Product Code: LI_185073 / A04711
The global high tibial osteotomy plates market at was valued at $302.3 million in 2020, and is estimated to reach $398.68 million by 2030, growing at a CAGR of 2.8% from 2021 to 2030.
A high tibial osteotomy is a surgical procedure used to treat a varus deformity caused by compartmental osteoarthritis. High tibial osteotomy (HTO) is a popular procedure for treating medial knee arthrosis. HTO is used in clinical practice for years and consists primarily of two major techniques, such as closed wedge high tibial osteotomy (CWHTO) and open wedge high tibial osteotomy (OWHTO).
High tibial osteotomy aims to realign the knee's weight-bearing line. The force produced by weight-bearing is shifted from the arthritic, medial compartment to the healthy, lateral compartment by realigning the knee. This reduction in force or load in the diseased part of the knee joint reduces knee pain and can delay the development or progression of medial compartment osteoarthritis.
The high tibial osteotomy plates market is majorly driven by the increase in the geriatric population and rise in the incidence rate of bone-related diseases caused by improper diet or unhealthy lifestyle. In addition, rise in number of road accidents, surge in fractures of extremities, and high adoption of surgical procedures for safer diagnosis and treatment of bone-related diseases are factors that are expected to boost the market growth during the forecast period.
For instance, according to the Centers for Disease Control and Prevention (CDC), it is estimated that 1 in 4 (or 54.4 million) U.S. adults have some form of arthritis, a figure that is projected to reach 78 million by the year 2040. While there are more than 100 types of arthritis, osteoarthritis is the most common form of arthritis, affecting about 32.5 million US adults. Thus, surge in osteoarthritis cases is expected to boost the high tibial osteotomy plates market growth.
In addition, the rise in prevalence of musculoskeletal conditions further increases the number of high tibial osteotomy surgeries. If osteoarthritis has damaged one side of the knee, a high tibial osteotomy is performed to reshape the tibia and relieve pressure. As a result, patients with musculoskeletal disorders such as Blount's disease and knee osteoarthritis are advised to undergo high tibial osteotomy surgery. For instance, according to the World Health Organization (WHO) in February 2021, approximately 1.71 billion people had musculoskeletal conditions globally. Thus, the aforementioned factors significantly boost the market growth.
However, expensive procedural cost of osteotomy surgeries and adverse effects associated with the use of plates are expected to hamper the market growth.
Market players have invested to develop high tibial osteotomy products that aid in open wedge, close wedge, dome osteotomy, progressive callus distraction using an external fixator, and chevron osteotomy methods. For instance, Arthrex Inc., offers tibial opening wedge osteotomy plates, namely ContourLock HTO Plates, in titanium as well as stainless steel. Smith & Nephew Plc., offers the PERI-LOC VLP plate. These wide range of product offerings by market players have further increased the accessibility of HTO plates across different regions, further fueling the market growth.
In addition, the COVID-19 outbreak is anticipated to have a negative impact on the high tibial osteotomy plates market. Huge number of clinics and hospitals across the globe were restructured to increase the hospital capacity for patients diagnosed with COVID-19. The non-essential procedures took a potential backlog due to the rapid rise in COVID-19 cases. The lockdown led to the disruption of manufacturing and transportation of healthcare essentials. Orthopedics procedures majorly being elective, were lowered during the pandemic. However, rise in vaccination rates is expected to bring stabilization to the market during the forecast period.
In addition, in January 2021, Smith & Nephew Plc., announced that it completed the acquisition of the extremity orthopedics business of Integra LifeSciences Holdings Corporation for $240 million. As a result of this acquisition, the company's extremities business will be significantly strengthened by the addition of a focused sales channel, a complementary shoulder replacement and upper and lower extremities portfolio, and an exciting new product pipeline. Thus, the aforementioned factors are anticipated to increase the demand for high tibial osteotomy and thus, contribute towards the market growth.
Furthermore, presence of a plethora of products in the pipeline and high market potential in untapped emerging economies are anticipated to serve as attractive opportunities for market growth during the forecast period. Moreover, increase in disposable income, rise in geriatric population base, and various strategies among the key players significantly propels the growth of the market.
The high tibial osteotomy plates market is segmented into material, technique, and region. By material, the market is bifurcated into metals and polymers. By technique, it is classified into open wedged technique, closed wedge technique, and others. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and Latin America Middle East and Africa (LAMEA).
The major players profiled in the report are Aap Implantate AG, Amplitude Surgical, Arthrex, Inc., B. Braun Holding GmbH & Co. KG, Intercus Gmbh, Johnson & Johnson (Depuy Synthes), Newclip Technics, Smith & Nephew Plc, Stryker Corporation (Wright Medical Group N.V.), and Zimmer Biomet Holdings, Inc.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides an extensive analysis of the current and emerging market trends and dynamics in the global high tibial osteotomy plates market to identify the prevailing opportunities.
- This study presents the competitive landscape of the global market to predict the competitive environment across geographies.
- Comprehensive analysis of factors that drive and restrict the market growth is provided.
- Region- & country-wise analysis is provided to understand the market trends and dynamics.
