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Ankle Replacement Market Size (Value, Volume, ASP) by Segments, Share, Trend and SWOT Analysis, Regulatory and Reimbursement Landscape, Procedures, and Forecast, 2015-2030

The ankle replacement market was valued at $274.6 million in 2021. Ankle replacement is a surgical procedure to replace the damaged articular surfaces of the human ankle joint with prosthetic components. This procedure is becoming the treatment of choice for patients requiring arthroplasty, replacing the conventional use of arthrodesis. Recently, FDA has approved the Patient-Specific Talus Spacer to treat patients with avascular necrosis (AVN) of the talus bone to reduce pain and inflammation and avoid ankle fusion until it’s an absolute necessity.

The ankle replacement market report discusses in detail the impact of COVID-19 on the ankle replacement devices market for the year 2021 and beyond. The increasing prevalence of osteoarthritis (OA) and rheumatoid arthritis (RA), and the growing number of trauma cases are driving increased demand for ankle replacement implants globally.

Ankle Replacement Market Outlook

Ankle Replacement Market Outlook

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What are the market dynamics in the ankle replacement industry?

As the number of people suffering from ankle arthritis increases, the demand for Total Ankle Replacement (TAR) will also increase. Total ankle replacements have seen significant growth in the future, as it is more reliable than other options available in the market. Currently, TAR is competing against ankle fusion as an alternative therapy. Ankle fusion (arthrodesis) is a traditional treatment with many shortcomings such as pain, stiffness, and limited mobility. At present, ankle replacements are strongly positioned in the market and can replace ankle fusion as the gold standard therapy for ankle arthritis.

The major growth driver of ankle replacement is the increase in the geriatric population. The ever-aging market as well as the increasing preponderance of arthritis-causing diseases indicates significant growth for the total ankle replacement treatment industry in the future.

As the geriatric population, which is more prone to ankle arthritis increases worldwide, the demand for ankle replacement devices will increase. As ankle replacement devices have better advancements over ankle fusion which continues to surge and it also retains better mobility as compared to ankle fusion, the healthcare field will begin to heavily favor them as the golden standard in ankle replacement surgery.

What is the regional level outlook of the ankle replacement market?

The key regions in the ankle replacement market are North America, Europe, Asia Pacific, South America, and Middle East & Africa.

Ankle replacement market in North America

Ankle replacement is expected to see strong growth in the North American market due to the high patient buying power as well as the advanced age of the population. This all leads to strong and steady growth in the near future.

Ankle replacement market in Europe

Europe has a much wider range of patients having high spending power as well as age demographics, which means that behavior is better evaluated on a case-by-case level. In general, the richer, older countries will witness higher growth in the future as wealthy, older countries have an increase in the demand for these devices while poorer, younger countries may favor ankle fusion instead of ankle replacement.

Ankle replacement market in Asia Pacific

The APAC region shows a much lower uptake of ankle replacement compared to the rest of the world, due to lower buying power and age demographics. Furthermore, most of the wealthier countries will follow this trend due to a preference for ankle fusion, or skepticism towards the safety of ankle replacements as a treatment methodology.

Ankle replacement market in South America

South America will show a very low uptake, favoring mostly ankle fusion due to low buying power.

Ankle replacement market in Middle East & Africa

The Middle East and Africa will experience a very low uptake, due to low buying power.

Which are the key companies in the ankle replacement market?

The key companies in the ankle replacement market are Stryker Corp, Zimmer Biomet Holdings Inc, Integra LifeSciences Corp, Exactech Inc, Corin Orthopaedics Holdings Ltd, KYOCERA Medical Corp, and MatOrtho Ltd.

Ankle Replacement Market Analysis by Companies

Ankle Replacement Market Analysis by Companies

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Market Report Scope

Market size (Year – 2021) $274.6 million
Key regions North America, Europe, Asia Pacific, South America, and Middle East & Africa
Key companies Stryker Corp, Zimmer Biomet Holdings Inc, Integra LifeSciences Corp, Exactech Inc, Corin Orthopaedics Holdings Ltd, KYOCERA Medical Corp, and MatOrtho Ltd

Scope

This market model gives important, expert insight you won’t find in any other source. The model illustrates qualitative and quantitative trends within the specified market. This model is required reading for –

  • CMO executives must have a deep understanding of the ankle replacement marketplace to make strategic planning and investment decisions.
  • Sourcing and procurement executives must understand crucial components of the supply base to make decisions about supplier selection and management.
  • Private equity investors need a deeper understanding of the market to identify and value potential investment targets.

Reasons to Buy

The model will enable you to –

  • Understand the impact of COVID-19 on the ankle replacement market.
  • Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
  • Develop business strategies by understanding the trends shaping and driving the ankle replacement market.
  • Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the ankle replacement market in the future.
  • Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
  • Identify emerging players with potentially strong product portfolios and create effective counterstrategies to gain a competitive advantage.
  • Track device sales in the global and country-specific ankle replacement market from 2015 to 2030.
  • Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.

Key Players

Stryker Corp

Zimmer Biomet Holdings Inc

Integra LifeSciences Corp

Exactech Inc

Corin Orthopaedics Holdings Ltd

KYOCERA Medical Technologies Inc

MatOrtho Ltd

Others

Table of Contents

 

List of Tables

 

List of Figures

 

Frequently Asked Questions

The ankle replacement market was valued at $274.6 million in 2021.

The key regions in the ankle replacement market are North America, Europe, Asia Pacific, South America, and Middle East & Africa.

The key companies in the ankle replacement market are Stryker Corp, Zimmer Biomet Holdings Inc, Integra LifeSciences Corp, Exactech Inc, Corin Orthopaedics Holdings Ltd, KYOCERA Medical Corp, and MatOrtho Ltd.

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