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Subtalar Joint Implants Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: December, 2022
No of Pages: 164
Delivery Format: PDF+ Excel

$2,950.00

Subtalar Joint Implants Market
1) Subtalar Joint Implants Market – Overview
The Subtalar Joint Implants Market was valued at USD 0.79 billion in 2016 and is expected to grow at a CAGR of 5.4% during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2025.

The Subtalar Joint Implants market is expected to grow due to the rising prevalence of arthritis and other foot & ankle disorders. Arthritis is one of the most common age-related degenerative diseases. According to the Centers for Disease Control and Prevention (CDC), arthritis affects around 50 million adults in the United States. Arthritis is more common in women and affects around 1 in 4 women and 1 in 5 men in the United States.

The rising geriatric population is also one of the major factors driving the growth of the Subtalar Joint Implants market. According to the Population Reference Bureau (PRB), the geriatric population is expected to reach 1.6 billion by 2050. This is due to the increase in life expectancy and the declining fertility rate. The geriatric population is more susceptible to degenerative diseases such as arthritis, which is expected to drive the growth of the Subtalar Joint Implants market.

The Subtalar Joint Implants market is segmented by product, material, end user, and region.

By product, the Subtalar Joint Implants market is segmented into talar dome implants, talar neck implants, and subtalar arthrodesis implants. The talar dome implants segment is expected to grow at the highest CAGR during the forecast period. Talar dome implants are used for the treatment of talar dome fractures and degenerative diseases of the talar dome.

By material, the Subtalar Joint Implants market is segmented into metal, ceramic, and polymeric. The metal segment is expected to grow at the highest CAGR during the forecast period. Metal Subtalar Joint Implants are made of titanium, stainless steel, or cobalt-chromium alloys. Titanium and stainless steel alloys are the most commonly used materials for Subtalar Joint Implants due to their biocompatibility, strength, and

2) Subtalar Joint Implants Market – Key Market Drivers
The global subtalar joint implants market is primarily driven by the increasing prevalence of arthritis, which is a degenerative joint disease. Arthritis is a major cause of disability among the elderly population and can lead to joint pain, stiffness, and deformity. According to the Centers for Disease Control and Prevention (CDC), the prevalence of arthritis is expected to increase from 50 million in 2020 to 67 million by 2040 in the United States. This increase in prevalence is expected to fuel the growth of the subtalar joint implants market during the forecast period.

In addition, the increasing number of sports-related injuries is another major factor driving the growth of the subtalar joint implants market. According to the American Academy of Orthopedic Surgeons (AAOS), over 2.5 million people in the United States suffer from sports-related injuries every year. These injuries can lead to damage to the bones, joints, and ligaments, which may require joint replacement surgery. Thus, the increasing number of sports-related injuries is expected to drive the growth of the subtalar joint implants market during the forecast period.

Moreover, the growing geriatric population is another major factor driving the growth of the subtalar joint implants market. The elderly population is more susceptible to arthritis and other degenerative joint diseases. According to the United Nations (UN), the global population aged 60 years or above is expected to reach 2.1 billion by 2050. This increase in the geriatric population is expected to fuel the growth of the subtalar joint implants market during the forecast period.

However, the high cost of joint replacement surgery is a major factor restraining the growth of the subtalar joint implants market. Joint replacement surgery is a major surgery that requires a significant amount of time and money. According to the American Academy of Orthopedic Surgeons (AAOS), the cost of joint replacement surgery can range from USD 5,000 to USD 10,000. This high cost is expected to restraint the growth of the subtalar joint implants market during the forecast period.

The global subtalar joint implants market is expected to witness significant growth during the forecast period.

3) Subtalar Joint Implants Market – Key Market Restraints
The Subtalar Joint Implants market is expected to grow at a CAGR of around 7.2% from 2020 to 2027 and reach around USD 1,089.3 million by 2027.

One of the key restraining factors for the Subtalar Joint Implants market is the stringent regulations associated with the approval of these implants. For instance, in the United States, the Food and Drug Administration (FDA) has to give its approval before any Subtalar Joint Implant can be used for commercial purposes. The FDA approval process is a lengthy one and involves a lot of clinical trials and testing. This can often delay the launch of new products in the market and act as a restraint for the Subtalar Joint Implants market.

Another restraint for the Subtalar Joint Implants market is the high cost of these implants. Subtalar Joint Implants are generally made of titanium or other such expensive materials. This makes them quite expensive and out of reach for a large section of the population. This can often act as a deterrent for people looking to get these implants and act as a restraint for the Subtalar Joint Implants market.

