Global Total Ankle Replacement Market Size, Growth Analysis Report, Forecast to 2027


Posted September 14, 2021 by saifiyan1212

The global total ankle replacement market is estimated to grow at a CAGR of nearly 7.0% during the forecast period.

 
The global total ankle replacement market is estimated to grow at a CAGR of nearly 7.0% during the forecast period. Rising prevalence of osteoarthritis, rising demand for minimally invasive joint replacement procedures, and increasing geriatric population are the major factors driving the demand for total ankle replacement procedures. Increasing prevalence of osteoarthritis was reported both in the adults and ageing population. As per the Centers for Disease Control and Prevention (CDC), during the period 2013–2015, nearly 54.4 million US adults (22.7%) annually had some form of rheumatoid arthritis, arthritis, gout, fibromyalgia, or lupus.

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The adults suffering from arthritis differs by state, which ranges from 17.2% in Hawaii to 33.6% in West Virginia in 2015. Based on the county, the percentage of adults with arthritis differs considerably, ranging from 11.2% to 42.7% in 2015. By 2040, it was estimated by the CDC that 78 million (26%) US adults aged 18 years and older will be diagnosed with arthritis. The number of osteoarthritis cases will also increase due to the rising geriatric population as it is one of the major causes of disability in people aged more than 65 years.


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This rising prevalence will accelerate the demand for total ankle replacement procedure for patients with osteoarthritis and rheumatoid arthritis. The procedure can provide relief from pain and maintain motion in the arthritic ankle joint. Total ankle replacement is an alternative to ankle fusion procedure which can relieve pain, however, eliminates motion in the joint. In July 2018, Wright Medical Group N.V. declared that the total ankle replacement procedures using their devices surpassed 30,000 since 2008. The company offers a complete range of primary to revision total ankle system which include INBONE Total Ankle System, INFINITY Total Ankle System, PROPHECY Preoperative Navigation, and INVISION Total Ankle Revision System.

INBONE Total Ankle System is one of the most commonly used total ankle replacement device owing to its increased tibiotalar stability, talar fixation, and comprehensive sizing. Other commonly used total ankle replacement systems include INIFINITY (Wright), STAR (Stryker), Trabecular Metal Total Ankle (Zimmer Biomet), and Salto Talaris (Integra Lifesciences). As a result, these players have a major dominance in the market and other market players are also launching more safe and effective total ankle replacement systems to make a significant position in the market. In November 2019, Stryker declared an agreement to acquire Wright Medical Group to further strengthen its trauma and extremities business.


Global Total Ankle Replacement Market Segmentation
Global Total Ankle Replacement Market by Design
• BOX Total Ankle Replacement
• Scandinavian Total Ankle Replacement (STAR)
• Mobility Total Ankle Replacement
• Zenith Total Ankle Replacement
• Salto Total Ankle Replacement
• Hintegra Total Ankle Replacement
• Others

Global Total Ankle Replacement Market by Material
• Metal
• Plastic

Global Total Ankle Replacement Market by Application
• Osteoarthritis
• Rheumatoid Arthritis


Global Total Ankle Replacement Market – Segment by Region
North America
• United States
• Canada

Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World
• Latin America
• Middle East and Africa
Company Profiles
• Corin Group
• DT MedTech, LLC
• Exactech, Inc.
• In2Bones SAS
• Integra LifeSciences Corp.
• Johnson & Johnson Services, Inc.
• MatOrtho Ltd.
• Smith and Nephew plc
• Stryker Corp.
• Zimmer Biomet Holdings, Inc.


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Categories Business , Computers , Electronics
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Last Updated September 14, 2021