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Overview

Ankle and Foot Braces Market Overview:

According to FutureWise analysis the market for ankle and foot braces is expected to register a CAGR of 9.00% from 2023-2031.

Ankle and foot braces are orthopedic devices designed to relieve pain and provide support, stability, and protection to the ankle and foot. They are often used to treat and prevent injuries, such as sprains, fractures, tendonitis, and other medical conditions affecting the lower extremities. Ankle braces and support are commonly used by athletes to prevent or treat ankle injuries. It's important to note that the choice of brace depends on the specific condition or injury and the individual's needs and activity level. Proper fitting and usage are crucial for the efficacy of these braces. It is always advised to consult with a orthotist for proper assessment and recommendations on selecting and using the right type of brace.

Various types of ankle braces are available, including those made with elastic materials that slip onto the foot and those made with solid material and straps that encase the foot. A brace can help to relieve strain, tension, and pressure on the ankle joint. One of the major functions of an ankle brace is to immobilize the joint, which helps in the reduction of swelling post-injury. Individuals engaged in repetitive activities that stress the ankle and foot, such as running or daily activities, may use braces to reduce the risk of overuse injuries. Many braces can be adjusted or customized to fit individual needs properly.

FutureWise Market Research has published a report that provides an insightful analysis ankle and foot braces market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. According to the analysis conducted by FutureWise research analysts, ankle and foot braces market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.

Major players included in the Ankle and Foot Braces Market:

DJO
Alex Orthopedic
Bell-Horn
Brownmed
Darco
Mabis Healthcare
Essential Medical
Florida Orthopaedic Institute
3M
Medi-Dyne Healthcare
Spenco Medical
Swede-O

(Note: The list of the major players will be updated with the latest market scenario and trends)

Recent Developments in Ankle and Foot Braces Market:

In April 2023- DJO Global Inc., known as EnvoisTM, expanded its ankle and foot portfolio with a knotless syndesmotic repair system by launching EnofixTM with Costrictor® technology. This technology is useful in stabilizing syndesmosis, thus effectively contributing to orthopedic braces and supports.
In March 2022- Breg has partnered with a new distributor, Osmose, to expand the distribution network and product portfolio of bracing, especially foot and ankle products.

Growing participation in sports and physical activities leading to a higher risk of ankle injuries is expected to drive the growth of the ankle and foot braces market during the forecast period. As more people embrace active lifestyles, the higher risk of sprains, strains, and other ankle-related issues is expected to drive a prominent need for effective preventative and rehabilitative measures. This growing demand not only emphasizes the essential role of ankle braces in minimizing injury risks and aiding recovery but also presents a compelling growth trajectory for the ankle and foot braces market. Manufacturers and healthcare providers are likely to witness a growing market landscape as they cater to the rising requirement for advanced ankle support solutions, capitalizing on the evolving preferences of health-conscious consumers seeking reliable means to ensure the longevity and well-being of their active pursuits. Moreover, developing customized and personalized ankle braces is expected to offer an excellent opportunity for market growth. By adopting the concept of customization, the market stands to tap into a distinctive prospect to cater to diverse patient needs and preferences, fostering enhanced user comfort, optimal support, and tailored rehabilitation. This approach aligns with the evolving expectations of consumers seeking personalized healthcare solutions. It empowers manufacturers and healthcare providers to establish a competitive edge through innovative design, advanced materials, and a heightened focus on addressing specific ankle-related challenges. Additionally, continuous advancements in materials and design technologies have significantly boosted the quality of ankle and foot braces, making them more comfortable, lightweight, and effective. These advancements have upgraded the patient experience, offering less invasive solutions and more seamlessly integrated into daily activities, further driving the market growth. However, the high cost of ankle and foot braces may hinder the market growth over the forecast period. High-quality braces offer excellent support and durability but often come with a relatively high price tag. This financial barrier may impede accessibility, particularly in individuals with lower income levels who may find it difficult to spend a substantial portion of their budget on these specialized orthopedic devices. Moreover, in regions with limited healthcare resources or inadequate insurance coverage, acquiring such braces might be prohibitive, potentially leading to suboptimal treatment results for those who need them the most.

