The article cited AMA's Global Foot & Ankle Braces Market Study explored substantial growth with CAGR of 7.0%. According the report, Growing Acceptance of Ankle Splint in Bone Treatment
is one of the primary growth factors for the market. Rising Focus on Safe Driving Within Along with Growing Number of Road Accident
is also expected to contribute significantly to the Foot & Ankle Braces market. Overall, Clinics
applications of Foot & Ankle Braces, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Foot & Ankle Braces market identified that the demand is rising in many different parts of the world as "The Upsurge in Alertness of Regarding Use of Ankle Splinters
". Furthermore, some recent industry insights like "In October 2023, Bauerfeind, a German manufacturer of sports braces and supports, partnered with the American Academy of Podiatric Medicine to develop educational resources for podiatrists on foot & ankle injuries." is constantly making the industry dynamic. One of the challenges that industry facing is "High Cost Associated with Raw Material and Lack of Awareness Among End Users"
The Category, such as Ankle Splints & Stirrups, is boosting the Foot & Ankle Braces market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Distribution Channels, such as Online Channels, is boosting the Foot & Ankle Braces market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Foot & Ankle Braces market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Foot & Ankle Braces market and other related sub-markets covered in the study.
o Key & emerging players in the Foot & Ankle Braces market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Foot & Ankle Braces market size is calculated using market estimation process, the Foot & Ankle Braces market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Foot & Ankle Braces market size has been validated using both top-down and bottom-up approaches.