High Tibial Osteotomy Plates Market Trends

Growth Drivers

Rising Geriatric Population – Osteoporosis is a serious risk for elderly people resulting from alterations in bone structure and a higher possibility of falls that result in fractures, and injuries. According to estimates, more than 770 million individuals worldwide were 65 years of age or older in 2022, making up around 9% of the world's population.
Growing Prevalence of Sports-Related Injuries- Sports-related fractures are increasing which is expected to drive the need for surgery and fracture fixation products. For instance, fractures comprise over 20% of injuries due to sports.

Challenges

Problems Associated with the Surgical Procedure- Complications such as blood clots, stiffness of the knee joint, and injuries to vessels and nerves arising from osteotomy surgery are more frequent. The surgical technique known as high tibial osteotomy (HTO) is considered to be well-established however, the lateral closure wedge HTO has multiple drawbacks, including the possibility of peroneal nerve palsy, and fibula resection. For instance, complication rates for closed wedge HTO range from around 10 to 33%, whereas opening wedge high tibial osteotomy (HTO), has over 2% to 54% risk of complications.
Exorbitant Cost of Product Development and Osteotomy Surgical Procedures
Presence of Extensive Regulatory Standards for Product Approval Could Result in High Investment.

High Tibial Osteotomy Plates Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	~5%
Base Year Market Size (2023)	~ USD 236 Million
Forecast Year Market Size (2036)	~ USD 556 Million
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

The growing burden of bone-related disorders across the globe and the growing technological advancements in osteotomy devices are the major factors driving the growth of the market.

The market size of high tibial osteotomy plates is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024-2036.

The major players in the market are Arthrex, Inc., Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew plc, CONMED Corporation, Wright Medical Group N.V., and others.

The open-wedge segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.

High Tibial Osteotomy Plates Market Trends