Foot Drop Treatment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Foot Drop Treatment Market is expected to register a CAGR of 9.5% during the forecast period. Musculoskeletal is a disorder that leads to restricting your mobility and it is one of the major contributors worldwide for disability. Musculoskeletal is one of the major causes of foot drop. According to the Global Burden of Disease Study, in 2017, around 18.8 million people suffered from musculoskeletal conditions in the United Kingdom. Furthermore, emerging trends in the treatment of foot drop are expected to be a major driver. For instance, in 2020 a study was published by Heliyon, a pedi-anklebot robot was evaluated for foot drop treatment. Ankle motor performance was measured and great accuracy in terms of trajectories of the ankle was observed. Thus, it is expected to fuel the demand for foot drop treatment.
* Functional Electrical Stimulator (FES) uses electrical pulses to stimulate the tissues that help in improving the motion, increasing blood circulation and prevents muscular atrophy. According to the study published by World Neurology, in 2019, a FES was evaluated for its effectiveness in regaining the functionality of foot. It was observed that FES was effective in the case of a normal walk among neurogenic drop foot patients.
* Furthermore, the growing burden of the brain and spinal disorders is expected to influence positively on the FES segment market. According to the Neurological Alliance, in 2018, the prevalence of cerebral palsy was approximately 25,273 in England.
North America expected to hold a major market share in the global foot drop treatment market due to the high prevalence of stroke and an increasing number of product approvals. Foot drop can arise due to a stroke. According to the Centre for Disease Control and Prevention, around 795,000 people experience stroke every year in the United States. Furthermore, in 2017, Bioness Inc. received a US FDA (Food Drug & Administration) for its L300 Go system. It involves tracking of user activity, detection of the 3D motion of gait movements and multi-channel stimulation. Hence, these factors are expected to boost the demand for foot drop treatment in this region.
Companies are constantly showing their presence in the market by product launches, collaborations, mergers & acquisitions. For instance, in 2017, Saebo Inc. launched a new device "SaeboStep" into the market for the treatment of foot drop. Its unique design and light weight allow it to complement a variety of shoes. In terms of market share, few of the major players are currently dominating the market. Some of the companies which are currently dominating the market are Ottobock, Bioness Inc., Axio Bionics, Accelerated Care Plus Corporation, Saebo, Inc., Boston Orthotics & Prosthetics, Turbomed Orthotics, Ossur, Thrive Orthopedics and Allard.