Global Ankle Fusion Nail Market Opportunities By Industry Share, Statistics, Global Trends Evaluation, Geographical Segmentation, Business Challenges And Investment Opportunities Till 2030 | Stryker Corporation, Smith & Nephew plc

The Global 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 2023-2030. Ankle fusion nails are medical devices that are used in ankle arthrodesis surgery to fuse the tibia and talus bones of the ankle joint. They provide stability and allow early weight bearing post-surgery.

The global ankle fusion nail market is witnessing high growth driven by the increasing incidence of ankle fractures worldwide. According to the National Centre for Biotechnology Information, ankle fractures account for approximately 9% of all fractures, with an annual incidence rate of 187 fractures per 100,000 people. Additionally, growing obesity rates are also contributing to the rising prevalence of ankle fractures globally. Obese and overweight individuals are more prone to ankle fractures due to excessive pressure on joints. Furthermore, technological advancements in ankle fusion nails bringing mini and short nail designs have improved surgical outcomes for ankle fusion procedures. This is expected to increase the adoption of ankle fusion nails over the forecast period from 2023-2030.

Global Ankle Fusion Nail Market Key Drivers

- Driver 1: Increasing Incidence rate of Ankle Fusions Globally

The global ankle fusion nail market is primarily driven by the increasing incidence rate of ankle fusions worldwide. Ankle fusion is a surgical procedure performed to fuse the ankle bones into a single rigid segment. It is commonly recommended for treating severe ankle arthritis, ankle fractures that won't heal properly, deformities of the ankle, and other ankle conditions. As per estimates, around 52,000 ankle fusions are performed annually in the United States alone. The prevalence of diabetes, obesity and ankle injuries due to sports and road accidents has led to a surge in cases requiring ankle fusion globally in recent years. With the growing geriatric population prone to age-related joint degeneration, the demand for ankle fusion nails is expected to rise considerably over the forecast period.

- Driver 2: Technological Advancements in Ankle Fusion Nail Systems

Ongoing technological advancements in ankle fusion nail systems by key manufacturers are another key driver of market growth. Significant improvements have been made in the design and material properties of ankle fusion nails over the last decade. Advanced design features such as locking and compression mechanisms ensure stronger fixation strength and better fusion outcomes. Newer generation nails offer advantages such as a lesser risk of further surgery for implant removal, non-irritating materials, and enhanced stability during the fusion process. They facilitate faster recovery and rehabilitation. Manufacturers are also developing patient-specific customized ankle fusion nail systems with 3D printing technology. Such innovative product launches are positively impacting the adoption of ankle fusion nails among surgeons and healthcare facilities.

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List of the Top Key Players of the Global Global Ankle Fusion Nail Market:

Acumed LLC
Arthrex Inc.
Stryker Corporation
Smith & Nephew plc
Wright Medical Group N.V.

Global Global Ankle Fusion Nail Market Segmentation Analysis:

By Type -

Uniplanar Nails
Multiplanar Nails
Others

By Application -

Hospitals
Ambulatory Surgery Centers
Orthopedic Clinics
Others

Regional Outlook:

The following section of the Global Global Ankle Fusion Nail Market report offers valuable insights into different regions and the key players operating within each of them. To assess the growth of a specific region or country, economic, social, environmental, technological, and political factors have been carefully considered. The section also provides readers with revenue and sales data for each region and country, gathered through comprehensive research. This information is intended to assist readers in determining the potential value of an investment in a particular region.

» North America: United States, Canada, and Mexico
» South & Central America: Argentina, Chile, Brazil, and Others
» Middle East & Africa: Saudi Arabia, UAE, Israel, Turkey, Egypt, South Africa & Rest of MEA.
» Europe: UK, France, Italy, Germany, Spain, Benelux, Russia, NORDIC Nations and Rest of Europe.
» Asia-Pacific: India, China, Japan, South Korea, Indonesia, Thailand, Singapore, Australia, and the Rest of APAC.

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Research Objectives:

➞ Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
➞ To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges, and risks).
➞ To analyze individual future prospects, growth trends, and their involvement in the total market.
➞ To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
➞ To deliberately profile the key players and systematically examine their growth strategies.

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