The global ankle fusion nail market consists of surgical implants that are inserted in the tibia and talus bones to stabilize the ankle joint after fusion surgery. Ankle fusion nails help reduce pain and facilitate the fusion of ankle bones following trauma or osteoarthritis. They provide rigid internal fixation to the bones and allow early weight bearing and mobilization. Common implant designs include rigid intramedullary nails and less rigid locking compression plates. The number of ankle fusion procedures is rising owing to the growing geriatric population suffering from ankle arthritis and sports-related injuries. Ankle fusion surgery is a viable treatment approach when conservative treatments like medication and bracing have failed to relieve chronic pain and disability.

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.

The number of ankle fusion procedures is rising globally due to the increasing incidence of ankle osteoarthritis as more people are involved in high-impact sports. Ankle arthritis is also prevalent in the geriatric population aged 65 years and above.

Advancements in implant material science and design have led to the development of innovative implant designs like two-piece intramedullary nails that offer better fixation stability and early postoperative mobilization compared to traditional single-piece rigid nails. 3D printing technology is also being utilized to custom-design patient-specific implants.

Market Trends

Locking plate systems are gaining popularity over traditional intramedullary nail fixation as they allow for angular stabilization in addition to axial and rotational stability of the ankle joint. Many orthopedic surgeons are also adopting minimally invasive percutaneous plating techniques for ankle fusion that reduce soft tissue stripping compared to open procedures.

Growinginsurance reimbursement for ankle arthrodesis surgery in developing nations is encouraging more patients to opt for the procedure. Manufacturers are also expanding to emerging Asian and Latin American markets with bundled product and service offerings.

Market Opportunities

There is scope for biomaterial innovation in ankle fusion nails to develop resorbable implants that eliminate the need for implant removal surgery post fusion. Biologics like bone grafts and bone morphogenetic proteins can be integrated into contemporary implant designs to enhance fusion rates.

Developing personalized pre-surgical planning and 3D printed patient-specific implants tailored for complex ankle deformity corrections also presents growth opportunities.

Impact of COVID-19 on Global Ankle Fusion Nail Market Growth

The COVID-19 pandemic severely impacted the global ankle fusion nail market growth in the initial months. Governments imposed lockdowns and social distancing norms to curb the virus spread. This led to halting of elective surgeries like ankle fusion procedures temporarily. Supply chain disruptions disturbed the availability of ankle fusion nails. However, post lockdowns, as healthcare facilities reopened gradually, the demand started recovering. But it was hampered due to healthcare resources diversion to COVID-19 management.

Geographies like Asia Pacific and Latin America faced greater challenges with overwhelmed healthcare infrastructure. Though telemedicine facilitated post-surgery consultation and rehabilitation, it could not fully compensate the loss. Going forward, strict safety protocols will have to be followed in conducting ankle fusion surgeries. Digitalization and development of innovative home care solutions can aid faster market recovery. Governments will need to allocate more funds for non-COVID healthcare to address pent-up demand. Manufacturers shall diversify supply sources to ensure ongoing availability.

Geographical Regions Where Global Ankle Fusion Nail Market is Concentrated in Terms of Value

North America dominates the global ankle fusion nail market in terms of value, owing to advanced surgical procedures, rising number of ankle injuries due to sports and outdoor activities. Availability of technologically advanced treatment options and favorable reimbursement policies drive market growth. The United States accounts for the major share in the regional market. Europe follows next due to growing aging population suffering from ankle osteoarthritis.

Asia Pacific is considered as the fastest growing region for the global ankle fusion nail market. Improving access to healthcare facilities, increasing healthcare expenditure, rising medical tourism are some factors propelling the regional demand. Moreover, growing prevalence of ankle disorders associated with sedentary lifestyles and obesity further stimulates the APAC market.

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's growth between 2024 and 2031.

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

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

:- Global Ankle Fusion Nail 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 vendors

FAQ’s

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Author Bio:

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)