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Foot Arthrodesis Plates Market: Introduction

  • Arthrodesis, also referred to as a joint fusion, is a procedure in which the separate bones that make up the arch of the foot are permanently fused into a single mass of bone. This procedure helps relieve the unrelenting pain that cannot be appropriately managed by traditional treatments, physical therapy, splints, or pain medication, and natural remedies.

Key Drivers and Opportunities of Global Foot Arthrodesis Plates Market

  • Increase in number of patient with osteoarthritis, rheumatoid arthritis, traumatic injuries, and fractures leads to disruption of the joint's ability to properly function. This, in turn, is projected to drive the demand for arthrodesis plates and subsequently, drive the global market. For instance, the prevalence of rheumatoid arthritis is highly variable, depending on gender and race, and it is expected to increase in the near future. In the U.S., osteoarthritis effects on average 27 million people, of these 16 million to 20 million are aged between 25 and 74.
  • Furthermore, an increase in focus on research & development to introduce newer products in the market is likely augment the market. For instance, in September 2020, Stryker launched the ankle fusion titanium plate system. This enabled the company to strengthen its products portfolio. In October 2020, Tyber Medical, LLC received U.S. Food and Drug Administration approval for its new line of foot and ankle plating systems. This enabled Tyber to expand the methodology beyond the lower extremities and into all areas of the skeletal anatomy.
  • An increase in awareness and inclination toward minimally invasive surgeries are key factors that are also anticipated to propel the market
  • Rise in adoption of advaced technologies and governments’ initiatives to make significant investments toward modernization of healthcare infrastructure in developing countries are likely to create the significant opportunity in the market. Key players emphasize on investing in emerging markets to strengthen geographic reach, enhance product portfolio, and consolidate their position in the market.

North America to Capture Major Share of Global Foot Arthrodesis Plates Market

  • North America is expected to account for a major share of the global foot arthrodesis plates market due to the presence of key market players. Moreover, early adoption of advanced technologies is likely fuel the market.
  • The foot arthrodesis plates market in Asia Pacific is estimated to expand at a rapid pace during the forecast period. Rise in number of patients with osteoarthritis and rheumatoid arthritis boosts the demand for arthrodesis products and subsequently, drives the market.

Key Players Operating in Global Foot Arthrodesis Plates Market

The global foot arthrodesis plates market is highly concentrated due to the presence of key players. A large number of manufacturers hold a major share in their respective regions. Demand for foot arthrodesis plates has increased in emerging as well as developed markets. Growth strategies adopted by leading players are likely to drive the global market.

Major players operating in the global foot arthrodesis plates market are:

  • Zimmer Biomet
  • Arthrosurface
  • Stryker
  • Medline Industries, Inc
  • Paragon 28, Inc.
  • Marquardt Medizintechnik
  • Johnson & Johnson (Medical Devices Business Services, Inc.)
  • Acumed
  • Wright Medical Group N.V.
  • Novastep
  • ALEDA
  • Astrolabe Medical
  • Other Prominent Players

Global Foot Arthrodesis Plates Market: Research Scope

Global Foot Arthrodesis Plates Market, by Thickness

  • Less Than 1 mm
  • 1-2 mm
  • More Than 2 mm

Global Foot Arthrodesis Plates Market, by Application

  • Interphalangeal Foot Joint
  • Hallux
  • Metatarsophalangeal Joint
  • Tarso-metatarsal Joint
  • Others

Global Foot Arthrodesis Plates Market, by End-user

  • Hospitals & Specialty Clinics
  • Ambulatory Surgical Centers
  • Others

Global Foot Arthrodesis Plates Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • 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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Foot Arthrodesis Plates Market

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