- The key vendors in the Global Foot and Ankle Devices Market 2015-2019 are Arthrex Inc., Stryker Corp. and Wright Medical Group Inc.
London, 25 November 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Foot and Ankle Devices Market 2015-2019. An increase in the number of total ankle replacement procedures and the preference for TAR over fusion procedures is one of the major trends expected to propel the growth of the market. TAR procedures enable flexibility of the ankles post-surgery, unlike the rigidity provided by fusion procedures. The market is expected to witness an improvement in its growth rate and post a CAGR of 6.67 percent during the period 2014-2019.
“The versatility and applicability of locking and hybrid plates are expected to increase the demand for foot and ankle devices during the forecast period,” says Faisal Ghaus, Vice President of TechNavio Research.
“Locking and hybrid plates tend to offer greater fixation of bones, which is beneficial for comminuted fractures or patients with poor bone stock.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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