May 25, 2024
Global Ankle Fusion Nail

The Global Ankle Fusion Nail Market Is Trending Due To Rising Popularity Of Minimally Invasive Surgeries

The global ankle fusion nail market deals with surgical nails which are used to fuse two pieces of bone together. Ankle fusion nails provide rigid fixation for ankle arthrodesis to reduce pain through bony fusion of the ankle joint. They offer advantages like stable and rigid fixation, early postoperative mobility, and fewer complications compared to plate fixation. The growing geriatric population suffering from osteoarthritis and post-traumatic arthritis is fuelling the demand for ankle fusion procedures.

The Global Ankle Fusion Nail Market Size Is Estimated To Be Valued At US$ 630.5 Mn In 2024 And Is Expected To Exhibit A CAGR Of 8.9% Over The Forecast Period 2024-2031.

Key Takeaways:

Key players operating in the global 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. Key players are focusing on new product launches and geographic expansion to strengthen their market position.

The growing geriatric population suffering from ankle disorders like osteoarthritis is driving the demand for ankle fusion procedures. According to the United Nations, the population aged 60 years and above is expected to reach 2.1 billion by 2050 from 1 billion in 2019. The rising incidence of ankle injuries from accidents and sports is another factor boosting the ankle fusion nail market.

Major players are expanding their presence in emerging markets like Asia Pacific and Latin America. The availability of low-cost treatment options and developing healthcare infrastructure in these regions are creating high growth opportunities. Furthermore, growing medical tourism for ankle fusion surgeries will support the market expansion.

Market Key Trends:

One of the key trends in the ankle fusion nail market is the rising adoption of minimally invasive techniques. Minimal incision ankle fusion using intramedullary nails allows for faster recovery, less pain, and lower risk of complications compared to traditional open procedures. This technique preserves soft tissues and ligaments to restore normal ankle function. Leading manufacturers are developing novel fusion nails designed specifically for minimally invasive insertion using small incisions. The popularity of MIS techniques is expected to accelerate the adoption of ankle fusion nails over the forecast period.

Porter’s Analysis:

Threat of New Entrants: High setup/regulatory costs and economies of scale make entry difficult.

Bargaining Power of Buyers: Buyers have low bargaining power due to limited availability of substitutes.

Bargaining Power of Suppliers: Suppliers have moderate bargaining power with major players having alternatives.

Threat of New Substitutes:
Moderate threat as arthroscopic techniques gaining popularity but nail remains standard for unstable fractures.

Competitive Rivalry: High as major players compete on innovation, design and customer support.

Geographical Regions:

North America accounts for the largest share, valued at over US$ 250 Mn in 2024 due to advanced healthcare and insurance coverage driving procedures.

Asia Pacific expected to witness the fastest growth exceeding 9% CAGR owing to improving access and awareness, lifestyle changes increasing incidence of ankle injuries in India and China.

Geographical Regions:

North America has the largest ankle fusion nail market share currently worth around US$200 million annually owing to favourable reimbursements and accessibility of care.

Asia Pacific market is expected showcase fastest growth at a CAGR crossing 10% through the forecast period on back of economic development, rising medical tourism and greater patient awareness in high population nations like India and China.

What are the key data covered in this Global Ankle Fusion Nail Market report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the Global Ankle Fusion Nail Market’s growth between 2024 and 2031.

:- Accurate calculation of the size of the Global Ankle Fusion Nail Market and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behavior

:- Global Ankle Fusion Nail Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of Global Ankle Fusion Nail Market vendors

FAQ’s

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Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Global Ankle Fusion Nail Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Global Ankle Fusion Nail Market distributors, traders, and dealers?
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*Note:
1.       Source: CoherentMI, Public sources, Desk research
2.       We have leveraged AI tools to mine information and compile it