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.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~5% |
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Base Year Market Size (2023) |
~ USD 236 Million |
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Forecast Year Market Size (2036) |
~ USD 556 Million |
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Regional Scope |
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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:
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Technique |
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Material |
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End-User |
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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.
Author Credits: Radhika Gupta, Shivam Bhutani
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