According to a Journal, ‘Clinical Orthopedics and Related Research’, 15% of the world’s population is affected by joint pain and disability resulting in Osteoarthritis of the ankle. Moreover, Center for Disease Control and Prevention has stated that, By 2040, estimated doctor-diagnosed cases are around 78 million (26%) in the United States. The increasing number of sports injuries and ageing population is driving the Global ankle replacement market. Ankle replacement is also known as ankle arthroplasty which is a surgical procedure in which damaged articular surfaces of human ankle joint is replaced with the prosthetic components. Severe arthritis is the result of progressive wearing down of the articular cartilage layer which cushions the joint’s moving surface resulting in bone on bone grinding with joint motion. Arthritis results in pain, loss of function and mobility. To avoid these complications non-operative ankle replacement or total ankle replacement (TAR) is expected to provide relief with ankle motion. Ankle replacement has evolved over the years and has replaced ankle fusion (locks the joint at a fixed position).
According to AMA, the market for Ankle Replacement is expected to register a CAGR of 6.24% during the forecast period to 2027. This growth is primarily driven by Increased Incidence of Accident and Trauma Patients, Rising Prevalence of Osteoarthritis and Rheumatoid Arthritis Patients and The Rising Number of the Ageing Population.
Globally, a noticeable market trend is evident Active Lifestyle and Injuries Related To Sports Activity. The Health Care Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Stryker Corp. (United States), Zimmer Holdings (United States), DePuy Synthes (United States), Medtronic plc (Ireland), Smith and Nephew plc (U.K.), Exactech Inc., (United States), Tornier (United States) and Biomet Inc., (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On November 2018, Integra XT revision Total Ankle Replacement System offers innovative solution to ankle arthroplasty surgery. It is a first FDA cleared device for further treatment of ankle arthroplasty solutions.
On April 2018, a new study published in ‘Foot and Ankle International’, have allowed foot and ankle Orthopaedic surgeons to use custom-made implants for severe foot and ankle replacement cases. The implants offer a new approach to treat complex lower extremity pain, bone loss, bone quality, and deformities.
- Increased Incidence of Accident and Trauma Patients
- Rising Prevalence of Osteoarthritis and Rheumatoid Arthritis Patients
- The Rising Number of the Ageing Population
- Active Lifestyle and Injuries Related To Sports Activity
- Long Duration of Healing and Rehabilitation
- Risk Associated With the Replacement Surgery
- The Need for Stringent Regulatory Action by the Government
Increasing Number of Training Programs Focusing On Surgical Techniques of Ankle Replacement
Poor Accessibility of the Ankle Joint, Bone Preservation, Stability of Fixation and Articulation of the Polyethylene (PE)
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Ankle Replacement Study Sheds Light on
The Ankle Replacement Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Ankle Replacement industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Ankle Replacement industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.