Albany, NY -- (SBWIRE) -- 05/04/2018 -- Subtalar Joints Implants Market:Overview
The subtalar joint, also known as talocalcaneal joint, is a plane synovial joint which is located in the foot. More specifically, the subtalar joint is located between the talus and calcaneus. The primary function of this joint is to help in the inversion and eversion of the foot.
Flat feet is common deformity of the foot. Subtalar arthroereisis is a surgical option to treat this abnormality where subtalar joint implants are placed between talus and calcaneus to stabilize the movement of the subtalar joint. Patients undergo this surgery to treat sports injuries or accidental injuries to the subtalar joint. People who have previously sprained their subtalar joints are prone to subtalar joint arthritis. The most common symptoms of subtalar joint arthritis includes pain while walking and uncomfortable movement of the subtalar joint. Surgical interventions in the subtalar joint is the most recommended options for treating subtalar joint arthritis in adults.
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The global subtalar joint implants market is driven by the growing number of patients with flat feet, subtalar joint injuries and subtalar joint arthritis. Additionally, rise in diagnosis and treatment rate of subtalar joint abnormality, increase in reimbursement for the treatment of subtalar joint abnormality, and improvements in health care infrastructure are expected to boost the market. High cost of implants and stringent global regulatory landscape are likely to restrain the global subtalar joint implants market. However, R&D investment and technological advancements are expected to create opportunities for the growth of the global market during the forecast period.
In terms of application, the global subtalar joint implants market is categorized into subtalar joint arthritis, flat feet, injuries, and others. Based on types of implant, the market is bifurcated into resorbable and non-resorbable. In terms of material, the global subtalar joint implants is classified into titanium alloy, poly-L-lactic acid (PLLA), and others. Based on end-user, the market is classified into hospitals, ambulatory surgical centers, independent clinics, and others.
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Geographically, the global subtalar joint implants market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Around 9% of the U.S. adults aged 21 and above have flat feet. Nearly, 8.6% of the adults aged 21 and above suffered from flat feet in Canada in 2016. Approximately, 11.4% of middle-aged population suffered from subtalar joint arthritis, whereas around 10.5% this population were susceptible to subtalar joint arthritis in Canada in 2016. Nearly, 12.2% of the adults in Europe have flat feet whereas over 15% of the middle-aged population suffer from subtalar joint arthritis. North America and Europe held a major share of the subtalar joint implant markets in 2016. Market share of these regions is projected to increase at significantly during the forecast period, owing to the rise in the number of population with flat feet, subtalar joint arthritis, injuries, high diagnosis and treatment rate, favorable reimbursement rate, robust medical infrastructure, and presence of key market players in these regions. Asia Pacific accounted for a considerable share of the subtalar joint implant market in 2016. The market in the region is anticipated to expand at a considerable pace during the forecast period due to a large number of population with flat feet, growing diagnosis and treatment rate, availabilities of low-cost implants, and presence of domestic vendors. Low diagnosis rate and treatment rate for subtalar joint deformity and weak medical infrastructure is likely to restrain the market in Latin America and Middle East and Africa.
Key players operating in the global subtalar joint implants market include Integra LifeSciences Corporation, Arthrex, Inc, Wright Medical Group N.V., Stryker, Zimmer Biomet, OsteoMed, Trilliant Surgical LTD, VILEX IN TENNESSEE, INC., Life Spine, Inc., and OsteoSpring Medical Inc.
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