And Ankle Devices Market by Application
6.6.2 Nigeria Foot And Ankle Devices Market by Product
6.7 Rest of LAMEA Foot And Ankle Devices Market
6.7.1 Rest of LAMEA Foot And Ankle Devices Market by Application
6.7.2 Rest of LAMEA Foot And Ankle Devices Market by Product
Chapter 7. Company Profiles
7.1 Stryker Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.1.5.2 Acquisition and Mergers:
7.2 DePuy Synthes (Johnson & Johnson)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental &Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Acquisition and Mergers:
7.3 Zimmer Biomet Holdings, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.3.5.2 Product Launches and Product Expansions:
7.3.5.3 Acquisition and Mergers:
7.4 Smith & Nephew PLC
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Regional and Segmental Analysis
7.4.4 Research & Development Expense
7.4.5 Recent strategies and developments:
7.4.5.1 Product Launches and Product Expansions:
7.4.5.2 Acquisition and Mergers:
7.5 Ossur Hf.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Product Launches and Product Expansions:
7.5.5.2 Acquisition and Mergers:
7.6 Enovis Corporation
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expenses
7.6.5 Recent strategies and developments:
7.6.5.1 Product Launches and Product Expansions:
7.6.5.2 Acquisition and Mergers:
7.6.5.3 Approvals & Trials:
7.7 Acumed LLC (Colson Medical, Inc.)
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Product Launches and Product Expansions:
7.8 Arthrex, Inc.
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Product Launches and Product Expansions:
7.9 Paragon 28, Inc.
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Regional Analysis
7.9.4 Research & Development Expenses
7.9.5 Recent strategies and developments:
7.9.5.1 Product Launches and Product Expansions:
7.9.5.2 Acquisition and Mergers:
7.10. Orthofix Medical, Inc.
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expenses
7.10.5 Recent strategies and developments:
7.10.5.1 Product Launches and Product Expansions:
7.10.5.2 Approvals & Trials:
TABLE 1 LAMEA Foot And Ankle Devices Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Foot And Ankle Devices Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Foot and Ankle Devices Market
TABLE 4 Product Launches And Product Expansions– Foot and Ankle Devices Market
TABLE 5 Acquisition and Mergers– Foot and Ankle Devices Market
TABLE 6 Approvals & Trials – Foot and Ankle Devices Market
TABLE 7 LAMEA Foot And Ankle Devices Market by Application, 2018 - 2021, USD Million
TABLE 8 LAMEA Foot And Ankle Devices Market by Application, 2022 - 2028, USD Million
TABLE 9 LAMEA Trauma Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Trauma Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Osteoarthritis Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Osteoarthritis Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Rheumatoid Arthritis Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Rheumatoid Arthritis Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Hammertoe Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Hammertoe Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Osteoporosis Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Osteoporosis Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Neurological Disorders Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Neurological Disorders Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Bunions Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Bunions Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Foot And Ankle Devices Market by Product, 2018 - 2021, USD Million
TABLE 24 LAMEA Foot And Ankle Devices Market by Product, 2022 - 2028, USD Million
TABLE 25 LAMEA Orthopedic Fixation Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Orthopedic Fixation Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Joint Implants Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Joint Implants Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Bracing & Support Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Bracing & Support Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA Prosthetics Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Prosthetics Market by Country, 2022 - 2028, USD Million
TABLE 33 LAMEA Soft Tissue Orthopedic Devices Market by Country, 2018 - 2021, USD Million
TABLE 34 LAMEA Soft Tissue Orthopedic Devices Market by Country, 2022 - 2028, USD Million
TABLE 35 LAMEA Foot And Ankle Devices Market by Country, 2018 - 2021, USD Million
