Global Foot and Ankle Devices Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Devices;

External Fixation Devices - Ring Ankle Fixators, Unilateral Fixators & Hybrid Fixators, Internal Fixation Devices - Screws, Plates, Pins & Fusion nails, Prostheses - Multiaxial Prostheses, Solid Ankle Cushion Heel Foot, Single-Axial Prostheses, Dynamic Response Prostheses & Microprocessor-Controlled Prostheses, Joint Implants - Ankle Replacement Devices, Subtalar Joint Reconstruction Devices & Phalangeal Implants, Soft-Tissue Orthopedic Devices - Musculoskeletal Reinforcement Devices & Artificial Tendons & Ligaments, Bracing & Support Devices - Soft Bracing, and Hinged Braces.

By Application;

Trauma, Hammertoe, Neurological Disorders, Osteoarthritis, and Others.

By End-use;

Surgical Centers, Hospitals, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn302081110 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Foot and Ankle Devices Market (USD Million), 2021 - 2031

In the year 2024, the Global Foot and Ankle Devices Market was valued at USD 5,117.61 million. The size of this market is expected to increase to USD 8,545.81 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.6%.

The global foot and ankle devices market encompasses a wide range of medical devices designed to address various conditions and injuries affecting the foot and ankle. These devices include orthopedic implants, prosthetics, braces, and support devices, among others. The market is primarily driven by the rising incidence of foot and ankle disorders, such as osteoarthritis, rheumatoid arthritis, diabetic foot, and sports-related injuries. Additionally, the growing geriatric population, coupled with increasing healthcare expenditure globally, further fuels market growth.

In terms of segmentation, the global foot and ankle devices market can be divided based on product type, application, and end-user. Product types include orthopedic implants, braces and support devices, prosthetics, and others. Applications of these devices range from trauma and orthopedic surgeries to sports injuries and diabetic foot care. End-users primarily include hospitals and specialty clinics, orthopedic centers, ambulatory surgical centers, and rehabilitation centers. Geographically, the market is broadly segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa, with North America and Europe dominating the market due to advanced healthcare infrastructure and higher adoption rates of innovative medical technologies.

Key players in the global foot and ankle devices market include Stryker Corporation, Zimmer Biomet Holdings Inc., Smith & Nephew plc, Arthrex Inc., and Wright Medical Group N.V., among others. These companies engage in strategic initiatives such as product launches, mergers and acquisitions, and partnerships to maintain their market position and gain a competitive edge. Moreover, technological advancements, such as the development of minimally invasive surgical techniques and advanced materials for implants, are anticipated to drive market growth in the coming years. However, factors such as stringent regulatory requirements and the high cost of foot and ankle devices may hinder market expansion to some extent.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Devices
    2. Market Snapshot, By Application
    3. Market Snapshot, By End-use
    4. Market Snapshot, By Region
  4. GlobalFoot and Ankle Devices Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Aging Population
        2. Technological Advancements
        3. Increasing Awareness
      2. Restraints
        1. Regulatory Challenges
        2. High Cost of Devices
        3. Limited Reimbursement Policies
      3. Opportunities
        1. Emerging Markets
        2. Customization and Personalization
        3. Telemedicine and Remote Monitoring
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Foot and Ankle Devices Market, By Devices, 2021 - 2031 (USD Million)
      1. External Fixation Devices - Ring Ankle Fixators
      2. Unilateral Fixators & Hybrid Fixators
      3. Internal Fixation Devices - Screws
      4. Plates
      5. Pins & Fusion Nails
      6. Prostheses - Multiaxial Prostheses
      7. Solid Ankle Cushion Heel Foot
      8. Single-Axial Prostheses
      9. Dynamic Response Prostheses & Microprocessor-Controlled Prostheses
      10. Joint Implants - Ankle Replacement Devices
      11. Subtalar Joint Reconstruction Devices & Phalangeal Implants
      12. Soft-Tissue Orthopedic Devices - Musculoskeletal Reinforcement Devices & Artificial Tendons & Ligaments
      13. Bracing & Support Devices - Soft Bracing
      14. Hinged Braces
    2. Global Foot and Ankle Devices Market, By Application, 2021 - 2031 (USD Million)
      1. Trauma
      2. Hammertoe
      3. Neurological Disorders
      4. Osteoarthritis
      5. Others
    3. Global Foot and Ankle Devices Market, By End-use, 2021 - 2031 (USD Million)
      1. Surgical Centers
      2. Hospitals
      3. Others
    4. Global Foot and Ankle Devices Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Stryker Corporation
      2. Arthrex Inc
      3. Zimmer Biomet Holdings Inc
      4. Smith & Nephew plc
      5. Wright Medical Technology Inc
      6. Integra LifeSciences Holdings Corporation
      7. Acumed LLC
      8. Extremity Medical LLC
      9. Tornier N.V.
  7. Analyst Views
  8. Future Outlook of the Market