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High Tibial Osteotomy Plates Market

High Tibial Osteotomy Plates Market by Material (Metals and Polymers) and Technique (Open Wedge Technique, Closed Wedge Technique, and Other): Global Opportunity Analysis and Industry Forecast, 2021–2030

✷  A04711
Pages: 139
Feb 2022 | 9249 Views
Author(s) : Shraddha Mali, Madhuvanti Divekar , Onkar Sumant
Tables: 92
Charts: 43
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High Tibial Osteotomy Plates Market Statistics- 2030

The global high tibial osteotomy plates market at was valued at $302.3 million in 2020, and is estimated to reach $398.68 million by 2030, growing at a CAGR of 2.8% from 2021 to 2030. High tibial osteotomy is an orthopedic surgical procedure used to treat a varus deformity caused by compartmental osteoarthritis. It is increasingly being used to treat knee arthrosis. The procedure's goal is to realign the knee's weight-bearing line. High tibia osteotomy (HTO) is intended to shift the mechanical axis of the knee from medial to slightly lateral to the midline, thereby reducing load and postponing osteoarthritis.

The global high tibial osteotomy plates market declined in 2020 due to the global economic recession led by the COVID-19 pandemic. The non-essential procedures took a potential backlog due to the rapid rise in COVID-19 cases. Orthopedics procedures, majorly being elective, as a result lowered during the pandemic. Thus, the outbreak of COVID-19 has negatively impacted the high tibial osteotomy plates market.

Proper patient selection and surgical technique is the key to high tibial osteotomy procedure. HTO appears to be a more sensible option for many younger patients with high functional activity needs. The most common cause of high tibial osteotomy is primary or secondary medial compartment degenerative arthritis. 

The growth of the high tibial osteotomy plates market is majorly driven due to rise in prevalence of bone-associated disorders globally. A wide variety of bone-related diseases such as, arthritis, osteoporosis, rickets, osteomalacia, and osteogenesis imperfecta are on the rise among people globally. These bone diseases weaken bone and cause fractures, which dramatically affect the functional status of the human body causing significant pain, difficulty to stand and walk. As a result, the rise in the bone-associated disorders is expected to drive the market growth.

Technological advancements in the high tibial osteotomy plates market further boosts the market growth. HTO has been adopted as an effective surgery for medial degeneration of the osteoarthritis (OA) knee. In addition, HTO is considered as one of the best joint preservation procedures for knee arthritis. Interests in HTO as an adjunctive procedure has increased recently due to technical advances in cartilage healing procedures and meniscal transplantation, thus propelling the market growth.

In addition, the geriatric population continues to grow at an unprecedented rate and the proportion of elderly population is more prone to bone disease, especially osteoporosis and fractures. This is because the density of bones begins to diminish with growing age in men and women, resulting in fragile bones, which are projected to break. Hence, increase in geriatric population increases the number of osteoarthritis treatment procedures, which in turn fuels the demand for high tibial osteotomy plates, boosting its market growth.

Moreover, increase in the number of road accidents leading to fractures, also drives the market. However, high costs associated with HTO procedure and surgical complications along with the increase in preference for alternative treatment methods are expected to restrain the growth of the market.

Considerable rise in healthcare expenditure globally further fuels the growth of the high tibial osteotomy plates market. The healthcare infrastructure in emerging nations grows at a significant rate due to rise in demand for better healthcare services, significant investments by government to improve healthcare infrastructure, increase in disposable income, and growth of the medical tourism industry in emerging countries. Such factors offer lucrative opportunities for the market and great opportunities for the key players to invest.

In addition, the COVID-19 outbreak is anticipated to have a negative impact on the high tibial osteotomy plates market. A huge number of clinics and hospitals across the globe were restructured to increase the hospital capacity for patients diagnosed with COVID-19. The non-essential procedures took a potential backlog due to the rapid rise in COVID-19 cases. The lockdown led to the disruption of manufacturing and transportation of healthcare essentials. Orthopedics procedures, majorly being elective, as a result lowered during the pandemic. However, rise in vaccination rates is expected to bring stabilization to the market during the forecast period.

High Tibial Osteotomy Plates Market
By Material

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Metals holds a dominant position in 2020 and would continue to maintain the lead over the forecast period.

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High Tibial Osteotomy Plates Market Segmentation

The high tibial osteotomy plates market is segmented on the basis of material, technique, and region. By material, the market is bifurcated into metals and polymers. By technique, it is classified into open wedged technique, closed wedge technique, and others. 

On the basis of region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Spain, Italy and rest of Europe), Asia-Pacific (Japan, China, India, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa and rest of LAMEA).

Segment Review

On the basis of material, the metals segment dominated the market in 2020, and is expected to continue this trend during the forecast period owing to its high preferability due to its fixation stability advantage.

