Ankle Replacement Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033
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Ankle Replacement Market Overview
The ankle replacement market size was $329.3 million in 2023. The market is expected to grow at a CAGR of more than 6% during 2023-2033. The ankle joint consists of three bones that are the distal tibia, the talus, and the distal fibula. Arthritis of the ankle is associated with direct injury to the joint; thus, patients suffer from limited mobility.
Ankle Replacement Market Outlook, 2023-2033 ($ Million)
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The ankle replacement market research report explains the market behavior, which will help identify quantitative market trends within the Orthopedic Devices therapeutic area. The model discusses in detail the impact of COVID-19 on the ankle replacement market for the year 2020 and beyond. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. This, in turn, will assist in predictive analysis for designing in-licensing and out-licensing strategies.
Market Size (2023) | $329.3 Million |
CAGR (2023-2033) | >6% |
Forecast Period | 2024-2033 |
Historical Period | 2015-2023 |
Key Regions | · North America
· Europe · Asia Pacific · South America · Middle East and Africa |
Key Segment | · Total Ankle Replacement |
Leading Companies | · Stryker Corp
· Zimmer Biomet Holdings Inc · Integra LifeSciences Holdings Corp · Exactech Inc · Corin Group Ltd · Kyocera Medical Technologies Inc · MatOrtho Ltd |
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Ankle Replacement Market Dynamics
The rise in the aging population and the increasing preponderance of arthritis-causing diseases will drive the ankle replacement treatment market in the coming years. With the rise in ankle arthritis conditions, ankle replacement device manufacturers should continue to innovate and with technological advancements, the demand for these devices will thrive to grow.
Ankle Replacement Market Segments
Total ankle replacement (TAR) is the only segment in the ankle replacement market. The procedure involves replacing the severely damaged or inflamed parts of bones and cartilage of the ankle joint with a prosthetic device/implant. The total ankle replacement procedure reduces pain while retrieving mobility and function of the ankle joint. The number of TAR procedures is anticipated to increase significantly in the coming years, as it is more reliable than other options available in the market. Currently, TAR is competing against ankle fusion as an alternative therapy.
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Ankle Replacement Market Segmentation by Regions
The key regions in the ankle replacement market are North America, Europe, Asia Pacific, South America, and the Middle East and Africa. North America dominated the market in 2023. The North American ankle replacement market is expected to see strong growth owing to the high purchasing power of patients as well as the rise in the aging population.
Ankle Replacement Market Analysis by Regions, 2023 (%)
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Ankle Replacement Market - Competitive Landscape
Some of the leading companies in the ankle replacement market are:
- Stryker Corp
- Zimmer Biomet Holdings Inc
- Integra LifeSciences Holdings Corp
- Exactech Inc
- Corin Group Ltd
- Kyocera Medical Technologies Inc
- MatOrtho Ltd
Stryker Corp was the leading player in the ankle replacement market in 2023, followed by Integra LifeSciences Holdings Corp.
Ankle Replacement Market Analysis by Companies, 2023 (%)
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Segments Covered in the Report
Ankle Replacement Segments Outlook (Value, $ Million, 2015-2033)
- Total Ankle Replacement
Ankle Replacement Regional Outlook (Value, $ Million, 2015-2033)
- North America
- Europe
- Asia Pacific
- South America
- Middle East and Africa
Key Inclusions
Key Inclusions of the market model are:
Currently marketed ankle replacement Tests and evolving competitive landscape:
– Insightful review of the key industry trends.
– Annualized total ankle replacement Tests market revenue by segment and market outlooks from 2015-2033.
– Market-level data on units, average selling prices, and market values.
Global, Regional, and Country level market specific insights:
– Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
– SWOT analysis for the ankle replacement market.
– Competitive dynamics insights and trends provided for the ankle replacement market.
Understand the market by getting the veritable big picture including an overview of the healthcare system. In addition, the Market Access segment allows you to delve deeper into market dynamics with information on reimbursement policies and the regulatory landscape.
– Country-specific overview of the healthcare system.
– Country-specific reimbursement policies.
– Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real-world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases.
Companies covered: Stryker Corp, Zimmer Biomet Holdings Inc, Integra LifeSciences Holdings Corp, Exactech Inc, Corin Group Ltd, Kyocera Medical Technologies Inc, MatOrtho Ltd, and Others.
Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina and Chile.
Scope
This report provides:
- Insightful review of the key industry trends.
- Annualized total ankle replacement market revenue by segment and market outlooks.
- Market-level data on units, average selling prices, and market values.
- Global, regional, and country-level market-specific insights including qualitative market-specific information with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the ankle replacement market.
- Competitive dynamics insights and trends provided for the ankle replacement market.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
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 replacements market.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Ankle replacements 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 replacements market from 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.
Zimmer Biomet Holdings Inc
Integra LifeSciences Holdings Corp
Exactech Inc
Corin Group Ltd
Kyocera Medical Technologies Inc
MatOrtho Ltd
Others
Frequently asked questions
-
What was the ankle replacement market size in 2023?
The ankle replacement market size was valued at $329.3 million in 2023.
-
What will the ankle replacement market growth rate be during the forecast period?
The ankle replacement market is expected to grow at a CAGR of more than 6% during 2023-2033.
-
Which region had the largest share of the ankle replacement market in 2023?
North America had the largest ankle replacement market share in 2023.
-
Which are the major players operating in the ankle replacement market?
A few of the leading companies in the ankle replacement market are Stryker Corp, Zimmer Biomet Holdings Inc, Integra LifeSciences Holdings Corp, Exactech Inc, Corin Group Ltd, Kyocera Medical Technologies Inc, and MatOrtho Ltd.
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