by Ankle fusion nail is a fixation device inserted into the medullary canal of the tibia and talus bone to aid in ankle fusion surgeries. It helps to stabilize the ankle joint during fusion of tibia and talus bones. Ankle fusion nail offers rigid fixation and allows early weight bearing post-surgery. The global ankle fusion nail market is primarily driven by the increasing prevalence of ankle fractures and osteoarthritis leading to the rise in the number of orthopaedic surgeries.
The Global Ankle Fusion Nail Market Size Is Estimated To Be Valued At US$ 630.5 Mn In 2024 And Is Expected To Exhibit A CAGR Of 8.9% Over The Forecast Period 2024-2031.
Key Takeaways
Key players operating in the global 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.
The ankle fusion nail market offers significant opportunities, mainly in the developing regions owing to growing awareness regarding ankle fusion procedures and increasing healthcare expenditure. The key manufacturers are focused on developing advanced ankle fusion nails with minimally invasive surgical techniques to gain a competitive edge in the market.
The global manufacturers are expanding their footprint in the high potential markets of Asia Pacific and Latin America to tap the growth opportunities. Growing medical tourism in these regions attracts patients from developed countries for ankle fusion surgeries at affordable costs.
Market Drivers
The rising number of ankle fractures due to road accidents and sports injuries has significantly driven the demand for ankle fusion surgeries. As per studies, the incidence of ankle fractures is growing at 2-3% annually. This expanding patient pool requires ankle fusion nail as a standard orthopaedic implant. Moreover, the growing obese population increasing the risk of ankle osteoarthritis has further propelled the market growth of ankle fusion nails over the forecast period.
Pest Analysis
Political: The government policies and regulations play an important role in the ankle fusion nail market. Regulations regarding new product approvals and classification of medical devices influence the market landscape.
Economic: Rising healthcare expenditure and increasing disposable incomes in developing countries are driving the demand for advanced ankle fusion procedures and devices. Availability of reimbursements for such surgeries also impacts the market.
Social: Growing geriatric population and rising incidence of ankle injuries from accidents or sports are boosting the need for ankle fusion treatments and implants. Growing health awareness is increasing the acceptance of surgical options.
Technological: Advancements in material science are allowing manufacturers to develop enhanced titanium and polymer-based intramedullary nails with improved fracture fixation abilities. Adoption of robotics and 3D printing in surgical planning and custom implants is gaining traction.
Geographical Region
Where the ankle fusion nail market in terms of value is most concentrated is North America. This is attributed to factors like well-developed healthcare infrastructure, rising number of ankle injuries, presence of major players, and availability of reimbursements in the region.
Asia Pacific is expected to be the fastest growing regional market for ankle fusion nails during the forecast period. This can be credited to rapid economic development, increasing healthcare spending, growing medical tourism, and rising prevalence of orthopedic disorders in developing countries of the region.
What are the key data covered in this Global Ankle Fusion Market report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Global Ankle Fusion Nail growth between 2024 and 2031.
:- Accurate calculation of the size of the Global Ankle Fusion Nail market and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behavior
:-Global Ankle Fusion Nail Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Global Ankle Fusion Nail Market vendors
FAQ’s
Q.1 What are the main factors influencing the Global Ankle Fusion Nail Market?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Global Ankle Fusion Nail Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Global Ankle Fusion Nail Market distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
1. Source: CoherentMI, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
