Market Size of Total Ankle Replacement Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 6.30 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Total Ankle Replacement Market Analysis
The Total Ankle Replacement Market is expected to register a CAGR of 6.30% during the forecast period.
Factors such as the rising aging population, increasing orthopedic diseases and injuries, rising adoption of minimally invasive surgeries, and growing technological advancements in ankle replacement devices are all expected to boost the market growth over the forecast period.
The rising number of people with osteoporosis is the critical factor driving the market growth. For instance, as per the data published by Bone Health and Osteoporosis Foundation (BHOF), in May 2023, osteoporosis is one of the significant causes of bone fracture among Americans, which affects approximately 10 million Americans, while nearly 44 million people in the United States suffer from low bone density, annually, which is one of the primary reasons for bone fractures. Thus, the rising burden of bone fracture may lead to ankle osteoporosis among the population, which necessitates ankle surgeries, hence expected to fuel the market growth over the forecast period.
Additionally, the senior population is more prone to develop orthopedic diseases such as arthritis, osteoarthritis, and rheumatoid arthritis owing to age-related bone deterioration, making it harder to live a healthy life. For instance, according to an article published in Effort Open Reviews in January 2023, it has been observed that ankle fractures are among the most prevalent injuries among older adults and a significant healthcare burden as the aging population is predicted to more than double by the year 2050 globally. Also, according to data published by WHO, in October 2022, about 1.4 billion people worldwide are expected to be 60 years or over by 2030, compared to 1 billion in the previous year. Furthermore, this number is projected to reach 2.1 billion by 2050. Thus, the senior population is more prone to ankle fractures owing to low bone density, which is expected to fuel the demand for ankle replacement surgeries and, hence, is anticipated to augment the market growth.
Moreover, the increasing focus of the companies to develop solutions for total ankle replacement surgery to give patients better mobility and other benefits is also expected to contribute to the market growth. For instance, in April 2022, Medline UNITE Foot & Ankle launched its Calcaneal Fracture Plating System and IM Fibula Implant, which enables surgeons to handle a broad array of fracture patterns, surgical approaches, and anatomical variations from a single tray in the United States. This launch provides a comprehensive titanium foot and ankle trauma system to address nearly all fractures requiring ORIF with plate and screw fixation.
Therefore, the studied market is expected to grow over the forecast period due to factors such as the high burden of joint-related disorders coupled with the growing senior population and new product launches. However, the risks associated with total ankle replacement surgery will likely impede the market growth over the forecast period.
Total Ankle Replacement Industry Segmentation
As per the scope of the report, total ankle replacement is a type of joint replacement surgery that replaces the damaged parts of the ankle. It is used to treat ankle arthritis.
The total ankle replacement market is segmented into design and geography, By design, the market is segmented into hintegra total ankle replacement, scandinavian total ankle replacement, salto total ankle replacement, mobility total ankle replacement, and others. The other designs include eclipse total ankle replacement and inbone total ankle replacement. By geography, the market is divided into North America, Europe, Asia-Pacific, Middle East and Africa, and South America). For each segment, the market sizing and forecasts have been done based on value (in USD).
| By Design | |
| Hintegra Total Ankle Replacement | |
| Scandinavian Total Ankle Replacement | |
| Salto Total Ankle Replacement | |
| Mobility Total Ankle Replacement | |
| Other Designs (Eclipse, Inbone, among others) |
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Total Ankle Replacement Market Size Summary
The ankle replacement market is poised for significant growth, driven by an increasing geriatric population and a rising prevalence of osteoarthritis and rheumatoid arthritis. The demand for ankle replacements is expected to rise as these conditions lead to chronic ankle pain and reduced mobility, prompting more individuals to seek surgical interventions. The market's expansion is further supported by advancements in medical technology and product approvals, such as the introduction of patient-specific surgical planning and 3D-printed instruments. Despite the challenges posed by the COVID-19 pandemic, which temporarily disrupted orthopedic procedures, the market is recovering and is anticipated to grow steadily over the forecast period.
North America is projected to maintain a substantial share of the ankle replacement market, bolstered by a well-established healthcare infrastructure, high awareness of treatment options, and significant healthcare spending. The region's growth is also attributed to the increasing incidence of arthritis-related conditions and a growing elderly population, which is more susceptible to joint disorders. The market's competitive landscape is characterized by a few major players, such as Johnson & Johnson and Stryker Corporation, who dominate due to their technological expertise and ability to navigate regulatory challenges. Strategic activities like mergers and acquisitions are expected to further enhance market dynamics, with companies expanding their portfolios to include advanced ankle replacement solutions.
Total Ankle Replacement Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Growing Prevalence of Orthopedic Disorders Coupled with Growing Geriatric Population
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1.2.2 Rising Adoption of Minimally Invasive Surgeries and Technological Advancements
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1.3 Market Restraints
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1.3.1 Risks Associated with Total Ankle Replacement Surgery
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD)
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2.1 By Design
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2.1.1 Hintegra Total Ankle Replacement
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2.1.2 Scandinavian Total Ankle Replacement
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2.1.3 Salto Total Ankle Replacement
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2.1.4 Mobility Total Ankle Replacement
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2.1.5 Other Designs (Eclipse, Inbone, among others)
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2.2 Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.1.3 Mexico
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2.2.2 Europe
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2.2.2.1 Germany
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2.2.2.2 United Kingdom
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2.2.2.3 France
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2.2.2.4 Italy
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2.2.2.5 Spain
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2.2.2.6 Rest of Europe
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2.2.3 Asia-Pacific
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2.2.3.1 China
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2.2.3.2 Japan
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2.2.3.3 India
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2.2.3.4 Australia
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2.2.3.5 South Korea
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2.2.3.6 Rest of Asia-Pacific
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2.2.4 Middle East and Africa
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2.2.4.1 GCC
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2.2.4.2 South Africa
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2.2.4.3 Rest of Middle East and Africa
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2.2.5 South America
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2.2.5.1 Brazil
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2.2.5.2 Argentina
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2.2.5.3 Rest of South America
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Total Ankle Replacement Market Size FAQs
What is the current Total Ankle Replacement Market size?
The Total Ankle Replacement Market is projected to register a CAGR of 6.30% during the forecast period (2024-2029)
Who are the key players in Total Ankle Replacement Market?
Zimmer Biomet, Smith & Nephew, Exactech, Inc., Stryker and Enovis are the major companies operating in the Total Ankle Replacement Market.
