Global Ankle Syndesmosis Treatment Devices Market: Overview

  • Syndesmosis is the name of a ligament that connects two bones of a leg. These bones - tibia and fibula - are located between the knee and ankle joints. The tibia is the larger shin bone that supports most of the weight of the body, while the fibula is the smaller bone on the outside of the leg. Syndesmosis ligament injuries often occur in conjunction with other ankle injuries. A damaged syndesmosis, if left untreated, could lead to chronic instability and degenerative arthritis. Anyone with an ankle sprain or facture should also be diagnosed for a possible injury to the syndesmosis. Pain above the ankle, calf pain, and inability to place weight on the leg are the common symptoms of syndesmosis injury. Surgery is usually necessary in ankle fracture cases with syndesmosis damage to restore stability to the ankle joint by placing screws.
  • The global ankle syndesmosis treatment devices market is projected to grow at a significant pace during the forecast period, owing to rise in number of sports injuries.

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Key Drivers of Global Ankle Syndesmosis Treatment Devices Market

  • Ankle syndesmosis is diagnosed frequently in common ankle sprain; however, it primarily occurs in athletes. According to the ASPETAR Sports Medicine Journal, around 1 in 10,000 people suffers from ankle sprain across the world each day, and nearly half of all ankle sprains are due to sport-related activity. A recent systematic review and meta-analysis of the ankle sprain literature stated that the prevalence rate of ankle injury was 11.9% across the world in 2014. Rise in prevalence of ankle syndesmosis is a key factor boosting the growth of the global market.
  • Rapid adoption rates have been observed of technologies such as minimally invasive surgery (MIS), navigation technology, 3D bioprinting & tissue engineering, custom-made implants, computer-aided fixation of implants, and development of variable axis screw systems. These advanced products that offer advantages such as reduced post-operative complications are gaining momentum in terms of demand among end-users. This is anticipated to drive the global market during the forecast period.

Market Restraints

  • Generic products such as screws, nails, and pins, which are sold at around 40% lower price, are trimming the market share of branded products. These devices are sold to hospitals without extra services. Increase in the number of local manufacturers has resulted in competitive pricing scenario, thereby affecting revenues of the companies. This is expected to restrain the global market during the forecast period.

North America to Account for Major Share of Global Ankle Syndesmosis Treatment Devices Market

  • North America is likely to dominate the global ankle syndesmosis treatment devices market during the forecast period due to increase in sports-related injuries. A study carried out by the American Academy of Orthopedic Surgeons (AAOS) revealed that around 25% of sports injuries were related to lower extremities such as ankle and foot. Serious bone injuries have been reported recently among professionals as well as amateur sportspersons. According to the American Journal of Sports Medicine (2017), incidence of ankle sprain among the U.S. collegiate American football players is about 2.5 per 10,000 athletic exposures each year.

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Key Players Operating in Global Ankle Syndesmosis Treatment Devices Market

Major players operating in the global ankle syndesmosis treatment devices market are:

  • Arthrex, Inc.
  • ALEDA Makina Sanayi D?? Ticaret Ltd.
  • Zimmer Biomet
  • Jeil Medical Corporation
  • CarboFix Orthopedics Ltd.
  • Tulpar Medical Solution
  • Smith & Nephew, Inc.
  • Orthomed
  • Others

Global Ankle Syndesmosis Treatment Devices Market: Research Scope

Global Ankle Syndesmosis Treatment Devices Market, by Product

  • Screw Fixation
  • Suture-button Devices

Global Ankle Syndesmosis Treatment Devices Market, by Material

  • Bio-absorbable
  • Metallic

Global Ankle Syndesmosis Treatment Devices Market, by End-user

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

Global Ankle Syndesmosis Treatment Devices Market, by Region

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

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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