Syndesmosis Implant Systems Market by Product (Titanium-based Plate Implants, Stainless Steel-based Plate Implants and Biodegradable Material-Based Implants)
Industry: Healthcare
Published Date: March-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 220
Report ID: PMRREP32168
The Global revenue from the Syndesmosis Implant Systems Market was around US$ 83.5 Million in 2022, with the global market expected to grow at a CAGR of 7.9% to reach a valuation of around US$ 194.5 Million by the end of 2033.
Market Size (2023) |
US$ 90.7 Million |
Projected Market Value (2033) |
US$ 194.5 Million |
Global Market Growth Rate (2023 to 2033) |
7.9% CAGR |
Market Share of Top 5 Countries (2022) |
62.3% |
As assessed by Persistence Market Research, titanium based plate implants held a market share of around 53.2% in the global market, in 2022. Overall, syndesmosis implant systems market sales account for around 1.2% of revenue share in the global sports medicine market, which was valued at around US$ 6.8 Billion in 2022.
The Global Syndesmosis Implant Systems Market recorded a historic CAGR of 6.6% in the last 7 years from 2015 to 2022.
A syndesmosis is a joint between two bones that is connected by strong membrane and ligaments. An ankle sprain known as a syndesmotic ankle sprain (high ankle sprain) affects the ligaments connecting the distal tibia and fibula at their syndesmosis (a syndesmotic joint). The interosseous ligament (IOL), posterior-inferior tibiofibular ligament (PITFL), and anterior-inferior tibiofibular ligament (AITFL), and transverse tibiofibular ligament adhere to the distal tibiofibular syndesmosis (TTFL). Any ankle motion can result in syndesmotic damage. Extreme external rotation or talar dorsiflexion are the most frequent movements. In football, downhill skiing, and athletics, syndesmotic ankle sprains are frequent injuries.
Syndesmosis implant systems are expected to see profitable growth in the future as a result of product development, increased research and development activities, increased awareness about ankle syndesmosis, and increased investments in product innovation.
Several studies have been conducted to compare the cost-effectiveness of suture button fixation to syndesmotic screws.
Adoption of newly launched orthopedic implants has increased due to surgeons' readiness to perform technologically advanced surgeries, increased awareness of metal and absorbable implants, and the growing availability of customised therapies in the era of personalised medicine.
Surgeons are primarily concerned with improving patient outcomes and expediting recovery. Increased coverage for foot and ankle implants is also likely to encourage adoption and boost the chances of the surgeon recommending these implants.
“Use of Titanium and Biodegradable Implants for Various Sport Injuries and Bone Disorders”
In recent years, the frequency of sports injuries has dramatically grown.
Increase in the number of accidents and bone disorders such as joint pain, instability in the joint, bone loss, and infection are anticipated to spur demand for syndesmosis implant systems during the forecast period.
Use of titanium and biodegradable implants in fracture fixation has increased due to rising awareness of advantages of these implant materials among surgeons. Implants made of titanium are lightweight and maintain a steel-like level of strength. Using bioabsorbable implants has a number of benefits, including minimal risk of osteopenia, no irritation of soft tissue, and no need for a second procedure to remove the implants.
Ankle fractures and syndemostic injuries are most common among athletes and sportspersons. Early diagnosis and treatment of ankle injuries and sprains helps faster healing and reduces pain. Increase in number of health care providers focusing on optimal management of ankle injuries is expected to fuel the growth of the market
Key principle of surgical treatment of syndesmotic injuries is anatomic reduction of the ankle joint and establishment of correct tibia–fibula interval. Therefore, orthopedic surgeons focus on optimal management of sport injuries in order to reduce patient discomfort, proper fixation, and speedy recovery.
“Product Recall in Foot and Ankle Market and Complications Associated With Implants”
Products recalls due to manufacturing errors, side effects, damage to bones, or infection affect the sales of the foot and ankle implants. Regulatory authorities such as the Food and Drug Administration have issued product recalls for a number of arthroplasty device manufacturers. There were some voluntary recalls by product manufacturers as well.
Syndesmosis implants could lead to various complications and the patient might have to remove the implant in another surgery. This leads to economic burden and over-utilization of health care resources.
Why is the United States Market Booming?
“Technologically Advanced Syndesmosis Implant Systems”
The United States will account for around 39.6% of the global market in 2022.
The United States is expected to account for a major share of the global market because of increasing awareness among people about orthopedic conditions and their subsequent surgeries in this region.
The increase in population coupled with per capita expenditure on healthcare also offers significant opportunities for growth in this regional segment. Other factors such as technological advancement had led to the development of new implants, which are lighter and stronger, enhancing their reliability.
Will the Germany Be a Lucrative Market for Syndesmosis Implant Systems?
