Industry Background:
Foot & ankle braces support ankle and foot patients with a host of design and functional innovations that improve therapeutic results and pain relief. Companies are providing advanced knitting structure developed for knitted ankle support that delivers gradient compression and increases stability. These are available with special features including adjustable heel pads and pressure-free cuffs to a walker with a rocker bottom.
According to AMA Research, the market for Foot & Ankle Braces is expected to register a CAGR of 7.0% during the forecast period to 2030. This growth is primarily driven by Rising Focus on Safe Driving Within Along with Growing Number of Road Accident
.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Facilities sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Bauerfeind AG (Germany), DeRoyal Industries (United States), DJO Global (United States), Ossur (Iceland), Ottobock (Germany), BSN Medical (Germany), Breg (United States), BioSkin Bracing Solutions (United States), DJO, LLC (United States) and Novamed (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
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.The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on the production technologies, efficiency enhancement, and product life. There is a various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies.
Influencing Trend:
Growing Acceptance of Ankle Splint in Bone Treatment and Increase in Demand for Customised and Comfortable Splints
Market Growth Drivers:
Rising Focus on Safe Driving Within Along with Growing Number of Road Accident and Increase in Professional Sporting Activities and Related Sport Injuries
Challenges:
High Cost Associated with Raw Material and Lack of Awareness Among End Users
Restraints:
Stringent Rules and Regulation for Healthcare Supplies
Opportunities:
The Upsurge in Alertness of Regarding Use of Ankle Splinters and High Availability of Online Sales Channels
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Foot & Ankle Braces Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Foot & Ankle Braces Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Foot & Ankle Braces players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Foot & Ankle Braces Study Sheds Light on
The Foot & Ankle Braces Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Foot & Ankle Braces industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Foot & Ankle Braces industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.