High Tibial Osteotomy Plates Market Analysis | 2022-2028

Market Insights

The High Tibial Osteotomy Plates Market was estimated at US$ 284.06 million in 2021 and is expected to grow at a CAGR of 4.41% during 2022-2028 to reach US$ ~348.20 million in 2028.

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What is high tibial osteotomy?

High tibial osteotomy is a surgical procedure that involves cutting and repositioning the upper part of the shinbone (tibia) to redistribute weight and alleviate pressure on damaged or arthritic knee joints. It is a common orthopaedic treatment used to treat medial compartment osteoarthritis in patients with varus alignment. In the management of knee arthrosis, the HTO procedure is frequently employed. The open wedge method closed wedge technique, and progressive callus distraction are just a few of the different HTO approaches.

Market Dynamics

The growth of the high tibial osteotomy plates market can be attributed to several factors, including-

• The high tibial osteotomy plates market will develop as the number of elderly people who are susceptible to certain bone-related ailments rises.
• During the anticipated period, an increase in the incidence and prevalence of arthritis among people is anticipated to fuel market growth.

The Centers for Disease Control and Prevention (CDC) estimates that 54.4 million persons in the United States have arthritis of some kind. By 2040, there will be 78 million persons in the U.S. who are over 28 and have been diagnosed with arthritis. Therefore, an increase in bone-related illnesses will increase adoption.

The limited alternatives to high tibial osteotomy operations include compartmental prosthesis replacement and unicompartmental knee arthroplasty. When treating older individuals with unicompartmental osteoarthritis, the compartmental prosthetic replacement presents a desirable option to high tibial osteotomy. Additionally, there is a sizable difference in patient recovery times, which will hurt the market share. For example, a patient with a high tibial osteotomy recovers and may walk within 4 to 8 weeks of the procedure, whereas a patient with a compartmental prosthesis replacement takes about 3 to 4 weeks. As a result of the aforementioned problems, patients favor alternative treatments or approaches, which lowers the acceptance rate of HTO plates and hinders the market's expansion.

Several investments/guidelines in the industry have been directed in recent years, which would boost the overall market. Some of them are:

• The most frequent reason for severe, ongoing pain and impairment in Europe that will increase market value is a musculoskeletal condition (MSC). Inflammation and structural joint deterioration are additional effects of degenerative bone disease. Over 50% of Europeans 65 and older are afflicted by one type of MSC, according to the European Occupational Disease Statistics (EODS). The survey predicted that by 2040, approximately 78 million (26%) EU persons who are 18 years of age or older will have arthritis that has been officially diagnosed by a doctor. This suggests that there will be a sizable patient population with bone-related illnesses. The significant demand for tibial osteotomy plates will rise as a result of the disease's high prevalence.

Segments Analysis

By Technique Type

The high tibial osteotomy plates market is bifurcated into open wedge technique, closed wedge technique, progressive callus distraction, chevron osteotomy, and dome technique. In 2021, the open-wedge technique category accounted for a sizable portion of the market for HTO plates. Few dissections and a single bone are sliced during an open wedge surgery, which improves patient compliance and recovery. This is because the process is straightforward and effective. To fuel segment extension, the open-wedge approach is a successful procedure for reestablishing coronal alignment and the proximal tibiofibular joint. Additionally, the open wedge will have fewer issues and a higher survival rate, which will further promote acceptance and boost industry revenue during the forecast period.

By Material Type

The high tibial osteotomy plates market has been divided into metal and polymer. In 2021, the metal segment held the most market share. For the creation of HTO plates, metals are the material of choice and the majority preference. After an HTO operation, these metal plates offer solid fixation that lowers the chance of non-union. Additionally, it is common practice to utilize metal plates to keep the wedged-open tibia in place while the bone heals. As a result, the demand for high tibial osteotomy plates will increase due to the use of metal plates in various HTO operations.

By End-User Type

The hospital sector led the global high tibial osteotomy plates market in terms of end users. The market has been divided into several sub-segments, including hospitals, clinics, and others. Up until 2028, the HTO plates market's hospitals sector is anticipated to develop at the fastest rate. The frequency of osteoarthritis is rising, and hospital settings are seeing an increase in knee procedures. For instance, it's estimated that every year in the U.S., there would be around 750,000 arthroscopic procedures. Furthermore, the availability of cutting-edge medical technology, qualified orthopaedic surgeons, and advanced equipment would further improve patients' preference for hospitals, supporting market revenue.

Regional Analysis

The high tibial osteotomy plates market is broken down geographically into areas like North America, Europe, Asia-Pacific, and the Rest of the World (RoW). Due to the region's established healthcare infrastructure and significant industry leaders, North America maintained the largest market share for high tibial osteotomy plates in 2021. The need for high tibial osteotomy plates will also be driven by the high rates of osteoarthritis in the area and the large volume of arthroscopic procedures.

Key Players

The overall competitive landscape has been affected due to these mergers and acquisitions. The following are the major players in the high tibial osteotomy plates market:

• Acumed
• AMPLITUDE
• Arthrex, Inc.
• B. Braun Melsungen AG
• Integra LifeSciences
• INTERCUS GmbH
• Johnson & Johnson
• NEOSTEO
• NEWCLIP TECHNICS
• Novastep Inc.
• SBM France
• Smith & Nephew
• Stryker Corporation
• Zimmer Biomet

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Company Profiling

• Detailed profiling of additional market players (up to three players)
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Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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Recent Developments

With the existence of numerous worldwide and international market competitors, the high tibial osteotomy plate market is almost fully consolidated. The major players are implementing a variety of growth methods to improve their market presence, including alliances, contracts, collaborations, the introduction of new products, geographic expansions, mergers, and acquisitions. For example:

• In November 2020, the acquisition of GROUPE FH ORTHO by Olympus Corporation was announced. By extending the distribution of both Olympus' orthopaedic products through GROUPE FH ORTHO's current distribution channels and particular products in Japan, the acquisition of GROUPE FH ORTHO boosted the sales channels.
• In September 2020, the extremities orthopaedics division of Integra LifeSciences Holdings Corporation was purchased by Smith & Nephew. By adding a targeted sales channel to the product pipeline, the acquisition improved the company's business.
• In October 2019, the Stratum Foot Plating System was introduced by the US-based Zimmer Biomet. The fixing of osteotomies, fractures, and non-unions is recommended for the system with plate and screw construction. The goal of this strategy development is to make it possible for the business to grow its consumer base and product line.
• In October 2017, the construction of a cutting-edge surgical device and implant manufacturing facility in North Carolina was announced by Arthrex Inc. (US). High tibial osteotomy (HTO) plates were among the new and innovative goods that were to be developed at the facility. The company's product portfolio has been improved thanks to this strategy, which has also helped it increase its market share in emerging markets.