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High Tibial Osteotomy Plates Market - By Technique (Open Wedge Technique, Closed Wedge Technique, Progressive Callus Distraction, Chevron Osteotomy, Dome Technique), By Material (Metal, Polymer), By End-use (Hospitals, Clinics), By Region - Global Forecast to 2032

  • Report ID: GMI3958
  • Published Date: Mar 2023
  • Report Format: PDF

High Tibial Osteotomy Plates Market Size

High Tibial Osteotomy Plates Market size accounted for USD 226.4 million in 2022 and is estimated to grow at over 4.3% CAGR between 2023 and 2032. Increasing geriatric population base that are prone to various bone-related disorders will spur the global market growth.
 

High Tibial Osteotomy (HTO) Plates Market

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Increase in incidence and prevalence of arthritis among individuals is expected to boost the market expansion during the analysis timeframe. For instance, 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 boost the adoption rate, thereby fostering the industry statistics.
 

High tibial osteotomy (HTO) is one of the common orthopaedic procedures which is intended to treat symptomatic osteoarthritis of the medial compartment of 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 Plates Market Trends

Musculoskeletal condition (MSC) is the most common cause of severe long-term pain and disability in Europe that will foster the high tibial osteotomy plates market growth. Also, the degenerative bone disease results in inflammation and structural joint damage. For instance, 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 estimated that, around 78 million (26%) of European 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 high tibial osteotomy plates market growth

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 growth. 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 adoption rate of HTO plates and hampering the market expansion.
 

High Tibial Osteotomy Plates Market Analysis

High Tibial Osteotomy Plates Market Share

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High tibial osteotomy plates market from open-wedge technique segment accounted for business share of 53% in 2022 and is estimated to show significant growth during the forecast timeframe. 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 fostering the segmental demand. Furthermore, fewer complications and high survival rate of open wedge will further increase the adoption rate, thereby supplementing the market growth during the analysis timeframe.
 

Based on material, the high tibial osteotomy plates market is divided into metal and polymer. The metal segment is expected to reach USD 322.2 million by 2032 growing at a CAGR of 4.4%. 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. Additionally, 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.
 

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global high tibial osteotomy plates market was valued at USD 226.4 million in 2022 and is poised to witness a 4.3% CAGR between 2023 and 2032, attributed to the expanding geriatric population base and their higher susceptibility to acquiring several bone disorders.
The open-wedge technique segment amassed an estimated 53% of the high tibial osteotomy plates market share in 2022, owing to the involvement of a few dissections and single bone cutting in the given procedure that ensures faster patient recovery and compliance.
The hospitals segment is projected to observe a 3.9% CAGR from 2023 to 2032, given the surging incidences of knee surgeries and the increasing number of patients undergoing treatment for osteoarthritis in hospital settings.
North America high tibial osteotomy market garnered USD 101.2 million in revenues in 2022 credited to the well-developed healthcare infrastructure and presence of key manufacturing facilities in the region.

High Tibial Osteotomy Plates Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 11
  • Tables & Figures: 220
  • Countries covered: 15
  • Pages: 115
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