Ankle Replacement System Market: Introduction

  • Ankle replacement surgery is a replacement of the damaged ankle joint with an artificial implant.
  • People who are affected by severe pain from arthritis can undergo two options of treatment: ankle fusion and ankle replacement
  • Ankle replacement system consist of two or three components. Earlier designs required cement to hold them but new versions do not need cement. These components include tibial plate and talar component, both of which consist of material Cobalt-Chromium-Molybdenum alloy with titanium plasma spray coating, and mobile bearing, which consist of polyethylene (UHMWPe) with stainless steel radiographic marker wires.
  • The implanted device replaces the damaged articulating surfaces of the shin (tibia) and ankle (talus) bones in a painful arthritic ankle joint

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Key Drivers and Restraints of Global Ankle Replacement System Market

  • Growth in aging population and increase in prevalence of rheumatoid and osteoarthritis, which cause severe pain, are some of the major factors driving the global ankle replacement system market
  • According to the United Nations World Population Prospects data, in 2019, around 9% of the global population is over the age of 65 years, which is estimated to grow up to 16% of the total world population by 2050
  • As per the Arthritis Foundation stats, in 2002, 10.5 million people in the U.S. were suffering from severe joint pain caused by arthritis. This number reached 14.6 million in 2014.
  • Increase in sports injuries and number of approved products with advance features are some of the factors responsible for the growth of the global ankle replacement system market

Active or Prior Deep Infections in Ankle Joint or Adjacent Bone to Hamper Market

  • Ankle replacement surgery is successful in most cases; however, sometimes, it bears some risks in terms of infection, nearby nerve damage, bleeding, blood clot, and misalignment of bone, which can cause complications
  • Smokers and people with low-density levels and diabetes also experience increased levels of complications. Due to these associated risks, the market for ankle replacement system may be affected.
  • Failure of surgery or system needs revision surgery. This failure and unfavorable scenario in developing countries is restraining the growth of global ankle replacement system market

Mobile-bearing Device Type Segment to be Promising

  • Based on device type, the global ankle replacement system market can be bifurcated into fixed-bearing and mobile-bearing
  • Mobile-bearing segment, which consists of three component systems, is likely to be most lucrative during the forecast period
  • Mobile component allows rotation translation and can reduce the stress at junction of the implant and bone interface. These features of mobile-bearing system are expected to drive the segment. 

Ease in Movement Offered by Alloy Material to Drive Segment

  • In terms of material, the global ankle replacement system can be divided into metal, alloy, and resins
  • Cobalt chromium alloy materials are used mostly for three-component design. They enable ease of movement. Thus, this factor is expected to drive the segment during the forecast period.

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Hospital End-user Segment to Dominate Global Market

  • Based on end-user, the global ankle replacement system market can be categorized into hospitals and ambulatory surgery centers
  • Hospitals segment is anticipated to dominate the global ankle replacement system market during the forecast period
  • Rise in the number of admissions of patients in hospitals for ankle replacement and availability of better facilities at hospitals are some of the major factors responsible for the growth of this segment

North America to Lead Global Market for Ankle Replacement System

  • In terms of region, the global ankle replacement system market can be divided into: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • North America dominated the global ankle replacement system market in 2018 due to high prevalence of rheumatoid & osteoarthritis, favorable reimbursement scenario, and increasing U.S. FDA approvals of advanced products
  • Ankle replacement system market in Asia Pacific is projected to grow at a rapid CAGR during the forecast period. Growth in aging population with large patient pool of osteoarthritis, rise in cases of trauma & accidents, and increase in health care expenditure are some of the major factors that are estimated to propel the ankle replacement system market in the region.

Key Manufacturers Operating in Global Market

 Key manufacturers operating in the global ankle replacement system market are:

  • Stryker Corporation
  • Integra LifeSciences Corporation
  • DePuy Synthes
  • Wright Medical Group Inc.
  • Zimmer Biomet
  • MatOrtho Limited
  • Exactech, Inc.
  • DT MedTech, LLC
  • Corin Group
  • Marle

Global Ankle Replacement System Market: Research Scope

Global Ankle Replacement System Market, by Device Type

  • Fixed-bearing
  • Mobile-bearing

Global Ankle Replacement System Market, by Material

  • Metal
  • Alloy
  • Resins

Global Ankle Replacement System Market, by End-user

  • Hospitals
  • Ambulatory Surgery Centers

Global Ankle Replacement System Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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Ankle Replacement System Market