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. 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.
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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.
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
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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