F&A – Where the Action Is

The foot and ankle market segment is now, for the first time, considered one of the most lucrative orthopedic segments.

$2-$5 billion, annually

Current estimates put the U.S and worldwide foot and ankle market shares north of $2 billion, and $5 billion, respectively. Annual growth rates are equally as impressive, ranging from 6% to 10%, according to the "Foot And Ankle Devices Global Market Report 2022."

Consolidation will continue

Stryker's acquisition of Wright Medical started the trend. Envois, DePuy Synthes, ConMed, Medartis, and Acumed all followed suit with acquisitions of their own, further setting the stage.

Competition is good

Among the trends playing significant roles in the growth are:

• Patient-specific implants/guides

• Intraoperative guidance systems

• Renewed interest in minimally invasive surgery

• New bioabsorbable implants that may supplant traditional fixation

• Novel closure innovations

Contentious competition is all but certain.