Ankle Syndesmosis Treatment Devices Market
Global Market Study on Ankle Syndesmosis Treatment Devices: Rising Popularity of Biodegradable Implants Creating New Growth Avenues
Ankle Syndesmosis Treatment Devices Market Segmented By Syndesmosis Repair System, Foot and Ankle Devices, Ankle Syndesmosis Fixation Method, Ankle syndesmosis Repair, Trauma Devices, Foot and Ankle Orthopedic Devices
Incidence of sports injuries has increased drastically over the past few years, which has created a favorable environment for the ankle syndesmosis treatment devices market. A study carried out by the American Academy of Orthopedic Surgeons (AAOS) in 2018 revealed that, around 25% of sports injuries were related to lower extremities such as the ankle and foot.
Serious bone injuries have been reported among professionals as well as amateur sportspersons. According to a study conducted by the School of Public Health, Physiotherapy and Population Science, University College Dublin, ankle sprain is one of the most common musculoskeletal injuries.
Nearly 116 studies revealed that, the incidence of ankle sprain was higher among women than in men. In the sports category, ankle sprain incidence was higher in indoor/court sports.
According to data published by the European Association for Injury Prevention and Safety Promotion (EuroSafe) for 2013-2015, nearly 38 million injury patients were being treated every year in emergency departments, out of which 9.5% injuries were related to sports.
Increase in the number of accidents and bone disorders such as joint pain, instability in the joints, bone loss, and infection are anticipated to spur demand in the ankle syndesmosis treatment devices market during the forecast period.
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- Arthrex, Inc.
- Mortise Medical
- Smith & Nephew Plc.
- Wright Medical Group N.V.
- Zimmer Biomet Holdings, Inc.
- Exactech, Inc.
- Acumed LLC
- Inion Oy
- Mortise Medical
- Paragon 28, Inc.
Rising Popularity of Biodegradable Implants Creating New Growth Avenues
In orthopedics, the introduction of biodegradable implants made of magnesium and hydroxyapatite has revolutionized ankle syndesmosis treatment. These biodegradable implants do not need a second surgery for removal, and degrade automatically over a period of time. Furthermore, these ankle syndesmosis treatment devices prevent stress, providing appropriate strength for bone healing.
The use of biodegradable implants in fracture fixation is increasing, as new players in the ankle syndesmosis treatment devices market are commercializing these implants. According the National Center for Biotechnology Information, in the U.S., manufacturers have developed a number of copolymers, biodegradable polymers, and composites in order to substitute metal implants for internal fracture fixation.
Therefore, increase in the popularity of biodegradable implants for internal fracture fixation presents significant opportunities for the growth of the ankle syndesmosis treatment devices market.
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Suture Button Implants Transforming Management of Ankle Syndesmosis
Suture button fixation and screw fixation are two types of ankle syndesmosis treatment devices that can be used for stabilizing syndesmotic injuries.
Attributed to increasing positive outcomes and cost-effectiveness, surgeons are now aware of the advantages associated with suture button fixation. Arthrex Tight Rope is a suture button implant, implanted through a minimally-invasive procedure.
Furthermore, ankle syndesmosis treatment devices offer rapid return to weight-bearing, and eliminates the need for device removal. These factors are projected to increase the adoption of newer surgical techniques, thereby transforming surgical fixation of syndesmosis.
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An extensive analysis of the ankle syndesmosis treatment devices market has brought our analysts to a conclusion that, the market is growing at a significant pace. Currently, syndesmosis implant systems are the target segment for major players; hence, this segment dominates the global ankle syndesmosis treatment devices market by product type in terms of revenue.
North America and Europe collectively hold more than 70% of revenue share due to the high prevalence of sport injuries and fractures in these regions. Emerging countries such as Brazil, China, and India are expected to offer lucrative opportunities for the growth of the ankle syndesmosis treatment devices market, owing to rise in the awareness about implant materials among surgeons.
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Key Segments of Ankle Syndesmosis Treatment Devices Market
PMR’s study on the ankle syndesmosis treatment devices market offers information divided into four important segments-product, application, end user, and region. This report offers comprehensive data and information about the important market dynamics, and growth parameters associated with these categories.
Key Questions Answered in Report
- How much is the ankle syndesmosis treatment devices market worth?
The global ankle syndesmosis treatment market is expected to be worth US$ 150 Mn in the year 2021.
- What will be the demand outlook?
The global ankle syndesmosis treatment devices market is likely to witness a CAGR of 8.3% between 2021 and 2031.
- What was the last 5 year market CAGR?
The ankle syndesmosis treatment market recorded a CAGR of 7.2% between 2015 and 2020.
- What are the key trends of ankle syndesmosis treatment devices market?
The ongoing trend is that of biodegradable implants getting introduced. They are made from hydroxyapatite and magnesium. The basic advantage is that 2nd surgery is not required as automatic degradation happens.
- What is driving the demand for ankle syndesmosis treatment devices?
Growing incidences of sports-related surgeries are driving the demand for ankle syndesmosis treatment devices.
- What is the market share of top 5 players?
The top players hold more than 60% of the market share. They include Arthrex, Inc., Mortise Medical, Smith & Nephew Plc, Wright Medical Group NV, and Zimmer Biomet Holdings, Inc.
- What are the top 5 countries driving demand?
The top 5 countries driving demand include the US, UK, Russia, China, and Australia.
- What is North America’s market Outlook?
North America will continue to hold the largest market share in terms of revenue due to the US being the torchbearer.
- At what percentage ankle syndesmosis treatment devices market is going to register growth in Europe?
Europe is expected to register growth at the rate of 5% between 2021 and 2031.
- What is the key market statistics in Korea and Japan?
Japan and Korea are likely to pick up pace in the ankle syndesmosis treatment devices market with several sports events in store in the forecast period.