Market Size of Global Total Ankle Replacement Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 6.30 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Total Ankle Replacement Market Analysis
The Total Ankle Replacement Market is expected to witness a CAGR of 6.3% during the forecast period.
The COVID-19 pandemic has severely impacted the market growth as it had led to the cancelation or postponement of the scheduled treatment procedures along with a decreased number of new diagnoses and treatment procedures. Similarly, according to the National Joint Registry 18th Annual Report 2021, published in January 2021, titled 'The COVID-19 induced joint replacement deficit in England, Wales, and Northern Ireland', there was a significant deficit in the provision of joint replacement with 106,922 (48.8%) fewer procedures performed in 2020 as compared to 2019. In addition, (52%) fewer knee replacement procedures were performed in 2020, followed by 533 (53%) fewer ankle replacements. As per the same source, Wales and Northern Ireland were disproportionately impacted with an overall reduction of 8,001 (67%) and 2,833 (64%) joint replacement procedures, respectively. Thus, the fewer number of joint replacement procedures performed in England, Wales, and Northern Ireland has impacted the quality of life of patients suffering from various joint-related disorders and chronic pain. Also, according to the article published in the National Library of Medicine in November 2020, titled 'The Effect of COVID-19 on Orthopedic Practices and Surgeons in Louisiana', it was concluded from 99 survey responses that 81 of 97 responded reported delays in getting routine care for their orthopedic injuries. Hence, COVID-19 has had a significant impact on the studied market growth during the pandemic.
Certain factors that are propelling the market growth are the rising geriatric population and the growing prevalence of osteoarthritis and rheumatoid arthritis.
The increasing aging population is expected to increase the market growth as they are more prone to develop joint-related disorders due to decreasing bone density. For instance, according to an article published by the Journal of Family Medicine and Primary Care, in January 2021, titled 'Prevalence of knee osteoarthritis, its determinants, and impact on the quality of life in elderly persons in rural Ballabgarh, Haryana', it has been observed that 64.3% of the elder population is suffering from knee osteoarthritis and the elderly patients with knee osteoarthritis have considerably poorer quality-of-life. Thus, the increasing burden of knee osteoarthritis among the population is expected to increase the occurrence of pain inside and outside of the ankle. This condition is expected to increase the demand for ankle replacement due to chronic ankle pain, thereby propelling market growth.
Additionally, according to an article published by the Oxford Journals of rheumatology, in January 2021, titled 'Ankle arthritis - an important signpost in rheumatologic practice, it has been observed that 15% of people worldwide suffer from symptomatic osteoarthritis of any joint, 6% to 10% from symptomatic knee osteoarthritis and just 1-4.4% from symptomatic ankle osteoarthritis. Also, as per the study published by the Sage Journal of Cartilage, in December 2021, titled 'Health-Related Quality of Life in Ankle Osteoarthritis: A Case-Control Study, it has been observed that the prevalence of ankle osteoarthritis in professional foot players was between 9% - 19% and in rugby player was 4.6%. In addition, as per the same source, 70%-78% of the ankle osteoarthritis cases were post-traumatic effects in younger patients with a longer projected life span unlike hip and knee osteoarthritis and 22% were due to secondary causes such as rheumatoid arthritis (5%-12%), hemophiliac (1%-2%), septic (1%-2%), congenital (2%), and others. Patients with ankle osteoarthritis have a poor physical and mental quality of life. Thus, the increasing burden of ankle osteoarthritis among the population is expected to increase the demand for ankle replacements that reduce ankle pain, increase joint stability, and improve overall mobility which is expected to propel the market growth over the forecast period.
Furthermore, the rising company's focus on developing advanced technology and rising product approvals is also contributing to the market growth. For instance, in December 2020, Exactech a developer and producer of innovative implants, instrumentation, and smart technologies for joint replacement surgery, performed the first ankle replacement procedure using Vantage Ankle PSI patient-specific surgical planning and 3D-printed instruments. Also, in February 2020, the United States Food and Drug Administration approved In2Bones Global's Quantum Total Ankle for commercialization. The new total ankle replacement system treats patients who suffer from arthritis and is designed to improve patient mobility, increase stability, and technologically advance implant placement based on patient-specific anatomy.
However, the risks associated with total ankle replacement surgery are likely to impede the market growth over the forecast period.
