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Total Ankle Replacement Market Size

Report ID: GMI8624
Published Date: Mar 2024
Report Format: PDF

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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.

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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 Report Attributes
Report Attribute	Details
Base Year:	2023
Total Ankle Replacement Market Size in 2023:	USD 1 Billion
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	5.3%
2024 – 2032 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:	Increasing prevalence of osteoarthritis and rheumatoid arthritis Technological advancements in ankle replacement Rising incidence of ankle injuries coupled with growing aging population
Pitfalls & Challenges:	Risks of infection associated with TAR surgery

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Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

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.

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.

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