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.
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
- Metal
- Polymer
By Technique
- Open Wedge Technique
- Closed Wedge Technique
- Other
By Region
- North America
- US
- Canada
- Mexico
- 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 NV)
- Zimmer Biomet Holdings, Inc
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Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Landscape
Chapter 4: High Tibial Osteotomy Plates Market, by Material
Chapter 5: High Tibial Osteotomy Plates Market, by Technique
Chapter 6: High Tibial Osteotomy Plates Market, by Region
Chapter 7: Company Profiles
List of Tables
List of Figures
Executive Summary
According to a new report titled, High Tibial Osteotomy Plates Market by, Material and Technique: Global Opportunity Analysis and Industry Forecast, 2021–2030, 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 (HTO) is an orthopedic surgical procedure used to treat a varus deformity caused by compartmental osteoarthritis. A high tibial osteotomy is a surgery that realigns the knee joint. By preserving damaged joint tissue, this surgery can delay or prevent the need for a partial or total knee replacement in some patients with knee arthritis. The HTO procedure is commonly used to treat knee arthrosis. Moreover, HTO techniques, such as open wedge technique and closed wedge technique are available in the market.
In varus knees, high tibial osteotomy aims to reduce knee pain by transferring weight-bearing loads to the relatively unaffected lateral compartment. HTO is a potential treatment method for knee arthrosis patients with good long-term results, according to research studies. HTO appears to be a more sensible option for many younger patients with high functional activity needs. Appropriate patient selection is critical to the success of an HTO treatment.
The growth of the high tibial osteotomy plates market is majorly driven due to the rise in the incidence of bone-associated disorders across the globe, technological advancements in the high tibial osteotomy plates, and rise in geriatric population susceptible to bone disorder.
Furthermore, according to World Health Organization (WHO) report from 2021, 1 in every 6 person globally is predicted to be 60 or older by 2030. At this point, the proportion of the population aged 60 and beyond is expected to rise from 1 billion in 2020 to 1.4 billion by 2050. Thus, escalating geriatric population is believed to generate more demand for high tibial osteotomy plates as bone and joints weaken as a person ages.
Moreover, in November 2020, Olympus Corporation announced the acquisition of FH ORTHO SAS, a French international orthopedic company. As a result, Olympus expanded its portfolio of innovative and patient-focused solutions such as ligament repair, foot and ankle surgery, and trauma surgery. Olympus is already involved in orthopedics in Japan, where its joint venture, Olympus Terumo Biomaterials Corp., sells bone substitutes and high tibial osteotomy (HTO) plates and screws. Thus, such acquisition are expected to further drive the high tibial osteotomy plates market.
However, high costs associated with HTO procedure and surgical complications related to HTO along with the increasing preference for alternative treatment method are expected to restrain the market growth. Conversely, high market potential in the untapped emerging economies, rise in road accidents leading to fractures, surge in various product launch, partnerships, collaborations among the key players, and development of pipeline products are expected to provide many opportunities for market growth during the forecast period.
The high tibial osteotomy plates market is segmented on the basis of 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, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Spain, Italy and rest of Europe), Asia-Pacific (Japan, China, India, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa and rest of LAMEA).
By material, the market is categorized into metal and polymers. The metal segment generated maximum revenue in 2020, accounting $256.12 million. The polymer segment is expected to witness highest CAGR of 5.4% during the forecast period.
By technique, the market is segmented into open wedge technique, closed wedge technique and other. The open wedge technique segment generated maximum revenue in 2020, accounting $161.78 million. The closed wedge technique segment is expected to witness highest CAGR of 3.6% during the forecast period.
On the basis of region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Spain, Italy and rest of Europe), Asia-Pacific (Japan, China, India, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa and rest of LAMEA). North America accounted for a majority of the global high tibial osteotomy plates market share in 2020, and is anticipated to remain dominant during the forecast period. This is attributed to the significant rise in the number of osteoporosis and osteoarthritis cases over the years, presence of key players, and rise healthcare expenditure in the region. However, Asia-Pacific is anticipated to witness notable growth, owing to due to the increase in geriatric population and increase in disposable income in the region.
Key Findings Of The Study
- By material, the metals segment was the highest contributor to the market in 2020
- By technique, the open wedge technique segment was the highest contributor to the market in 2020
- By region, North America garnered the largest revenue share in 2020, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period
Companies Mentioned
- 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.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 139 |
| Published | February 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 302.3 million |
| Forecasted Market Value ( USD | $ 398.68 million |
| Compound Annual Growth Rate | 2.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
