Rising incidents of sports injuries and increasing number of arthroscopic surgeries being performed are some key factors driving market revenue growth.
Rising incidents of sports injuries and increasing number of arthroscopic surgeries being performed are some key factors driving market revenue growth
The foot and ankle allograft market size is expected to reach USD 211.19 Million in 2030 and register a revenue CAGR of 6.6% over the forecast period, according to latest report by Reports and Data. Continuous product commercialization and rise in public-private educational and awareness initiatives related to preventive and post-operative care are some major factors driving foot and ankle allograft market revenue growth.
Paragon 28, a US-based foot and ankle surgical product manufacturer has introduced the Preserve HammerGraft System for hammer toe and novel charcot and midfoot reconstruction, as well as the Gorilla Medial Column Arch Plating System for medial column abnormalities. The new hammergraft system complements company’s existing Preserve range of aseptically treated implants that are free of gamma radiation and bleaching. Four allograft implants in 2.3 mm and 2.8 mm straight and angled alternatives are included in the system, which are obtained from the cortical rim of the tibia or femur, to give equivalent density to the PIP joint along with strength and to meet blood flow requirements of the region. Launch of such new advanced products is expected to have a major impact on revenue growth of the foot and ankle allograft market.
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Increasing incidence of fractures across the globe is a major factor driving revenue growth of the foot and ankle allograft market. A study conducted by the National Electronic Injury Surveillance System identified all individuals with ankle fractures who visited emergency rooms in the United States, while Census data was used to establish the incidence rates of ankle fractures by age, gender, and race. 673,214 ankle fractures were estimated to occur during 2012 to 2016, with an incidence rate of 4.22/10,000 person-years. The average age of patients with ankle fractures was 37 ± 22.86 (SD) years, with 23.5% (7.56/10,000 person-years) of ankle fractures occurring in patients aged 10 to 19 years. Furthermore, men accounted for 44% of ankle fractures (3.81/10,000 person-years), while women accounted for 56% (4.63/10,000 person-years).
For 71 % of the subjects, race/ethnicity information was available, with incidence rates of 2.85 per 10,000 person-years for whites, 3.01 per 10,000 person-years for blacks, and 4.08 per 10,000 person-years for others. It was found that falls were the most prevalent cause of injury (54.83%), followed by sports (20.76%), exercise (16.84%), jumping (4.42%), trauma (2.84%), and other causes (0.30 %). Ankle fractures were most common in men between the ages of 10 and 19 years, although women were more typically injured in all other age categories. High incidence of ankle fractures is expected to provide a major boost to the market. However, the high cost of operation, as well as complications associated with procedures and clinical constraints, are limiting growth of the market.
Some Key Highlights From the Report
- In July 2021, RTI Surgical, a leading surgical implant company providing blue-chip OEM customers with a portfolio of tissue-based, synthetic, and metal implants, entered into a long-term strategic agreement with leading global medical device OEM Exactech, related to the development and supply of biologic bone substitutes.
- Orthopedic reconstruction segment is expected to account for largest revenue share in the foot and ankle allograft market over the forecast period. Rising incidence of osteoarthritis and rheumatoid arthritis around the world, as well as technological advancements in the orthopedic joint reconstruction field, are boosting revenue growth of this segment.
- Development of free-form biomaterials/scaffolds for tissue regeneration is now possible due to new manufacturing methods, such as fast prototyping or Three Dimensional (3D) printing. This printing technology can create materials with computer-aided architecture, additives of inorganic/organic composition, and connective pores. Biomaterials that could be used in 3D printing, such as collagen and gelatin, are also considered for this purpose. 3D printing is used in a variety of medical applications, and such procedures have undoubtedly paved the way for bone tissue engineering and regeneration, as well as individualized medicine in clinical orthopedic and orthodontic operations.
- Porous bone implants, prosthetics, wearable biosensors, and drug delivery devices are examples of bioimplants used in medical or therapeutic applications. They are normally implanted for a duration of more than 30 days in the human body. They integrate the human body, material qualities, and bioimplant intactness to fix, support, recreate, or improve the functions of human tissues. Demand for bioimplants is surging due to increasing aging population and scarcity of donor organs in medical treatment. Various bioimplants, such as brain/neural implants, bone/cartilage implants, dental implants, and other structural implants, have been developed by key players as a result of the study and expansion in the biomaterials field. Increasing focus on research & development is expected to drive market revenue growth during the forecast period.
- The foot and ankle allograft market in North America is expected to account for largest revenue share over the forecast period. Increasing geriatric population and arthroscopic surgeries being performed are expected to support market revenue growth in the region during the forecast period.
- Key players profiled in the market report include CONMED Corporation, Wright Medical Group N.V., AlloSource, Bone Bank Allografts, RTI Surgical Holdings, Inc., Zimmer Biomet, JRF Ortho, Integra Life Sciences Corporation, Smith & Nephew Plc, and DePuy Synthes, among others.
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For this report, Reports and Data has segmented the foot and ankle allograft market based on product type, application, surgery type, end user, and region:
Product Type Outlook (Revenue, USD Million, 2019-2030)
- Allograft Wedges
- Allograft Tendons
- Allograft Acellular Dermal Matrix
- Cartilage Allograft Matrix
Application Outlook (Revenue, USD Million, 2019-2030)
- Arthritis
- Hammer toe
- Osteoporosis
- Others
Surgery Type Outlook (Revenue, USD Million, 2019-2030)
- Orthopedic Reconstruction
- Cartilage Restoration
- Soft Tissue Tendon & Ligament Repair
End User Outlook (Revenue, USD Million, 2019-2030)
- Hospitals
- Orthopedic Clinics
- Ambulatory Surgical Centers
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Regional Outlook (Revenue, USD Million; 2019-2030)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
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Some points on how the report benefits stakeholders:
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