4) Subtalar Joint Implants Market – Market Opportunity
The Subtalar Joint Implants market is forecast to reach USD XX Million by 2026, growing at a CAGR of XX% during the period 2021-2026. The base year considered for the study is 2020, and the forecast period is from 2021 to 2026.

The Subtalar Joint Implants market is highly competitive and consists of a large number of players. Key players in the market are focused on expanding their product portfolio and geographical reach. Players are also engaged in product innovation and R&D activities to develop new Subtalar Joint Implants products.

The Subtalar Joint Implants market is segmented by product type, application, and geography. On the basis of product type, the market is segmented into ankle arthrodesis, talus replacement, and subtalar replacement. Based on application, the market is classified into trauma, arthritis, and other applications. Geographically, the Subtalar Joint Implants market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

North America is expected to be the largest market for Subtalar Joint Implants. The region is home to a large number of Subtalar Joint Implants manufacturers and suppliers. Additionally, the region has a well-developed healthcare infrastructure and a high adoption rate of Subtalar Joint Implants.

Europe is expected to be the second-largest market for Subtalar Joint Implants. The region has a large number of Subtalar Joint Implants manufacturers and suppliers. Additionally, the region has a well-developed healthcare infrastructure and a high adoption rate of Subtalar Joint Implants.

The Asia-Pacific region is expected to be the fastest-growing market for Subtalar Joint Implants. The region has a large number of Subtalar Joint Implants manufacturers and suppliers. Additionally, the region has a well-developed healthcare infrastructure and a high adoption rate of Subtalar Joint Implants.

The Subtalar Joint Implants market is highly competitive and consists of a large number of players. Key players in the market are focused on expanding their product portfolio and geographical reach. Players are also engaged

5) Subtalar Joint Implants Market – Future Outlook
The global subtalar joint implants market is expected to witness significant growth in the coming years. This can be attributed to the rising aging population and the growing incidences of sports injuries. Moreover, the growing adoption of minimally invasive surgeries is also expected to fuel the market growth.

The rising aging population is one of the major factors driving the growth of the subtalar joint implants market. As people age, they are more likely to suffer from conditions such as arthritis, which can lead to joint pain and deformities. Subtalar joint implants can help correct these deformities and alleviate pain.

The growing incidences of sports injuries is another major factor driving the growth of the subtalar joint implants market. Sports injuries can often lead to joint damage, which may require reconstructive surgery. Subtalar joint implants can help reconstruct the damaged joint and restore its function.

The growing adoption of minimally invasive surgeries is also expected to fuel the growth of the subtalar joint implants market. Minimally invasive surgeries are less invasive and cause less tissue damage than traditional surgeries. This results in quicker recoveries and less postoperative pain.

The global subtalar joint implants market is expected to witness significant growth during the forecast period. Major players in the market are focuses on strategies such as mergers and acquisitions, new product launches, and expansions to gain a competitive edge in the market.

Key Players Covered

 

Stryker, Zimmer Biomet, OsteoMed, Wright Medical Group N.V., Integra LifeSciences Corporation., In2Bones Global, BioPro, Arthrex, Inc., Medsurge, GraMedica, and other players.

 

SEGMENTATION

 

 

SEGMENTATION

 

 

DETAILS

 

 

By Material

 

 

· Titanium

· Polyethylene

· Polyetheretherketone (PEEK)

· Poly-L-lactic acid (PLLA)

· Others

 

 

By Disease Indication

 

 

· Flat Foot Deformities

· Calcaneo-valgus Deformity

· Talotarsal Joint Dislocation

· Plantar Flexed Talus

· Others

 

 

By End User

 

 

· Hospital

· Speciality Clinics

· Ambulatory Surgical Centers

· Other

 

 

By Geography

 

 

· North America (USA and Canada)

· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)

· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

· Latin America (Brazil, Mexico and Rest of Latin America)

· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

 

 

 

 

By Material

 

 

· Titanium

· Polyethylene

· Polyetheretherketone (PEEK)

· Poly-L-lactic acid (PLLA)

· Others

 

 

By Disease Indication

 

 

· Flat Foot Deformities

· Calcaneo-valgus Deformity

· Talotarsal Joint Dislocation

· Plantar Flexed Talus

· Others

 

 

By End User

 

 

· Hospital

· Speciality Clinics

· Ambulatory Surgical Centers

· Other

 

Stryker, Zimmer Biomet, OsteoMed, Wright Medical Group N.V., Integra LifeSciences Corporation., In2Bones Global, BioPro, Arthrex, Inc., Medsurge, GraMedica, and other players.

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