Ankle Foot Orthosis - AFO Market Report 2024 (Global Edition)

Global Ankle Foot Orthosis - AFO Market Report 2024 Market Size Split by Type (Carbon Fiber AFO, Plastic AFO, Others), by Condition (Foot ulceration, Tendonitis, Heel pain, Recurrent Stress Fractures ...

Ankle Foot Orthosis - AFO Market Report Description

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Ankle Foot Orthosis - AFO Market Insights Video

Competitive Landscape of the Ankle Foot Orthosis Market

The Ankle Foot Orthosis (AFO) Market is a dynamic environment with a variety of competitors vying for market dominance. Companies are constantly looking for ways to expand their reach with strategies like business acquisitions, introducing innovative orthotic solutions, forging strategic partnerships with other industry players, and launching aggressive marketing campaigns. Key players include established orthotic and prosthetic companies, alongside specialized orthosis producers and rising startups that are bringing new and improved AFO solutions to the market.

January 2024: Ossur announced that the company acquired FIOR & GENTZ Orthopadietechnik mit System. Fior & Gentz develops and distributes custom-made orthotics including ankle foot orthosis. Through this acquisition, Ossur aims to enhance its product portfolio and the companys presence in Germany. (Source: https://www.ossur.com/global/announcement/EA02952E8CA7B7A9) September 2023: DeRoyal Industries announced investment of USD 10.3 million to partner with Premier, Inc. and establish a new medical isolation gown manufacturing facility in Powell, United States. (Source: https://www.knoxnews.com/story/money/business/2023/09/22/powell-company-investing-10-million-in-a-local-manufacturing-plant/70933058007/)

Top Companies Market Share in Ankle Foot Orthosis - AFO Industry: (In no particular order of Rank)

• DJO Global
• Inc.
• Ossur hf.
• Ottobock SE & Co. KGaA
• DeRoyal Industries
• Inc.
• Stryker Corporation
• Anatomical Concepts
• Inc.
• Allard USA
• Inc.
• Restorative Care of America
• Inc.
• Bracemasters International
• LLC
• Fillauer LLC
• Chesapeake Medical Products
• Inc.
• Orthomerica Products
• Inc.
• Trulife Group
• Boston Orthotics & Prosthetics
• Acor Orthopaedic
• Inc.
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Regional Analysis of the Ankle Foot Orthosis Market

Which Region will dominate the Ankle Foot Orthosis Market in 2024 ?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global due to the region’s well-established healthcare infrastructure and higher healthcare expenditures, supporting greater adoption of advanced medical devices like AFOs. Rising incidences of chronic conditions such as diabetes and neurological disorders contribute significantly to market demand. Moreover, technological advancements and innovation in orthotic devices, coupled with strong research and development initiatives, bolster growth. Increasing awareness among healthcare professionals and patients about the benefits of AFOs further stimulates market expansion in North America, making it a pivotal region for orthopedic device manufacturers and providers.

Which Region is Expanding at the Fastest CAGR ?

Asia Pacific stands out as the fastest-growing region in the Ankle Foot Orthosis Market due to increasing geriatric population that leads to a rising need for AFOs to improve stability and manage pain associated with conditions like arthritis and osteoporosis. Additionally, the escalating prevalence of diabetes and its foot complications is driving demand for AFOs as a preventative measure against diabetic foot ulcers. Moreover, a growing emphasis on foot health awareness coupled with a surge in sports participation is fueling the market for both preventive and performance-oriented AFOs. Finally, advancements in AFO technology, offering customizable and cost-effective options, are improving accessibility within this expanding market.

 

The current report Scope analyzes Ankle Foot Orthosis - AFO Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Ankle Foot Orthosis - AFO

According to Cognitive Market Research, the global Ankle Foot Orthosis Market size was estimated at USD 251.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 100.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Ankle Foot Orthosis market with a market size of USD 79.28 million in 2024 and is projected to grow at a CAGR of 2.00% during the forecast period. The demand is amplified by the strong research and development initiatives leading to innovative products to meet patient’s needs.
• The Canada Ankle Foot Orthosis Market had a market share of USD 12.06 million in 2024 and is projected to grow at a CAGR of 3.00% during the forecast period. Canada's increasing government funding and support for healthcare services is driving the demand for Ankle Foot Orthosis.
• The Mexico Ankle Foot Orthosis Market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 9.14 million in 2024.

