Market Size of Total Ankle Replacement Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 1.21 Billion |
Market Size (2029) | USD 1.72 Billion |
CAGR (2024 - 2029) | 6.00 % |
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 size is estimated at USD 1.21 billion in 2024, and is expected to reach USD 1.72 billion by 2029, at a CAGR of 6% during the forecast period (2024-2029).
Factors such as the rising prevalence of orthopedic disorders, an expanding geriatric population, a growing preference for minimally invasive surgeries, and ongoing technological advancements are poised to propel market growth during the forecast period.
The surge in osteoporosis cases stands out as a primary driver for market expansion. For instance, data published by the Bone Health and Osteoporosis Foundation (BHOF) in May 2023 highlighted osteoporosis as a leading cause of bone fractures in the United States, impacting around 10 million individuals. Furthermore, nearly 44 million Americans grapple with low bone density each year, a significant contributor to these fractures. This escalating fracture burden could heighten the incidence of ankle osteoporosis, necessitating more ankle surgeries and, consequently, bolstering market growth.
Moreover, the aging population is increasingly susceptible to orthopedic ailments like arthritis and osteoarthritis due to natural bone deterioration. For instance, according to an article in Effort Open Reviews, January 2023, noted that ankle fractures rank among the top injuries in the elderly. With the global aging population projected to more than double by 2050, the healthcare implications are significant. As arthritis becomes more prevalent with age, the demand for ankle replacement surgeries is set to rise, further fueling market growth.
Additionally, total ankle replacement surgeries serve as a viable treatment option for various conditions in patients with end-stage osteoarthritis. For instance, a study in BMC Musculoskeletal Disorders, in June 2024, revealed that Germany sees approximately 1,000 total ankle replacement surgeries each year. Thus, the high number of ankle replacement surgeries performed in the country is anticipated to propel the demand for associated products, driving market growth in the coming years.
Furthermore, companies are increasingly focusing on developing solutions for total ankle replacement surgery, aiming to enhance patient mobility and overall benefits, which is anticipated to drive market growth. For instance, in December 2023, BlueOrtho, a subsidiary of Exactech, secured 510(k) clearance from the Food and Drug Administration for ExactechGPS Ankle. This system is touted as the first surgical navigation tool for total ankle arthroplasty (TAA). The GPS Ankle technology uniquely bridges the preoperative plan with real-time guidance during surgery, ensuring that resections align with the surgical blueprint.
Similarly, in May 2023, Exactech conducted its inaugural surgery using the Vintage total ankle fixed-bearing system in Latin America. This innovative system aims to mimic the natural biomechanics of the ankle joint, featuring a curved talus component that aligns seamlessly with the trabecular bone structure of the talus, complemented by its tibial implant.
Given the high prevalence of joint-related disorders, an aging population, and the introduction of new products, the market is poised for growth in the coming years. Nonetheless, potential risks tied to total ankle replacement surgeries could pose challenges to this growth trajectory.
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
How big is the Total Ankle Replacement Market?
The Total Ankle Replacement Market size is expected to reach USD 1.21 billion in 2024 and grow at a CAGR of 6% to reach USD 1.72 billion by 2029.
What is the current Total Ankle Replacement Market size?
In 2024, the Total Ankle Replacement Market size is expected to reach USD 1.21 billion.