Australia Foot And Ankle Devices Market Size & Outlook
Australia foot and ankle devices market, 2018-2030 (US$M)
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Australia foot and ankle devices market highlights
- The Australia foot and ankle devices market generated a revenue of USD 31.5 million in 2023 and is expected to reach USD 57.0 million by 2030.
- The Australia market is expected to grow at a CAGR of 8.9% from 2024 to 2030.
- In terms of segment, orthopedic fixation was the largest revenue generating product in 2023.
- Soft Tissue Orthopedic Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Foot and ankle devices market data book summary
| Market revenue in 2023 | USD 31.5 million |
| Market revenue in 2030 | USD 57.0 million |
| Growth rate | 8.9% (CAGR from 2023 to 2030) |
| Largest segment | Orthopedic fixation |
| Fastest growing segment | Soft Tissue Orthopedic Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bracing & Support, Joint Implants, Soft Tissue Orthopedic Devices, Orthopedic Fixation, Prosthetics |
| Key market players worldwide | Stryker Corp, Johnson & Johnson, Zimmer Biomet Holdings Inc, Smith & Nephew PLC, Enovis Corp, Acumed, Arthrex, Paragon 28 Inc, Orthofix Medical Inc |
Other key industry trends
- In terms of revenue, Australia accounted for 0.7% of the global foot and ankle devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan foot and ankle devices market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 193.5 million by 2030.
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Foot And Ankle Devices Market Scope
Foot And Ankle Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia foot and ankle devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to foot and ankle devices market will help companies and investors design strategic landscapes.
Orthopedic fixation was the largest segment with a revenue share of 33.02% in 2023. Horizon Databook has segmented the Australia foot and ankle devices market based on bracing & support, joint implants, soft tissue orthopedic devices, orthopedic fixation, prosthetics covering the revenue growth of each sub-segment from 2018 to 2030.
There is a high demand for a wide range of medical equipment in Australia. The market is very competitive and mature. The country's population expects superior-quality medical treatments, and there is a constant need for state-of-the-art medical products.
The demand for medical products and other healthcare services is projected to increase, owing to continuous technological developments, rapidly aging population, increasing burden of chronic diseases, and growing individual income.
Australia has one of the longest life expectancies across the globe & the demand for medical devices is expected to grow with increase in the geriatric population. Opportunities exist for products that can provide a significant improvement in clinical outcomes. There is also growing demand for products that aid faster recovery, reduce hospitalization, & rehabilitation costs, and manage chronic diseases.
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Our clientele includes a mix of foot and ankle devices market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia foot and ankle devices market, including forecasts for subscribers. This country databook contains high-level insights into Australia foot and ankle devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia foot and ankle devices market size, by product, 2018-2030 (US$M)
Australia Foot And Ankle Devices Market Share, 2023 & 2030 (US$M)
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