New York, USA, Nov. 24, 2022 (GLOBE NEWSWIRE) — Global Foot Drop Treatment Devices to Grow at a Substantial CAGR of 8.15% by 2027 | DelveInsight
The global Foot Drop Treatment Devices Market is anticipated to grow in the coming years owing to the rising prevalence of various knee-associated musculoskeletal disorders, growing cases of neuromuscular diseases, and rising geriatric population among other factors.
DelveInsight’s “Foot Drop Treatment Devices Market” report provides the current and forecast market trends, forthcoming device innovation, key developments, challenges, major market drivers, barriers, market shares, ongoing developments, and key companies operating in the market.
Key Takeaways from the Foot Drop Treatment Devices Market Report
- As per DelveInsight’s assessment, among all the regions, North America is anticipated to account for the largest share in the year 2021 and will continue to dominate in the coming years owing to several favorable factors.
- The leading companies in the Foot Drop Treatment Devices Market include Ottobock, Bioness Inc., AxioBionics, Accelerated Care Plus Corporation, Saebo, Inc., Boston Orthotics & Prosthetics, Turbomed Orthotics, Össur, Thrive Orthopedics, Allard USA Inc., NextStep Robotics, Finetech Medical, Arthrex, Inc., Evolution Devices, Narang Medical Limited, SCHECK & SIRESS, AliMed, The London Orthotics Consultancy Ltd, Access Prosthetics, Spinal Solutions, and others.
- In March 2022, Cionic announced FDA clearance for its leg-worn Cionic Neural Sleeve that provides functional electrical stimulation to assist in gait for people with foot drop and leg muscle weakness, including those with mobility issues due to multiple sclerosis (MS), stroke, cerebral palsy (CP) and other neurological conditions.
- In September 2021, Evolution Devices announced the launch of its EvoWalk Platform pilot program to rehabilitate walking for people living with neurologically-based partial walking paralysis. Evolution Devices initially focused on rehabilitating Foot Drop, an impairment where a person is unable to lift their foot due to muscle weakness or nerve damage and which frequently causes falls.
To read more about the latest highlights related to the foot drop treatment devices market, get a snapshot of the key highlights entailed in the Foot Drop Treatment Devices Market Report
Foot Drop Treatment Devices Overview
Foot drop, sometimes called drop foot, is not a disease but a condition in which the person faces difficulty in raising the front part of one or both feet. Some of the neurological, anatomical, or muscular problems can lead to Foot drop issues. Foot drops can occur due to underlying health conditions such as muscular sclerosis or stroke.
Foot drops can be treated with orthotics such as ankle foot orthosis (AFO), rehabilitation with physical therapy, electrical nerve stimulation, or surgery. Treatment Devices such as braces, usually made of plastic, are called an “ankle-foot orthosis,” or AFO. The brace is worn around the lower leg and foot. It supports the ankle and holds both the foot and ankle flexibly. Similarly, an electrical stimulation device sends impulses to the muscles via surface electrodes that attach to the skin. This causes the muscles to contract and lift the foot.
Among all the regions, in 2021, North America accounted for the largest share of the Global Foot Drop Treatment Devices market. As per the assessment, North America will continue to dominate the Foot Drop Treatment Devices market during the forecast period from 2022-2027. Some of the key factors, such as the rising population of the elderly, an increasing number of neuromuscular diseases, and high awareness among patients and caregivers about different types of foot drop treatment devices and the ability to afford such devices, will stimulate the Foot Drop Treatment Devices market growth in the region.
Moreover, cases related to neurological disorders that lead to the weakening of limbs, like multiple sclerosis and exercise-related injuries, are on the rise in the US. As per the estimate, in the United States estimated, about one million people are living with Multiple Sclerosis. Foot drop, or drop foot, is a symptom of multiple sclerosis (MS) that leads to weakening limbs, among other symptoms. The rising cases of Multiple Sclerosis are anticipated to propel the Foot Drop Treatment Devices market growth.
Additionally, the active presence of key players in the region, supportive reimbursement programs, and well-established patient care systems, along with awareness among patients and caregivers regarding different types of foot drop treatment devices, are also expected to have a positive impact on the North America foot drop treatment devices market growth.
Learn more about the key factors influencing the high demand and market growth in the North American region; Foot Drop Treatment Devices Market Trends and Developments
The rising geriatric population who are prone to knee-associated musculoskeletal disorders is one of the key factors driving the demand for the Foot Drop Treatment Devices. As per estimates, in 2020, there were 727 million persons aged 65 years or over in the world, and the global number was projected to reach 1.5 billion by 2050. The old-age population is more susceptible to knee-related musculoskeletal disorders such as arthritis, ultimately driving the market growth. Moreover, the rising prevalence of Osteoarthritis (OA) and different types of disabilities are also expected to support the market’s growth. Osteoarthritis is associated with aging and is more common among people with other chronic conditions, such as heart disease, diabetes, and obesity.
