Global Ankle Fusion Nail Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Global Ankle Fusion Nail Market is Segmented By Product Type (Uniplanar Nails, Multiplanar Nails, and Others), By Material (Stainless Steel, Titanium,....

Global Ankle Fusion Nail Market Trends

  • Increasing Adoption of External Fixation Devices: The growing use of external fixation devices for ankle arthrodesis is a key trend influencing market outlook. They offer advantages like earlier weight bearing, compression across joint, and no need for implant removal. Ring fixation systems are gaining popularity owing to the adjustable fixation capabilities and minimal hardware profile. Developing lighter radiolucent frames using advanced materials also boosts their adoption for complex cases.
  • Rising Demand for Customized Patient-specific Implants: The demand for patient-matched 3D printed ankle fusion nails tailored to individual anatomy is rising supported by personalized healthcare trends. Custom nails prevent malpositioning and preserve bone stock during surgery. Companies like Stryker, Zimmer Biomet and Wright Medical provide patient-specific additive manufactured implants, bolstering the market growth. Surgeons are increasingly preferring customized nails for better anatomical fit and outcomes.
  • Growing Popularity of Ankle Arthroplasty Procedures: The growing popularity of total ankle replacement procedures especially in younger patients is a crucial trend affecting market outlook. Technological enhancements have expanded the eligibility criteria for arthroplasty. The higher motion retention and avoidance of adjacent joint arthritis are increasing its preference over fusion. Market players are diversifying their portfolio by entering the TAA space to capitalize on this trend and compensate for slowing fusion nail sales.
  • Increasing Number of Ambulatory Surgery Centers: The rising number of ASCs globally performing outpatient orthopedic procedures is creating opportunities for ankle fusion device manufacturers. Low cost care and greater convenience boosts ASC adoption. Market players are entering partnerships with ASCs to provide implants, instrument sets and on-site support during surgeries. The surging volume of ankle fusions at ASCs compared to hospitals is a significant trend bolstering market prospects.

Ankle Fusion Nail Market Regional Insights

  • North America is expected to be the largest market for ankle fusion nail during the forecast period, accounting for over 45.1% of the market share in 2023. The growth of the market in North America is attributed to the high incidence of ankle arthritis, the rising geriatric population, and the presence of major market players in the region.
  • Europe is expected to be the second-largest market for ankle fusion nail, accounting for over 25% of the market share in 2023. The growth of the market in Europe is attributed to the favorable reimbursement policies and advanced healthcare infrastructure in the region.
  • Asia Pacific is expected to be the fastest-growing market for Ankle Fusion nail, with a CAGR of over 16% during the forecast period. The growth of the market in Asia Pacific is attributed to the improving healthcare expenditure and increasing awareness about ankle fusion procedures in the region.

Figure 1. Global Ankle Fusion Nail Market Share (%), by Region, 2023