Total Ankle Replacement Market
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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.
Report Attribute | Details |
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Base Year: | 2023 |
Total Ankle Replacement Market size in 2023: | USD 1 Billion |
Forecast Period: | 2024 – 2032 |
Forecast Period 2023 - 2032 CAGR: | 5.3 |
2023 Value Projection: | USD 1.6 Billion |
Historical Data for: | 2021 – 2023 |
No of Pages: | 150 |
Tables, Charts & Figures: | 298 |
Segments Covered: | Product Type, Fixation Type, Design, Material, End-use, and Region |
Growth Drivers: |
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Pitfalls Challenges: |
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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.
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.
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.
Some of the eminent market participants operating in the total ankle replacement industry include:
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:
Some of the top total ankle replacement companies are Allegra, CONMED Corporation, Corin Group, Exactech, Inc., Integra LifeSciences, restor3d, Smith+Nephew, Stryker Corporation, Wright Medical Group N.V., and Zimmer Biomet
North America total ankle replacement industry accounted for USD 549.1 million in revenue in 2023 and is set to expand at a robust pace through 2032 attributed to the increasing patient awareness of treatment options for ankle arthritis, including total ankle replacements in the region.
Total ankle replacement (TAR) industry was worth USD 1 billion in revenue in 2023 and is expected to expand at 5.3% CAGR from 2024-2032 driven by the growing patient preference for joint preservation and restoration, and ongoing investments in R&D by manufacturers and academic institutions.
The two-component fixed bearing segment generated USD 728.3 million in 2023 and is estimated to witness high demand through 2032 due to surging need for better patient outcomes, including pain relief, range of motion, and functional improvement.