High Tibial Osteotomy Plates Market
By Technique

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Closed wedged technique segment is projected as one of the most lucrative segment.

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On the basis of technique, the open wedge technique segment dominated the market in 2020, and is expected to continue this trend during the forecast period owing to its few dissections, its effectiveness and simplicity of the procedure.

North America accounted for a majority of the global high tibial osteotomy plates market share in 2020, and is anticipated to remain dominant during the forecast period. This is attributed to a significant rise in the number of osteoporosis and osteoarthritis, adoption of technologically advanced treatments, presence of key players, and rise healthcare expenditure in the region. However, Asia-Pacific is anticipated to witness notable growth, owing to its high geriatric population base and increase in disposable incomes. Moreover, India and China are expected to grow at high CAGR in the Asia-Pacific high tibial osteotomy plates market.   

The key players operating in the global high tibial osteotomy plates market are Aap Implantate AG, Amplitude Surgical, Arthrex, Inc., B. Braun Holding GmbH & Co. KG, Intercus Gmbh, Johnson & Johnson (Depuy Synthes), Newclip Technics, Smith & Nephew Plc, Stryker Corporation (Wright Medical Group N.V.), and Zimmer Biomet Holdings, Inc.    

High Tibial Osteotomy Plates Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 4.6% during the forecast period.

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Key Benefits For Stakeholders

  • The study provides an in-depth analysis of the high tibial osteotomy plates market, current trends, and future estimations to elucidate the imminent investment pockets.
  • It presents a quantitative analysis of the market from 2021 to 2030 to enable stakeholders to capitalize on the prevailing market opportunities.
  • Extensive analysis of the market based on procedures and services assists to understand the trends in the industry.
  • Key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

Key Market Segments

Segments Sub-segments
By Material
  • Metal
  • Polymer

By Technique
  • Open Wedge Technique
  • Closed Wedge Technique
  • Other

By Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

KEY MARKET PLAYERS
  • Aap Implantate AG
  • Amplitude Surgical
  • Arthrex, Inc.
  • B. Braun Holding GmbH & Co. KG,
  • Intercus Gmbh,
  • Johnson & Johnson (Depuy Synthes)
  • Newclip Technics
  • Smith & Nephew Plc
  • Stryker Corporation (Wright Medical Group N.V.)
  • Zimmer Biomet Holdings, Inc.

 

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The adoption of high tibial osteotomy (HTO) procedures has increased significantly globally. Therefore, development of effective osteotomy plates is required to yield good long-term results. The procedure uses osteotomy plates to fix fractures or impaired bones by cutting the bones and then requires careful planning for placing the plates.

Furthermore, increase in incidence of bone-related disorders, the advent of better osteotomy plates such as biocompatible plates, rise in geriatric population, and surge in prevalence of surgical procedures drive the growth of the high tibial osteotomy plates market. Moreover, global surge in road accidents leading to fractures further increases the demand for HTO plates and drives the market growth.

North America accounts for the highest share in the market owing to high demand for technologically innovative products and presence of better healthcare centers. Asia-Pacific possesses high market potential, especially emerging economies (such as China & India), owing to increase in healthcare expenditure and growth in geriatric population coupled with high prevalence of bone impairments. The key players operating in the market are substantially investing in the development of polymeric HTO plates to provide the same efficiency as metal plates that are predominantly used across maximum HTO procedures. This is expected to drive the market growth in the near future.

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FREQUENTLY ASKED QUESTIONS?

A. The total market value of high tibial osteotomy plates market is $302.3 million in 2020.

A. The forecast period for high tibial osteotomy plates market is 2021 to 2030

A. The market value of high tibial osteotomy plates market in 2021 is $311.37 million.

A. The base year is 2020 in high tibial osteotomy plates market

A. Top companies such as Aap Implantate AG, Amplitude Surgical, Arthrex, Inc., B. Braun Holding GmbH & Co. KG, Intercus Gmbh, Johnson & Johnson (Depuy Synthes), Newclip Technics, Smith & Nephew Plc, Stryker Corporation (Wright Medical Group N.V.), and Zimmer Biomet Holdings, Inc., held a high market position in 2020.

A. Metals segment dominated the global market in 2020, and expected to continue this trend throughout the forecast period due to its higher fixation stability as compared to others and thus its wider use is expected to drive the segment

A. Increase in prevalence of bone-associated disorders, rise in geriatric population and surge in fractures and road accidents is anticipated to drive the market in the forecast period.

A. North America is projected to account for a major share of the global high tibial osteotomy plates market during the forecast period. U.S. dominated the North America high tibial osteotomy plates market owing to significant rise in the number of osteoporosis and osteoarthritis, adoption of technologically advanced treatments, presence of key players, and rise in healthcare expenditure in across the country.

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