Emerging Trends and Challenges of Foot and Ankle Devices MarketA Chapter by Markets InsightsThe global foot and ankle devices market size was valued at USD 1.5 billion in 2016 and is projected to grow at a CAGR of 10.03%.The
global Foot And Ankle Devices Market is expected to reach
USD 3.4 billion by 2025, based on a new report by Grand View Research, Inc. The
market is expected to observe an exponential growth during the forecast period
due to the rising incidence of ankle sprains, hammertoe, bunions, osteoporosis
and rheumatoid arthritis. Ankle
fractures are one of the most common types of foot injury. Nearly 170,000
people suffer from ankle fractures per year, which require surgical treatment.
It is one of the nine most common fractures. This can be attributed to the
relatively small surface area of contact in the ankle and the 1.5 times higher
body weight on it at rest & 5.5 times higher forces in case of heavy
activity. This makes the long-term viability of ankle joints crucial. Nearly
50,000 patients are diagnosed with end-stage ankle arthritis per year, wherein
the ankle cartilage is worn out, causing painful bone-on-bone contact and
disability. These patients are recommended total ankle replacements as opposed
to ankle fusion, as it provides higher efficacy, thus driving the market. Favorable
reimbursement scenario for joint replacements is one the major contributors to
its market growth. Medicare, along with some private insurers, reimburses the
procedure. Browse
Details of Report @ http://www.grandviewresearch.com/industry-analysis/foot-and-ankle-devices-market Further
Key Findings From The Study Suggest:
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Added on August 27, 2019 Last Updated on August 27, 2019 Tags: foot and ankle devices market AuthorMarkets InsightsFelton, CAAboutAbout Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer c.. more..Writing
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