Ankle Replacement (Arthroplasty) Market by Application and Geography - Forecast and Analysis 2021-2025

Published: Jan 2022

Pages: 120

SKU: IRTNTR72025

Snapshot

The ankle replacement (arthroplasty) market share is expected to increase by USD 99.48 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 8.61%.

This ankle replacement (arthroplasty) market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers ankle replacement (arthroplasty) market segmentations by application (FB ankle systems and MB ankle systems) and geography (North America, Europe, Asia, and ROW). The ankle replacement (arthroplasty) market report also offers information on several market vendors, including Amplitude Surgical SA, Corin Group Plc, Exactech Inc., Integra LifeSciences Holdings Corp., Johnson and Johnson Inc., MatOrtho Ltd., Smith and Nephew plc, Stryker Corp., Wright Medical Group NV, and Zimmer Biomet Holdings Inc. among others.

What will the Ankle Replacement (Arthroplasty) Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Ankle Replacement (Arthroplasty) Market Size for the Forecast Period and Other Important Statistics

Ankle Replacement (Arthroplasty) Market: Key Drivers, Trends, and Challenges

The increasing prevalence of ankle arthritis and associated risk factors is notably driving the ankle replacement (arthroplasty) market growth, although factors such as the high cost of tar may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the ankle replacement (arthroplasty) market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Ankle Replacement (Arthroplasty) Market Driver

The increasing prevalence of ankle arthritis and associated risk factors is one of the key drivers supporting ankle replacement (arthroplasty) market growth. The chances of developing ankle arthritis increase with age. This is primarily attributed to the wear and tear of the ankle joints over time, which leads to the cartilage becoming thin and less flexible, making it prone to OA. Globally, the geriatric population is growing rapidly owing to the rise in average life expectancy. For instance, in the UK, nearly one out of every five people aged 75 years and above who have sought treatment for OA have a condition in the foot and ankle. The prevalence of ankle arthritis is also on the rise due to the increasing rate of risk factors such as obesity and smoking. Thus, there is an increase in demand for TAR, which, in turn, is driving the market growth.

Key Ankle Replacement (Arthroplasty) Market Trend

The increasing preference for TAR over ankle fusion is another factor supporting the ankle replacement (arthroplasty) market growth. In the last few decades, refinement of surgical techniques and advances in TAR prosthesis designs have led to improved outcomes. Further, the new generation implants are designed to mimic the natural movements of the ankle joint better. Patients undergoing TAR procedures can now walk pain-free with a normal gait within a year of the surgery. The level of pain relief and improvement of functionality outcomes offered by the newer implants are also similar to ankle fusion procedures. Hence, there is an increasing preference for TAR over ankle fusion because of the recent improvements in implant design and positive short- to medium-term result outcomes after TAR procedures. Such factors will drive market growth.

Key Ankle Replacement (Arthroplasty) Market Challenge

The high cost of tar is one of the factors hindering ankle replacement (arthroplasty) market growth. For instance, in the US, the average cost of TAR procedures ranges from $25,000 to $50,000. The procedural costs can significantly increase depending on the type of implant used, hospitalization costs, adjunctive procedures, the country where the procedure is being undertaken, and the medications required. A significant number of patients need to undergo revision ankle replacement surgeries due to reasons such as aseptic loosening, subsidence, osteolysis, malpositioning, deep infection, and failure of implant components, which can lead to a significant financial burden on patients as well as hospitals. Such high costs will impede the market growth during the forecast period.

This ankle replacement (arthroplasty) market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the ankle replacement (arthroplasty) market as a part of the global Information Technology Spending Market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the ankle replacement (arthroplasty) market during the forecast period.

Who are the Major Ankle Replacement (Arthroplasty) Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

This statistical study of the ankle replacement (arthroplasty) market encompasses successful business strategies deployed by the key vendors. The ankle replacement (arthroplasty) market is fragmented and the vendors are deploying growth strategies such as operational costs, innovation, price, and product quality to compete in the market.

