High Tibial Osteotomy Plates Market Size & Share, by Technique (Open-wedge, Closed-wedge, Progressive Callus Distraction, Chevron Osteotomy, Dome); Material (Metal, Polymer); End-Use (Hospitals, Clinics) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5480
  • Published Date: Jan 03, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

High Tibial Osteotomy Plates Market size is poised to reach USD 556 Million by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of high tibial osteotomy plates was USD 236 Million. The reason behind the growth is impelled by the growing burden of bone-related disorders across the globe, which raises the possibility of consequences including bone loss and fractures, which are surgically fixed using metal screws, pins, rods, or plates to stabilize the fractured bone. According to estimates, more than 150 million women worldwide are thought to be affected by osteoporosis.

The growing technological advancements in osteotomy devices are believed to fuel the high tibial osteotomy plates market growth. For instance, scientists from the University of Bath have created a 3D-printed artificial knee to realign a patient's knee and protect the patient's current knee joint which would aid in improving stability, comfort, and weight-bearing capacity.


High Tibial Osteotomy Plates Market
Get more information on this report: Request Free Sample PDF


High Tibial Osteotomy Plates Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~5%

Base Year Market Size (2023)

~ USD 236 Million

Forecast Year Market Size (2036)

~ USD 556 Million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

High Tibial Osteotomy Plates Sector: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Rising Geriatric Population – Osteoporosis is a serious risk for elderly people resulting from alterations in bone structure and a higher possibility of falls that result in fractures, and injuries. According to estimates, more than 770 million individuals worldwide were 65 years of age or older in 2022, making up around 9% of the world's population.
  • Growing Prevalence of Sports-Related Injuries- Sports-related fractures are increasing which is expected to drive the need for surgery and fracture fixation products. For instance, fractures comprise over 20% of injuries due to sports.

Challenges

  • Problems Associated with the Surgical Procedure- Complications such as blood clots, stiffness of the knee joint, and injuries to vessels and nerves arising from osteotomy surgery are more frequent. The surgical technique known as high tibial osteotomy (HTO) is considered to be well-established however, the lateral closure wedge HTO has multiple drawbacks, including the possibility of peroneal nerve palsy, and fibula resection. For instance, complication rates for closed wedge HTO range from around 10 to 33%, whereas opening wedge high tibial osteotomy (HTO), has over 2% to 54% risk of complications.
  • Exorbitant Cost of Product Development and Osteotomy Surgical Procedures
  • Presence of Extensive Regulatory Standards for Product Approval Could Result in High Investment.


High Tibial Osteotomy Plates Segmentation

Technique (Open-wedge, Closed-wedge, Progressive Callus Distraction, Chevron Osteotomy, Dome)

The open-wedge segment in the high tibial osteotomy plates market is estimated to gain a robust revenue share of 54% in the coming years owing to the growing burden of arthritis. Over the next 20 years, there will likely be a rise in the prevalence and burden of rheumatoid arthritis (RA) worldwide, which is a major cause of disability and is prevalent in people with heart disease, diabetes, and obesity. The prevalence of arthritis is very high, particularly in those over 50 which usually, results in stiffness, edema, joint pain, and restricted mobility. One of the potential causes of arthritis could be an injury, or inflammation, which results from persistent tissue damage, or a fungal, bacterial, or viral infection.

This is expected to increase the adoption of open wedge high tibial osteotomy as a successful surgical procedure to rectify a bowlegged posture that places excessive strain on the inner (medial) compartment of the knee. It regularly reduces knee discomfort and enhances knee function. Moreover, the technique precisely regulates the posterior slope and encourages bone regeneration and greater stability.

The prevalence of osteoarthritis is rising globally at a rate of more than 0.10% annually. Besides this, the closed-wedge segment is anticipated to gain a noteworthy share. The closed-wedge technique was a popular and widely used method in the treatment of medial gonarthritis and is also a successful surgical treatment for medial compartment osteoarthritis of the knee. Lateral closing wedge high tibial osteotomy has long been the accepted procedure that efficiently relieves pain and enhances joint mobility functions by removing a wedge-shaped bone block laterally.