Ankle and Foot Braces Market Segmentation:

By Type

Ankle and Foot Support
Ankle and Foot Protection

By Application

Public Hospital
Private Hospital
Home Care
Other

By Region

North America
Europe
Asia-Pacific
Latin America
Middle East and Africa

This market research report also emphasis on factors affecting the growth rate in various regions listed above. A deep-down analysis of region will also be provided in the final version of this market which is based on conclusion of primary interviews and secondary data point gathered during the process.

By region, the market is segmented into North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. North America registered highest share in the market in 2022. Owing to factors such as increasing musculoskeletal disorders in the geriatric population, rising incidences of sports and road injuries, increased sales of knee braces and supports, strong healthcare infrastructure, the existence of important foot and ankle medical device companies, the proliferation of orthopedic surgeries, technological advancements, and huge investments in R&D for innovations is likely to aid the foot and ankle braces market growth in the region. Furthermore, in June 2022, WHO stated accidents involving motor vehicles claim the lives of around 1.3 million people annually. Males are more likely than females to be involved in road traffic accidents. Around 73% of all road traffic fatalities include males under 25, who are nearly three times more likely to die in a road traffic collision than females. Therefore, driving the ankle and foot braces market growth over the forecast period.

Competitive Landscape:

Tier 1 players- established companies in the market with a major market share
Tier 2 players
Emerging players which are growing rapidly
New Entrants

FutureWise Key Takeaways:

Growth prospects
SWOT analysis
Key trends
Key data-points affecting market growth

Objectives of the Study:

To provide with an exhaustive analysis on the Ankle and Foot Braces Market By Type, By Application and By Region.
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions

