Foot Drop Implants - Market Drivers and Forecast from Technavio

LONDON--()--Technavio analysts forecast the global foot drop implants market to grow at a CAGR of close to 10% during the forecast period 2016-2020, according to their latest report.

The research study covers the present scenario and growth prospects of the global foot drop implants market for 2016-2020. To determine the market size, the study considers revenue generated from the sales of safety goggles and glasses by manufacturers.

The emergence of technologically advanced products such as ActiGait and STIMuSTEP systems will drive the market growth over the next four years, owing to advantages such as improvement in an individual’s movement and walking speed. ActiGait system consists of a heel switch, which communicates wirelessly with a control unit that is worn on a magnetic clip anywhere by an individual. STIMuSTEP foot drop system is an implanted system with electrodes embedded into the epineurium of peroneal nerve’s profound and superficial branches. This system uses electrical stimulation to correct drop foot condition.

Several research institutes are carrying out numerous studies to come up with the simpler use of STIMuSTEP and ActiGait systems. For instance, as per a safety and performance study conducted in Denmark, ActiGait system created safety in utilizing nerve conduction velocity and performance enhancements in walking speed. Some of the other technological advancements include WalkAide by Trulife and L300 by Bioness. These systems are equipped with surface electrodes, control unit, and gait sensors for better footswitch,” says Barath Palada, one of the lead analysts at Technavio for research on orthopedics and medical devices.

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Technavio analysts highlight the following four factors that are contributing to the growth of the global foot drop implants market:

  • Growing nerve injuries leading to foot drop disorders
  • Growing incidence of diabetic neuropathy
  • Growing hip and knee replacement surgeries
  • Increasing sports-related injuries and road traffic accidents

Growing nerve injuries leading to foot drop implants

The surging incidences of nerve injuries is one of the primary driving forces in the foot drop implant market. As per the World Federation of Societies to Anaesthesiologists, ulnar nerve injuries account for over 28% of the total nerve injuries, followed by brachial plexus with around 20%, lumbosacral root with about 16%, and spinal injury with close to 13%. Another factor contributing to foot drop disorders is increase in paralysis condition. The major cause of paralysis is a stroke, spinal injury and multiple sclerosis.

According to CDC, about 800,000 people in the US suffer from stroke annually. The high occurrences of such disorders result in peripheral neuropathy or foot drop. The studies conducted by American Chronic Pain Association estimates that at present, more than two out of 100 individuals are living with peripheral neuropathy. The incidence of foot drop disorders increases to eight per every 100 individuals for aging people, above 55 years,” says Barath.

Growing incidence of diabetic neuropathy fueling the demand for foot drop implants

Another important cause of foot drop disorder is due the nerve damage associated with diabetes, also called diabetic neuropathy. This disease has direct relation to the blood sugar levels in the body, the higher blood sugar levels, the greater chance of nerve injuries throughout the body. With the growing incidences of diabetes across the globe, the market for foot drop implants will also grow subsequently. Several studies suggest that the diabetic patients are more prone to diabetic neuropathy, which is one of the major cause for foot drop disorder. Around 50% of individuals with type 1 and type 2 diabetes have diabetic neuropathy. Also, over 26% of individuals with type 2 diabetes have gone through nerve damage during the diagnosis. Distal symmetrical neuropathy accounts for around 75% of diabetic neuropathy cases.

Growing hip and knee replacement surgeries fueling the demand for foot drop implants

The hip and knee replacement surgeries are the major causes for injury of sciatic nerves. The peroneal nerve passes down the back of the knee and surrounds the top of the fibula. Any complication in hip and knee replacement surgeries lead to foot drop. According to CDC, the demand for total knee replacement surgery is anticipated to grow by 673% to reach around three million by 2030. The instances in which the individuals undergone hip or knee replacement surgeries reporting a foot drop is increasingly considerably. With the surging volume of hip and knee replacement, the requirement of foot drop implants will also increase significantly in the coming years.

Increasing sports-related injuries and road traffic accidents

The growing prevalence of sports-related injuries is another reason for the rising number of foot drop implants. Most of the sports injuries result in the damage or compression of the peroneal nerve. As per the studies conducted by the American Academy of Orthopaedic Surgeons, foot and ankle injuries account for around 25% of sports-related injuries. Moreover, the growing road traffic accidents led to increased foot drop disorder worldwide. According to CDC, out of total road traffic accident injuries, one-third of injuries affect the legs and feet. National Highway Traffic Safety Administration (NHTSA) estimate that the foot injuries account for over 10% of all the injuries.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio analysts forecast the global foot drop implants market to grow at a CAGR of close to 10% during the forecast period 2016-2020, according to their latest report.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com