Market Overview:
The global foot & ankle braces market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing incidence of foot and ankle injuries, rising awareness about foot and ankle braces, and technological advancements in the field of foot & ankle braces. Based on type, the global Foot & Ankle Braces Market is segmented into lace up ankle braces, rigid ankle braces, soft anklet brace and others. Lace up Ankle Braces are expected to dominate the market due to their high demand for protection against injuries. Based on application, clinics are estimated to account for a major share of the Foot & Ankle Braces Market owing to their widespread use for diagnosis and treatment purposes across various regions worldwide.
Product Definition:
Foot and ankle braces are devices that are used to support and protect the foot and ankle. They are often used to treat conditions such as plantar fasciitis, Achilles tendonitis, or heel spurs. Foot and ankle braces can also be used to prevent injuries in athletes.
Lace Up Ankle Braces:
Lace up ankle braces are used to support and stabilize the foot and ankle during treatment. They are also used as a preventative measure for sprains, fractures, ligament damage or tendons & nerves that pass through the foot & ankle. Lace up ankle braces can be classified into two types: rigid and flexible lace up bracelets.
Rigid Ankle Braces:
Rigid ankle braces are also known as orthopedic cast. It is a device used to stabilize an injured foot or ankle. The rigid brace immobilizes the joint and provides support until the healing process takes place. There are different types of braces available in the market with various features, such as multi-functionality, custom made, easy to apply and remove etc., which has led to its increased adoption rate in recent years.
Application Insights:
The clinics segment dominated the market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to rising awareness about foot & ankle injuries and a growing population susceptible to such injuries. Moreover, increasing number of clinics at resorts and tourist places will drive growth further.
Hospitals are also anticipated to witness significant growth owing to rising cases of trauma related foot & ankle injuries across the globe. According with National Center for Biotechnology Information (NCBI) statistics, around 5% - 15% of total annual deaths occur due largely or wholly caused by lower limb trauma leading to amputation or disability in low-income countries like India, China etc., which accounts for highest hospitalization rate globally for these types of accidents every year.
Regional Analysis:
North America dominated the global market in 2017. The presence of a large number of players coupled with high disposable income is expected to drive the regional market over the forecast period. In addition, increasing sports activities and rising cases of ankle sprains are also expected to boost product demand in North America.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to an increase in healthcare expenditure, rise in awareness about available treatment options, and growing patient pool suffering from osteoarthritis or rheumatoid arthritis (OA/ RA) or other foot & ankle conditions such as plantar fasciitis and Bunions that require bracing devices for proper supportive management. In addition, favorable government initiatives on improving healthcare infrastructure are further anticipated to fuel growth over coming years.
Growth Factors:
- Increasing incidence of foot and ankle injuries: The increasing incidence of foot and ankle injuries is one of the key growth drivers for the global Foot & Ankle Braces market. According to a study by the American Academy of Orthopaedic Surgeons, around 2 million people in the U.S. require treatment for foot and ankle injuries every year. This number is expected to rise in the coming years due to the increasing popularity of sports and recreational activities.
- Growing awareness about Foot & Ankle Braces: The growing awareness about Foot & Ankle Braces among consumers is another key growth driver for this market. With technological advancements,Foot & AnkleBraces are becoming more sophisticated and are being used to treat a wider range of conditions than ever before. This has led to an increase in their adoption by consumers, especially those who are looking for an alternative or complementary treatment option to surgery or medication..
Scope Of The Report
Report Attributes
Report Details
Report Title
Foot & Ankle Braces Market Research Report
By Type
Lace Up Ankle Braces, Rigid Ankle Braces, Soft Ankle Braces, Others
By Application
Clinics, Hospitals, Others
By Companies
Bauerfeind AG, DeRoyal Industries, DJO Global, Ossur, Ottobock, BSN Medical, Breg
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Foot & Ankle Braces Market Report Segments:
The global Foot & Ankle Braces market is segmented on the basis of:
Types
Lace Up Ankle Braces, Rigid Ankle Braces, Soft Ankle Braces, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Clinics, Hospitals, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bauerfeind AG
- DeRoyal Industries
- DJO Global
- Ossur
- Ottobock
- BSN Medical
- Breg
Highlights of The Foot & Ankle Braces Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Lace Up Ankle Braces
- Rigid Ankle Braces
- Soft Ankle Braces
- Others
- By Application:
- Clinics
- Hospitals
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Foot & Ankle Braces Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Foot & Ankle Braces are a type of orthopedic device that help to support and protect the foot and ankle. They are typically worn by people who have foot or ankle problems, such as arthritis, bursitis, or tendonitis. Foot & Ankle Braces can also be used to correct alignment issues in the feet and ankles.