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1. Market Introduction
- 1. Objectives of the Study
  2. Market Definition
  3. Market Scope
  3.1 . Years Considered for the Study
  3.2 . Market Covered
  4. Currency
  5. Limitations
  6. Stakeholders
2. Research Methodology
- 1. Research Data
  1.1 . Secondary Data
  1.1.1 . Key Data from Secondary Sources
  1.2 . Primary Data
  1.2.1. Key Data from Primary Sources
  2. Market Size Estimation
  3. Market Breakdown and Data Triangulation
  4. Assumptions for the Study
3. Executive Summary
- 1. Market Outlook
  2. Segment Outlook
  3. Competitive Insights
4. Ankle and Foot Braces Market Variables, Trends and Scope
- 1. Market Lineage Outlook
  2. Penetration and Growth Prospect Mapping
  3. Industry Value Chain Analysis
  4. Cost Analysis Breakdown
  5. Type Overview
  6. Regulatory Framework
  6.1. Reimbursement Framework
  6.2. Standards and Compliances
5. Market Overview
- 1. Market Dynamics
  1.1. Market Driver Analysis
  1.1.1. Increasing focus of Ankle and Foot Braces Market Companies on Brand Protection
  1.1.2. Untapped Opportunities in Emerging Regions
  1.2. Market Restraint Analysis
  1.2.1. High Cost Associated with Implementation of Predictive Analysis
  1.3. Industry Challenges
  1.3.1. Presence of Ambiguous Regulatory Framework
6. Ankle and Foot Braces Market Analysis Tools
- 1. Industry Analysis - Porter’s
  1.1. Supplier Power
  1.2. Buyer Power
  1.3. Substitution Threat
  1.4. Threat from New Entrants
  1.5. Competitive Rivalry
  2. Pestel Analysis
  2.1. Political Landscape
  2.2. Environmental Landscape
  2.3. Social Landscape
  2.4. Type Landscape
  2.5. Legal Landscape
  3. Major Deals And Strategic Alliances Analysis
  3.1. Joint Ventures
  3.2. Mergers and Acquisitions
  3.3. Licensing and Partnership
  3.4. Type Collaborations
  3.5. Strategic Divestments
  4. Market Entry Strategies
  5. Case Studies
7. Ankle and Foot Braces Market, By Type Historical Analysis and Forecast 2023-2031 (USD Million)
- 1. Ankle and Foot Support
  2. Ankle and Foot Protection
8. Ankle and Foot Braces Market, By Application Historical Analysis and Forecast 2023-2031 (USD Million)
- 1. Public Hospital
  2. Private Hospital
  3. Home Care
  4. Other
9. North America Ankle and Foot Braces Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
- 1. Introduction
  2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
  2.1. U.S.A
  2.2. Canada
  2.3. Mexico
  3. Market Size (USD Million) Forecast for North America 2023-2031
10. Latin America Ankle and Foot Braces Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
- 1. Introduction
  2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
  2.1. Brazil
  2.2. Venezuela
  2.3. Argentina
  2.4. Rest of Latin America
  3. Market Size (USD Million) Forecast for Latin America 2023-2031
11. Europe Ankle and Foot Braces Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
- 1. Introduction
  2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
  2.1. Germany
  2.2. U.K
  2.3. France
  2.4. Italy
  2.5. Spain
  2.6. Russia
  2.7. Poland
  2.8. Rest of Europe
  3. Market Size (USD Million) Forecast for Europe 2023-2031
12. Asia Pacific Ankle and Foot Braces Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
- 1. Introduction
  2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
  2.1. Japan
  2.2. China
  2.3. India
  2.4. Australia and New Zealand
  2.5. ASEAN
  2.6. Rest of Asia Pacific
  3. Market Size (USD Million) Forecast for Asia Pacific 2023-2031
13. Middle East and Africa Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
- 1. Introduction
  2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
  2.1. Saudi Arabia
  2.2. UAE
  2.3. South Africa
  2.4. Egypt
  3. Market Size (USD Million) Forecast for MEA 2023-2031
14. Market Share Analysis and Competitive Landscape
- 1. Global Landscape - Key Players, Revenue and Presence
  2. Global Share Analysis - Key Players (Tier 1, Tier 2, Tier 3)
  3. Global Emerging Companies
  4. North America - Market Share Analysis and Key Regional Players
  5. Europe - Market Share Analysis and Key Regional Players
  6. Asia Pacific - Market Share Analysis and Key Regional Players
  7. Global Key Player - Growth Matrix
15. Company Profiles (Competition Dashboard, Competitors Deep Dive, Products Offered and Financial Layouts)
- 1. DJO
  1.1. Company Overview
  1.2. Product Portfolio
  1.3. SWOT Analysis
  1.4. Financial Overview
  1.5. Strategic Overview
  2. Alex Orthopedic
  2.1. Company Overview
  2.2. Product Portfolio
  2.3. SWOT Analysis
  2.4. Financial Overview
  2.5. Strategic Overview
  3. Bell-Horn
  3.1. Company Overview
  3.2. Product Portfolio
  3.3. SWOT Analysis
  3.4. Financial Overview
  3.5. Strategic Overview
  4. Brownmed
  4.1. Company Overview
  4.2. Product Portfolio
  4.3. SWOT Analysis
  4.4. Financial Overview
  4.5. Strategic Overview
  5. Darco
  5.1. Company Overview
  5.2. Product Portfolio
  5.3. SWOT Analysis
  5.4. Financial Overview
  5.5. Strategic Overview
  6. Mabis Healthcare
  6.1. Company Overview
  6.2. Product Portfolio
  6.3. SWOT Analysis
  6.4. Financial Overview
  6.5. Strategic Overview
  7. Essential Medical
  7.1. Company Overview
  7.2. Product Portfolio
  7.3. SWOT Analysis
  7.4. Financial Overview
  7.5. Strategic Overview
  8. Florida Orthopaedic Institute
  8.1. Company Overview
  8.2. Product Portfolio
  8.3. SWOT Analysis
  8.4. Financial Overview
  8.5. Strategic Overview
  9. 3M
  9.1. Company Overview
  9.2. Product Portfolio
  9.3. SWOT Analysis
  9.4. Financial Overview
  9.5. Strategic Overview
  10.Medi-Dyne Healthcare
  10.1. Company Overview
  10.2. Product Portfolio
  10.3. SWOT Analysis
  10.4. Financial Overview
  10.5. Strategic Overview
  11.Spenco Medical
  11.1. Company Overview
  11.2. Product Portfolio
  11.3. SWOT Analysis
  11.4. Financial Overview
  11.5. Strategic Overview
  12.Swede-O
  12.1. Company Overview
  12.2. Product Portfolio
  12.3. SWOT Analysis
  12.4. Financial Overview
  12.5. Strategic Overview
16. Pre and Post COVID-19 Impact
- 1. Positive influence on the healthcare industry
  2. The financial disruption of the manufacturing sector
  3. Impact of COVID-19 on emerging companies
  4. Significant mandates in the healthcare regulations initiated by administrations
  5. The overall economic slowdown of the developing and developed nations
17. FutureWise SME Key Takeaway Points for Client

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