Ankle Fusion Plates Market is expected to grow at a CAGR of 5.21% through 2031
The rising geriatric population, which is more susceptible to bone fractures, along with the introduction of infusion plates made of biomaterials, are driving the growth of the global ankle fusion plates market over the next five years.
According to TechSci report on “Ankle Fusion Plates Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2021-2031”, the Global Ankle Fusion Plates Market will grow from USD 208.77 Million in 2025 to USD 283.15 Million by 2031 at a 5.21% CAGR. Market growth can be attributed to the increasing prevalence of ankle injuries.
This can be attributed to the growing elderly population, who are more prone to bone-related injuries. With growing age, bones lose their
density and become more fragile. Additionally, ankle injuries are also very common among infants, as it is at that stage of life, a minor misstep or fall may result in a fracture.
Furthermore, individuals who engage in high-impact sports such as basketball, gymnastics, tennis, and football are at increased risk of ankle twisting injuries and fractures. In line with
this, improper training techniques and use of faulty equipment can also cause
ankle injuries. This, in turn, is increasing the number of people undergoing ankle fusion surgeries, thereby increasing demand for ankle fusion plates.
Moreover, the growing deficiency of calcium and vitamin D among people is serving as another growth driver for the global ankle fusion plates
market. Insufficient calcium intake and osteopenia can also lead to osteoporosis, which makes bones thin and more susceptible to fracture. In addition, the rising number of road accidents worldwide is resulting in ankle fractures and other injuries. For instance, according to a report by the WHO, road accidents are one of the primary causes of crashes, killing more than 1.25 million people and severely injuring approximately 50 million people a year. As a result, the number of people opting for arthrodesis has increased over 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 the fracture site, the market is differentiated between fractures of the distal tibia and the fibula. The distal tibia site accounted for a significant share in 2021 and is expected to maintain a prominent share in the coming years.
Tibia is much thicker than the fibula and is the main weight-bearing bone of
the two. The fibula acts as a support to the tibia and helps stabilise the ankle, but doesn’t carry much weight. Tibia fractures are most common in children and older adults, as bone density is low and bones are more fragile at these stages of life. As a result, tibia fractures are more common than fibula fractures. Moreover, with a tibia fracture, the patient is not able to walk and stand properly due to pain and swelling in the lower leg, which is less likely to happen in a 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 provide better postoperative care due to the presence of highly skilled professionals and
nursing staff. In line with this, the increasing focus on upgrading healthcare infrastructure is expected to drive growth in this segment of the global ankle fusion
plates market.
A list of major
market players of the global ankle fusion plates market includes:
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.
- Johnson & Johnson
- Arthrex, Inc.
- Medline Industries, Inc.
- Paragon 28, Inc.
- Exactech, Inc.
- CONMED Corporation
- Acumed LLC
- Double Medical Technology Inc.
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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 the use of
non-biomaterial fusion plates have led to complications related to stability, fusion rate, and soft-tissue complications. Moreover, such fusion plates can lead to inflammation or swelling within the ankle over time because the body does not properly absorb them. This, along with the relatively low cost of biomaterial-based fusion plates, is driving robust growth in the market. Additionally, the adoption of advanced orthopaedic 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, 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 2021-2031F” 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 aims to provide cutting-edge market intelligence and help decision-makers make 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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