High Tibial Osteotomy Plates Market - By Technique (Open Wedge Technique, Closed Wedge Technique, Progressive Callus Distraction, Chevron Osteotomy, Dome Technique), By Material (Metal, Polymer), By End-use (Hospitals, Clinics), By Region - Global Forecast to 2032
Published Date: August - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationHigh Tibial Osteotomy Plates Market - By Technique (Open Wedge Technique, Closed Wedge Technique, Progressive Callus Distraction, Chevron Osteotomy, Dome Technique), By Material (Metal, Polymer), By End-use (Hospitals, Clinics), By Region - Global Forecast to 2032
High Tibial Osteotomy Plates Market Size
High Tibial Osteotomy Plates Market size accounted for USD 226.4 million in 2022 and is estimated to grow at over 4.3% CAGR between 2023 and 2032. Increasing geriatric population base that are prone to various bone-related disorders will spur the global market growth.
Increase in incidence and prevalence of arthritis among individuals is expected to boost the market expansion during the analysis timeframe. For instance, according to the Centers for Diseases Control and Prevention (CDC), approximately 54.4 million U.S. adults have one or other form of arthritis. Also, nearly 78 million adults aged above 28 will be diagnosed with arthritis in the U.S. by 2040. Thus, rising number of bone-related disorders will boost the adoption rate, thereby fostering the industry statistics.
High tibial osteotomy (HTO) is one of the common orthopaedic procedures which is intended to treat symptomatic osteoarthritis of the medial compartment of knee with varus alignment. The HTO procedure is widely used in the treatment of knee arthrosis. Furthermore, various HTO techniques include open wedge technique, closed wedge technique, and progressive callus distraction among others.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| High Tibial Osteotomy Plates Market Size in 2022 | USD 226 Million |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 4% |
| 2032 Value Projection | USD 355 Million |
| Historical Data for | 2018 to 2032 |
| No. of Pages | 115 |
| Tables, Charts & Figures | 220 |
| Segments covered | Technique, Material, End-use, and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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High Tibial Osteotomy Plates Market Trends
Hey there! Musculoskeletal conditions, or MSCs for short, are a major player in Europe when it comes to causing serious pain and making it hard to do everyday activities over the long term. Plus, it can lead to problems like inflammation and damage to the structure of joints. In fact, more than half of all Europeans over 65 have some form of MSC. And get thisby 2040, around 26% of all adults in Europe (that's nearly 80 million people!) are expected to have arthritis that's been diagnosed by a doctor. With so many people suffering from bone-related issues, there's going to be a huge need for things like high tibial osteotomy plates to help them out. Basically, this means there will be a lot of demand for these plates, which could lead to growth in the market for them.
Increasing preference for alternative treatment method or therapies will hinder the high tibial osteotomy plates market growth
Instead of high tibial osteotomy, there are other options like unicompartmental knee arthroplasty and compartmental prosthetic replacement. Compartmental prosthetic replacement is a good choice for older people with osteoarthritis in one part of their knee. However, there's a big difference in how long it takes patients to recover from these surgeries. For example, after high tibial osteotomy, patients can usually walk within 4 to 8 weeks. But after compartmental prosthetic replacement, it takes about 3 to 4 weeks. So, because of these factors, patients often choose other options or treatments. This is slowing down the growth of the market for HTO plates.
High Tibial Osteotomy Plates Market Analysis
In 2022, surgeries using open-wedge high tibial osteotomy plates made up more than half (53%) of the market. This method is expected to grow even more in the coming years. The open-wedge technique is a less invasive procedure than others, with fewer cuts and less tissue damage. This makes it easier for patients to recover and follow their treatment plan. It's also a very effective way to fix the alignment of the knee and the top part of the shinbone. Doctors are using open-wedge more often because it has fewer complications and a higher success rate than other methods. As a result, this technique is expected to drive the growth of the high tibial osteotomy plates market.
Based on material, the high tibial osteotomy plates market is divided into metal and polymer. The metal segment is expected to reach USD 322.2 million by 2032 growing at a CAGR of 4.4%. Metals are mostly preferred and standard choice of material for the development of HTO plates. These metal plates provide stable fixation that reduces the risk of non-union after HTO procedure. Additionally, metal plates are widely used to hold the wedged-open tibia in place while the bone heals. Thus, usage of metal plates in various HTO procedures will boost the high tibial osteotomy plates demand.
The end-use segment of high tibial osteotomy plates market is bifurcated into hospitals, clinics and others. The hospitals segment is expected to show steady growth of 3.9% during the analysis period. Increasing prevalence of osteoarthritis and knee surgeries in hospital setting will augment the industry growth. For instance, it is estimated that approximately 750,000 arthroscopic surgeries are performed in the U.S. every year. Moreover, presence of advanced medical equipment, skilled orthopaedic surgeons and advanced technology will further increase the preference of patients towards hospital, thereby fostering the market forecasts.
North America dominated the global high tibial osteotomy plates market with USD 101.2 million in 2022 and is anticipated to show steady growth during the forthcoming years. High growth rate is owing to the presence of well-established healthcare infrastructure and major market players in the region. Moreover, high prevalence of osteoarthritis in the region and a high number of arthroscopic surgeries will spur the demand for high tibial osteotomy plates.
High Tibial Osteotomy Plates Market Share
Prominent market players operating in the high tibial osteotomy plates industry include
- Zimmer Biomet
- Smith & Nephew
- Olympus Corporation
- and Arthrex
New product launch, partnerships and collaboration are the most commonly adopted business strategies to sustain market competition.
Some of the recent industry developments
- In January 2021, Smith & Nephew completed acquisition of Integra LifeSciences Holdings Corporation’s extremity orthopedics business. The acquisition strengthened the company’s business by expanding the product pipeline with a focused sales channel.
Impact of COVID-19 pandemic
The spread of COVID-19 pandemic across the globe negative impact on high tibial osteotomy (HTO) plates industry. Increase in number of COVID-19 infections across several countries has resulted in imposing of lockdown and delaying or postponing the non-essential surgical procedures. The knee arthroplasty procedure was not one of the critical or life-saving procedure and hence, considered under elective surgical procedures. Also, several countries across the globe were focusing on severe and life-threatening health conditions other than elective surgeries. Therefore, the aforementioned factors decreased the number of surgeries and resulted in negatively impacting the market growth in 2020.
The high tibial osteotomy (HTO) plates market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 - 2032, for the following segments
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By Technique
- Open-wedge technique
- Closed-wedge technique
- Progressive callus distraction
- Chevron osteotomy
- Dome technique
By Material
- Metal
- Polymer
By End-use
- Hospitals
- Clinics
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- Saudi Arabia
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