Global Foot & Ankle Braces Market Overview:
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. Some of the players profiled in the study are 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).
On the basis of geography, the market of Foot & Ankle Braces has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Category, the sub-segment i.e. Ankle Splints & Stirrups will boost the Foot & Ankle Braces market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Online Channels will boost the Foot & Ankle Braces market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Rising Focus on Safe Driving Within Along with Growing Number of Road Accident
- Increase in Professional Sporting Activities and Related Sport Injuries
- Growing Acceptance of Ankle Splint in Bone Treatment
- Increase in Demand for Customised and Comfortable Splints
- Stringent Rules and Regulation for Healthcare Supplies
- The Upsurge in Alertness of Regarding Use of Ankle Splinters
- High Availability of Online Sales Channels
- High Cost Associated with Raw Material
- Lack of Awareness Among End Users
Key Market Developments:
In Jun 2020, DJO revealed its new addition of knee braces known as X-ROM Post-Op Knee brace. It is designed with advanced features including an enhanced range of motion, lightweight design, and others. Through this initiative, the company is aiming to gain major market share in this industry.
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.
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Foot & Ankle Braces Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global Foot & Ankle Braces market on the basis of product [Lace-Up Ankle Braces, Rigid Ankle Braces, Soft Ankle Braces and Others] , application [Clinics, Hospitals and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Foot & Ankle Braces market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Foot & Ankle Braces industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are ActiveForever (United States), BraceAbility (United States) and BraceFit (Australia).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Foot & Ankle Braces market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.