TABLE 36 LAMEA Foot And Ankle Devices Market by Country, 2022 - 2028, USD Million
TABLE 37 Brazil Foot And Ankle Devices Market, 2018 - 2021, USD Million
TABLE 38 Brazil Foot And Ankle Devices Market, 2022 - 2028, USD Million
TABLE 39 Brazil Foot And Ankle Devices Market by Application, 2018 - 2021, USD Million
TABLE 40 Brazil Foot And Ankle Devices Market by Application, 2022 - 2028, USD Million
TABLE 41 Brazil Foot And Ankle Devices Market by Product, 2018 - 2021, USD Million
TABLE 42 Brazil Foot And Ankle Devices Market by Product, 2022 - 2028, USD Million
TABLE 43 Argentina Foot And Ankle Devices Market, 2018 - 2021, USD Million
TABLE 44 Argentina Foot And Ankle Devices Market, 2022 - 2028, USD Million
TABLE 45 Argentina Foot And Ankle Devices Market by Application, 2018 - 2021, USD Million
TABLE 46 Argentina Foot And Ankle Devices Market by Application, 2022 - 2028, USD Million
TABLE 47 Argentina Foot And Ankle Devices Market by Product, 2018 - 2021, USD Million
TABLE 48 Argentina Foot And Ankle Devices Market by Product, 2022 - 2028, USD Million
TABLE 49 UAE Foot And Ankle Devices Market, 2018 - 2021, USD Million
TABLE 50 UAE Foot And Ankle Devices Market, 2022 - 2028, USD Million
TABLE 51 UAE Foot And Ankle Devices Market by Application, 2018 - 2021, USD Million
TABLE 52 UAE Foot And Ankle Devices Market by Application, 2022 - 2028, USD Million
TABLE 53 UAE Foot And Ankle Devices Market by Product, 2018 - 2021, USD Million
TABLE 54 UAE Foot And Ankle Devices Market by Product, 2022 - 2028, USD Million
TABLE 55 Saudi Arabia Foot And Ankle Devices Market, 2018 - 2021, USD Million
TABLE 56 Saudi Arabia Foot And Ankle Devices Market, 2022 - 2028, USD Million
TABLE 57 Saudi Arabia Foot And Ankle Devices Market by Application, 2018 - 2021, USD Million
TABLE 58 Saudi Arabia Foot And Ankle Devices Market by Application, 2022 - 2028, USD Million
TABLE 59 Saudi Arabia Foot And Ankle Devices Market by Product, 2018 - 2021, USD Million
TABLE 60 Saudi Arabia Foot And Ankle Devices Market by Product, 2022 - 2028, USD Million
TABLE 61 South Africa Foot And Ankle Devices Market, 2018 - 2021, USD Million
TABLE 62 South Africa Foot And Ankle Devices Market, 2022 - 2028, USD Million
TABLE 63 South Africa Foot And Ankle Devices Market by Application, 2018 - 2021, USD Million
TABLE 64 South Africa Foot And Ankle Devices Market by Application, 2022 - 2028, USD Million
TABLE 65 South Africa Foot And Ankle Devices Market by Product, 2018 - 2021, USD Million
TABLE 66 South Africa Foot And Ankle Devices Market by Product, 2022 - 2028, USD Million
TABLE 67 Nigeria Foot And Ankle Devices Market, 2018 - 2021, USD Million
TABLE 68 Nigeria Foot And Ankle Devices Market, 2022 - 2028, USD Million
TABLE 69 Nigeria Foot And Ankle Devices Market by Application, 2018 - 2021, USD Million
TABLE 70 Nigeria Foot And Ankle Devices Market by Application, 2022 - 2028, USD Million
TABLE 71 Nigeria Foot And Ankle Devices Market by Product, 2018 - 2021, USD Million
TABLE 72 Nigeria Foot And Ankle Devices Market by Product, 2022 - 2028, USD Million
TABLE 73 Rest of LAMEA Foot And Ankle Devices Market, 2018 - 2021, USD Million
TABLE 74 Rest of LAMEA Foot And Ankle Devices Market, 2022 - 2028, USD Million
TABLE 75 Rest of LAMEA Foot And Ankle Devices Market by Application, 2018 - 2021, USD Million
TABLE 76 Rest of LAMEA Foot And Ankle Devices Market by Application, 2022 - 2028, USD Million
TABLE 77 Rest of LAMEA Foot And Ankle Devices Market by Product, 2018 - 2021, USD Million
TABLE 78 Rest of LAMEA Foot And Ankle Devices Market by Product, 2022 - 2028, USD Million
TABLE 79 key Information – Stryker Corporation
TABLE 80 Key Information – DePuy Synthes
TABLE 81 key Information – Zimmer Biomet Holdings, Inc.
TABLE 82 key Information – Smith & Nephew PLC
TABLE 83 Key Information – Ossur Hf.
TABLE 84 Key Information – Enovis Corporation
TABLE 85 Key Information – Acumed LLC
TABLE 86 Key information – Arthrex, Inc.
TABLE 87 Key Information – Paragon 28, Inc.
TABLE 88 Key Information – Orthofix Medical, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions: 2019, Feb – 2023, Jan) Leading Players
FIG 5 Recent strategies and developments: Stryker Corporation
FIG 6 Recent strategies and developments: Zimmer Biomet Holdings, Inc.
FIG 7 Recent strategies and developments: Smith & Nephew PLC
FIG 8 Recent strategies and developments: Ossur Hf.
FIG 9 Recent strategies and developments: Enovis Corporation
FIG 10 Recent strategies and developments: Paragon 28, Inc.
FIG 11 Recent strategies and developments: Orthofix Medical, Inc.