KEY MARKET SEGMENTS
By Material
By Technique
- Open Wedge Technique
- Closed Wedge Technique
- Other
By Region
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
KEY MARKET PLAYERS
- Aap Implantate AG
- Amplitude Surgical
- Arthrex, Inc.
- B. Braun Holding GmbH & Co. KG,
- Intercus Gmbh,
- Johnson & Johnson (Depuy Synthes)
- Newclip Technics
- Smith & Nephew Plc
- Stryker Corporation (Wright Medical Group N.V.)
- Zimmer Biomet Holdings, Inc.
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report Description
- 1.2.Key Market Segments
- 1.3.Key Benefits
- 1.4.Research Methodology
- 1.4.1.Primary Research
- 1.4.2.Secondary Research
- 1.4.3.Analyst Tools and Models
CHAPTER 2:EXECUTIVE SUMMARY
CHAPTER 3:MARKET LANDSCAPE
- 3.1.Market Definition and Scope
- 3.2.Key Findings
- 3.2.1.Top Investment Pockets
- 3.2.2.Top Winning Strategies
- 3.3.Porter's Five Forces Analysis
- 3.3.1.Bargaining Power of Suppliers
- 3.3.2.Threat of New Entrants
- 3.3.3.Threat of Substitutes
- 3.3.4.Competitive Rivalry
- 3.3.5.Bargaining Power among Buyers
- 3.4.Market Share Analysis Top Player Positioning
- 3.4.1.Market Share Analysis/Top Player Positioning 2020
- 3.5.Market Dynamics
- 3.5.1.Drivers
- 3.5.2.Restraints
- 3.5.3.Opportunities
- 3.6.COVID-19 Impact Analysis
CHAPTER 4:HIGH TIBIAL OSTEOTOMY PLATES MARKET, BY MATERIAL
- 4.1.Market Overview
- 4.1.1Market Size and Forecast, By Material
- 4.2.Metal
- 4.2.1.Key Market Trends, Growth Factors and Opportunities
- 4.2.2.Market Size and Forecast, By Region
- 4.2.3.Market Share Analysis, By Country
- 4.3.Polymer
- 4.3.1.Key Market Trends, Growth Factors and Opportunities
- 4.3.2.Market Size and Forecast, By Region
- 4.3.3.Market Share Analysis, By Country
CHAPTER 5:HIGH TIBIAL OSTEOTOMY PLATES MARKET, BY TECHNIQUE
- 5.1.Market Overview
- 5.1.1Market Size and Forecast, By Technique
- 5.2.Open Wedge Technique
- 5.2.1.Market Size and Forecast, By Region
- 5.2.2.Market Share Analysis, By Country
- 5.3.Closed Wedge Technique
- 5.3.1.Market Size and Forecast, By Region
- 5.3.2.Market Share Analysis, By Country
- 5.4.Other
- 5.4.1.Key Market Trends, Growth Factors and Opportunities
- 5.4.2.Market Size and Forecast, By Region
- 5.4.3.Market Share Analysis, By Country
CHAPTER 6:HIGH TIBIAL OSTEOTOMY PLATES MARKET, BY REGION
- 6.1.Market Overview
- 6.1.1Market Size and Forecast, By Region
- 6.2.North America
- 6.2.1.Key Market Trends and Opportunities
- 6.2.2.Market Size and Forecast, By Material
- 6.2.3.Market Size and Forecast, By Technique
- 6.2.4.Market Size and Forecast, By Country
- 6.2.5.United States High Tibial Osteotomy Plates Market
- 6.2.5.1.Market Size and Forecast, By Material
- 6.2.5.2.Market Size and Forecast, By Technique
- 6.2.6.Canada High Tibial Osteotomy Plates Market
- 6.2.6.1.Market Size and Forecast, By Material
- 6.2.6.2.Market Size and Forecast, By Technique
- 6.2.7.Mexico High Tibial Osteotomy Plates Market
- 6.2.7.1.Market Size and Forecast, By Material
- 6.2.7.2.Market Size and Forecast, By Technique
- 6.3.Europe
- 6.3.1.Key Market Trends and Opportunities
- 6.3.2.Market Size and Forecast, By Material
- 6.3.3.Market Size and Forecast, By Technique
- 6.3.4.Market Size and Forecast, By Country
- 6.3.5.France High Tibial Osteotomy Plates Market
- 6.3.5.1.Market Size and Forecast, By Material
- 6.3.5.2.Market Size and Forecast, By Technique
- 6.3.6.Germany High Tibial Osteotomy Plates Market
- 6.3.6.1.Market Size and Forecast, By Material
- 6.3.6.2.Market Size and Forecast, By Technique
- 6.3.7.Italy High Tibial Osteotomy Plates Market
- 6.3.7.1.Market Size and Forecast, By Material
- 6.3.7.2.Market Size and Forecast, By Technique
- 6.3.8.Spain High Tibial Osteotomy Plates Market
- 6.3.8.1.Market Size and Forecast, By Material
- 6.3.8.2.Market Size and Forecast, By Technique
- 6.3.9.U.K High Tibial Osteotomy Plates Market
