High Tibial Osteotomy Plates Market is segmented By Technique(Dome Technique, Wedge technique, Closed Wedge Technique, Open Wedge Technique, Distraction HTO Technique, and others), By Material (Polymers, Metals), By End-User(Hospitals, Specialty Clinics, and others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Report Overview
A report by DataM Intelligence estimates the Global High Tibial Osteotomy Plates market to grow at a CAGR Of 3.2% during the forecast period 2024-2031. The market is expected to grow due to increasing demand from Hospitals and Specialty Clinics. The competitive rivalry intensifies with Arthrex, Inc., Zimmer Biomet., B. Braun Melsungen AG, and others operating in the market.
A high tibial osteotomy is a surgical process where the upper portion of the tibia (shin bone) is cut and repositioned to correct problems with the alignment of the knee joint. Plates often hold the bone in its new position while it heals. These plates are typically metal and attached to the bone with screws. They are also called high tibial osteotomy plates.
High Tibial Osteotomy Plates Market Summary
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Metrics |
Details |
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Market CAGR |
3.2% |
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Segments Covered |
By Technique, By Material, By End-User, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Source: DataM Intelligence Analysis (2021)
High Tibial Osteotomy Plates Market Dynamics
The global high tibial osteotomy plates market growth is driven by an increase in knee osteoarthritis cases, advancements in surgical techniques, an increase in sports-related injuries, an increase in obesity rates, an increase in healthcare expenditure, and increasing demand for arthroscopy and minimally invasive surgeries.
An increasing cases of knee osteoarthritis drives the market growth
Among the chronic rheumatic diseases, hip and knee osteoarthritis (OA) is the most prevalent and is a leading cause of pain and disability in most countries worldwide. Its prevalence increases with age and generally affects women more frequently than men. The most prevalent type of arthritis, osteoarthristis, affects millions of individuals worldwide. When the protective cartilage that softens the ends of the bones gradually deteriorates, it happens. The World Health Organization, the International League Against Rheumatism, and global OA experts have made substantial efforts over the past few decades; many population-based epidemiological studies of knee OA have been conducted worldwide.
In addition, the market players apply market strategies such as acquisitions or product launches to expand their business. For instance, in November 2020, Olympus Corporation acquired GROUPE FH ORTHO. The acquisition of GROUPE FH ORTHO strengthened the sales channels by expanding the distribution of both Olympus’ orthopedic products via GROUPE FH ORTHO’s existing distribution channels and specific products in Japan.
The high cost of the surgery and the plates will hamper the growth of the market
However, the cost of the surgery and the plates themselves can be a barrier for some patients. The cost of the surgery and the plates can be a significant barrier for some patients. The cost of the procedure may include the cost of the plates, the surgeon's fee, and the cost of the hospital stay. Additionally, the cost may vary depending on the patient's insurance coverage and the type of plate used. This high cost can make the procedure prohibitively expensive for some patients, limiting the overall market growth.
COVID-19 Impact on Tibial Osteotomy Plates Market
The COVID-19 pandemic has profoundly affected the high tibial osteotomy plates market. As per the article published in the International Journal of Environmental Research and Public Health, the orthopedic specialty was one of the most seriously hit due to many postponable elective procedures and major surgeries with high resource requirements. Worldwide, joint replacements, in particular, were stopped, and orthopedic departments were converted to COVID-19 facilities. In the U.S. (United States of America), in 2020, the Surgeon General recommended canceling all elective surgeries. To help contain potential ambiguities, professional societies such as the AAOS (American Academy of Orthopedic Surgeons) issued guidelines and protocols. The initial focus was to postpone all surgeries that could be delayed one month without causing harm.
In 2023, the situation is recovering, and patients can access healthcare facilities. An increasing number of elective surgeries leads to increasing demand for high tibial osteotomy plates worldwide.
High Tibial Osteotomy Plates Market Segmentation Analysis
The dome technique is expected to grow at the fastest CAGR during the forecast period (2024-2031)
The dome technique segment accounts for the highest market share. As per the article published in Arthroscopy Technique in 2020, high tibial osteotomy for medial-compartment knee osteoarthritis (OA) is an established biological knee reconstruction surgical procedure. The angulation correction axes are away from the center of rotation and angulation in the open- and closed-wedge high tibial osteotomy. This results in translation deformity, which alters the orientation of the adjacent joint and the length of the limb. The advantages of this procedure include the physiological orientation of adjacent joints achieved; limb length maintained; joint stabilization in the coronal plane achieved; patella infra prevented, sufficient bone contact between the medial and posterior cortex achieved; early weight-bearing walking is possible; and the fibular osteotomy is not required.
Source: DataM Intelligence Analysis (2021)
High Tibial Osteotomy Plates Market Geographical Share
North America region holds the largest market share of the global high tibial osteotomy plates market
North America dominates the market for high tibial osteotomy plates and is expected to show a similar trend over the forecast period. The market is driven by technological advancements, an aging population, increasing obesity rates, advances in surgical techniques, insurance coverage, and product launches by market players in the North American region.
As per the Centers for Disease Control and Prevention, about 1 in 4 U.S. adults (23.7%), or about 58.5 million people, have doctor-diagnosed arthritis. Knee osteoarthritis is a degenerative joint disease that commonly affects older individuals. As the population ages, the number of people with knee osteoarthritis increases, leading to a greater need for HTO surgery. HTO is a surgical procedure used to correct the alignment of the knee joint and reduce the load on the damaged portion of the joint, which can help slow the progression of osteoarthritis and reduce pain and disability.
Source: DataM Intelligence Anal is (2021)
Global High Tibial Osteotomy Plates Companies And Competitive Landscape
The high tibial osteotomy plates market is a moderately competitive presence of local and global companies. Some of the key players which are contributing to the growth of the market are Stryker Corporation, DePuy Synthes (Johnson & Johnson), Arthrex, Inc., Zimmer Biomet, B. Braun Melsungen AG, Smith & Nephew, Wright Medical Group N.V., Acumed, LLC, Amplitude Surgical, and LifeSciences Corporation, among others. The major players are adopting several growth strategies, such as Type launches, acquisitions, and collaborations, contributing to the growth of the high tibial osteotomy plates market globally.
For instance,
- In September 2020, Smith & Nephew acquired Integra Life Sciences Holdings Corporation’s extremity orthopedics business. The acquisition strengthened the company’s business by expanding the product pipeline with a focused sales channel.
Baxter International, Inc.
Overview:
Stryker Corporation is a medical technologies company founded in 1941 and headquartered in the United States. We offer innovative products and services in Medical and Surgical, Neurotechncs and Spine that help improve patient and hospital outcomes.
Product Portfolio:
AxSOS 3 Ti Proximal Medial Tibia: It is designed for direct medial or posteromedial placement, and we can use it in conjunction with the proximal lateral tibia plate; it allows for a less rigid construct, potentially resulting in increased callus formation and secondary healing, provides increased CT imaging clarity, and offers excellent biocompatibility.
The global high tibial osteotomy plates market report would provide access to approximately 40+ market data tables, 45+ figures, and in the range of 200 (approximate) pages.
