Global Ankle Fusion Nail Market is Segmented By Product Type (Uniplanar Nails, Multiplanar Nails, and Others), By Material (Stainless Steel, Titanium,....
Market Size in USD Mn
CAGR8.9%
Study Period | 2023 - 2030 |
Base Year of Estimation | 2022 |
CAGR | 8.9% |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | High |
Major Players | Acumed LLC, Arthrex Inc., Stryker Corporation, Smith & Nephew plc, Wright Medical Group N.V. and Among Others. |
The ankle fusion nail market size is expected to reach US$ 1,145.2 million by 2030, from US$ 630.5 million in 2023, at a CAGR of 8.9% during the forecast period. Ankle fusion nails are specialized implants used to fuse bones in the ankle joint to relieve chronic pain and improve stability. The surgery helps patients with severe ankle arthritis by eliminating motion and fusing the joint. Ankle fusion nails offer advantages like minimal soft tissue dissection, shorter operating time, and lower rates of nonunion. The rising cases of ankle arthritis and increasing road accidents are the key drivers for the market growth.
The ankle fusion nail market is segmented by product type, material, end-user, indication, fixation type, and region. By product type, the uniplanar nails segment accounts for the largest share of the market. Uniplanar nails provide compression across the tibiotalar joint and are commonly used for ankle arthrodesis procedures. Their simple design and ease of use are driving their adoption.
Ankle Fusion Nail Market Drivers
Ankle Fusion Nail Market Opportunities
Ankle Fusion Nail Market Restraint
Ankle Fusion Nail Market Regional Insights
Figure 1. Global Ankle Fusion Nail Market Share (%), by Region, 2023
Acumed LLC, Arthrex Inc., Stryker Corporation, Smith & Nephew plc, Wright Medical Group N.V., Zimmer Biomet Holdings Inc., Integra LifeSciences, and Orthofix Medical Inc.
Global Ankle Fusion Nail Market
New product launches
Acquisition and partnerships
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What are the key factors hampering the growth of the ankle fusion nail market?
The high cost of the procedure, complications like nonunion and infections, limited awareness in developing regions, and availability of alternative treatments like ankle replacement are some key factors hampering the growth of the ankle fusion nail market.
What are the major factors driving the ankle fusion nail market growth?
Rising cases of ankle arthritis, increasing road accidents and sports injuries, growing geriatric population, advancements in ankle fusion nail designs, and rising demand for minimally invasive surgeries are the major factors driving the growth of the ankle fusion nail market.
Which is the leading product type segment in the ankle fusion nail market?
By product type, the uniplanar nails segment leads the ankle fusion nail market owing to its simple design, ease of use, and ability to provide compression across the ankle joint.
Which are the major players operating in the ankle fusion nail market?
Some of the major 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.
Which region will lead the ankle fusion nail market?
North America is expected to continue leading the ankle fusion nail market in terms of revenue share owing to high incidence of target diseases, developed healthcare infrastructure, and presence of key market players in the region.
What will be the CAGR of ankle fusion nail market?
The ankle fusion nail market is expected to grow at a CAGR of 8.9% during the forecast period 2023-2030.