- 6.3.9.1.Market Size and Forecast, By Material
- 6.3.9.2.Market Size and Forecast, By Technique
- 6.3.10.Rest of Europe High Tibial Osteotomy Plates Market
- 6.3.10.1.Market Size and Forecast, By Material
- 6.3.10.2.Market Size and Forecast, By Technique
- 6.4.Asia-Pacific
- 6.4.1.Key Market Trends and Opportunities
- 6.4.2.Market Size and Forecast, By Material
- 6.4.3.Market Size and Forecast, By Technique
- 6.4.4.Market Size and Forecast, By Country
- 6.4.5.China High Tibial Osteotomy Plates Market
- 6.4.5.1.Market Size and Forecast, By Material
- 6.4.5.2.Market Size and Forecast, By Technique
- 6.4.6.Japan High Tibial Osteotomy Plates Market
- 6.4.6.1.Market Size and Forecast, By Material
- 6.4.6.2.Market Size and Forecast, By Technique
- 6.4.7.India High Tibial Osteotomy Plates Market
- 6.4.7.1.Market Size and Forecast, By Material
- 6.4.7.2.Market Size and Forecast, By Technique
- 6.4.8.Rest of Asia Pacific High Tibial Osteotomy Plates Market
- 6.4.8.1.Market Size and Forecast, By Material
- 6.4.8.2.Market Size and Forecast, By Technique
- 6.5.LAMEA
- 6.5.1.Key Market Trends and Opportunities
- 6.5.2.Market Size and Forecast, By Material
- 6.5.3.Market Size and Forecast, By Technique
- 6.5.4.Market Size and Forecast, By Country
- 6.5.5.Brazil High Tibial Osteotomy Plates Market
- 6.5.5.1.Market Size and Forecast, By Material
- 6.5.5.2.Market Size and Forecast, By Technique
- 6.5.6.South Africa, High Tibial Osteotomy Plates Market
- 6.5.6.1.Market Size and Forecast, By Material
- 6.5.6.2.Market Size and Forecast, By Technique
- 6.5.7.Saudi Arabia High Tibial Osteotomy Plates Market
- 6.5.7.1.Market Size and Forecast, By Material
- 6.5.7.2.Market Size and Forecast, By Technique
- 6.5.8.Rest of LAMEA High Tibial Osteotomy Plates Market
- 6.5.8.1.Market Size and Forecast, By Material
- 6.5.8.2.Market Size and Forecast, By Technique
CHAPTER 7:COMPANY PROFILES
- 7.1.Aap Implantate AG
- 7.1.1.Company Overview
- 7.1.2.Key Executives
- 7.1.3.Company snapshot
- 7.1.4.Operating business segments
- 7.1.5.Product portfolio
- 7.1.6.Business Performance
- 7.2.Amplitude Surgical
- 7.2.1.Company Overview
- 7.2.2.Key Executives
- 7.2.3.Company snapshot
- 7.2.4.Operating business segments
- 7.2.5.Product portfolio
- 7.2.6.Business Performance
- 7.3.Arthrex, Inc.
- 7.3.1.Company Overview
- 7.3.2.Key Executives
- 7.3.3.Company snapshot
- 7.3.4.Operating business segments
- 7.3.5.Product portfolio
- 7.4.B. Braun Holding GmbH and Co. KG
- 7.4.1.Company Overview
- 7.4.2.Key Executives
- 7.4.3.Company snapshot
- 7.4.4.Operating business segments
- 7.4.5.Product portfolio
- 7.4.6.Business Performance
- 7.5.Intercus Gmbh
- 7.5.1.Company Overview
- 7.5.2.Key Executives
- 7.5.3.Company snapshot
- 7.5.4.Operating business segments
- 7.5.5.Product portfolio
- 7.6.Johnson and Johnson (Depuy Synthes)
- 7.6.1.Company Overview
- 7.6.2.Key Executives
- 7.6.3.Company snapshot
- 7.6.4.Operating business segments
- 7.6.5.Product portfolio
- 7.6.6.Business Performance
- 7.7.Newclip Technics
- 7.7.1.Company Overview
- 7.7.2.Key Executives
- 7.7.3.Company snapshot
- 7.7.4.Operating business segments
- 7.7.5.Product portfolio
- 7.8.Smith and Nephew Plc
- 7.8.1.Company Overview
- 7.8.2.Key Executives
- 7.8.3.Company snapshot
- 7.8.4.Operating business segments
- 7.8.5.Product portfolio
- 7.8.6.Business Performance
- 7.8.7.Key Strategic Moves and Developments
- 7.9.Stryker Corporation (Wright Medical Group N.V.)
- 7.9.1.Company Overview
- 7.9.2.Key Executives
- 7.9.3.Company snapshot
- 7.9.4.Operating business segments
- 7.9.5.Product portfolio
- 7.9.6.Business Performance
- 7.9.7.Key Strategic Moves and Developments
- 7.10.Zimmer Biomet Holdings, Inc.
- 7.10.1.Company Overview
- 7.10.2.Key Executives
- 7.10.3.Company snapshot
- 7.10.4.Operating business segments
- 7.10.5.Product portfolio
- 7.10.6.Business Performance