Total Ankle Replacement Market
Global Total Ankle Replacement Market Size, Share & Trends Analysis Report, By Design (BOX, Scandinavian, Mobility, Zenith, Salto, Hintegra, and Others), By Material (Metal and Plastic), By Application (Osteoarthritis and Rheumatoid Arthritis) and Forecast, 2020-2026 Update Available - Forecast 2024-2030
The global total ankle replacement market is estimated to grow at a CAGR of nearly 7.0% during the forecast period. Rising prevalence of osteoarthritis, rising demand for minimally invasive joint replacement procedures, and increasing geriatric population are the major factors driving the demand for total ankle replacement procedures. Increasing prevalence of osteoarthritis was reported both in the adults and ageing population. As per the Centers for Disease Control and Prevention (CDC), during the period 2013–2015, nearly 54.4 million US adults (22.7%) annually had some form of rheumatoid arthritis, arthritis, gout, fibromyalgia, or lupus.
The adults suffering from arthritis differs by state, which ranges from 17.2% in Hawaii to 33.6% in West Virginia in 2015. Based on the county, the percentage of adults with arthritis differs considerably, ranging from 11.2% to 42.7% in 2015. By 2040, it was estimated by the CDC that 78 million (26%) US adults aged 18 years and older will be diagnosed with arthritis. The number of osteoarthritis cases will also increase due to the rising geriatric population as it is one of the major causes of disability in people aged more than 65 years.
This rising prevalence will accelerate the demand for total ankle replacement procedure for patients with osteoarthritis and rheumatoid arthritis. The procedure can provide relief from pain and maintain motion in the arthritic ankle joint. Total ankle replacement is an alternative to ankle fusion procedure which can relieve pain, however, eliminates motion in the joint. In July 2018, Wright Medical Group N.V. declared that the total ankle replacement procedures using their devices surpassed 30,000 since 2008. The company offers a complete range of primary to revision total ankle system which include INBONE Total Ankle System, INFINITY Total Ankle System, PROPHECY Preoperative Navigation, and INVISION Total Ankle Revision System.
INBONE Total Ankle System is one of the most commonly used total ankle replacement device owing to its increased tibiotalar stability, talar fixation, and comprehensive sizing. Other commonly used total ankle replacement systems include INIFINITY (Wright), STAR (Stryker), Trabecular Metal Total Ankle (Zimmer Biomet), and Salto Talaris (Integra Lifesciences). As a result, these players have a major dominance in the market and other market players are also launching more safe and effective total ankle replacement systems to make a significant position in the market. In November 2019, Stryker declared an agreement to acquire Wright Medical Group to further strengthen its trauma and extremities business.
Market Segmentation
The global total ankle replacement market is segmented based on the design, material, and application. Based on design, the market is classified into BOX, scandinavian, mobility, zenith, salto, hintegra, and others. Based on material, the market is segmented into metal and plastic. Based on application, the market is segmented into osteoarthritis and rheumatoid arthritis.
Metal finds its significant application in the total ankle replacement systems
Metals are being most commonly used in medical implants as it contains unique and normally useful surface and biological properties, such as heat transduction and biocompatible strain. As compared to polymers which are usually intended to degrade by erosion or hydrolysis, metals degrade in the body by either galvanic corrosion or oxidative corrosion. Moreover, owing to the fracture toughness and high mechanical strength, they are useful for load-bearing applications. The most common metals and alloys that are utilized in implants such as titanium, stainless steel, and nickel-titanium alloy (nitinol), and cobalt-chrome alloy. Trabecular Metal Total Ankle by Zimmer Biomet and INBONE Total Ankle System by Wright are the major instances of a metal-based total ankle replacement system that are designed to reproduce the natural flexibility and preserve motion in ankle arthroplasty patients.
Global Total Ankle Replacement Market Share by Material, 2019 (%)
Regional Outlook
The market is segmented into four major regions including North America, Europe, Asia-Pacific, and Rest of the World (RoW). In 2019, North America is expected to hold a significant share in the market owing to the rising number of joint replacement procedures owing to the increasing prevalence of arthritis in the region. Asia-Pacific is estimated to witness potential growth during the forecast period owing to the rising adoption of minimally invasive procedures for joint replacement procedures and rising geriatric population base. Rising sports injuries are further anticipated to drive the demand for total ankle replacement procedures in the region.
Global Total Ankle Replacement Market Growth, by Region 2020-2026
Market Players Outlook
The major players operating in the market include Johnson & Johnson Services, Inc., Stryker Corp., Integra LifeSciences Corp., Zimmer Biomet Holdings, Inc., and Exactech, Inc. The market players are focusing on strategies including mergers and acquisitions, product launches, and partnerships and collaborations, which intends to generate significant revenue by offering more safe, reliable, cost-effective, and efficient total ankle replacement system. For instance, in February 2020, In2Bones SAS launched Quantum total ankle replacement for the treatment of patients suffering from arthritis and is designed to increase stability, improve patient mobility, and technologically advance implant placement based on patient-specific anatomy. In comparison to the currently available total ankles on the market, this new system has anatomically designed talus with a dual radius of curvature that improves dorsi and the plantar flexion of the patient.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global total ankle replacement market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
1.2.3. By Stakeholders
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Stryker Corp.
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Integra LifeSciences Corp.
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Zimmer Biomet Holdings, Inc.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. Exactech, Inc.
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. Johnson & Johnson Services, Inc.
