Germany Foot And Ankle Devices Market Size & Outlook
Germany foot and ankle devices market, 2018-2030 (US$M)
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Germany foot and ankle devices market highlights
- The Germany foot and ankle devices market generated a revenue of USD 271.4 million in 2023 and is expected to reach USD 442.8 million by 2030.
- The Germany market is expected to grow at a CAGR of 7.2% 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 271.4 million |
| Market revenue in 2030 | USD 442.8 million |
| Growth rate | 7.2% (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, Germany accounted for 6.1% 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 Europe, Germany foot and ankle devices market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 186.2 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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Germany 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 33.53% in 2023. Horizon Databook has segmented the Germany 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.
Germany medical technology market consists of 95% of small and medium-sized companies or subgroups of larger companies. Germany produces medical equipment of high quality, putting extra emphasis on diagnostic imaging, optical technologies, dental products, and surgical instruments. Germany is the third-largest market in the world and the largest market in Europe.
The substantial share can be attributed to the rise in the need to curb healthcare expenditure in this region. Furthermore, a shorter product development cycle, improved organizational effectiveness, and greater access to higher technology are some other benefits provided by outsourced consulting services, which is promoting the demand for outsourcing in the country.
Owing to the growing demand for medical device outsourcing in the country, CDMOs are expanding their presence in Germany. For instance, in February 2023, Sanner Group expanded its medical device manufacturing facility in Bensheim into Germany. The expansion included the addition of space for the manufacturing of diagnostics, pharmaceutical drug delivery solutions, and medical technology.
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Target buyers of Germany foot and ankle devices market databook
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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 Germany foot and ankle devices market, including forecasts for subscribers. This country databook contains high-level insights into Germany foot and ankle devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany foot and ankle devices market size, by product, 2018-2030 (US$M)
Germany Foot And Ankle Devices Market Share, 2023 & 2030 (US$M)
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