High Tibial Osteotomy Plates Market Analysis

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

High Tibial Osteotomy Plates Market Analysis

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

Browse Key Market Insights with Data Illustration:


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.
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