FOOT AND ANKLE DEVICES MARKET ANALYSIS
Furthermore, subsequent product launches, continuous innovation of devices by manufacturers drive the global foot and ankle devices market growth over the forecast period. For instance, in March 2017, Integra LifeSciences Holdings Corporation launched the Cadence Total Ankle System in the U.S., which is used to treat ankle arthritis by replacing the ankle joint with a prosthesis, which reduces the pain and allows the movement at the replaced joint.
Approvals received by products from regulatory bodies associated with the treatment of forefoot conditions expected to fuel growth of the market. For instance, in January 2019, OSSIO, an orthopedic fixation company, announced that its OSSIOfiber Bone Pin Family received 510(k) market clearance from the U.S. Food and Drug Administration (FDA). OSSIOfiber platform will have the broad application in spectrum of orthopedics as it is used commercially in foot and ankle segment for the treatment of forefoot conditions.
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