Material (Metal, Polymer)

The metal segment in the high tibial osteotomy plates market is set to garner a notable share shortly. Metals are the preferred material for the majority of people when creating HTO plates which are often used to hold the wedged-open tibia in place. Additive-produced metallic implants are widely employed in joint replacements, to internally attach and stabilize the joint so that the patient can go about their everyday lives. The introduction of metal additive fabrication renders customized surgical guides and plates a financially feasible choice and has individual anatomical variations, with a unique variable shape.

End-Use (Hospitals, Clinics)

The hospitals segment is poised to garner a significant share during the forecast timeframe. High Tibial Osteotomy is a successful knee surgery procedure that is usually performed in hospitals owing to the availability of cutting-edge medical technology including surgical implants known as high tibial osteotomy (HTO) plates that serve to support and stabilize the bones. Additionally, hospitals have round-the-clock availability of skilled surgeons and access to high-quality care to execute minimally invasive total knee replacements, resulting in a quicker and nearly painless recovery.

Our in-depth analysis of the global market includes the following segments:

Technique

  • Open-wedge
  • Closed-wedge
  • Progressive Callus Distraction
  • Chevron Osteotomy
  • Dome

Material

  • Metal
  •  Polymer

End-User

  • Hospitals
  • Clinics

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

High Tibial Osteotomy Plates Industry - Regional Synopsis

North American Market Forecast

High tibial osteotomy plates market in North America is predicted to account for the largest share of 42% by 2036 impelled by the presence of key market players. This has led to an increase in product approvals. For instance, in August 2021 Zimmer Biomet Holdings, Inc. along with Canary Medical received approval from the U.S. Food and Drug Administration (FDA) for the world's first and only smart knee implant, Persona the Personalized Knee to provide joint replacement patients access to their own mobility data and help regain and maintain their mobility with confidence.

European Market Statistics

The Europe high tibial osteotomy plates market is estimated to be the second largest, during the forecast timeframe led by the presence of well-established healthcare infrastructure. Government subsidies are provided for citizens who cannot afford health insurance coverage in the majority of European countries such as Germany which receives its main funding from the public sector. Moreover, Germany has a strong and established market for medical equipment and has a robust healthcare system which was founded on the tenets of self-governance and solidarity.

Research Nester
High Tibial Osteotomy Plates Market size
Get more information on this report: Request Free Sample PDF

Companies Dominating the High Tibial Osteotomy Plates Landscape

top-features-companies
    • DePuy Synthes
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Arthrex, Inc.
    • Stryker Corporation
    • Zimmer Biomet Holdings, Inc.
    • 4WEB Medical
    • Smith & Nephew plc
    • The Orthopaedic Implant Company (OIC)
    • CONMED Corporation
    • Wright Medical Group N.V.
    • B. Braun SE

In-the-news

In The News

  • The Orthopaedic Implant Company (OIC) announced the launch of a high-value dorsal spanning plate to increase the impact of OIC's DRPx wrist fracture plating system and give medical professionals and institutions the opportunity to optimize processes and achieve clinical outcomes that are identical to those obtained with more costly implant systems.
  • 4WEB Medical an orthopedic implant device company obtained 510(k) clearance to market the 3D printed Cervical Spine Truss System (CSTS) Integrated Plating Solution, and two cervical interbody line extensions that will offer a range of cervical structures to suit different anatomical requirements.

Author Credits:  Radhika Gupta, Shivam Bhutani


  • Report ID: 5480
  • Published Date: Jan 03, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing burden of bone-related disorders across the globe and the growing technological advancements in osteotomy devices are the major factors driving the growth of the market.

The market size of high tibial osteotomy plates is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024-2036.

The major players in the market are Arthrex, Inc., Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew plc, CONMED Corporation, Wright Medical Group N.V., and others.

The open-wedge segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
High Tibial Osteotomy Plates Market Report Scope
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying