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Bharat Book Bureau Provides the Trending Market Research Report on “Foot Drop Treatment Devices- Market Insights, Competitive Landscape and Market Forecast–2027 “under Life Sciences Market Research Report category. The Foot Drop Treatment Devices Market is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
Foot Drop Treatment Devices Market By Product Type (Electrical Stimulator, Braces/Splints), By Application (Neuropathy, Muscle Disorders, Brain & Spinal Disorders, Others), by geography is expected to grow at a steady CAGR forecast till 2027 owing to rising prevalence of various knee-associated musculoskeletal disorders, rising prevalence of neuromuscular diseases
Global Foot Drop Treatment Devices Market is projected to grow at a 8.15% CAGR during the forecast period (2022-2027). The Foot Drop Treatment Devices market is witnessing positive growth owing to the rising prevalence of various knee-associated musculoskeletal disorders, rising prevalence of neuromuscular diseases, and increasing geriatric population among other factors, thereby contributing to the growth of the Foot Drop Treatment Devices market during the forecast period from 2022-2027.
Foot Drop Treatment Devices Market Dynamics:
The foot drop treatment devices market is witnessing a growth in product demand owing to various reasons. The increasing geriatric population across the world who are prone to knee-associated musculoskeletal disorders among others is anticipated to surge the demand for foot drop treatment devices during the forthcoming years. For instance, according to the United Nation’s World Population Ageing 2020 Highlights, globally, there were 727 million persons aged 65 years or over in the world in 2020 and the global number was projected to double, reaching over 1.5 billion in 2050. The growing old-age population is more susceptible to suffering from knee-related musculoskeletal disorders such as arthritis which may drive the product demand ultimately driving the market growth.
Moreover, rising prevalence of Osteoarthritis (OA) further supports the growth of the market. For instance, according to the Arthritis Foundation 2020, OA, the most common form of arthritis, is a serious chronic disease that affects 1 in 7 US adults—32.5 million people. OA is associated with aging and is more common among people with other chronic conditions, such as heart disease, diabetes, and obesity. Yet, over half of adults with OA, 18.7 million, are of working age (18–64 years). Therefore, these factors are interrelated and the rising prevalence of knee osteoarthritis among the senescent population is projected to propel the global market for foot drop treatment devices.
Furthermore, integration of Artificial Intelligence (AI) and Robotics in Foot Drop surgical procedures to enhance the efficiency of devices along with procedures has been observed in various research studies, and an increase in R&D expenditure along with recent product launches of robotic-assisted solutions for the Foot Drop surgeries is likely to boost the global Foot Drop Treatment Devices market.
Furthermore, besides the increase in the geriatric population and integration of Artificial Intelligence, there has been an increase in the number of people living with some form of disability, many of which include complications associated with neuromuscular disorders and need foot drop treatment devices to carry on their day to day activity. According to the factsheet by the World Health Organization (WHO) on Disability and Health, in 2020, over one million people were living with some form of disability.
However, side effects associated with prolonged usage and fitting-related issues may be certain limiting factors to the foot drop treatment devices market growth.
The spread of the COVID-19 infection impacted the growth of the Foot Drop Treatment Devices market. To contain the spread of COVID infections, most governments introduced lockdown and social distancing policies to limit transmission and save human lives from novel coronavirus. The lockdowns further created disruptions to the supply chain, limiting the production distribution, and availability by global players.
Foot Drop Treatment Devices Market Segment Analysis:
Foot Drop Treatment Devices Market By Product Type (Electrical Stimulator, Braces/Splints), By Application (Neuropathy, Muscle Disorders, Brain & Spinal Disorders, Others), and By Geography (North America, Europe, Asia-Pacific, and Rest of the World)
In the Product Type segment of the foot drop treatment devices market, Electrical Stimulator are estimated to hold a significant share in the foot drop treatment devices market in the year 2021. This
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