High Tibial Osteotomy (HTO) Plates Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026

Report ID: GMI3958

Summary Methodology

High Tibial Osteotomy (HTO) Plates Market size is projected to experience significant growth from 2019 to 2025.

Growing predominance of orthopedic conditions including arthritis, bursitis, fractures owing to rise in geriatric population and road accidents will stimulate global high tibial osteotomy (HTO) plates market growth in the upcoming years. According to the Centers for Disease Control and Prevention, approximately 54.4 million people suffered from osteoarthritis during 2013-2015 in the United States. With growing bone-related diseases, the demand for knee surgeries will increase, thereby increasing the demand for HTO plates market in the future.

Increasing awareness regarding the high tibial osteotomy techniques amongst people will supplement the growth of the market in the coming years. Additionally, high preference of open wedge osteotomy technique in the treatment of arthrosis will further spur the demand of plates, thus boosting the market growth. Increasing geriatric population susceptible to osteoarthritis will further increase disease prevalence, thus fostering HTO plates market growth in the forthcoming period.

However, high-cost of the osteotomy surgeries and appropriate patient selection for the procedure will negatively impact the industry growth.

Open wedge osteotomy technique will hold a significant revenue size over the forecast years. The growth will be attributed to the simplicity and effectiveness of the procedure. The procedure involves single bone cutting and a few dissections that increases patient compliance and recovery. Additionally, high survival rates and fewer complications of open wedge technique will further escalate the adoption rate, thereby stimulating segmental growth in the upcoming years.

Metal HTO plates segment will dominate the market in the coming years. Metals are highly preferred material for the development of plates. Moreover, metal plates provide stale fixation that reduces the risk of nonunion after HTO procedure. However, several disadvantages such as hardware irritation and interference of details on magnetic resonance imaging will limit the growth of metallic osteotomy plates.

Use of high tibial osteotomy (HTO) plates in the hospital segment is expected to grow in the coming years owing to the high prevalence of osteoarthritis and increasing knee surgeries performed. It is estimated that 750,000 arthroscopic surgeries are performed in the United States every year. Additionally, presence of advanced technology, medical equipment and skilled orthopedic surgeons will further increase the preference of patient towards hospital.

U.S. high tibial osteotomy (HTO) plates market will grow at a significant pace owing to the presence of well-established healthcare infrastructure. High prevalence of osteoarthritis in the region and a high number of arthroscopic surgeries will spur the demand for high tibial osteotomy plates. According to the Centers of Disease Control and Prevention, osteoarthritis is anticipated to affect more than 60 million Americans by 2020.  Moreover, low cost of HTO procedure and increasing preference of plates in osteoarthritis surgeries will further pose lucrative market growth opportunity in the foreseeable future.

India HTO plates market is expected to grow at a significant pace over the foreseeable future due to expanding geriatric population pool susceptible to arthritis. According to the National Health Portal of India, osteoarthritis is the most common rheumatological problem affecting almost 22 to 39% of the Indian population. The incidence of osteoarthritis in India is increasing due to aging and sedentary lifestyle. Additionally, improvement in healthcare infrastructure and increase in healthcare expenditure will further pose lucrative market growth opportunity in the forecast period.

Some of the major market key players involved in the global high tibial osteotomy (HTO) plates market are Arthrex, Inc., SOFEMED International, SBM France, Hankil Tech Medical Co., Ltd, DePuy Synthes among others. Firms are investing in research and development activities as well as adopting business strategies such as acquisitions and collaborations to broaden their market share and product portfolio. For instance, in March 2016, Arthrex, Inc. signed a long-term agreement with LifeNet Health to strengthen the orthopedic product portfolio. 

High Tibial Osteotomy (HTO) Plates Market by Technique, 2014-2025 (USD Million)

  • Open wedge technique
  • Closed wedge technique
  • Progressive callus distraction
  • Chevron osteotomy
  • Dome technique

High Tibial Osteotomy (HTO) Plates Market by Material, 2014-2025 (USD Million)

  • Metals
    • Titanium
    • Stainless steel
  • Polymers

High Tibial Osteotomy (HTO) Plates Market by End-Use, 2014-2025 (USD Million)

  • Hospitals
  • Clinics
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
  • Latin America
    • Mexico
    • Brazil
  • Middle East and Africa
    • South Africa
    • Saudi Arabia

Company Profiles:

  • Arthrex, Inc.
  • SOFEMED International
  • SBM France
  • Hankil Tech Medical Co., Ltd
  • Intercus
  • Neosteo
  • Amplitude
  • Smith & Nephew
  • Integra LifeSciences Corporation
  • TriMed, Inc.
  • OrthoPediatrics Corp.
  • Zimmer Biomet
  • Stryker Corporation
  • Wright Medical Group N.V.
  • DePuy Synthes (Johnson & Johnson)
  • Securos Surgical (AmerisourceBergen Corporation)

What Information does this report contain?

Historical data coverage: 2015 to 2019; Growth Projections: 2020 to 2026.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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