Increasing incidence of road and sports-related accidents and injuries are propelling the demand for global foot and ankle devices market. Other drivers for the global foot and ankle devices market include increasing instances of diabetic disorders and related foot conditions and innovations that allow mechanical turns of events such as programmed medical foot and ankle devices. Devices designed by players in the global foot and ankle devices market can be used in the treatment and medical support for various medical conditions such as hammertoe, ligament injuries, rheumatoid osteoarthritis and arthritis, neurological disorders, trauma incidents, diabetic foot diseases, and hairline fractures. Equipment in the global foot and ankle devices market are available in various forms, aimed at treating aforementioned disorders and health conditions. These devices include bracing devices, orthopedic implants and devices, prostheses, and supportive devices.
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Some of the key vendors operating within the global foot and ankle devices market are Advanced Orthopedic Solutions, Ottoback SE & Co. KgaA, Medartis AG, Integra LifeSciences Holdings Corporation, Stryker Corporation, Smith & Nephew plc., and Conmed Corporation, among others. Mergers and acquisitions is witnessed to be a leading strategy employed by major players in global foot and ankle devices market for strengthening their market position. Apart from mergers and acquisitions, players operating within the global foot and ankle devices market are also focusing on new product launches and product innovations to attain higher revenue in the coming years.
North America foot and ankle devices market held the largest share in global industry owing to expanding research and development activities to produce patient explicit foot and ankle devices, innovations in manufacturing and device designing, and increasing prevalence of muscular devices in the region. Another key factor influencing the upward trajectory of global foot and ankle devices market in North America is the strong regional presence of well-established industry players.
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