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High Tibial Osteotomy Plates Market Size By Technique (Open Wedge Technique, Closed Wedge Technique, Progressive Callus Distraction, Chevron Osteotomy, Dome Technique), By Material (Metals {Titanium, Stainless Steel}, Polymers), By End-use (Hospitals, Clinics), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Japan, China, India, Australia, Brazil, Mexico, South Africa, Saudi Arabia), Growth Potential, Competitive Market Share & Forecast, 2023 - 2032

  • Report ID: GMI3958
  • Published Date: Dec 2022
  • Report Format: PDF

Industry Statistics

High Tibial Osteotomy (HTO) Plates Market size was valued at over USD 226 million in 2022 and is projected to exhibit over 4% CAGR through 2023-2032, owing to the rising prevalence of bone-related disorders among the elder population.
 

High tibial osteotomy procedure has become a popular option to correct knee angular deformities among osteoarthritis patients. Degenerative bone diseases can lead to structural joint damage and inflammation. Since aging is also one of the risk factors for arthritis, most adults are diagnosed with this condition. Based on estimates from the European Occupational Disease Statistics, in the EU, nearly 78 million adults aged 18 years or above are expected to suffer from arthritis by 2040.
 

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Compartmental prosthetic replacement and unicompartmental knee arthroplasty are, however, emerging as attractive alternatives to high tibial osteotomy techniques for the treatment of osteoarthritis in elderly patients. There has also been a surge in awareness regarding common complications associated with HTO procedures such as valgus or varus overcorrection, arthrofibrosis, non-union injury, and extension loss. These challenges may hinder the development of HTO plates to some extent over the estimated timeline.
 

Closed wedge technique to gain traction as preferred HTO procedure for osteoarthritis treatment

High tibial osteotomy plates market size from the closed wedge technique segment is projected to be valued at USD 70 million by 2032. High accuracy in correcting both valgus and varus deformities in patients with isolated medical or lateral compartment gonarthrosis is a prominent reason driving the adoption of closed wedge osteotomy. This technique is also associated with improved patient functions and can ensure faster pain relief, further contributing to its widespread use in osteoarthritis treatment.
 

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Low stress-shielding effect to augment polymer-based HTO plate adoption

Based on the material, the high tibial osteotomy plates market share from the polymer segment is slated to depict more than 3% CAGR through 2023-2032. Polymer-based HTO plates are garnering significant attention due to their ability to reduce the stress-shielding effect, which refers to local bone demineralization caused by the alleviation of regular weight-bearing capabilities post-surgery. They also do not interfere with the radiological evaluation due to radiolucent properties and can degrade spontaneously after bone fracture repair, which will amplify the use of polymer-based plates in HTO procedures.
 

Reduced infection risks in osteotomy procedures spur HTO plate usage in clinic settings

High tibial osteotomy plates market from the clinics end-use segment is set to register over 5.5% CAGR through 2032, on account of the shortened patient stay. Early mobilization of patients and minimal risk of infections are among the prominent factors bolstering the demand for HTO treatment across clinic settings. To promote bone health, several organizations are also giving practices the opportunity to generate funding for the implementation of new clinical models. Such initiatives aimed at promoting healthy bone aging will proliferate the production of high tibial osteotomy plates for use in clinics.
 

Increase in geriatric population to create lucrative prospects for HTO plates manufacturers in Europe

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Europe high tibial osteotomy plates market is projected to cross USD 107.5 million by 2032, due to the expanding elderly population. Based on a WHO report, in Europe, people aged above 60 years are likely to account for over 20% of the total population by 2050. Among these, approximately 15% are estimated to be diagnosed with symptomatic osteoarthritis. Moreover, the escalating healthcare expenditure in countries including Germany and France will amplify high tibial osteotomy plate production across Europe.
 

Innovative product launch strategies to define the competitive landscape

The competitive landscape of the HTO plates market is inclusive of Zimmer Biomet, Integra Lifesciences Corporation, Smith & Nephew, Amplitude Surgical, Neosteo, Intercus, Hankiltech Medical Co., Ltd., SBM France, Arthrex, Inc., and SOFEMED International, among other companies. These players are focusing on new system launches and business expansions to reinforce their footprint in the global market.
 

Impact of COVID-19 on high tibial osteotomy plates market trends

The imposition of lockdowns and other restrictions to limit the spread of coronavirus has asserted an adverse impact on the healthcare industry. Since the onset of the pandemic, healthcare providers had delayed or postponed elective surgical procedures, including knee arthroplasty procedures, to accommodate the increase in COVID-19 patient admissions. These factors may have hampered industry development to a certain extent. However, the adoption of less active lifestyles during the lockdown will increase the need for orthopedic implants for knee surgery and consequently fuel high tibial osteotomy plate development over the forecast period.
 

High tibial osteotomy plates market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments:

By Technique

  • Open Wedge Technique
  • Closed Wedge Technique
  • Progressive Callus Distraction
  • Chevron Osteotomy
  • Dome Technique

By Material

  • Metals
    • Titanium
    • Stainless Steel
  • Polymer

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

 

Authors: Rupali Swain, Subodh Kharad

Frequently Asked Questions (FAQ) :

The global market for high tibial osteotomy plates was valued at over USD 226 million in 2022 and is set to exhibit over 4% CAGR through 2023-2032, given the rising prevalence of bone-related disorders among the elderly population.
Polymer segment is slated to depict more than 3% CAGR through 2023-2032, owing to its ability to reduce stress-shielding effect and non-interference with the radiological evaluation.
Europe HTO plates market is projected to cross USD 107.5 million by 2032, due to the increase in the elderly population susceptible to bone-related disorders.
Zimmer Biomet, Integra Lifesciences Corporation, Smith & Nephew, Amplitude Surgical, Neosteo, Intercus, SBM France, Arthrex, Inc., and SOFEMED International are some of the key players operating in the high tibial osteotomy plates market.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 11
  • Tables & Figures: 220
  • Countries covered: 15
  • Pages: 115
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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