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1 Motivators
4.2 Restraints
4.3 Opportunities
5. Market Segmentation
5.1. Global Total Ankle Replacement Market by Design
5.1.1. BOX Total Ankle Replacement
5.1.2. Scandinavian Total Ankle Replacement (STAR)
5.1.3. Mobility Total Ankle Replacement
5.1.4. Zenith Total Ankle Replacement
5.1.5. Salto Total Ankle Replacement
5.1.6. Hintegra Total Ankle Replacement
5.1.7. Others
5.2. Global Total Ankle Replacement Market by Material
5.2.1. Metal
5.2.2. Plastic
5.3. Global Total Ankle Replacement Market by Application
5.3.1. Osteoarthritis
5.3.2. Rheumatoid Arthritis
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Corin Group
7.2. DT MedTech, LLC
7.3. Exactech, Inc.
7.4. In2Bones SAS
7.5. Integra LifeSciences Corp.
7.6. Johnson & Johnson Services, Inc.
7.7. MatOrtho Ltd.
7.8. Smith and Nephew plc
7.9. Stryker Corp.
7.10. Zimmer Biomet Holdings, Inc.
1. GLOBAL TOTAL ANKLE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY DESIGN, 2019-2026 ($ MILLION)
2. GLOBAL BOC TOTAL ANKLE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
3. GLOBAL SCANDINAVIAN TOTAL ANKLE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
4. GLOBAL MOBILITY TOTAL ANKLE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
5. GLOBAL ZENITH TOTAL ANKLE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
6. GLOBAL SALTO TOTAL ANKLE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
7. GLOBAL HINTEGRA TOTAL ANKLE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
8. GLOBAL OTHER TOTAL ANKLE REPLACEMENT DESIGNS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
9. GLOBAL TOTAL ANKLE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2019-2026 ($ MILLION)
10. GLOBAL METAL-BASED TOTAL ANKLE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
11. GLOBAL PLASTIC-BASED TOTAL ANKLE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
12. GLOBAL TOTAL ANKLE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
13. GLOBAL TOTAL ANKLE REPLACEMENT IN OSTEOARTHRITIS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
14. GLOBAL TOTAL ANKLE REPLACEMENT IN RHEUMATOID ARTHRITIS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
15. GLOBAL TOTAL ANKLE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
16. NORTH AMERICAN TOTAL ANKLE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
17. NORTH AMERICAN TOTAL ANKLE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY DESIGN, 2019-2026 ($ MILLION)
18. NORTH AMERICAN TOTAL ANKLE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2019-2026 ($ MILLION)
19. NORTH AMERICAN TOTAL ANKLE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
20. EUROPEAN TOTAL ANKLE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
21. EUROPEAN TOTAL ANKLE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY DESIGN, 2019-2026 ($ MILLION)
22. EUROPEAN TOTAL ANKLE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2019-2026 ($ MILLION)
23. EUROPEAN TOTAL ANKLE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
24. ASIA-PACIFIC TOTAL ANKLE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
25. ASIA-PACIFIC TOTAL ANKLE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY DESIGN, 2019-2026 ($ MILLION)
26. ASIA-PACIFIC TOTAL ANKLE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2019-2026 ($ MILLION)
27. ASIA-PACIFIC TOTAL ANKLE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
28. REST OF THE WORLD TOTAL ANKLE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY DESIGN, 2019-2026 ($ MILLION)
29. REST OF THE WORLD TOTAL ANKLE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2019-2026 ($ MILLION)
30. REST OF THE WORLD TOTAL ANKLE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
1. GLOBAL TOTAL ANKLE REPLACEMENT MARKET SHARE BY DESIGN, 2019 VS 2026 (%)
2. GLOBAL TOTAL ANKLE REPLACEMENT MARKET SHARE BY MATERIAL, 2019 VS 2026 (%)
3. GLOBAL TOTAL ANKLE REPLACEMENT MARKET SHARE BY APPLICATION, 2019 VS 2026 (%)
4. GLOBAL TOTAL ANKLE REPLACEMENT MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
5. US TOTAL ANKLE REPLACEMENT MARKET SIZE, 2019-2026 ($ MILLION)
6. CANADA TOTAL ANKLE REPLACEMENT MARKET SIZE, 2019-2026 ($ MILLION)
7. UK TOTAL ANKLE REPLACEMENT MARKET SIZE, 2019-2026 ($ MILLION)
8. FRANCE TOTAL ANKLE REPLACEMENT MARKET SIZE, 2019-2026 ($ MILLION)
9. GERMANY TOTAL ANKLE REPLACEMENT MARKET SIZE, 2019-2026 ($ MILLION)
10. ITALY TOTAL ANKLE REPLACEMENT MARKET SIZE, 2019-2026 ($ MILLION)
11. SPAIN TOTAL ANKLE REPLACEMENT MARKET SIZE, 2019-2026 ($ MILLION)
12. ROE TOTAL ANKLE REPLACEMENT MARKET SIZE, 2019-2026 ($ MILLION)
13. INDIA TOTAL ANKLE REPLACEMENT MARKET SIZE, 2019-2026 ($ MILLION)
14. CHINA TOTAL ANKLE REPLACEMENT MARKET SIZE, 2019-2026 ($ MILLION)
15. JAPAN TOTAL ANKLE REPLACEMENT MARKET SIZE, 2019-2026 ($ MILLION)
16. REST OF ASIA-PACIFIC TOTAL ANKLE REPLACEMENT MARKET SIZE, 2019-2026 ($ MILLION)
17. REST OF THE WORLD TOTAL ANKLE REPLACEMENT MARKET SIZE, 2019-2026 ($ MILLION)