Europe Ankle Foot Orthosis - AFO

According to Cognitive Market Research, the global Ankle Foot Orthosis Market size was estimated at USD 251.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 75.36 million in 2024 and will grow to a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.

• The United Kingdom Ankle Foot Orthosis Market had a market share of USD 12.66 million in 2024 and is projected to grow at a CAGR of 3.30% during the forecast period. In the UK, Ankle Foot Orthosis sales witness an upswing due to high prevalence of diabetes and related foot complications.
• The France Ankle Foot Orthosis Market is projected to witness growth at a CAGR of 1.70% during the forecast period, with a market size of USD 6.93 million in 2024.
• According to Cognitive Market Research, the Germany Ankle Foot Orthosis Market size was valued at USD 14.92 million in 2024 and is projected to grow at a CAGR of 2.70% during the forecast period. In Germany, Ankle Foot Orthosis sales surged due to strong research and development in medical technology, leading to continuous innovation and improved orthotic solutions.
• The Italy Ankle Foot Orthosis Market is projected to witness growth at a CAGR of 1.9% during the forecast period, with a market size of USD 6.48 million in 2024.
• The Russia Ankle Foot Orthosis Market is projected to witness growth at a CAGR of 1.5% during the forecast period, with a market size of USD 11.68 million in 2024.
• The Spain Ankle Foot Orthosis Market is projected to witness growth at a CAGR of 1.6% during the forecast period with a market size of USD 6.18 million in 2024
• The Luxembourg Ankle Foot Orthosis Market is projected to witness growth at a CAGR of 2.6% during the forecast period, with a market size of USD 2.34 million in 2024.
• The Portugal Ankle Foot Orthosis Market is projected to witness growth at a CAGR of 2.3% during the forecast period, with a market size of USD 1.58 million in 2024.
• The Greece Ankle Foot Orthosis Market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 0.90 million in 2024.
• The Rest of Europe's Ankle Foot Orthosis Market is projected to witness growth at a CAGR of 1.2% during the forecast period, with a market size of USD 11.68 million in 2024.

Asia Pacific Ankle Foot Orthosis - AFO

According to Cognitive Market Research, the global Ankle Foot Orthosis Market size was estimated at USD 251.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 57.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.

• According to Cognitive Market Research, the China Ankle Foot Orthosis Market size was valued at USD 26.00 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Ankle Foot Orthosis sales surged in China due to increasing prevalence of chronic diseases and rising healthcare expenditures, driving demand for orthotic solutions.
• The Japan Ankle Foot Orthosis Market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 7.97 million in 2024.
• The India Ankle Foot Orthosis Market had a market share of USD 6.93 million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period. In India, increasing healthcare awareness and infrastructure development, essential for managing neurological disorders and diabetic foot complications, thereby fostering market growth are driving demand .
• The South Korea Ankle Foot Orthosis Market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 5.78 million in 2024.
• The Australia Ankle Foot Orthosis Market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 3.00 million in 2024.
• The South East Asia Ankle Foot Orthosis Market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 3.99 million in 2024.
• The Rest of Asia Pacific Ankle Foot Orthosis Market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 4.10 million in 2024.

