What Has Been the Growth Trajectory for the Foot Drop Treatment Devices Market in Recent Years?
The foot drop treatment devices market has seen considerable growth due to a variety of factors.
• The market size for devices used in the treatment of foot drop has seen significant growth in the last few years. The market is projected to rise from $2.28 billion in 2024 to $2.47 billion in 2025, experiencing a compound annual growth rate (CAGR) of 8.5%.
Factors contributing to this historical growth pattern include increased awareness about the existing treatments for foot drop, government initiatives in healthcare that focus on better access to assistive devices, a growing preference for non-invasive and comfortable treatment approaches, enhancements in healthcare infrastructure, and a rising number of traumatic brain injury cases.
What Does the Future Hold for the Foot Drop Treatment Devices Market?
The foot drop treatment devices market is expected to maintain its strong growth trajectory in upcoming years.
• The market for foot drop treatment devices is anticipated to witness robust growth in the upcoming years, expanding to $3.38 billion in 2029 at an 8.2% compound annual growth rate (CAGR). This projected expansion during the forecast period can be linked to a rise in neurological disorders, an increase in the elderly population, a growth in stroke survivors who require foot drop treatment devices, the expansion of home healthcare services, and an increasing number of patients with spinal cord injuries resulting in foot drop conditions. Key trends likely to emerge during the forecast period include medical technology advancements enhancing foot drop treatment devices, the adoption of wearable devices for mobility assistance, breakthroughs in functional electrical stimulation technology, the creation of customizable and adjustable foot drop devices, and the broadening of rehabilitation programs.
Which Factors Are Boosting Growth In The Foot Drop Treatment Devices Market?
The foot drop treatment devices market is anticipated to witness an upswing, primarily due to the escalating occurrence of neurological disorders and injuries. Neurological disorders and injuries are conditions which disturb functioning of the brain, spinal cord and nerves, leading to impairment of motor skills, sensation, cognition and behavior as a result of damage, disease, or decay of the nervous system. Factors such as an aging global populace, greater awareness and diagnosis, lifestyle factors, environmental factors, along with advancements in medical technology that support improved detection and treatment, are driving up the prevalence of these conditions. Foot drop treatment devices, which are crucial for those suffering from such maladies, provide much needed support and stability, assisting in foot lifting and therefore improving mobility whilst enhancing life quality. For example, in October 2023, the World Federation of Neurology, a UK-based association of national neurological societies, revealed that about 40% of the global populace is presently affected by some neurological condition, a number expected to almost double by 2050. Hence, the rising incidence of neurological disorders and injuries is acting as a catalyst for the growth of the foot drop treatment devices market.
What Are The Primary Segments In The Global Foot Drop Treatment Devices Market?
The foot drop treatment devices market covered in this report is segmented –
1) By Product Type: Electrical Stimulator, Braces Or Splints
2) By Application: Neuropathy, Muscle Disorders, Brain And Spinal Disorders, Other Applications
3) By End User: Hospitals, Ambulatory Surgical Centers, Clinics, Homecare Settings
Subsegments:
1) By Electrical Stimulator: Functional Electrical Stimulation (FES) Devices, Neuromuscular Electrical Stimulation (NMES) Devices, Transcutaneous Electrical Nerve Stimulation (TENS) Devices, Others
2) By Braces Or Splints: Ankle-Foot Orthoses (AFO), Dynamic Ankle-Foot Orthoses (DAFO), Hinged Ankle Braces, Custom-Made Braces, Others
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Which Key Trends Are Driving Changes In The Foot Drop Treatment Devices Market?
Leading enterprises within the foot drop treatment devices industry are intensifying their efforts to invent cutting-edge products, including wearable devices, which promote effortless assimilation into everyday routines while simultaneously tracking health and activities. Such wearable tools, powered by technology, are designed to be donned on or near the foot, with the intent to monitor, support or enhance foot functioning. For example, in March 2022, Cionic, a neurotechnology firm situated in the US, obtained FDA authorization for its revolutionary Neural Sleeve. This state-of-the-art device is crafted to offer functional electrical stimulation, enabling ankle dorsiflexion and plantarflexion, while also assisting in the flexion and extension of the knee. It takes care of foot drop and muscle debility resulting from neurological issues such as multiple sclerosis, stroke, cerebral palsy, and spinal cord damages. The Neural Sleeve improves movement and gait by specifically targeting muscles. The FDA clearance came on the heels of comprehensive multicenter research, revealing significant gait enhancements among those suffering from foot drop. This clearly demonstrates the device's promising transformative capacity for individuals with neurological afflictions.
Who Are the Key Players in the Foot Drop Treatment Devices Market?
Major companies operating in the foot drop treatment devices market are include:
• Cardinal Health Inc.
• Stryker Corporation
• Henry Schein Inc.
• Smith & Nephew LLC
• Ottobock
• Hanger Inc.
• Ossur
• Bauerfeind USA Inc.
• Breg Inc.
• B. Braun Melsungen AG
• Trulife Ltd.
• Orthomerica Products Inc.
• Bioness Inc.
• Evolution Health Care Pvt. Ltd.
• Aspen Medical Products
• Allard Inc.
• Footmaxx
• ProCare
• DJO Global Inc.
• ALIMCO
• Saebo Inc.
• Axio Bionics LLC
• Thrive Orthopedics
• Turbomed Orthotics
• Accord Medical Products Private Limited
What Is The Most Dominant Region In The Foot Drop Treatment Devices Market?
North America was the largest region in the foot drop treatment devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the foot drop treatment devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
