Germany dominates European total ankle replacement market — 6 points

Written by  Megan Wood | Friday, 10 March 2017 20:36
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The European total ankle replacement market encompasses 21 countries, and is expected to increase to $84.6 million by 2023, according to GlobalData.

Here are six points:


1. The market will continue to grow at a compound annual growth rate of 5.7 percent.


2. Current TAR products are designed to reduce tibial and talar bone resection to foster implant stability.


3. Long-term viability trials and positive study outcomes have reactivated the interest in the TAR market.


4. Germany accounted for 38 percent of the regional market revenue, and will likely maintain this dominance through 2023.


5. The Czech Republic, Hungary and the Netherlands will each grow at a 7.6 percent CAGR, representing the most rapidly growing markets.


6. Kalamazoo, Mich.-based Stryker; Plainsboro, N.J.-based Integra LifeSciences; Memphis, Tenn.-based Wright Medical; Warsaw, Ind.-based DePuy Synthes; and Warsaw, Ind.-based Zimmer Biomet lead the space.


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