Some of the major companies in the foot & ankle braces market are Bauerfeind AG, DeRoyal Industries, DJO Global, Ossur, Ottobock, BSN Medical, Breg.
The foot & ankle braces market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Foot & Ankle Braces Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Foot & Ankle Braces Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Foot & Ankle Braces Market - Supply Chain
4.5. Global Foot & Ankle Braces Market Forecast
4.5.1. Foot & Ankle Braces Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Foot & Ankle Braces Market Size (000 Units) and Y-o-Y Growth
4.5.3. Foot & Ankle Braces Market Absolute $ Opportunity
5. Global Foot & Ankle Braces Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Foot & Ankle Braces Market Size and Volume Forecast by Type
5.3.1. Lace Up Ankle Braces
5.3.2. Rigid Ankle Braces
5.3.3. Soft Ankle Braces
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Foot & Ankle Braces Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Foot & Ankle Braces Market Size and Volume Forecast by Application
6.3.1. Clinics
6.3.2. Hospitals
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Foot & Ankle Braces Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Foot & Ankle Braces Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Foot & Ankle Braces Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Foot & Ankle Braces Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Foot & Ankle Braces Demand Share Forecast, 2019-2026
9. North America Foot & Ankle Braces Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Foot & Ankle Braces Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Foot & Ankle Braces Market Size and Volume Forecast by Application
9.4.1. Clinics
9.4.2. Hospitals
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Foot & Ankle Braces Market Size and Volume Forecast by Type
9.7.1. Lace Up Ankle Braces
9.7.2. Rigid Ankle Braces
9.7.3. Soft Ankle Braces
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Foot & Ankle Braces Demand Share Forecast, 2019-2026
10. Latin America Foot & Ankle Braces Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Foot & Ankle Braces Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Foot & Ankle Braces Market Size and Volume Forecast by Application
10.4.1. Clinics
10.4.2. Hospitals
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Foot & Ankle Braces Market Size and Volume Forecast by Type
10.7.1. Lace Up Ankle Braces
10.7.2. Rigid Ankle Braces
10.7.3. Soft Ankle Braces
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Foot & Ankle Braces Demand Share Forecast, 2019-2026
11. Europe Foot & Ankle Braces Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Foot & Ankle Braces Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Foot & Ankle Braces Market Size and Volume Forecast by Application
11.4.1. Clinics
11.4.2. Hospitals
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Foot & Ankle Braces Market Size and Volume Forecast by Type
11.7.1. Lace Up Ankle Braces
11.7.2. Rigid Ankle Braces
11.7.3. Soft Ankle Braces
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Foot & Ankle Braces Demand Share, 2019-2026
12. Asia Pacific Foot & Ankle Braces Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Foot & Ankle Braces Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Foot & Ankle Braces Market Size and Volume Forecast by Application
12.4.1. Clinics
12.4.2. Hospitals
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Foot & Ankle Braces Market Size and Volume Forecast by Type
12.7.1. Lace Up Ankle Braces
12.7.2. Rigid Ankle Braces
12.7.3. Soft Ankle Braces
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Foot & Ankle Braces Demand Share, 2019-2026
13. Middle East & Africa Foot & Ankle Braces Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Foot & Ankle Braces Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Foot & Ankle Braces Market Size and Volume Forecast by Application
13.4.1. Clinics
13.4.2. Hospitals
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Foot & Ankle Braces Market Size and Volume Forecast by Type
13.7.1. Lace Up Ankle Braces
13.7.2. Rigid Ankle Braces
13.7.3. Soft Ankle Braces
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Foot & Ankle Braces Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Foot & Ankle Braces Market: Market Share Analysis
14.2. Foot & Ankle Braces Distributors and Customers
14.3. Foot & Ankle Braces Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Bauerfeind AG
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. DeRoyal Industries
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. DJO Global
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ossur
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ottobock
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. BSN Medical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Breg
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
