High Tibial Osteotomy Plates Market Trends

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.