"High Tibial Osteotomy Plates Market: A Review of Key Players and Their Strategies"
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.
The high tibial osteotomy (HTO) plate market refers to the market for surgical plates used in the treatment of knee osteoarthritis and other knee deformities through HTO surgery. HTO surgery is a surgical procedure that involves cutting and reshaping the tibia bone in the knee joint to shift weight-bearing forces to the healthy part of the knee joint. The HTO plate is used to stabilize the bone after it has been cut and reshaped, and to facilitate proper healing.
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.
Knee osteoarthritis is a common degenerative joint disease that affects millions of people worldwide. As the global population ages and obesity rates continue to rise, the number of people suffering from knee osteoarthritis is expected to increase. This has led to a growing demand for HTO plates as an effective treatment option for knee osteoarthritis.
The popularity of minimally invasive surgical procedures is also contributing to the rising demand for HTO plates. HTO surgery is a less invasive alternative to knee replacement surgery, and is becoming more popular as a result. This approach is less traumatic and has a shorter recovery time than knee replacement surgery, making it an attractive option for patients.
Advancements in HTO plate technology are also driving market growth. Newer HTO plates are made of stronger materials, such as titanium, and have a more anatomical shape that conforms better to the tibia bone. Some HTO plates also incorporate locking screws that provide greater stability and reduce the risk of implant failure.
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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
Overall, the HTO plate market is expected to grow at a steady pace in the coming years, driven by factors such as the rising prevalence of knee osteoarthritis, increasing demand for minimally invasive surgical procedures, and technological advancements in HTO plates. Medial opening wedge HTO plates are expected to dominate the market, and North America is expected to be the largest regional market. However, the Asia-Pacific region is expected to present significant growth opportunities for HTO plate manufacturers.