Ankle Fusion Plates Market Anticipated to Register an Impressive Growth Through 2027
The
rising geriatric population who are more susceptible to bone fractures along
with the introduction of infusion plates made from biomaterial are driving the
growth of the global ankle fusion plates market in the upcoming five years.
According
to TechSci report on, “Ankle Fusion Plates
Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,
2017-2027”, the global ankle fusion plates market is
expected to register significant growth during the forecast period of 2023-2027.
The market growth can be attributed to the rising prevalence of ankle injuries.
This can be accredited to the growing number of the elderly population who are
more prone to injuries related to bone. With growing age, bones lose their
density and become more fragile. Additionally, ankle injuries are also very
common among infants, as it is that stage of life, a minor misstep or fall may
result in breakage of the bone. Furthermore, the people who engage in
high-impact sports such as basketball, gymnastics, tennis, and football are
more susceptible to ankle twisting injuries and ankle fractures. In line with
this, improper training techniques and use of faulty equipment can also cause
ankle injuries. This, in turn, is adding to the number of people undergoing
ankle fusion surgeries, hence propelling the demand for ankle fusion plates.
Moreover, the growing deficiency of calcium and vitamin D among people is
acting as another growth-inducing factor for the global ankle fusion plates
market. Having too little calcium and osteopenia can also lead to osteoporosis,
which makes the bones thin and more vulnerable to fracture. Apart from this,
the rising number of road accidents across the globe is also resulting in ankle
fractures and injuries. For instance, according to a report by WHO, road
accidents are one of the primary reasons of crash killing more than 1.25
million people and severely injuring approximately 50 million people a year.
Due to this, the number of people opting for arthrodesis has proliferated over
the time. All the aforementioned factors are expected to contribute to the
overall growth of the global ankle fusion plate market.
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The global ankle fusion plates market is
segmented by fracture site, fracture pattern, end user, competitive landscape,
and regional distribution. Based on fracture site, the market is differentiated
between distal tibia and fibula. The distal tibia site held a significant share
in 2021, and is expected to hold a prominent share in the coming years as well.
Tibia is much thicker than the fibula and is the main weight-bearing bone of
the two. Fibula acts as a support to the tibia and helps stabilize the ankle
but doesn’t carry much weight. Tibia fracture is most common in the children
and geriatric population as their bone density is low and bones are more
fragile in those stages of life. As a result, tibia fracture is more common
than fibula fracture. Moreover, with tibia facture the patient is not able to
walk and stand properly due to the pian and swelling in the lower leg, which is
less likely to happen in the fibula fracture.
Based on the end user, the market is
segmented into hospitals & clinics, ambulatory care centers and others.
Among these, the hospitals & clinics are anticipated to hold a considerable
market share. This is primarily because hospitals usually have fully developed
infrastructure with technologically advanced medical devices and equipment required
to carry out ankle fusion surgery. Moreover, hospitals and clinics offer better
care after the surgery due to the presence of highly skilled professionals and
nursing staff. In line with this, the rising focus on upgrading the healthcare
infrastructure is expected to fuel this segment of the global ankle fusion
plates market.
A list of major
market players of the global ankle fusion plates market includes:
- Arthrex, Inc.
- Stryker Corporation
- Johnson & Johnson
- Enovis Corporation
- Paragon 28, Inc.
- Zimmer Biomet Holdings, Inc.
- Leith Medical, Inc.
- Acumed, LLC
- Wright Medical Group N.V.
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“The
introduction of biomaterial fusion plates is creating a positive impact to the
global ankle fusion plates market. Existing techniques and use of
non-biomaterial fusion plates have created complications related to stability,
fusion rate, and soft tissue. Moreover, such fusion plates also lead to
inflammation or swelling inside the ankle over time as they do not get absorbed
properly by the body. This, along with the easy affordability of fusion plates
made from biomaterials, is providing robust growth to the market. Additionally,
the adoption of advanced orthopedic devices and the growing investments by the
leading market players in developing advanced musculoskeletal reinforcement
devices are supporting the market growth.” said Mr. Karan Chechi, Research
Director, TechSci Research, a research based global management consulting firm.
“Ankle Fusion Plates Market – Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Fracture Site
(Distal Tibia v/s Fibula), By Fracture Pattern (Medial, Lateral, Posterior
Malleoli, Others), By End User (Hospitals & Clinics, Ambulatory Care
Centers, Others) and By Region” has evaluated the future growth potential of Global
ankle fusion plates market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in United Kingdom
stent market.
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