Furthermore, the integration of new and advanced technologies such as Artificial Intelligence (AI) and Robotics in Foot Drop surgical procedures, ongoing research activities, and an increase in R&D expenditure along with recent product launches is expected to boost the global Foot Drop Treatment Devices market.
However, despite several favorable factors, some of the key aspects, such as side effects associated with prolonged usage and fitting-related issues, may restrict the foot drop treatment devices’ market growth in the coming years.
The outbreak of the COVID-19 infection has severely impacted the Foot Drop Treatment Devices market growth. To contain the spread of COVID infections and to save human lives from novel coronavirus, governments worldwide have introduced several precautionary measures such as lockdowns and strict social distancing policies. The COVID-19-affected patients were given utmost priority compared to people with other diseases and disorders, impacting the Foot Drop Treatment Devices demand. The lockdowns measure has further disrupted the supply chain, limiting production distribution and the availability of products globally.
Get a sneak peek at the evolving market dynamics and key trends @ Foot Drop Treatment Devices Market Dynamics Analysis
|Key Foot Drop Treatment Devices Companies
|Ottobock, Bioness Inc., AxioBionics, Accelerated Care Plus Corporation, Saebo, Inc., Boston Orthotics & Prosthetics, Turbomed Orthotics, Össur, Thrive Orthopedics, Allard USA Inc., NextStep Robotics, Finetech Medical, Arthrex, Inc., Evolution Devices, Narang Medical Limited, SCHECK & SIRESS, AliMed, The London Orthotics Consultancy Ltd, Access Prosthetics, Spinal Solutions, and others
Foot Drop Treatment Devices Market Assessment
- Market Segmentation –
- By Product Type – Electrical Stimulator, Braces/Splints
- By Application – Neuropathy, Muscle Disorders, Brain & Spinal Disorders, Others
- End-User – Hospitals & Clinics, Ambulatory Surgical Centers, and Others
- Geography – North America, Europe, Asia-Pacific, and Rest of the World
- Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOL’s Views, Analyst’s View
Which MedTech key players are set to emerge as the trendsetter in the market @ Foot Drop Treatment Devices Companies
Table of Contents
|Regulatory and Patent Analysis
|Key Factors Analysis
|Porter’s Five Forces Analysis
|COVID-19 Impact Analysis on Foot Drop Treatment Devices Market
|Foot Drop Treatment Devices Market Layout
|Global Company Share Analysis – Key 3-5 Companies
|Foot Drop Treatment Devices Market Company and Product Profiles
Interested in knowing how the market will grow by 2027? Click to get a snapshot of the Foot Drop Treatment Devices Market Research
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HONG KONG, March 4, 2024 /PRNewswire/ — As IPLOOK reflects on its successful participation in MWC 2024, the company is left with countless memories, insights and opportunities that will continue to inspire its team long after the event has ended.
IPLOOK’s Impressive Showing
IPLOOK’s booth was a hub of activity throughout the 4-day event, drawing in crowds of attendees eager to learn more about IPLOOK’s innovative core network solutions. Some of the key achievements and gains for IPLOOK at MWC 2024 included:
Strong partnerships forged: IPLOOK nailed several new partnerships with leading telecom companies, expanding its reach and impact in the industry.Positive industry coverage: IPLOOK’s presence at MWC 24 attracted the attention of industry research outlets, resulting in conversations highlighting IPLOOK’s leading position in core network market, ability of innovation and integration capability of space, air and ground communications.Brand awareness increased: The event provided an excellent opportunity for IPLOOK to raise its profile and establish itself as a leader in the core network market. Its booth attracted a number of visitors who were already aware of its role as a core network expert, eager to explore the advancements presented by IPLOOK.Valuable feedback received: IPLOOK took the opportunity to gather feedback from attendees on its products and services, which will be invaluable in driving IPLOOK’s future product development and improvements.Innovations that Stole the Show
This year’s MWC, as per its theme “Future First”, was a testament to the power of technology to transform our future life. Attendees were treated to demonstrations of the latest innovation in AIGC, AI-RAN, Open Gateway, and 6G, showcasing how these technologies can revolutionize industries and improve people’s lives.
What’s Next for IPLOOK?
As IPLOOK sets its sights on the horizon, the company is energized by the prospect of deepening connections within the telecom ecosystem and discovering the groundbreaking advancements that lie ahead at MWC’s next chapter. With a steadfast dedication to product innovation, IPLOOK will also journey to key industry events like MVNOs World Congress and AfricaCom, forging new paths into uncharted markets and showcasing its unwavering commitment to the evolution of the telecom landscape.
Contact: [email protected] IPLOOK on LinkedIn @IPLOOK Networks
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LONDON, March 4, 2024 /PRNewswire/ — Mobica, the global software and engineering provider, has announced Gary Butters as their Chief Executive Officer (CEO).
Gary joined Mobica as Chief Revenue Officer (CRO) in November 2020 and as part of outgoing CEO Sam Kingston’s leadership team, delivered significant success, leading to Mobica’s acquisition by Cognizant in March 2023.
