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(EuropeNewsWire.Net, May 18, 2017 ) The Europe Foot and Ankle Devices Market research report, published by Market Data Forecast estimates that the market itself was worth $1.22 billion in 2016 and expected to grow at a CAGR of 7.10%, to reach $1.71 billion by 2021 with a cumulative growth rate of $0.49 billion in the span of five years.
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The foot-ankle devices have gained a significant amount of importance since the introduction of technologically advanced devices and materials such as the microprocessor controlled, carbon fiber, and hydraulic controlled prosthetic feet. The devices are available for minor strains and twists but they are also used as heavy duty braces for post-operative recuperation to provide stability and comfort. Foot and Ankle Devices Market Products are used for the treatment of injuries caused by orthopedic disorders. These devices also replace the foot lost/ damaged due to amputation, trauma, or congenital conditions. Technological advancements have made these devices lighter and stronger, restricting the additional amount of energy to be applied by the organ; this is driving the market for these devices.
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The report also presents detailed analysis of multitude of factors affecting the Foot and Ankle Devices market bearing either positive or negative outcomes. Some of those factors are:
Rise in sports injuries
Increasing incidences of road accidents
Rise in rate of diabetes
Regular entry of new and innovative products
High cost of some of foot and ankle devices
Implied excise tax on medical devices
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For granular level understanding the Foot and Ankle Devices Market segmented based on product and application, each being provided with Market Size Estimates and Y-o-Y Forecasts. Europe market for Foot and Ankle Devices is segmented based on Product and Cause of injury. By Products, the market is further sub-segmented into Orthopedic Implants and Devices, Prostheses, Bracing and Supporting Devices. By Cause of Injury, the market is further sub-segmented into Trauma, Diabetes, Neurological Disorders, osteoporosis, rheumatoid arthritis, osteoarthritis, hammertoe, bunions.
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Geographically, Europe market for Foot and Ankle Devices is segmented into Germany, UK., France, Spain and Italy. Europe is the second biggest market in terms of market share across the globe. This region is filled with well-established companies which expertise in the area of Foot and Ankle devices and are hence, having a stagnant market growth.
Stryker Corporation, Arthrex, Inc., Zimmer Biomet Holdings, Inc. , Smith & Nephew plc, Wright Medical Technology, Inc., Integra Lifesciences Holdings Corporation, Tornier N.V., Φssur, Acumed and Extremity Medical, LLC, are the major players of Europe Foot and Ankle Devices market.
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The European Foot and Ankles Devices Market report offers wide-range of scope:
Regional and country-level analysis that provides an individual perspective of Europe region and the aforementioned countries
Know more about key areas of industry growth via detailed Segment-level analysis on basis of product type long with market size forecasts and y-o-y estimations
Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
Strategic Analyses containing PESTLE and Porters Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics
Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
Market Outlook - Investment opportunities devised by stand in experts to provide both individuals and organizations a strong financial foothold in the market
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