“Prevalence of Disease Related Ankle Osteoarthritis and Increased Demand of Advanced Syndesmosis Implants”
The German market held around 6.9% market share of the global market in 2022. Germany is emerging as a promising market for orthopaedic products due to factors such as an ageing population base and increased demand for medical devices among senior citizens in this region. Rising awareness about various types of disorders and associated with ankle osteoarthritis has also contributed to the growth of this regional market.
The key players are also focusing on creating cutting-edge syndesmosis implants.
How is China Emerging as a Prominent Market?
“Syndesmosis Injuries Related to Certain Diseases Increase the Demand for Syndesmosis Implant Systems”
China held a market share of about 5.4% of the global market in 2022.
There is significant potential for market expansion due to factors such as increased awareness of various disorders associated ankle and foot problems like osteoarthritis, osteoporosis and surgeries required to treat them, which has resulted in an increase in population base with surgery demands.
Ankle fracture and syndesmotic stabilisation are linked to osteoarthritis an osteoporosis.
Which Product is Driving Demand within the Global Market?
“Advantages Offered by Titanium-Based Plate Implants”
Titanium-based plate implants segment held value share of around 53.2% of the global market in 2022 due to advantages of titanium plates like good hard-tissue compatibility and corrosion resistance.
The other advantages offered by titanium, such as high biocompatibility, rigidity, strength, greater strain-bearing capacity. It is also non-magnetic, non-allergic, and non-radio-opaque, and it adheres to the bone easily without any additional coating.
Which Application Segment Drives Demand for Syndesmosis Implant Systems?
Growing cases of Ankle Fractures due to High Impact Sports Injuries”
Ankle fracture demands for greater utilization of syndesmosis implant systems thereby contributing market share of around 54.5% in 2022 globally.
A broken ankle is most often the result of an ankle twisting, but it can also be the result of a direct injury to the ankle. Common causes of broken ankle are car accidents, missteps, and falls, etc.
High-impact sports such as gymnastics and football, improper technique in using sport equipment, stress fracture due to increased activity level, obesity, decreased bone density (osteoporosis) can cause ankle injuries, walking around in a cluttered area, and smoking can all increase the risk of osteoporosis and d smoking can all increase the risk of osteoporosis and eventually lead to ankle bone injuries.
Which End User Segment is Helping to Expand the Global Market?
“Reduced Medical Stay and Cost offered by Ambulatory Settings”
Ambulatory Settings end user held around 52.0% share of the global market in 2022.
Ambulatory Settings are places where patients can receive surgical care without having to spend the night in the hospital. Outpatient surgeries are less stressful than inpatient surgery which are suitable for operations like knee or ankle replacement surgery.
Ambulatory settings are also popular due to lower cost of care by 45 to 60% less than hospital stays. Patients can receive better pre- and post-operative care in such a setting quickly, and the location is generally convenient. Patient is not required to stay in the hospital for several hours or days while recovering.
The key players are adopting key strategies to launch technologically advanced products, and partnership for manufacturing as well as distribution. The key players are also financially investing in the research and development for continuous innovation and advancement of products to survive in the competition.
A few examples of products strategically launched by the key players:
Similarly, the team at Persistence Market Research has tracked recent developments related to companies in the syndesmosis implant systems market, which are available in the full report.
Attribute |
Details |
Forecast Period |
2023 to 2033 |
Historical Data Available for |
2015 to 2022 |
Market Analysis |
|
Key Countries Covered |
|
Key Market Segments Covered |
|
Key Companies Covered |
|
Report Coverage |
|
Customization & Pricing |
Available upon Request |
Product
Application
End User
Region
To know more about delivery timeline for this report Contact Sales
The global market is valued at around 83.5 Million in 2022.
The global market estimates for 2023 is around US$ 90.7 Million.
The global market is expected to reach a valuation of around US$ 194.5 Million by the end of 2033.
Sales of the market are set to witness growth at a CAGR of 7.9% between 2023 and 2033.
Demand for the global market increased at an 6.6% CAGR from 2015 to 2022.
The U.S., Germany, China, Japan, and France account for most demand within the market, and were holding around 62.3% market share in 2022.
The U.S. accounted for around 39.6% share of the North American market in 2022.
Germany accounted for around 6.9% share of the global market in 2022.
The China market held a share of about 5.4% in the global syndesmosis implant systems market in 2022.
Zimmer Biomet, Arthrex, Inc., Smith & Nephew, Wright Medical Group N.V., Exactech, Inc., Acumed LLC (Colson Associates, Inc.), Inion Oy, Mortise Medical (Surgical Frontiers), and Paragon 28, Inc. are the key players of the global market.
Titanium based plate implants held market share round 53.2% in 2022 global market.