The total ankle replacement market is expected to witness a CAGR of 6.3%, during the forecast period.
- The total ankle replacement market is majorly driven by the aging population and the increasing prevalence of rheumatoid and osteoarthritis diseases.
- According to the Centers for Disease Control and Prevention, during 2013- 2015, in the United States, an estimated 54.4 million adults were diagnosed with some form of arthritis.
- In the United States, osteoarthritis affects 14% of adults aged 25 years and older and 34% of those aged 65 years and older. It is also estimated that 1.5 million adults are suffering from rheumatoid arthritis, while 3.0 million adults are suffering from gout in the country. An estimated 2, 94,000 children under the age of 18 (or one in every 250 children) have been diagnosed with arthritis or another rheumatologic condition, in the United States.
- Hence, the increasing number of cases of osteoarthritis and rheumatoid arthritis in adults and children is likely to increase the demand for total ankle replacement surgeries.
Scope of the Report
This report analyzes the total ankle replacement market. Ankle replacement devices are used in the treatment of the injuries and end-stage disorders related to the ankle. Under the design segment, HINTEGRA total ankle replacement, Scandinavian total ankle replacement, salto total ankle replacement, BOX total ankle replacement, zenith total ankle replacement, mobility total ankle replacement, and other designs have been considered.
Key Market Trends
HINTEGRA Total Ankle Replacement Segement is Poised to Register Robust Growth
The HINTEGRA total ankle replacement (TAR) was designed by Beat Hintermann, Greta Dereymaeker, Ramon Viladot, and Patrice Diebold, in 2000. HINTEGRA TAR is an unconstrained, three-component system that provides inversion-eversion stability. The HINTEGRA TAR consists of two metallic components and an ultrahigh-density polyethylene mobile bearing, which provides axial rotation and normal flexion-extension mobility. TAR has evolved to become a valuable gold standard treatment option for patients with end-stage ankle osteoarthritis. HINTEGRA TAR is preferred more, because of its high success rate in replacement procedures.
The United States is Expected to Dominate the Total Ankle Replacement Market
The United States dominates the total ankle replacement market, owing to high awareness among the people and availability of reimbursements. Asia-Pacific is predicted to be the emerging region in the total ankle replacement market during the forecast period, due to increasing healthcare expenditure and rising awareness regarding innovative medical technologies.
Globally, few major players control a major share of the market studied, which is primarily due to a need for high technological expertise in the development of devices and regulatory challenges involved in the development of total ankle replacement devices. Key market players include DePuy Synthes, Integra LifeSciences, Stryker Corporation, Wright Medical Group Inc., MatOrtho, Corin Group, and Zimmer Holdings, among others.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Geriatric Population
4.2.2 Growing Prevalence of Osteoarthritis and Rheumatoid Arthritis
4.3 Market Restraints
4.3.1 Risks Associated with Total Ankle Replacement Surgery
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Design
5.1.1 HINTEGRA Total Ankle Replacement
5.1.2 Scandinavian Total Ankle Replacement
5.1.3 Salto Total Ankle Replacement
5.1.4 BOX Total Ankle Replacement
5.1.5 Zenith Total Ankle Replacement
5.1.6 Mobility Total Ankle Replacement
5.1.7 Other Designs
5.2.1 North America
188.8.131.52 Rest of Europe
184.108.40.206 South Korea
220.127.116.11 Rest of Asia-Pacific
5.2.4 Middle East & Africa
18.104.22.168 South Africa
22.214.171.124 Rest of Middle East & Africa
5.2.5 South America
126.96.36.199 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 DePuy Synthes
6.1.2 Integra LifeSciences
6.1.3 Stryker Corporation
6.1.4 Wright Medical Group Inc.
6.1.6 Zimmer Holdings
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.