South America Ankle Foot Orthosis - AFO

According to Cognitive Market Research, the global Ankle Foot Orthosis Market size was estimated at USD 251.2 Million, out of which Latin America held the market of around 4.00% of the global revenue with a market size of USD 12.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Ankle Foot Orthosis Market size was valued at USD 5.38 million in 2024 and is projected to grow at a CAGR of 4.00% during the forecast period. Ankle Foot Orthosis sales flourished in Brazil due to advancements in healthcare infrastructure and increasing investments in rehabilitation services, improving accessibility to orthotic devices and enhancing their adoption among patients with neurological conditions and musculoskeletal disorders.
• Argentina Ankle Foot Orthosis Market had a market share of USD 2.11 million in 2024 and is projected to grow at a CAGR of 4.30% during the forecast period. In Argentina, rising healthcare expenditure, increasing awareness about orthotic solutions, and a growing elderly population requiring support for mobility issues and related conditions are increasing demand.
• Colombia Ankle Foot Orthosis Market is projected to witness growth at a CAGR of 3.20% during the forecast period, with a market size of USD 1.12 million in 2024.
• Peru Ankle Foot Orthosis Market is projected to witness growth at a CAGR of 3.60% during the forecast period, with a market size of USD 1.03 million in 2024.
• The Chile Ankle Foot Orthosis Market is projected to witness growth at a CAGR of 3.70% during the forecast period, with a market size of USD 0.9 million in 2024.
• The Rest of Latin America Ankle Foot Orthosis Market is projected to witness growth at a CAGR of 2.50% during the forecast period, with a market size of USD 2.02 million in 2024.

Middle East and Africa Ankle Foot Orthosis - AFO

According to Cognitive Market Research, the global Ankle Foot Orthosis Market size was estimated at USD 251.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 5.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.70% from 2024 to 2031.

• The GCC Countries Ankle Foot Orthosis Market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 2.15 million in 2024. Ankle Foot Orthosis sales flourish due to the government initiatives promoting healthcare advancements and investing in advanced orthotic technologies to cater to the needs of an aging population with mobility issues.
• The Egypt Ankle Foot Orthosis Market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 0.53 million in 2024
• The South Africa Ankle Foot Orthosis Market is projected to witness growth at a CAGR of 4.70% during the forecast period, with a market size of USD 0.79 million in 2024. Ankle Foot Orthosis sales flourish in South Africa due to the growing awareness among healthcare providers and patients about the benefits of orthotic devices in managing conditions like cerebral palsy and stroke-related impairments.
• The Turkey Ankle Foot Orthosis Market is projected to witness growth at a CAGR of 3.20% during the forecast period, with a market size of USD 0.43 million in 2024.
• The Nigeria Ankle Foot Orthosis Market is projected to witness growth at a CAGR of 2.80% during the forecast period, with a market size of USD 0.53 million in 2024.
• The Rest of MEA Ankle Foot Orthosis Market is projected to witness growth at a CAGR of 2.70% during the forecast period, with a market size of USD 0.59 million in 2024.

Ankle Foot Orthosis - AFO Market Analysis

Ankle Foot Orthosis Market Type Segment Analysis

According to Cognitive Market Research, the Plastic AFO segment holds the largest market share primarily due to their affordability, versatility in design, and effectiveness in managing various ankle and foot conditions. They are often prescribed for a wide range of patients, from pediatric to adult populations, and are suitable for both temporary and long-term use. The lower cost of production and relative ease of customization compared to other materials make plastic AFOs accessible to a broader patient base, contributing to their dominant market position.

Carbon Fiber AFO emerges as the fastest-growing category in the Ankle Foot Orthosis Market. Carbon fiber AFOs are gaining popularity due to their lightweight yet durable nature, which provides superior support while maintaining comfort. These devices are particularly favored among active individuals, athletes, and those with specific mobility needs who require robust yet flexible orthotic solutions. The increasing focus on advanced materials and technologies in healthcare, coupled with rising patient preferences for lightweight and high-performance orthotic devices, are driving the rapid growth of carbon fiber AFOs in the market. Furthermore, ongoing technological advancements in carbon fiber manufacturing processes, such as 3D printing and composite material innovations, are further enhancing the capabilities and customization options of carbon fiber AFOs.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Ankle Foot Orthosis - AFO Industry. Request a Free Sample PDF!

