by Ankle fusion nails are medical devices that are used to surgically fuse bones in the ankle joint. Ankle fusion nails allow broken bones to heal properly by holding them securely in place and preventing motion at the fusion site. With rising incidences of ankle fractures owing to injuries from falls and sports, the demand for ankle fusion nails is increasing globally. Ankle fusion is a surgical procedure commonly done for end-stage ankle arthritis or severe ankle deformities when conservative treatments have failed to provide relief from pain. Ankle fusion nails help to stabilize the ankle joint and promote bony fusion between the tibia and talus or talus and calcaneus bones. They eliminate pain by fusing the ankle joint and restoring normal ankle function.
The global Ankle Fusion Nail Market was valued at US$ 630.5 Mn in 2023 and is expected to exhibit a CAGR of 8.9% over the forecast period 2023-2030, as highlighted in a new report published by CoherentMI.
Market Key Trends: One of the key trends in the ankle fusion nail market is the growing adoption of advanced bioabsorbable ankle fusion nail systems. Major players are focusing on developing bioabsorbable ankle fusion nails made from materials such as polylactic acid (PLA) and polyglycolic acid (PGA) that dissolves gradually in the body after promoting bone fusion. For instance, in 2018, Acumed launched the Fusion Nail with resorbable polymer technology for ankle fusion procedures. The absorbable polymer component of this system is designed to provide strength and stability to support fusion, and breaks down predictably after bone healing is complete, eliminating need for future hardware removal surgery. Other innovators are developing 3D printed, patient-specific bioabsorbable ankle fusion nails tailored for individual anatomy which can improve surgical accuracy and clinical outcomes. Such technological advancements are expected to support the market growth during the forecast period.
Global Ankle Fusion Nail Market Segmentation
- By Product Type
- Uniplanar Nails
- Multiplanar Nails
- Others
- By Material
- Stainless Steel
- Titanium
- Others
- By End User
- Hospitals
- Ambulatory Surgery Centers
- Orthopedic Clinics
- Others
- By Indication
- Osteoarthritis
- Rheumatoid Arthritis
- Post-traumatic Arthritis
- Others
- By Fixation Type
- Tibiotalocalcaneal Fusion
- Pantalar Fusion
- Tibiotalar Fusion
- Others
- By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Porter’s Analysis
Threat of New Entrants: The threat of new entrants is moderate due to the need for financial investment in research and development to bring innovative products to the market. The established players have stronghold over distribution channels and brand recognition which acts as a barrier for new entrants.
Bargaining Power of Buyers: The bargaining power of buyers is high as there are numerous established players offering ankle fusion nail products. This gives buyers the option to negotiate on price and quality.
Bargaining Power of Suppliers: The bargaining power of suppliers is moderate due to availability of substitute raw materials and components. However, suppliers have less influence on prices due to presence of various options.
Threat of New Substitutes: The threat of new substitutes is low as ankle fusion nail is a specialized product used in surgical fixation of ankle joints.
Competitive Rivalry: The competitive rivalry in the market is high due to established global market leaders differentiating products on technology, design and performance.
Key Takeaways
The global Ankle Fusion Nail Market Size is expected to witness high growth. North America region currently dominates the market supported by advanced healthcare infrastructure and rising number of ankle fusion surgeries in the region.
Europe Ankle Fusion Nail market is expected to grow at a steady pace owing to increasing focus on effective treatment of ankle injuries. The rising adoption of minimally invasive surgeries and technological advancements will boost the regional demand.
Key Players operating in the Ankle Fusion Nail market are Acumed LLC, Arthrex Inc., Stryker Corporation, Smith & Nephew plc, Wright Medical Group N.V., Zimmer Biomet Holdings Inc., Integra LifeSciences, and Orthofix Medical Inc. Stryker Corporation commands major market share due to strong brand presence worldwide. The players are expanding their product portfolio through new launches and acquisition strategies to strengthen market position.
Reasons to Purchase Ankle Fusion Nail Market Report:
1. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
2. Develop/modify business expansion plans by using substantial growth offerings in developed and emerging markets.
3. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Ankle Fusion Nail Market.
FAQ’s
Q.1 What will the market development pace of the Ankle Fusion Nail Market?
Q.2 What are the sales, revenue, and price analysis of the top players of the Ankle Fusion Nail Market?
Q.3 What are the market opportunities and threats faced by the vendors in the Ankle Fusion Nail Market?
*Note:
1. Source: CoherentMI, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