Product Insights and News

Exactech Inc. - The company offers ankle replacement products such as Truliant Knee System, Truliant Primary Knee, Turliant Revision Knee and many more.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The ankle replacement (arthroplasty) market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Ankle Replacement (Arthroplasty) Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the ankle replacement (arthroplasty) market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the Information Technology Spending Market includes the following core components:

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for Ankle Replacement (Arthroplasty) Market?

For more insights on the market share of various regions Request for a FREE sample now!

46% of the market's growth will originate from North America during the forecast period. The US is the key market for ankle replacement (arthroplasty) market in North America. Market growth in this region will be slower than the growth of the market in Asia.

The rising public and private healthcare expenditure will facilitate the ankle replacement (arthroplasty) market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 led to a slight decline in the growth of the ankle replacement (arthroplasty) market in North America in 2020, owing to the temporary pause on the research of new drugs for ankle replacement (arthroplasty) and canceled non-urgent medical surgeries such as arthroplasty. However, the resumption of canceled and postponed arthroplasty surgeries and the fastened research programs of ankle replacement (arthroplasty) since Q4 2020 are expected to drive the growth of the regional market during the forecast period.

What are the Revenue-generating Application Segments in the Ankle Replacement (Arthroplasty) Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The ankle replacement (arthroplasty) market share growth by the FB ankle systems segment will be significant during the forecast period. In a fixed-bearing (FB) ankle system, the articulating surface is locked, molded, or attached to one of its metallic components. It offers various advantages over mobile-bearing (MB) designs, such as the recreation of the normal anatomy of the ankle with a stable fixed plafond of the tibial component/polyethylene. Thus, the FB ankle systems segment is expected to grow steadily during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the ankle replacement (arthroplasty) market size and actionable market insights on post COVID-19 impact on each segment.

Ankle Replacement (Arthroplasty) Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 8.61%
Market growth 2021-2025	$ 99.48 million
Market structure	Fragmented
YoY growth (%)	7.90
Regional analysis	North America, Europe, Asia, and ROW
Performing market contribution	North America at 46%
Key consumer countries	US, Germany, UK, China, and Japan
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Amplitude Surgical SA, Corin Group Plc, Exactech Inc., Integra LifeSciences Holdings Corp., Johnson and Johnson Inc., MatOrtho Ltd., Smith and Nephew plc, Stryker Corp., Wright Medical Group NV, and Zimmer Biomet Holdings Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Ankle Replacement (Arthroplasty) Market Report?

CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will drive ankle replacement (arthroplasty) market growth during the next five years
Precise estimation of the ankle replacement (arthroplasty) market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the ankle replacement (arthroplasty) industry across North America, Europe, Asia, and ROW
A thorough analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of ankle replacement (arthroplasty) market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

***1. Executive Summary

***2. Market Landscape

**2.1 Market ecosystem

*Exhibit 01: Parent market

*Exhibit 02: Market characteristics

**2.2 Value chain analysis

*Exhibit 03: Value Chain Analysis: Healthcare equipment

*2.2.1Research and development

*2.2.2 Inputs

*2.2.3 Operations

*2.2.4 Distribution

*2.2.5 Marketing and sales

*2.2.6 Post-sales and services

*2.2.7 Industry innovations

***3. Market Sizing

**3.1 Market definition

**3.2 Market segment analysis

*Exhibit 04: Market segments

**3.3 Market size 2020

**3.4 Market outlook: Forecast for 2020 - 2025

*Exhibit 05: Global - Market size and forecast 2020 - 2025 ($ million)

*Exhibit 06: Global market: Year-over-year growth 2020 - 2025 (%)

