High Tibial Osteotomy (HTO) Plates Market Size By Technique (Open Wedge Technique, Closed Wedge Technique, Progressive Callus Distraction, Chevron Osteotomy, Dome Technique), By Material (Metal {Titanium, Stainless Steel}, Polymer), By End-use (Hospitals, Clinics), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Published Date: Feb 2021  |  Report ID: GMI3958  |  Authors: Sumant Ugalmugle, Rupali Swain

Report Format: PDF   |   Pages: 115   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry trends

High Tibial Osteotomy (HTO) Plates Market size exceeded USD 74.1 million in 2020 and is estimated to grow at over 6.2% CAGR between 2021 and 2027. High tibial osteotomy (HTO) is a common orthopaedic procedure intended to treat symptomatic osteoarthritis of the medial compartment of the knee with varus alignment. The HTO procedure is widely used in the treatment of knee arthrosis. Furthermore, various HTO techniques include open wedge technique, closed wedge technique, and progressive callus distraction among others.
 

High Tibial Osteotomy (HTO) Plates Market

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Increasing geriatric population base that are prone to various bone-related disorders will spur the market growth. Rise in incidence and prevalence of arthritis among individuals is expected to boost the market expansion during the forecast timeframe. According to the Centers for Diseases Control and Prevention (CDC), approximately 54.4 million U.S. adults have one or other form of arthritis. Also, nearly 78 million adults aged above 28 will be diagnosed with arthritis in the U.S. by 2040. Thus, rising number of bone-related disorders will drive the adoption rate.
 

The spread of COVID-19 pandemic across the globe has impacted the high tibial osteotomy plates market negatively. Increase in number of COVID-19 infections across several countries has resulted in imposing of lockdown and delaying or postponing the non-essential surgical procedures. The knee arthroplasty procedure is not one of the critical or life-saving procedure and hence, comes under elective surgical procedures. Several countries across the globe are focusing on severe and life-threatening health conditions other than elective surgeries. The aforementioned factors decreased the number of surgeries and resulted in negatively affecting the market demand in 2020.
 

Growing prevalence of bone-related diseases such as osteoarthritis and rheumatoid arthritis will positively influence the market revenue

Musculoskeletal condition (MSC) is the most common cause of severe long-term pain and disability in Europe that will foster the market value. Also, the degenerative bone disease results in inflammation and structural joint damage. According to the European Occupational Disease Statistics (EODS), more than 50% of European populations aged 65 years and above are affected by one kind off MSC. The report also slated that nearly 78 million (26%) of EU adults aged 18 years or older are projected to have doctor-diagnosed arthritis by 2040. This indicates that there will be a huge patient pool suffering from bone-related diseases. Such high prevalence of the disease will increase the high tibial osteotomy plates demand.
 

Increasing preference for alternative treatment method or therapies will hinder the market size

Unicompartmental knee arthroplasty and compartmental prosthetic replacement among others are the few alternatives to high tibial osteotomy procedures. The compartmental prosthetic replacement offers an attractive alternative to high tibial osteotomy for the treatment of unicompartmental osteoarthritis in the elderly patients. Also, there is a significant gap between the patient recovery time that will hamper the market share. For instance, the high tibial osteotomy patient recovers and is able to walk within 4 to 8 weeks after the surgery, whereas, the compartmental prosthetic replacement patient takes around 3 to 4 weeks. Therefore, owing to the above factors, patients prefer alternative methods or therapies, thereby decreasing the acceptance rate of HTO plates and hampering the market growth.
 

Open-wedge technique is an effective procedure for restoring the coronal alignment & proximal tibiofibular joint that will augment the segment growth

HTO Plates Market Share

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The open-wedge technique segment held 52.8% of the HTO plates market share in 2020. Open wedge procedure involves few dissections and single bone cutting that increases patient recovery and compliance. This is due to effectiveness and simplicity of the procedure. Therefore, open-wedge technique is an effective procedure for restoring the coronal alignment & proximal tibiofibular joint, thereby fuelling the segment expansion. In addition, fewer complications and high survival rate of open wedge will further increase the adoption rate, thereby supplementing the industry revenue during the forecast period.
 

Metals are mostly preferred and standard choice of material for the development of high tibial osteotomy plates

The metal segment accounted for USD 66.4 million in 2020. Metals are mostly preferred and standard choice of material for the development of HTO plates. These metal plates provide stable fixation that reduces the risk of non-union after HTO procedure. Furthermore, metal plates are widely used to hold the wedged-open tibia in place while the bone heals. Thus, usage of metal plates in various HTO procedures will boost the high tibial osteotomy plates demand.
 

Presence of advance medical equipment coupled with increasing number of knee surgeries in hospital setting will propel the segment value

The hospitals segment in the HTO plates market is poised to showcase 5.8% growth rate till 2027. Increasing prevalence of osteoarthritis and knee surgeries in hospital setting will augment the industry revenue. For instance, it is predicted that approximately 750,000 arthroscopic surgeries are performed in the U.S. every year. Additionally, presence of advanced medical equipment, skilled orthopaedic surgeons and advanced technology will further increase the preference of patients towards hospital, thereby fostering the market revenue.
 

Presence of major markets players and well-established healthcare infrastructure in North America region will spur the demand for high tibial osteotomy plates

North America High Tibial Osteotomy Plates Market

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North America high tibial osteotomy plates market size was USD 36.6 million in 2020 owing to the presence of well-established healthcare infrastructure and major market leaders in the region. Moreover, high prevalence of osteoarthritis in the region and a high number of arthroscopic surgeries will impel the demand for high tibial osteotomy plates.
 

Acceptance of business strategies will pave growth opportunities for companies operating in the market

Prominent participants operating in the market include Zimmer Biomet, Smith & Nephew, Integra Lifesciences, and Arthrex, among others. New product launch, partnerships and collaboration are the most commonly adopted business strategies to sustain the market competition.
 

Some of the recent industry developments:

  • In October 2019, Zimmer Biomet launched the Stratum Foot Plating System. The system with screws and plate construct is indicated for the fixation of osteotomies, non-unions and for fractures. This strategy enabled company to expand its product portfolio and customer base in the market.
     
  • In October 2017, Arthrex announced plans to build state-of-the-art surgical device and implant manufacturing facility in North Carolina. The facility was intended to support the innovation and development of new products including high tibial osteotomy plates. This strategy helped company to enhance their product portfolio and expand their market growth as well as outreach to untapped economies.
     

The HTO plates market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027, for the following segments:
 

Market, By Technique

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

Market, By Material

  • Metal
  • Polymer

Market, By End-use

  • 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
    • China
    • India
    • Japan
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
       

Frequently Asked Questions (FAQ) :

The global HTO plates industry size had crossed USD 74.1 million in 2020 and is expected to record more than 6.2% CAGR between 2021-2027.
Around 52.8% share of HTO plates market was held by the open-wedge technique segment in 2020 owing to benefits like improved patient recovery and compliance.
The industry share from metal materials segment had reached USD 66.4 million during 2020, being the standard choice for the development of high tibial osteotomy plates.
The HTO plates market share from hospital end-user segment is projected to witness around 5.8% CAGR through 2027 with surging prevalence of osteoarthritis and resulting surgeries.
North America HTO plates industry size was recorded at USD 36.6 million in 2020 and will expand due to the presence of a robust healthcare infrastructure and key product manufacturers and suppliers.

Premium Report Details

  • Published Date: Feb 2021
  • Pages: 115
  • Tables: 201
  • Charts / Figures: 16
  • Companies covered: 11
  • Countries covered: 15

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