Feb 18, 2021, 04:28 EST
Shibuya-ku, Tokyo, Japan, Japan, Feb 18, 2021, 04:28 /Comserve / -- The report offers overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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, With the aging of the US population, the prevalence of doctor-diagnosed arthritis is expected to increase and by the year 2040, an estimated 78.4 million (25.9% of the projected total adult population) adults aged 18 years and older will have doctor-diagnosed 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 the total ankle replacement surgeries.
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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. It 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. Furthermore, TAR has evolved to become a valuable gold standard treatment option for patients with end-stage ankle osteoarthritis, which generally affects ageing population. Hence, owing to the higher preference of these device and rapidly ageing population the market is expected to witness rapid growth in the forecast period.
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. However, 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 Johnson & Johnson, Integra LifeSciences Corporation, Stryker Corporation, Wright Medical Group Inc., MatOrtho, Zimmer Biomet, Exactech Inc and Corin Group.
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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
5.2.1 North America
220.127.116.11 United States
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
126.96.36.199 South Korea
188.8.131.52 Rest of Asia-Pacific
5.2.4 Middle-East & Africa
184.108.40.206 South Africa
220.127.116.11 Rest of Middle East & Africa
18.104.22.168 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Johnson & Johnson
6.1.2 Integra LifeSciences Corporation
6.1.3 Stryker Corporation
6.1.4 Wright Medical Group Inc.
6.1.6 Zimmer Biomet
6.1.7 Exactech, Inc.
6.1.8 Corin Group
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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