Total Ankle Replacement Market Size, Share, Impressive Industry Growth, Analysis Report 2028

 

The global total ankle replacement market is estimated to grow at a CAGR of nearly 7.0% during the forecast period. The market is highly consolidated owing to the strong dominance by the major players such as Stryker Corp., Johnson & Johnson Services, Inc., Integra LifeSciences Corp., Zimmer Biomet Holdings, Inc., and Exactech, Inc. The most commonly used total ankle replacement products offered by these market players include INBONE Total Ankle System (Wright Medical), INFINITY Total Ankle System (Wright Medical), STAR (Stryker), Trabecular Metal Total Ankle (Zimmer Biomet), and Salto Talaris (Integra Lifesciences).

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Apart from the major players, some companies are launching new products with more safety, accuracy, and reliability to strengthen their position in the market. For instance, in February 2020, In2Bones SAS launched Quantum total ankle replacement for the treatment of patients suffering from arthritis. The system is designed to enhance stability, improve patient mobility, and technologically innovative placement of implants based on patient-specific anatomy. In comparison to the existing total ankles on the market, this new system has anatomically designed talus with a dual radius of curvature that improves dorsi and the plantar flexion of the patient.

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Additionally, it can offer better stability and fixation upon impaction owing to the unique cruciate shaped vertical stem in the tibia. This new system comprises OrthoPlanify patient-specific instrumentation (PSI), which makes it the second total ankle on the market with this patient CT guided technology. OrthoPlanify is intended to support a surgeon to alter, adjust and manipulate the views and use 3D-printed guides in the procedure for accurate bone cuts. There is a considerable need for advances in PSI for the total ankle, and therefore, the system can facilitate surgeons to perform the procedure more accurately and improve patient mobility.

Further, in November 2019, Stryker Corp. entered into a definitive agreement to acquire Wright Medical Group N.V., a medical device engaged in extremities and biologics. The acquisition of Wright Medical will bring a high customer base and complementary product portfolio to the trauma and extremities business of Stryker. Wright Medical has a global sale of nearly $1 billion and is renowned in the lower extremities (foot and ankle), upper extremities (hand, shoulder. Elbow, and wrist), and biologics market, the emerging segments in orthopedics.

The upper extremity portfolio of Wright Medical and breakthrough preoperative planning technology will include in the Stryker’s portfolio. Wright Medical’s biologics and lower extremity will complement the portfolio of Stryker and reinforce the company’s position in these high-growth segments. In addition to the increasingly global market position in trauma & extremities, this acquisition is offering significant opportunities to improve outcomes, advance innovation, and access to more patients. This, in turn, will offer an opportunity for the introduction of more innovative products that will likely accelerate the global total ankle replacement market.  

Global Total Ankle Replacement Market- Segmentation

By Design

·         BOX Total Ankle Replacement

·         Scandinavian Total Ankle Replacement (STAR)

·         Mobility Total Ankle Replacement

·         Zenith Total Ankle Replacement

·         Salto Total Ankle Replacement

·         Hintegra Total Ankle Replacement

·         Others

By Material

·         Metal

·         Plastic

By Application

·         Osteoarthritis

·         Rheumatoid Arthritis

Global Total Ankle Replacement Market– Segment by Region

North America          

·         United States

·         Canada

Europe

·         Germany

·         United Kingdom

·         France

·         Spain

·         Italy

·         Rest of Europe

Asia-Pacific   

·         China

·         Japan

·         India

·         Rest of Asia-Pacific

Rest of the World

·         Middle East & Africa

·         Latin America

Company Profiles

·         Corin Group

·         DT MedTech, LLC

·         Exactech, Inc.

·         In2Bones SAS

·         Integra LifeSciences Corp.

·         Johnson & Johnson Services, Inc.

·         MatOrtho Ltd.

·         Smith and Nephew plc

·         Stryker Corp.

·         Zimmer Biomet Holdings, Inc.

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