According to FutureWise analysis the market for foot and ankle allograft in 2023 is US$ 0.78 billion, and is expected to reach US$ 1.61 billion by 2031 at a CAGR of 9.52%.
Reconstructive surgeries around the foot and ankle are most commonly performed with allografts. As compared to autografts, allografts offer advantages such as a shorter operative time, unlimited tissue sources, and no potential donor-site morbidity. In general, allografts can be divided into three categories: osteochondral grafts, allograft tendons, and osseous/structural grafts. There are various types of surgeries that use allografts, including joint reconstruction in the knee and ankle, reconstruction due to cancer or trauma, ACL repair, urological procedures, shoulder repair, and spinal fusion. Over the last decade, the use of these types of grafts has dramatically increased. In addition to the rising incidence of chronic wounds and diabetic foot ulcers, orthopedic diseases, foot and ankle disorders, and continuous product commercialization, foot and ankle allograft market revenue growth is also driven by public-private educational and awareness initiatives related to preventive and postoperative care. Furthermore, bioresorbable and 3D-printed implants, as well as increasing R D activities, will create new growth opportunities for the foot and ankle allograft market. Diabetes-related foot ulcers and chronic wounds are major factors driving revenue growth in the foot and ankle allograft market. An ulcerated foot in a diabetic patient with neuropathy or peripheral artery disease of the lower limb is one of the most serious and disabling complications of diabetes and a leading cause of foot ankle allograft surgery. In diabetics, foot ulcers and limb amputations increase with age and duration of diabetes. The impact of diabetic foot on a patient's quality of life and the medical system's financial burden make diabetic foot prevention critical. Bioresorbable and 3D-printed implants are paving the way for more novel methods of treatment, which is expected to lead to new opportunities for the foot and ankle allograft market.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Foot and Ankle Allograft Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Foot and Ankle Allograft Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.