***4. Five Forces Analysis

**4.1 Five Forces Summary

*Exhibit 07: Five forces analysis 2020 & 2025

**4.2 Bargaining power of buyers

*Exhibit 08: Bargaining power of buyers

**4.3 Bargaining power of suppliers

*Exhibit 09: Bargaining power of suppliers

**4.4 Threat of new entrants

*Exhibit 10: Threat of new entrants

**4.5 Threat of substitutes

*Exhibit 11: Threat of substitutes

**4.6 Threat of rivalry

*Exhibit 12: Threat of rivalry

**4.7 Market condition

*Exhibit 13: Market condition - Five forces 2020

***5. Market Segmentation by Application

**5.1 Market segments

*The segments covered in this chapter are:

FB ankle systems
MB ankle systems

*Exhibit 14: Application - Market share 2020-2025 (%)

**5.2 Comparison by Application

*Exhibit 15: Comparison by Application

**5.3 FB ankle systems - Market size and forecast 2020-2025

*Exhibit 16: FB ankle systems - Market size and forecast 2020-2025 ($ million)

*Exhibit 17: FB ankle systems - Year-over-year growth 2020-2025 (%)

**5.4 MB ankle systems - Market size and forecast 2020-2025

*Exhibit 18: MB ankle systems - Market size and forecast 2020-2025 ($ million)

*Exhibit 19: MB ankle systems - Year-over-year growth 2020-2025 (%)

**5.5 Market opportunity by Application

*Exhibit 20: Market opportunity by Application

***6. Customer landscape

*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

*Exhibit 21: Customer landscape

***7. Geographic Landscape

**7.1 Geographic segmentation

*The regions covered in the report are:

North America
Europe
Asia
ROW

*Exhibit 22: Market share by geography 2020-2025 (%)

**7.2 Geographic comparison

*Exhibit 23: Geographic comparison

**7.3 North America - Market size and forecast 2020-2025

*Exhibit 24: North America - Market size and forecast 2020-2025 ($ million)

*Exhibit 25: North America - Year-over-year growth 2020-2025 (%)

**7.4 Europe - Market size and forecast 2020-2025

*Exhibit 26: Europe - Market size and forecast 2020-2025 ($ million)

*Exhibit 27: Europe - Year-over-year growth 2020-2025 (%)

**7.5 Asia - Market size and forecast 2020-2025

*Exhibit 28: Asia - Market size and forecast 2020-2025 ($ million)

*Exhibit 29: Asia - Year-over-year growth 2020-2025 (%)

**7.6 ROW - Market size and forecast 2020-2025

*Exhibit 30: ROW - Market size and forecast 2020-2025 ($ million)

*Exhibit 31: ROW - Year-over-year growth 2020-2025 (%)

**7.7 Key leading countries

*Exhibit 32: Key leading countries

**7.8 Market opportunity by geography

*Exhibit 33: Market opportunity by geography ($ million)

