Total Ankle Arthroplasty Market Size, Share & Industry Analysis, By Design (INBONE Total Ankle, Eclipse Total Ankle Replacement, Salto Talaris Anatomic Ankle, Scandinavian Total Ankle Replacement , Others), By End User (Hospital and ASC, Specialty Clinic) And Regional Forecast, 2024-2032

Total ankle arthroplasty is considered as an alternative for ankle arthrodesis which is used for the treatment of end stage ankle osteoarthritis. According to the estimation of United Nations, there were 703.0 million people in the world of age 65 years and above in 2019. At this age it is very common to have joint deformities such as ankle arthritis and osteoarthritis. According to a report by the American Academic of Orthopaedic Surgeons, in July, 2019, it was reported that in the U.S alone around 50,000 new cases of ankle arthritis are diagnosed each year. Thus, increasing patient population with ankle arthritis is accelerating the demand of total ankle arthroplasty globally and is subsequently propelling the growth of the market during the forecast period.

Increasing number of people with ankle arthritis due to rising incidence of road accidents is driving the demand of orthopedic surgeries including total ankle arthroplasty. For instance, according to World Health Organization (WHO) till Feb, 2020 around 20-50 million people suffered from non-fatal injuries, in which some resulted in bone fracture, and has consecutively undergone ankle arthroplasty and other bone surgeries. Along with this, development in prosthetic designs by market players is also increasing the popularity of ankle arthroplasty treatment among patients and orthopedic surgeons. Thus, the above factors along with the presence of favorable reimbursement policies by developed countries are augmenting the growth of the market during the forecast period.

However, complications such as high risk of infections post-surgery, and also risk associated with damage of blood vessel and nerve during surgery can hamper the demand for total ankle arthroplasty during the forecast period.  

Key Market Driver -

Increasing prevalence of ankle arthritis and osteoarthritis among population to boost the demand for total ankle replacement

Key Market Restraint -

High risk of infections associated with total ankle arthroplasty

Key Players Covered:

The major companies in the total ankle arthroplasty market report includes Johnson & Johnson Services, Inc., Zimmer Biomet, VirtualExpo Group, Exactech, Inc., Integra LifeSciences Corporation, Stryker, Wright Medical Group and other players.

Key Insights

• Prevalence of Ankle Arthritis, by Key Regions/Country, 2020


• Technological Advancements in Designs of Ankle Arthroplasty, by Key Players


• Impact of COVID-19 on the Total Ankle Arthroplasty Market


• Key Industry Development - Mergers and Acquisitions

Regional Analysis:

The global total ankle arthroplasty market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America held a dominant share of the total ankle arthroplasty market in 2020. The dominance is due to increasing prevalence of ankle arthritis, osteoarthritis disorders along with higher demand for total ankle arthroplasty in place of arthrodesis in the region.  For instance, according to physiopedia, in an observational study it was reported that individuals with mono articular and poly articular disorder undergoing arthroplasty instead of arthrodesis experience less gait abnormalities and fewer adverse effects. The market in Europe is expected to grow at a significant CAGR owing to the increasing number of osteoarthritis patients in European countries including the U.K, Germany, France, etc.  For instance, in February 2020, BMC (a part of Springer Nature) reported that each year in U.K at least 29,000 patients with symptomatic ankle osteoarthritis are referred to specialist foot and ankle surgeons. Asia Pacific is expected to grow at a higher CAGR during the forecast period owing to increasing patient pool suffering with arthritis and ankle related disorders resulting in growing demand for the total ankle arthroplasty. On the other hand, Latin America and Middle East & Africa are expected to register a comparatively lower CAGR during the forecast period owing to lower awareness about the new technologies related to arthroplasty among general population.

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Segmentation

Total Ankle Arthroplasty Industry Developments

• In December 2020, ExacTech, Inc., acquired Muvr Labs, Inc., which is specialised in intelligent patient wearables and digital communication tools that help surgeons to engage with their joint replacement patients.


• In November 2020, Total Ankle and Finger Arthroplasty product lines of Stryker was acquired by DJO LLC, which is leading global provider of medical technologies.


• In September 2020, Integra LifeSciences Corporation announced that it has entered into a definitive agreement to sell its extremity orthopaedic business to Smith & Nephew.