In case of injury, trauma, or
defect in the lower extremities of the body, i.e. the feet and ankles, special
plates and screws are available for use to rectify and reconstruct them. Foot
and ankle plating systems are implants that are placed inside the body to
repair or reconstruct the damaged/injured parts. These systems are used to
strengthen the ligaments and the tendons, or to attach them to the bone, or
replace the bones, or hold the bones together.
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The foot and ankle area comprises
the musculature, starting from the tibiofibular-talus joint or the ankle joint,
and includes ligaments, muscles, and tendons, associated with the mid-foot,
fore-foot, and hind-foot regions. Foot and ankle plating system is used to fix
such parts, depending on the area of the injury.
The foot and ankle plating system
market is fueled by the growing geriatric population, who are at a higher risk
of bone injuries, rising prevalence of obesity, osteoarthritis, and
osteoporosis, accidents, and youth-related sports injuries. Ankle and
foot-joints issues can cause a lot of discomfort and pain to the patient and
can significantly affect one’s lifestyle. Hence, it is essential that the foot
and ankle implant plates are sturdy and implanted correctly. The foot and ankle
plating system market is likely to be restrained due to factors such as high
cost of the procedure and implants and post-operative infection caused by
implant surgery.
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The global foot and ankle plating
system market can be segmented based on application, material, and end-user. In
terms of application, the foot and ankle plating system market can be divided
into total ankle replacement, ankle fusion, forefoot and midfoot fusion,
subtalar fusion, and others. Total ankle replacements are expected to hold the
leading share of the segment during the forecast period owing to rise in
sports-related injuries and accidents. The ankle joint, being small, requires
replacement, when broken. Based on material, the foot and ankle plating system
market can be classified into stainless steel plates, titanium plates,
composite plates, and others.
Titanium plates are expected to
hold a key share of the segment owing to their load-bearing capability and
strength and lightweight. In terms of end-user, the foot and ankle plating
system market can be categorized into hospitals, specialty clinics, and
ambulatory surgical centers. Hospitals are expected to hold the dominant share
of the segment owing to the focus of hospitals toward enhancing plating
procedures to ensure reduced pain, improved mobility, and increased patient
satisfaction. Emergence of new foot and ankle plating options and diverse
plating options to treat different types of foot and ankle injuries is boosting
the market.
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In terms of region, the global
foot and ankle plating system market can be segmented into North America, Asia
Pacific, Europe, Latin America, and Middle East & Africa. North America is
expected to hold the leading market share during the forecast period owing to
factors such as growing acceptance and adoption of foot and ankle implants and
quick FDA approvals for such implants. For example, in February 2018, Centric
Medical received FDA 510 clearance for its foot and ankle plating system.
Europe is expected to hold the second dominant share of the foot and ankle
plating system market. Rise in prevalence of obesity and technological
advancements in the foot and ankle plating industry in Europe are boosting the
growth of the market
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Key players operating in the
global foot and ankle plating system market include Paragon 28, Inc, Stryker,
Wright Medical Group N.V., Medline Industries, Inc, CENTRIC MEDICAL, LLC,
Acumed, VILEX IN TENNESSEE, INC., Orthofix Holdings, Inc., DePuy Synthes, Smith
& Nephew, and Zimmer Biomet.
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