***8. Drivers, Challenges, and Trends

**8.1 Market Drivers

*8.1.1 Increasing prevalence of ankle arthritis and associated risk factors

*8.1.2 Increasing number of TAR surgeries

*8.1.3 Technological advances and new product launches

**8.2 Market challenges

*8.2.1 High cost of TAR

*8.2.2 Limitations and complications associated with TAR

*8.2.3 Lack of skilled surgeons

*Exhibit 34: Impact of drivers and challenges

**8.3 Market trends

*8.3.1 Increasing preference for TAR over ankle fusion

*8.3.2 Increasing R&D of 3D printed ankle implants and surgical instruments

*8.3.3 Emergence of outpatient TAR as an alternative to inpatient TAR

***9. Vendor Landscape

**9.1 Vendor landscape

*Exhibit 35: Vendor landscape

**9.2 Landscape disruption

*Exhibit 36: Landscape disruption

*Exhibit 37: Industry risks

**9.3 Competitive scenario

***10. Vendor Analysis

**10.1 Vendors covered

*Exhibit 38: Vendors covered

**10.2 Market positioning of vendors

*Exhibit 39: Market positioning of vendors

**10.3 Amplitude Surgical SA

*Exhibit 40: Amplitude Surgical SA - Overview

*Exhibit 41: Amplitude Surgical SA - Product and service

*Exhibit 42: Amplitude Surgical SA - Key offerings

**10.4 Corin Group Plc

*Exhibit 43: Corin Group Plc - Overview

*Exhibit 44: Corin Group Plc - Product and service

*Exhibit 45: Corin Group Plc - Key news

*Exhibit 46: Corin Group Plc - Key offerings

**10.5 Exactech Inc.

*Exhibit 47: Exactech Inc. - Overview

*Exhibit 48: Exactech Inc. - Product and service

*Exhibit 49: Exactech Inc. – Key news

*Exhibit 50: Exactech Inc. - Key offerings

**10.6 Integra LifeSciences Holdings Corp.

*Exhibit 51: Integra LifeSciences Holdings Corp. - Overview

*Exhibit 52: Integra LifeSciences Holdings Corp. - Business segments

*Exhibit 53: Integra LifeSciences Holdings Corp. - Key offerings

*Exhibit 54: Integra LifeSciences Holdings Corp. - Segment focus

**10.7 Johnson and Johnson Inc.

*Exhibit 55: Johnson and Johnson Inc. - Overview

*Exhibit 56: Johnson and Johnson Inc. - Business segments

*Exhibit 57: Johnson and Johnson Inc. - Key offerings

*Exhibit 58: Johnson and Johnson Inc. - Segment focus

**10.8 MatOrtho Ltd.

*Exhibit 59: MatOrtho Ltd. - Overview

*Exhibit 60: MatOrtho Ltd. - Product and service

*Exhibit 61: MatOrtho Ltd. - Key offerings

**10.9 Smith and Nephew plc

*Exhibit 62: Smith and Nephew plc - Overview

*Exhibit 63: Smith and Nephew plc - Business segments

*Exhibit 64: Smith and Nephew plc – Key news

*Exhibit 65: Smith and Nephew plc - Key offerings

*Exhibit 66: Smith and Nephew plc - Segment focus

**10.10 Stryker Corp.

*Exhibit 67: Stryker Corp. - Overview

*Exhibit 68: Stryker Corp. - Business segments

*Exhibit 69: Stryker Corp. - Key offerings

*Exhibit 70: Stryker Corp. - Segment focus

**10.11 Wright Medical Group NV

*Exhibit 71: Wright Medical Group NV - Overview

*Exhibit 72: Wright Medical Group NV - Business segments

*Exhibit 73: Wright Medical Group NV - Key offerings

*Exhibit 74: Wright Medical Group NV - Segment focus

**10.12 Zimmer Biomet Holdings Inc.

*Exhibit 75: Zimmer Biomet Holdings Inc. - Overview

*Exhibit 76: Zimmer Biomet Holdings Inc. - Business segments

*Exhibit 77: Zimmer Biomet Holdings Inc. - Key offerings

*Exhibit 78: Zimmer Biomet Holdings Inc. - Segment focus

***11. Appendix

**11.1 Scope of the report

*11.1.1 Market definition

*11.1.2 Objectives

*11.1.3 Notes and caveats

**11.2 Currency conversion rates for US$

*Exhibit 79: Currency conversion rates for US$

**11.3 Research Methodology

*Exhibit 80: Research Methodology

*Exhibit 81: Validation techniques employed for market sizing

*Exhibit 82: Information sources

**11.4 List of abbreviations

*Exhibit 83: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

Purchase Report

PURCHASE FULL REPORT OF

ankle replacement (arthroplasty) market

Buy Report - Single User License 2500 USD

QUICK BUY

Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

Why should you prefer Technavio's market insights report?

Off-the-shelf research reports
Reports can be tailored to meet the customer's needs
Trusted by more than 100 fortune 500 organizations
Information about the market's key drivers, trends, and challenges
Parent market analysis
Every week, 50,000 people visit our subscription platform
Detailed vendors report with competitive landscape
Covid-19 impact and recovery analysis
Data on revenue-generating market segments
Details on the market shares of various regions
Five-force market analysis