Total Ankle Replacement Market - By Product Type (Two-component Fixed Bearing, Three-component Mobile Bearing), Fixation Type (Cemented, Cement-less), Design (HINTEGRA, Scandinavian, Salto, INBONE, Zenith), Material, End-use – Global Forecast, (2024 – 2032)
Report ID: GMI8624
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Published Date: March 2024
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Report Format: PDF
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Base Year: 2023
Companies covered: 10
Tables & Figures: 298
Countries covered: 22
Pages: 150
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Total Ankle Replacement Market
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Total Ankle Replacement Market Size
Total Ankle Replacement Market size was valued at around USD 1 billion in 2023 and is expected to reach around USD 1.6 billion by 2032 at a CAGR of 5.3% from 2024 to 2032. Growing patient preference for joint preservation and restoration, improved surgical outcomes, and ongoing investments in research and development by TAR manufacturers and academic institutions are among the key factors expected to spur the market expansion.
The market growth trajectory is strongly influenced by the rising prevalence of Osteoarthritis and rheumatoid arthritis. This surge is driven by various factors such as the aging demographic, genetic predispositions, and shifts in lifestyle choices. For instance, according to the data published in a 2019 report by the World Health Organization (WHO), around 18 million people across the world were living with rheumatoid arthritis in 2019. Among those suffering, 70% were women and more than 55% people were aged over 55 years. Hence, there's a rising preference among patients to preserve or restore joint function, driving increased demand for total ankle replacements over fusion or conservative treatments.
Total ankle replacement (TAR), also known as total ankle arthroplasty, is a surgical procedure performed to treat severe ankle arthritis or other debilitating ankle conditions by replacing the damaged ankle joint with an artificial implant or prosthesis.
Total Ankle Replacement Market Trends
Minimally invasive techniques in ankle replacement surgery minimize tissue trauma, alleviate postoperative discomfort, and expedite patient recovery. Arthroscopic-assisted TAR methods empower surgeons to address intra-articular issues, refining surgical precision and enhancing results.
Total Ankle Replacement Market Analysis
The market by product type is categorized into two-component fixed bearing and three-component mobile bearing. The two-component fixed bearing segment dominates the market with a revenue of around USD 728.3 million in 2023.
The total ankle replacement market by fixation type is categorized into cemented, cement-less, hybrid, and reverse hybrid. The cemented segment accounted for majority revenue share and was valued at around USD 508.2 million in 2023.
The total ankle replacement market by design is categorized into HINTEGRA total ankle replacement, Scandinavian total ankle replacement, Salto total ankle replacement, BOX total ankle replacement, INBONE total ankle replacement, Zenith total ankle replacement, Mobility total ankle replacement, and other designs. The HINTEGRA total ankle replacement segment held leading revenue share in the market with a revenue of around USD 254.1 million in 2023.
Based on the material, the total ankle replacement market is segmented into metal, plastic, and ceramic. The metal segment held leading revenue share in 2023 and is anticipated to reach USD 882 million by 2032.
The total ankle replacement market by end-use is categorized into hospitals, orthopedic clinics, and other end-users. The hospitals segment dominates the market with a revenue of around USD 527.4 million in 2023.
North America total ankle replacement market accounted for USD 549.1 million revenue in 2023 and is predicted to witness substantial market growth.
Total Ankle Replacement Market Share
The total ankle replacement industry is characterized by a competitive landscape with several prominent players vying for improving their footprints and market share. The development and launch of novel implants with improved efficiency, longer life and cost-effectiveness are among a key market strategy for TAR manufacturers. Further, companies may form strategic partnerships with healthcare institutions, orthopedic surgeons, and research organizations to drive innovation, improve clinical outcomes, and expand their market reach.
Total Ankle Replacement Market Companies
Some of the eminent market participants operating in the total ankle replacement industry include:
Total Ankle Replacement Industry News
Total ankle replacement market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 to 2032 for the following segments:
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Market, By Product Type
Market, By Fixation Type
Market, By Design
Market, By Material
Market, By End-use
The above information is provided for the following regions and countries: