Global Syndesmosis Implant Systems Market Size By Type (Titanium-based Plate Implants, Stainless Steel-based Plate Implants), By Application (Ankle Fractures, Syndesmosis), By Geographic Scope And Forecast
Report ID: 316912|No. of Pages: 202
Global Syndesmosis Implant Systems Market Size By Type (Titanium-based Plate Implants, Stainless Steel-based Plate Implants), By Application (Ankle Fractures, Syndesmosis), By Geographic Scope And Forecast
Syndesmosis Implant Systems Market Size And Forecast
Syndesmosis Implant Systems Market size is valued at USD 75.54 Billion in the year 2021 and it is expected to reach USD 147.18 Billion in 2030, growing at a CAGR of 7.03% from 2023 to 2030.
The increasing incidences of ankle injuries, advancements in implant design and technology, increasing healthcare expenditure along with rising geriatric population are projected to boost the Syndesmosis Implant Systems Market globally. The Global Syndesmosis Implant Systems Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global Syndesmosis Implant Systems Market Definition
Orthopedic implants that stabilize the ankle joint following a syndesmosis injury are known as syndesmosis implant solutions. The syndesmosis is a collection of ligaments that connect the tibia as well as fibula bones in the lower part of the leg. A syndesmosis damage happens when these ligaments stretch or tear, causing discomfort, instability, and trouble walking. Syndesmosis implant devices are intended to stabilize ankle joints while enabling torn ligaments to recover.
These systems generally comprise several screws or similar fixation elements placed into the tibia and fibula bones to secure them. Titanium, stainless steel, as well as bioabsorbable substances, are among the materials that can be used to make the implants. Syndesmosis implant systems have grown more popular in the past few years since research has demonstrated that they can enhance outcomes for individuals with syndesmosis accidents.
These gadgets, specifically, have been found to lower the likelihood of re-injury and improve ankle function when contrasted with non-operative therapy. Numerous types of syndesmosis implant systems, comprising fixed-angle implants, flexible implants, and suture button devices, are offered in the marketplace. Fixed-angle ankle implants are intended to provide a secure, rigid ankle joint fixation. These implants generally comprise one or more screws placed at a set angle into the tibia and fibula bones to keep them in place.
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Global Syndesmosis Implant Systems Market Overview
Ankle injuries are widespread, with roughly 25,000 ankle sprains in the United States exclusively daily. A frequent kind of ankle injury is syndesmosis, which involves the ligaments that connect the tibia and fibula bones throughout the lower leg. The need for syndesmosis implant solutions is predicted to expand as the prevalence of ankle injuries rises. Minimally invasive operations are becoming more popular because they provide several advantages over standard open surgeries, such as faster recovery periods, less discomfort, and a decreased chance of problems.
Syndesmosis implant technologies are frequently employed in minimally invasive ankle procedures because they enable accurate implant placement while minimizing injury to the surrounding tissue. As the need for less invasive operations grows, so will the demand for syndesmosis implant devices. Implant design and technological advancements are propelling the creation of improved and more effective syndesmosis implantation solutions. Newer implant concepts, for instance, have locking mechanisms that increase stability and lower the likelihood of implant failure.
Furthermore, the use of bioabsorbable content in implant building is becoming more popular because it decreases the requirement for further surgery to remove the implant. The demand for syndesmosis implant solutions is projected to grow as these improvements continue. The worldwide geriatric population is quickly increasing, with an expected 1.5 billion individuals aged 65 and more by 2050. Since there are age-related changes in the density of bones and endurance, this demographic is at a higher hazard for ankle injuries, especially syndesmosis injuries.
The increasing geriatric population will increase the need for effective ankle injury treatment alternatives, fueling development in the marketplace for syndesmosis implant solutions. However, knowledge of these implants among healthcare professionals and patients is necessary to develop the Syndesmosis Implant Systems industry. Many clinicians and patients need to be aware of the presence or advantages associated with syndesmosis implants, notwithstanding their potential benefits. This, in turn, is expected to hinder the market growth over the forecast period.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Syndesmosis Implant Systems Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in the Global Syndesmosis Implant Systems Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Global Syndesmosis Implant Systems Market: Segmentation Analysis
The Global Syndesmosis Implant Systems Market is segmented on the basis of Type, Application, And Geography.
Syndesmosis Implant Systems Market, By Type
- Titanium-based Plate Implants
- Stainless Steel-based Plate Implants
Based on Type, the market is segmented into Titanium-based Plate Implants and Stainless Steel-based Plate Implants. The Portable Syndesmosis Implant Systems segment held a significant market share in the Syndesmosis Implant Systems Market in 2021. Due to their biocompatibility, endurance, and relatively low complication rate, titanium-based plates are a common alternative for syndesmosis implant solutions. Technological advancements have resulted in the creation of novel and creative syndesmosis implant methods that utilize titanium-based plates. These new solutions are intended to improve stability and lower the likelihood of problems.
Syndesmosis Implant Systems Market, By Application
- Ankle Fractures
- Syndesmosis
Based on Application, the market is segmented into Ankle Fractures and Syndesmosis. The Industrial Production segment dominated the Global Syndesmosis Implant Systems Market with the highest market share in 2021. Syndesmosis injuries are relatively prevalent, particularly among sports and physically active people. The necessity for suitable therapies for these injuries drives the demand for syndesmosis implant devices. Syndesmosis implant solutions are generally utilized to treat syndesmosis wounds, which are lesions to the joint that links the tibia and fibula bones in the lower part of the leg.
Syndesmosis Implant Systems Market, By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
On the basis of Geography, the Global Syndesmosis Implant Systems Market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North American region accounted for the highest market share in the Global Syndesmosis Implant Systems Market in the year 2021. North America is a healthcare innovation hotspot, and several of the region’s significant producers of syndesmosis implant devices are situated there.
The development of novel implant substances and surgical procedures drives demand for such devices in the region. Syndesmosis injuries are widespread among sports and physically active people in North America. According to research released in the American Journal of Sports Medicine, ankle syndesmosis injuries constitute around 10% of all ankle injuries among athletes in the United States.
Key Players
The “Global Syndesmosis Implant Systems Market” study report will provide valuable insight with an emphasis on the global market including some of the major players of the industry are Arthrex, Inc., Stryker Corporation, Acumed LLC, Orthofix Medical Inc., Zimmer Biomet Holdings, Inc., Smith & Nephew plc, Wright Medical Group N.V., Integra LifeSciences Holdings Corporation, Össur hf., Medtronic plc, DJO Global, Inc., TriMed, Inc., Synthes, Inc., Biomet, Inc., Depuy Synthes.
Our market analysis offers detailed information on major players wherein our analysts provide insight into the financial statements of all the major players, product portfolio, product benchmarking, and SWOT analysis. The competitive landscape section also includes market share analysis, key development strategies, recent developments, and market ranking analysis of the above-mentioned players globally.
Key Developments
- In April 2023, Enovis Corporation, a healthcare technology firm focused on innovation, announced the release of Enofix with Constrictor Technology, the newest addition to Enovis’ increasing range of foot and ankle solutions. Enofix with Constrictor Technology is a repair solution that performs well under cyclic loads.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2018-2030 |
| BASE YEAR | 2021 |
| FORECAST PERIOD | 2023-2030 |
| HISTORICAL PERIOD | 2018-2020 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Arthrex, Inc., Stryker Corporation, Acumed LLC, Orthofix Medical Inc., Zimmer Biomet Holdings, Inc., Smith & Nephew plc, Wright Medical Group N.V. |
| SEGMENTS COVERED |
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| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
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Industry Analysis Matrix
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