Global Total Ankle Replacement Market to Rise at 6.3% CAGR to 2023, Predicts GlobalData in Its In-Demand Report Available at MarketPublishers.com
04 Jan 2018 • by Natalie Aster
LONDON – In 2016, the value of total sales of ankle replacement implants (across the major 39 country markets) was estimated at appr. USD 146 million. The global market for total ankle replacement (TAR) is anticipated to rise at a 6.3% CAGR through to 2023, the total sales are likely to amount to USD 223.8 million by 2023. Some of the major factors driving growth in the world’s TAR market include rapidly aging population, changing demographics and physical activity levels associated with elderly people. Furthermore, if compared to past years, now people tend to engage more in various sport activities, therefore, the incidence of different ankle-related sports injuries is increasing, thus, spurring the demand for TAR.
Due to escalated competitive pressures along with shrinking reimbursement, the average selling prices for TAR products are anticipated to continue declining across different geographies, partially offsetting the healthy growth of revenue from increased procedure volumes.
In-demand research report “MediPoint: Total Ankle Replacement - Global Analysis and Market Forecasts” worked out by GlobalData presents an insightful overview of the global market for TAR. It describes the current situation in the market (covering 39 country markets), contains updated statistics on sales and revenues, reviews the pricing trends, discusses prevailing trends, offers in-depth insights into the market landscape and also gives a detailed competitive assessment of the top players in the world’s TAR market. Besides, this report points out the unmet needs, reviews the existing ankle replacement devices and technologies, covers the most recent innovations, provides a profound market segmentation analysis, gives access to future forecasts up till 2023.
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