UK Foot And Ankle Devices Market Size & Outlook, 2023-2030
UK foot and ankle devices market, 2018-2030 (US$M)
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UK foot and ankle devices market highlights
- The UK foot and ankle devices market generated a revenue of USD 112.4 million in 2023 and is expected to reach USD 186.2 million by 2030.
- The UK market is expected to grow at a CAGR of 7.5% 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 112.4 million |
| Market revenue in 2030 | USD 186.2 million |
| Growth rate | 7.5% (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, UK accounted for 2.5% 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 |
|---|
UK 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 33.27% in 2023. Horizon Databook has segmented the UK 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.
In the UK, many small-scale medical device companies and global manufacturers form the medical device manufacturing market. There are around 3,800 companies in the medical technology sector, and small and medium-sized enterprises hold 98% of the market.
There are many large companies in the U.S., which have subsidiaries in the UK. Orthopedics is the main strength of UK manufacturers, and fields like cardiovascular devices, imaging, and diagnostics play a major role in making the UK strong in the field of manufacturing medical devices.
The demand for regulatory affairs services such as legal representation is expected to rise, as many small and midsize manufacturers are exporting medical devices to the UK and are not having an established manufacturing facility in the country. The demand for outsourcing services is also expected to increase with the implementation of new MDR and IVDR regulations in the EU region.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UK foot and ankle devices market, including forecasts for subscribers. This country databook contains high-level insights into UK foot and ankle devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK foot and ankle devices market size, by product, 2018-2030 (US$M)
UK Foot And Ankle Devices Market Share, 2023 & 2030 (US$M)
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