Ankle Foot Orthosis Market Condition Segment Analysis

According to Cognitive Market Research, Foot Ulceration currently holds the largest share of the Ankle Foot Orthosis Market. Foot ulceration is a common complication associated with diabetes and other vascular diseases, necessitating the use of AFOs to offload pressure, promote healing, and prevent further complications. The prevalence of diabetes and related conditions is significant globally, contributing to the substantial demand for AFOs designed specifically for managing foot ulcerations. These devices play a crucial role in reducing pressure on affected areas, enhancing patient comfort, and supporting wound healing processes, making them indispensable in diabetic foot care protocols.

The Recurrent Stress Fractures of Foot and Leg Bones segment is expected to be the fastest-growing subsegment in the Ankle Foot Orthosis Market. This condition is increasingly recognized among athletes, active individuals, and those with repetitive strain injuries. AFOs designed to stabilize the foot and ankle, redistribute weight-bearing forces, and provide support during physical activities are gaining traction. The rising awareness about the benefits of preventive orthotic interventions to mitigate the risk of stress fractures and enhance recovery is driving the demand for specialized AFOs in this segment. Furthermore, advancements in orthotic technology, such as the integration of lightweight materials and biomechanical innovations, are enhancing the effectiveness and comfort of AFOs for stress fracture management.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Ankle Foot Orthosis - AFO Application Segment Analysis

Ankle Foot Orthosis Market Application Segment Analysis

According to Cognitive Market Research, Deformity currently hold the largest market share. This segment includes applications where AFOs are used to correct or accommodate structural abnormalities in the foot and ankle, such as drop foot, clubfoot, or ankle instability. AFOs designed for deformity correction provide essential support, stability, and alignment, thereby improving gait mechanics and enhancing overall mobility for patients with musculoskeletal issues. The prevalence of conditions requiring deformity correction, coupled with advancements in orthotic technology that allow for customized and effective solutions, contributes to the substantial market share of this segment.

The Functional Recovery segment is experiencing rapid growth, supported by several factors. Functional recovery AFOs are used to aid in rehabilitation and recovery from injuries or surgical procedures affecting the foot and ankle. These devices facilitate movement, improve muscle function, and support the rehabilitation process, particularly in patients recovering from strokes, spinal cord injuries, or orthopedic surgeries. The increasing emphasis on early mobility and rehabilitation protocols, along with advancements in AFO designs that enhance comfort and compliance, are driving the demand for functional recovery AFOs. Moreover, growing awareness among healthcare providers about the benefits of early intervention and rehabilitation support further accelerates the growth of this segment within the AFO market.

• Functional Recovery
• Deformity

Ankle Foot Orthosis - AFO Distribution Network Segment Analysis

Ankle Foot Orthosis Market Distribution Network Segment Analysis

According to Cognitive Market Research, Hospitals and Clinics constitute the largest form segment in the market for Ankle Foot Orthosis. Hospitals and clinics serve as primary points of care where patients with musculoskeletal conditions, neurological disorders, and diabetic foot complications receive diagnosis, treatment, and ongoing management. AFOs prescribed in clinical settings are typically tailored to individual patient needs, ensuring proper fit and functionality under the supervision of healthcare professionals. The established relationships between healthcare providers and orthotic suppliers in hospital settings contribute to the significant market share of this segment.

The Retail Pharmacies segment is expected to be the fastest-growing subsegment in the Ankle Foot Orthosis Market. Retail pharmacies are increasingly expanding their orthotic product offerings to cater to patients seeking over-the-counter AFO solutions for mild to moderate foot and ankle conditions. These pharmacies provide convenience, accessibility, and immediate availability of standard AFO designs for consumers who may not require personalized fitting or ongoing clinical oversight. The growing consumer preference for self-care and non-prescription orthotic solutions, combined with the convenience of retail pharmacy channels, drives the rapid growth of this segment within the AFO market. Moreover, advancements in retail pharmacy operations, such as online platforms and automated dispensing systems, further enhance accessibility and consumer reach for AFO products.

• Hospitals and Clinics
• Retail Pharmacies
• Others

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

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Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.

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