PUBLISHER: Grand View Research | PRODUCT CODE: 1869673
PUBLISHER: Grand View Research | PRODUCT CODE: 1869673
The global foot and ankle devices market size was estimated at USD 4.88 billion in 2024 and is projected to reach USD 9.21 billion by 2033, growing at a CAGR of 7.35% from 2025 to 2033. Factors such as the rising geriatric population, the urgent need for user-centric foot & ankle devices, the rising demand for minimally invasive surgical procedures, the increasing use of advanced technologies, such as AI & robotics, and the growing prevalence of target diseases, such as osteoporosis, fuel the market growth.
According to Haleon HealthPartner, an ankle sprain is the most frequent injury globally. Around 628,000 sprains happen annually, and 40% of sprain and strain injuries are caused by playing football. The growing career opportunities in sports and the increasing popularity of athletic pursuits are contributing significantly to the growth of the foot and ankle devices industry. As more individuals, especially children and adolescents, engage in sports, the incidence of sports-related injuries is on the rise. According to a Safe Kids Worldwide survey, a young athlete visits a hospital emergency room for a sports-related injury every 25 seconds, with ankle injuries accounting for 15% and knee injuries for 9% of these cases. This alarming trend indicates a pressing need for effective treatment solutions, driving demand for orthopedic devices, particularly those focused on the foot and ankle.
The increasing adoption of minimally invasive treatments is a key market growth driver, as patients and healthcare providers recognize the advantages these techniques offer over traditional open surgeries. Minimally invasive foot and ankle surgeries involve smaller incisions, reduced pain, shorter hospital stays, faster wound healing, and lower risk of complications, making them a preferred option for patients and surgeons. Procedures such as arthroscopy and minimally invasive total joint replacement enable surgeons to perform complex repairs with minimal disruption to surrounding tissues. Such factors are expected to drive the market growth over the forecast period.
Moreover, key players are adopting various strategic initiatives, such as collaborations, signing new partnership agreements, mergers & acquisitions, and geographic expansions, to strengthen their services and gain a competitive advantage over other companies. For instance, in August 2024, DePuy Synthes, part of Johnson and Johnson MedTech, launched the TriLEAP Lower Extremity Anatomic Plating System. This innovative system features low-profile titanium plates specifically designed for foot & ankle surgeons. The plates are tailored for various trauma and reconstructive procedures in the forefoot and midfoot, applicable for both adults and adolescents. The TriLEAP System is intended to stabilize and fuse bones and bone fragments.
Global Foot And Ankle Devices Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country level and provides an analysis of industry trends in each of the sub segments from 2021 to 2033. For this study, Grand View Research, Inc. has segmented the foot and ankle devices market report based on application and region: