The North American foot & ankle replacement devices market is mainly driven by aging population and increasing prevalence of rheumatoid and osteoarthritis.
The report North American Foot & Ankle Replacement Devices Market Forecast, 2012-2018, analyzes the market in terms of orthopedic implants & devices, prosthetics, and braces and support. The segmentation of the market experienced a positive growth till 2012 with an increased awareness for procedures and sophisticated diagnostic techniques. This market has been witnessing the maximum growth because of increasing incidence of accident and trauma patients, increase in patient pool and procedure numbers of osteoarthritis and rheumatoid arthritis.
Foot & ankle extremity is one of the largest market segments within the category of extremities. The area includes all the musculature beginning from the ankle joint or the tibiofibular-talus joint and also includes muscles, ligaments and tendons associated with the fore, mid and hind foot region. The foot & ankle devices market includes all orthopedic devices used in the ligament repair and reconstruction procedures, internal fixation (ORIF), joint replacement, arthrodesis or fusion. Sub-talar and phalangeal joint implants such as Pro-Toe by Wright Medical and Nextra by Nextremity Solutions are also observing strong growth due to rise of joint conditions such as hammer-toes, bunions, hyper-pronated feet and stabilization of the sub-talar joint, and others. The report estimates the market for internal fixation devices such as fixation plates, screws, fusion nails and wires & pins. It also estimates the market for total joint implant for the ankle and other minor joint areas. The total ankle joint replacement procedures are valued 5,000 annually in the United States alone. Around 40% of fractures require surgical intervention by placing a permanent support to the bone and advances in implant device design such as ankle replacement have made surgery a feasible option for many people.
The foot & ankle market also includes two other segments such as the prosthetics and bracing devices market. The prosthetics has gained a significant amount of traction since the introduction of technologically advanced devices and materials such as the carbon fiber, microprocessor controlled, and hydraulic controlled prosthetic feet. Bracing segment consists of a large range of devices utilized for supporting ankle joint to provide stability and comfort during movement. The devices are available for minor strains and twists along with heavy duty braces for post-operative recuperation.
The main drivers for the foot-ankle devices market are the rise in sports injuries which commonly involve serious ankle injuries, increasing incidences of road accidents and rise in rate of diabetes which leads to the deterioration of foot-ankle area with large sores, infections due to poor blood circulation. Aging population is also a considerable driver for these markets since aging population shows considerable decrease in bone strength, fracture incidence, non-union of fractures etc. It is estimated that the foot-ankle extremity market will grow substantially in the coming decade with advances in technology such as microprocessor based joints, greater battery life and additional shock absorption.
The key players in the foot-ankle devices market are Wright Medical (U.S.), De Puy Synthes (U.S.), Arthrex(U.S.), Integra (U.S.), Tornier (U.S.), Stryker (U.S.), Smith & Nephew (U.K.), Acumed (U.S.), Vilex (U.S.), Zimmer Holdings (U.S.), Biomet (U.S.), BioPro (U.S.), and also a large number of niche players such as Orthofix (U.S.), OrthoHelix (U.S.), Small Bone Innovations (U.S.), and Mondeal (U.K.)
Along with the market data, you can also customize MMM assessments that meet your company’s specific needs. Customize to get comprehensive industry standard and deep-dive analysis of the following parameters:
- Usage pattern (in-depth trend analysis) of products (segment-wise)
- Product matrix which gives a detailed comparison of product portfolio of each company mapped at country and sub-segment level
- End-user adoption rate analysis of the products (segment and country wise)
- Comprehensive coverage of product approvals, pipeline products, and product recalls
- Country-specific prevalence and patient pool of foot & ankle osteoarthritis (OA) and ankle rheumatoid arthritis (RA)
- Disease progression (pattern analysis)
Procedure Volume Data
- Bilateral and Unilateral foot & ankle procedures performed annually in each country tracked till sub-segment level
- Number of procedures performed in each country
Surgeon’s/Physician’s Perception Analysis
- Fast turn-around analysis of surgeons response to market events and trends
- Pattern analysis of usage of bone cements (antibiotic and non-antibiotic) by physicians
- Surgeon’s opinion about products from different companies
- Surgeon’s qualitative inputs on epidemiology data
Brand/Product Perception Matrix
- Comprehensive study of customer’s perception and behavior through our inbuilt social connect tool checking the virality and tonality of blogs
- Analysis of overall brand usage and familiarity and brand advocacy distribution (detractor/neutral/familiar)
Alternative Products: Impact analysis
MMM’s Healthcare Decision Making Quadrant It is an innovative and useful quadrant for vendors who wish to analyze the potential growth markets based on parameters like Patient dynamics (Patient pool, epidemiology of disease, preference towards surgeries/alternative therapies) and Macroeconomic indicators (Number of Hospitals and Orthopedic clinics, reimbursement scenario, diagnosis rate, treatment rate and healthcare expenditure).
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Europe Joint Reconstruction
Joint reconstruction surgery is performed to replace whole or parts of joints damaged either by trauma or indications such as osteoarthritis, rheumatoid arthritis, osteonecrosis, or mal-aligned joints. Joint reconstruction surgery is done to alleviate pain, improve mobility and increase quality of life. The joint reconstruction market is the largest segment in the orthopedic devices market. Knee and hip implants are its largest sub-segments, followed by small joint implants or sports medicine.
North America Joint Reconstruction
The report “North American Joint Reconstruction Devices Market forecast, 2012-2018 “analyzes the market of devices by 8 segments such as Digit Replacement Devices, Disc Replacement Devices, Elbow Replacement Devices, Foot and Ankle Replacement Devices, Hip Replacement Devices, Knee Replacement Devices, Shoulder Replacement Devices and Wrist Replacement Devices. All of these segments experienced a positive growth till 2012 with an increased awareness for procedures and sophisticated diagnostic techniques. The report also provides an extensive competitive landscaping of companies operating in this market. The main companies operating in Joint reconstruction device market and extensively covered in this report are Stryker, Zimmer, DePuy Synthes, Medtronic, Smith and Nephew, Exactech Inc., Tornier, Biomet Inc., Wright Medical Group and Ottobock.
Asia Joint Reconstruction
The report “Asian Joint Reconstruction Devices Market forecast, 2013-2020 “analyzes the market of devices by 8 segments such as Digit Replacement Devices, Disc Replacement Devices, Elbow Replacement Devices, Foot and Ankle Replacement Devices, Hip Replacement Devices, Knee Replacement Devices, Shoulder Replacement Devices and Wrist Replacement Devices. All of these segments experienced a positive growth till 2012 with an increased awareness for procedures and sophisticated diagnostic techniques. Both the markets have been witnessing the maximum growth because of increase in patient pool and procedure numbers of hip and knee osteoarthritis and rheumatoid arthritis. The report also provides an extensive competitive landscaping of companies operating in this market. The main companies operating in Joint reconstruction device market and extensively covered in this report are Stryker, Zimmer, DePuy Synthes, Medtronic, Smith and Nephew, Exactech Inc., Tornier, Biomet Inc., Wright Medical Group and Ottobock.