Market revenue in 2023 | USD 112.6 million |
Market revenue in 2030 | USD 173.1 million |
Growth rate | 6.3% (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 |
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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 33.13% in 2023. Horizon Databook has segmented the Canada 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.
The medical device outsourcing market in Canada is highly competitive, with several key players operating in the country. Some major players are Global Regulatory Partners, Sterigenics U.S., LLC (GTCR, LLC), and Celestica, Inc. These players compete on factors such as product quality, reliability, capacity, and cost-effectiveness to attract and retain clients.
Moreover, increasing government funding for developing new medical devices. For instance, in October 2023, the federal government disclosed an investment of nearly USD 3 million in six medical & technology companies in Nova Scotia.
This financial support is intended to assist these companies in expanding their operations and improving their products. Adaptiiv Medical Technologies, a company specializing in the production of 3D-printed accessories utilized in radiotherapy, has been granted USD 963,164 as part of the investment.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada foot and ankle devices market, including forecasts for subscribers. This country databook contains high-level insights into Canada foot and ankle devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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