This acquisition will significantly expand Cognizant’s IoT embedded software engineering capabilities as part of their overall strategy to help companies modernise technology, reimagine processes and transform experiences so they stay ahead in a fast-changing world.
Gary takes over the role with the remit to complete the integration of Mobica into Cognizant while continuing to deliver double-digit growth.
Mobica, which is headquartered in Manchester UK, with operations in Europe and the US, provides world-class software engineering and development expertise to many of the most recognised global brands. Founded in 2004, it serves a number of sectors, with particular expertise in the automotive, manufacturing, industrial and semiconductor industries.
In his role as CEO, Gary will continue Mobica’s vision of delivering exceptional value and innovation to it’s clients and customers, while spearheading its growth plan as demand for engineering and software expertise continues to rise.
Commenting on his appointment, Gary says:”Over the past few years, Mobica has seen demand for our world-class engineering increase significantly, particularly with the acceleration in AI and machine learning. This has seen some of the once ‘traditional’ industries such as automotive and manufacturing undergo a radical transformation.
“As a result, companies are increasingly seeking skilled professionals – particularly in areas such as software development, AI, IoT, and data analytics – in order to stay competitive and meet evolving customer expectations. However, they are vying for a limited pool of technology talent, so access to Mobica engineering services has been vital to enable our customers to remain agile in a rapidly evolving landscape.
“Our ongoing growth is a testament to our team of dedicated ‘Mobicans’ and our unwavering dedication to delivering cutting-edge software engineering solutions. We have consistently provided clients with access to top-tier engineering talent, enabling them to drive digital transformation and achieve their business objectives. I am looking forward to working with our talented team as we continue our ambitious growth plans.”
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Core to Cloud Partners with Cybersecurity Innovator SenseOn to Enable Comprehensive NDR and SIEM Security
New strategic arrangement allows organisations to monitor identity, endpoint, network and cloud-based activity to stop threats immediately.
CIRENCESTER, England, March 1, 2024 /PRNewswire/ — Core to Cloud, a leading provider of cybersecurity services and solutions, is excited to announce a strategic alliance with SenseOn, a renowned threat detection management platform. This collaboration will empower businesses to bolster their advanced NDR and SEIM operations and secure end-to-end platforms.
In today’s integrated digital landscape, businesses rely on various systems and third-party suppliers. The launch of SenseOn’s platform marks a significant leap forward in proactive threat detection and response, offering a comprehensive solution to combat sophisticated cyber threats. Organisations can identify, detect and respond to vulnerabilities in traditional blind spots. Core to Cloud’s partnership with SenseOn aims to address these challenges by offering a comprehensive and efficient solution for managing threat detection and response.
James Cunningham, CEO and co-founder of Core to Cloud, said: “We are excited to announce our partnership with SenseOn, allowing Core to Cloud to bring our clients a more robust and complete threat detection and management solution. With an ever-changing digital landscape, our clients must be able to detect and respond to any threats within their cyber estate. This partnership offers an all-encompassing approach to managing these risks.”
One of the critical features of this partnership is that the platform is built upon a foundation of Artificial Intelligence (AI) and Machine Learning (ML) technologies, meticulously designed to evolve alongside cyber threats. Leveraging its unique Deep Learning, SenseOn’s platform analyses vast and complex datasets, providing real-time threat detection, investigation, and autonomous response capabilities. This innovative approach and Core to Cloud’s cybersecurity expertise enables organisations to proactively address potential threats before they escalate, ensuring robust protection against evolving cyber-attacks.
SenseOn’s platform and Core to Cloud’s know-how empower security teams to navigate the complicated threat landscape efficiently. Intelligent automation streamlines incident response, allowing cybersecurity professionals to focus on strategic initiatives rather than routine tasks.
David Atkinson, CEO and Founder of SenseOn, added: “We are excited to announce a pivotal moment in SenseOn’s journey with establishing a strategic channel partnership with Core to Cloud. This collaboration is more than a partnership; it’s an alliance that leverages the strengths of both companies to propel us towards growth. By combining SenseOn’s consolidated threat detection platform with Core to Cloud’s technical and service expertise, we are poised to deliver a new standard in cybersecurity solutions.”
Moreover, Core to Cloud and SenseOn are committed to ongoing collaboration and continuous improvement. As cybersecurity threats evolve, so do the strategies and tools to counter them. This collaboration is not just a one-time solution; it represents an ongoing commitment to enhancing the cybersecurity landscape for businesses of all sizes. Core to Cloud and SenseOn will continue to work together to develop new features, refine existing tools, and provide unparalleled support to our clients.
Core to Cloud’s partnership with SenseOn signifies a major step forward in cybersecurity. By combining expertise, technology, and a shared commitment to excellence, the two companies are paving the way for businesses to navigate the complex digital landscape confidently. Together, they empower businesses to protect their NDR, SEIM and end-to-end platforms.
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