Global Foot Drop Implants Market Report and Forecast 2024-2032

Global Foot Drop Implants Market Outlook

The global foot drop implants market size is expected to grow at a CAGR of 7.40% during the forecast period of 2024-2032, driven by technological advancements that improve the effectiveness of implants along with growing demand for minimally invasive procedures across the globe.

Global Foot Drop Implants Market Overview

Foot drop is characterized by difficulty in lifting the front part of the foot, often resulting in trouble walking. It is characterised by the patient dragging the front part of the foot while walking. A foot drop implant is a medical device that offers an innovative solution that helps individuals with the condition, allowing them to walk naturally and safely. The implant usually works by electrically stimulating the peroneal nerve which regulates sensation and movement in the lower leg, foot, and toes.

Foot drop can occur as a result of certain neurological, muscular, or anatomical problems, including stroke, multiple sclerosis, spinal cord injury, or cerebral palsy. The rising prevalence of certain neurological conditions, such as stroke, is expected to drive the foot drop implants market demand in the forecast period. According to the latest data from the Stroke Association, it is reported that 1.3 million stroke survivors pertain to the United Kingdom region, with an estimated number of 100,000 individuals having a stroke per year. Furthermore, the data reveals that a stroke has a high prevalence rate, affecting an individual every 5 minutes.  These growing cases of stroke and other conditions, which often cause foot drop, is expected to fuel the demand for effective management solutions such as foot drop implants. Consequently, this will boost the market share for these medical devices in coming years.

The foot drop implants market is witnessing an increase in research initiatives to test the safety and efficacy of foot drop implant devices. For example, in June 2022,  a case study conducted on 21 participants with foot drop associated with a central nervous system lesion, assessed the efficacy of the ActiGait® drop foot stimulator. The study found that the implantable peroneal nerve stimulators improved self-perceived performance, satisfaction with performance, and ambulation in patients with long-lasting central nervous system lesion-induced foot drop. Thus, the availability of such efficient devices in the market is likely to augment the market growth in the forecast period.

Other factors that are driving the foot drop implants market growth are the development of technologically advanced foot drop implant products with improved design and material, rising healthcare expenditure, and the growing demand for minimally invasive treatment options. In addition, heightened patient awareness regarding the availability of advanced treatment options and the increasing elderly population, more susceptible to the conditions resulting in foot drop is anticipated to propel the market growth.

Global Foot Drop Implants Market Trends

Global Foot Drop Implants Market Segmentation

Market Breakup by Product

• Internal Fixation Devices

• Functional Electric Stimulators

The market is segmented by product into internal fixation devices and functional electric stimulators. This segment offers different approaches to addressing foot drop and related conditions.

Market Breakup by Application

• Neuropathy

• Muscle Disorders

• Brain and Spinal Disorders

In terms of application, foot drop implants are used for neuropathy, muscle disorders, and brain and spinal disorders.

Market Breakup by End User

• Hospitals

• Palliative Care Centers

• Orthopedic Centers

• Others

End users of foot drop implants market share include hospitals, palliative care centers, and orthopedic centers, among others. These healthcare facilities offer treatment for foot drop and associated conditions to the affected patients.

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

The market report offers deep insights for various major regional markets including North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. North America holds a major share of the market due to the rising prevalence of neurological conditions and the growing demand for minimally invasive treatment options. The market is also driven by the presence of key market players and a robust healthcare infrastructure in the region.

Global Foot Drop Implants Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• MicroPort Scientific Corporation

• Wright Medical Group N.V.

• Stryker Corporation

• Narang Medical Limited

• Acumed LLC

• Arthrex Inc.

• Finetech Medical

• Saebo Inc.

• Boston Orthotics & Prosthetics

• Ossur

• Zimmer Biomet

• PONTiS

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Highlights of the Report

Key Queries Solved in the Global Foot Drop Implants Market Report

• What is the outlook for the market in terms of growth, emerging trends, and market landscape?
• What will be the effect of each driver, challenge, and opportunity on the market? 
• Which regional market is poised to lead the market share in the forecast period? 
• Which regional market is expected to witness rapid growth during the forecast period? 
• Which product is contributing significantly to the foot drop implants market growth? 
• Which end user in the market is expected to dominate the respective segment? 
• Which application is expected to significantly impact the growth of the market?
• What are the key research initiatives expected to boost the market value during the forecast period? 
• What are the regulatory frameworks impacting the market growth?
• How is technological advancement shaping the future of the market?
• Which segment has the highest impact on the market size? 
• How are partnerships, collaborations, and mergers & acquisitions shaping the market dynamics?