Category : Healthcare and Pharmaceuticals | Published at : March-2021 | Delivery Format : PDF | Status: Published | Pages : 190
The market for high tibial osteotomy (HTO) plates is expected to grow at a CAGR of around 6.3% from 2020 to 2027 and projected to reach the market value of around US$ 275.7 Mn by 2027.
High Tibial Osteotomy (HTO) is a surgical procedure widely performed to treat medial knee arthrosis. HTO produces a postoperative valgus limb alignment by shifting the load-bearing axis of the lower limb laterally. Whereas, the maximization of procedural success and postoperative knee function is still having some challenges and complications. Moreover, the advantages associated with the HTO are the preservation of the knee joint as long as possible, avoidance or postponement of knee replacement, and a large corrective effect of the mechanical axis.
Market Dynamics
The rapidly increasing geriatric population base that is prone to various bone-related disorders is driving the market growth. The rising incidence and prevalence of bone-related diseases such as osteoarthritis and rheumatoid arthritis among individuals are further propelling the market value. The increasing number of accidents and sports-related injuries globally are further expected to drive the growth. Furthermore, ongoing research and development activities for the development of techniques that can decrease the complications associated with the HTO are anticipated to create potential demand over the forecast period.
On the other side, increasing preference for alternative treatment method or therapies is estimated to hinder the growth over the forecast timeframe from 2020 to 2027.
Segment Instance of Global High Tibial Osteotomy (HTO) Plates Market
Metal is having potential revenue share in the global High Tibial Osteotomy (HTO) Plates Market
Based on material, metal is leading the global high tibial osteotomy (HTO) plates market in terms of revenue. Widely used metal high tibial osteotomy (HTO) plates are stainless steel plates and titanium plates. Furthermore, the polymer material is projected to exhibit the fastest growth during the forecast period 2020 to 2027. The light weight and cheaper cost associated with the polymer plates are likely to drive growth over the forecast period.
Open-wedge technique accounted for the maximum revenue share in the global High Tibial Osteotomy (HTO) Plates Market
On the basis of technique, the open-wedge technique having a potential share across the high tibial osteotomy (HTO) plates market. The procedure involves few dissections and single bone cutting that increases patient recovery and compliance is the factor supporting the prominent share in the global market. Additionally, it’s an effective procedure for restoring the coronal alignment & proximal tibiofibular joint.
North America held maximum revenue share in the High Tibial Osteotomy (HTO) Plates Market
In 2019, North America accounted for the maximum revenue share in the high tibial osteotomy (HTO) plates market, and the region is also projected to maintain its dominance during the forecast period from 2020 to 2027. The major economies of the region including the US and Canada are the major contributors to the regional market value. The US dominated the North America high tibial osteotomy (HTO) plates market. The presence of a high-income population base as well as an increasing geriatric population is propelling the regional market value.
Asia Pacific is estimated to exhibit fastest growth during the forecast timeframe
The developing healthcare infrastructure of the region along with the increasing disposable income of people is supporting the fastest regional market growth. The developing economies of the region are the major contributors to the regional market value. The increasing investment by the hospitals for the deployment of advanced procedures to arthritis patients is additionally propelling the regional market value.
The players profiled in the global high tibial osteotomy (HTO) plates market report include Acumed, Amplitude Surgical, Arthrex inc., B. Braun Melsungen, DePuy Synthes (Johnson & Johnson), Integra Lifesciences Corporation, Smith & Nephew, Stryker Corporation, Wright Medical Group, and Zimmer Biomet.
Market Segmentation
Market By Technique
Open-Wedge Technique
Closed-Wedge Technique
Progressive Callus Distraction
Chevron Osteotomy
Dome Technique
Market By Material
Metal
Polymer
Market By End-Use
Hospitals
Clinics
Others
Market By Geography
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions
The market for high tibial osteotomy (HTO) plates is expected to reach a market value of around US$ 275.7 Mn by 2027.
The high tibial osteotomy (HTO) plates market is expected to grow at a CAGR of around 6.3% from 2020 to 2027.
Metal is the leading segment by material in the high tibial osteotomy (HTO) plates market
The rapidly increasing geriatric population base, rising incidence and prevalence of bone-related diseases such as osteoarthritis and rheumatoid arthritis, and increasing accidents and sports-related injuries are some of the major drivers of the global high tibial osteotomy (HTO) plates market.
Acumed, Amplitude Surgical, Arthrex inc., B. Braun Melsungen, DePuy Synthes (Johnson & Johnson), Integra Lifesciences Corporation, Smith & Nephew, Stryker Corporation, Wright Medical Group, and Zimmer Biomet are the prominent players in the market.
North America held the highest market share in the high tibial osteotomy (HTO) plates market
Asia Pacific is expected to be the fastest growing market over the forecast period
