With cases of bone-related disorders mounting worldwide, especially among geriatric patients, it is estimated that the high tibial osteotomy (HTO) plates industry may log lucrative growth between 2020-2027. As per a report published by Arthritis Foundation, in 2019, more than 200 million women suffered from osteoporosis globally. The report also stated that 1 in every 3 postmenopausal women suffer from osteoporosis in U.S. and Europe. The geriatric population base is also prone to suffer from such diseases. Rise in cases among the elderly could amp up the demand for HTO plates worldwide.
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The HTO plates market is classified into metals and polymers based on material. The metal segment accounted for more than 89% of the market share in 2020. This growth is mostly credited to the product’s features like stable fixation quality, lower rates of fracture, and flexibility & biocompatibility. All these features make metal HTO plates to be the standard choice and the most preferred plates by practitioners.
Metal HTO plates are further classified into titanium and stainless steel. Titanium HTO plates offer a design with 4-hole and are accessible with either a sloped or straight tooth to variate or preserve the native tibia. Stainless steel plates are also optimal for the anatomy where multiple bends or customization is required. All these features offered by metal high tibial osteotomy plates are further expected to spur its market share.
In terms of end-user, the high tibial osteotomy plates market is bifurcated into hospitals, clinics, and others. Availability of high-quality medical equipment, skilled orthopedic surgeons and advancement in medical technology may increase patient footfall across hospitals. Increasing hospital admissions for various surgeries and treatments including osteoarthritis (OA) and knee arthroplasty among others may favor HTO plates market expansion.
The HTO plates market is classified into closed wedge technique, chevron osteotomy, open wedge technique, dome technique, and progressive callus distraction based on type. The progressive callus distraction technique is widely used in ankle, foot, and lower leg surgeries. The technique aims at stimulating the proliferation of osteogenic elements. This is done by accelerating biosynthetic activity of the cellular components. Owing to its effectiveness, the use of progressive callus distraction technique is proffered for ankle, foot, and lower leg surgeries, soaring HTO plates demand. According to Global Market Insights, the progressive callus distraction segment in the high tibial osteotomy (HTO) plates market is estimated to reach USD 36.3 million by 2027.
Few of the prominent companies functioning in the HTO (high tibial osteotomy) plates market include Zimmer Biomet, Integra Lifesciences Corporation, Arthrex, Inc., and Smith & Nephew among others. These players are constantly focusing on taking multiple strategies such as expansion of business, acquisitions, and novel product launches to stay competitive and maintain business stability
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Partial Chapter of the Table of Content
Chapter 2 Executive Summary
2.1 High tibial osteotomy plates industry 360° synopsis, 2016 - 2027
2.1.1 Business trends
2.1.2 Technique trends
2.1.3 Material trends
2.1.4 End-use trends
2.1.5 Regional trends
Chapter 3 High Tibial Osteotomy Plates Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2016 - 2027
3.3 Industry impact forces
3.3.1 Growth drivers
188.8.131.52 Rising incidence of bone-related disorders
184.108.40.206 Growing geriatric population base
220.127.116.11 Increasing accidents and sports related injuries
3.3.2 Industry pitfalls & challenges
18.104.22.168 Surgical complications associated with HTO
22.214.171.124 Increasing preference for alternative treatment methods
3.4 Growth potential analysis
3.4.1 By technique
3.4.2 By material
3.4.3 By end-use
3.5 COVID-19 impact analysis
3.6 Porter's analysis
3.7 Competitive landscape, 2019
3.7.1 Company matrix analysis
3.8 PESTEL analysis