Osteotomy plates are an orthopedic surgery procedure. The aim of osteotomy is to decrease knee pain and delay knee replacement. The procedure is widely used in the treatment of knee arthrosis. This procedure is employed to lengthen or shorten the bone alignments to treat bone disorders, including osteoarthritis, dysplasia, bone diseases, and bone injuries.
An increase in the geriatric population and a rise in various bone-related disorders drive the market growth. In addition, the rise in incidence and prevalence of arthritis among individuals is expected to drive market growth in the future. For instance, according to the Centers for Diseases Control and Prevention (CDC), approximately 54.4 million U.S. adults have one or other form of arthritis. In addition, nearly 78 million adults aged above 28 will be diagnosed with arthritis in the U.S. by 2040. Thus, a rise in the number of bone-related disorders drives market growth. However, the expensive procedural cost of osteotomy surgeries and adverse effects associated with the use of plates hinder the market growth. The development of healthcare infrastructure & healthcare investment and untapped market opportunities in the developing regions are expected to provide numerous opportunities for market growth.
The osteotomy plates market is segmented on the basis of material, application, end-user, and region. Depending on the material, it is divided into metal osteotomy plates (titanium osteotomy plates and stainless steel osteotomy plates) and polymer osteotomy plates. By application, it is classified into hip surgery, knee surgery, and other applications. According to end-user, it is categorized into hospitals, clinics, and, ambulatory surgical centers. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in this report include Arthrex INC., Acumed LLC, Johnson & Johnson, Group FH Ortho, B. Braun Melsungen Ag, Zimmer Biomet, Stryker Corporation, Aap Implantate Ag, Wright Medical Group, and Amplitude Surgical.
An increase in the geriatric population and a rise in various bone-related disorders drive the market growth. In addition, the rise in incidence and prevalence of arthritis among individuals is expected to drive market growth in the future. For instance, according to the Centers for Diseases Control and Prevention (CDC), approximately 54.4 million U.S. adults have one or other form of arthritis. In addition, nearly 78 million adults aged above 28 will be diagnosed with arthritis in the U.S. by 2040. Thus, a rise in the number of bone-related disorders drives market growth. However, the expensive procedural cost of osteotomy surgeries and adverse effects associated with the use of plates hinder the market growth. The development of healthcare infrastructure & healthcare investment and untapped market opportunities in the developing regions are expected to provide numerous opportunities for market growth.
The osteotomy plates market is segmented on the basis of material, application, end-user, and region. Depending on the material, it is divided into metal osteotomy plates (titanium osteotomy plates and stainless steel osteotomy plates) and polymer osteotomy plates. By application, it is classified into hip surgery, knee surgery, and other applications. According to end-user, it is categorized into hospitals, clinics, and, ambulatory surgical centers. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in this report include Arthrex INC., Acumed LLC, Johnson & Johnson, Group FH Ortho, B. Braun Melsungen Ag, Zimmer Biomet, Stryker Corporation, Aap Implantate Ag, Wright Medical Group, and Amplitude Surgical.
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Key Market Segments
By Material
- Metal Osteotomy Plates
- Polymer Osteotomy Plates
BY APPLICATION
- Hip Surgery
- Knee Surgery
- Other Applications
BY END USER
- Hospitals
- Clinics
- Ambulatory Surgical Centre (ASCS)
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest Of Asia Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- ARTHREX, INC
- ACUMED, LLC
- JOHNSON & JOHNSON
- GROUP FH ORTHO
- B. BRAUN MELSUNGEN AG
- ZIMMER BIOMET
- STRYKER CORPORATION
- AAP IMPLANTATE AG
- WRIGHT MEDICAL GROUP N.V
- ORTHOPEDIATRICS CORP
- AMPLITUDE SURGICAL
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: OSTEOTOMY PLATES MARKET, BY MATERIAL
CHAPTER 5: OSTEOTOMY PLATES MARKET, BY APPLICATION
CHAPTER 6: OSTEOTOMY PLATES MARKET, BY END USER
CHAPTER 7: OSTEOTOMY PLATES MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Osteotomy Plates Market,' the Osteotomy Plates Market Size was valued at $613.15 million in 2020, and is estimated to reach $900.22 million by 2030, growing at a CAGR of 3.9% from 2021 to 2030.An osteotomy plate is used during osteotomy surgical procedures. These devices are metal plates, which fix the impaired bones of a patient caused due to osteoarthritis, dysplasia, bone diseases, and bone injuries.
The major factor that contributes to the growth of the market includes an increase in the incidence rate of musculoskeletal conditions. For instance, as per the 2021 statistics by the World Health Organization (WHO), an estimated 1.71 billion people suffered from musculoskeletal disorders across the globe. Thus, an increase in musculoskeletal disorders contributes to the adoption of osteotomy procedures, which, in turn, increases the demand for osteotomy plates. In addition, the prevalence of osteoarthritis increases with age is the key factor that drives tOsteotomy Plates Market Growth. As per the 2019 statistics by the Arthritis Foundation, with an increasing aging population, by 2050, about 130 million people will suffer from osteoarthritis worldwide, out of which, 40 million will be severely disabled by the disease. Thus, an increase in the number of people suffering from osteoarthritis across the globe will fuel the demand for osteotomy plates in healthcare facilities. However, the high cost of osteotomy procedures and complications associated with it impede the market growth. Furthermore, development in healthcare infrastructure, rise in disposable incomes, and untapped market opportunities in developing regions are expected to provide numerous opportunities for market growth.
The Osteotomy Plates Industryis segmented on the basis of material, application, end-user, and region. Depending on the material, it is divided into metal osteotomy plates and polymer osteotomy plates. By application, it is classified into hip surgery, knee surgery, and other applications. As per the end-user, it is categorized into hospitals, clinics, and ambulatory surgical centers. Region-wise, Osteotomy Plates Market Analysis is done North America, Europe, Asia-Pacific, and LAMEA
By material, the metallic osteotomy plates segment held the highest market share in 2020 and the polymer osteotomy plates segment is expected to grow at the highest rate, registering a CAGR of xx% by 2030. The growth is attributed to increasing in the number of osteotomy procedures for hips and knees.
Depending on the application, the hip surgery segment held the largest market share in 2020 and is expected to dominate during the forecast period, due to an increase in the geriatric population and an increase in the number of road accidents.
As per end users, hospitals that held the largest market share in 2020and are expected to dominate during the forecast period, owing to an increase in the number of patient visits for osteotomy surgeries.
North America accounted for more than half of the Osteotomy Plates Market Share in 2020 and is expected to remain dominant throughout the forecast period. This is attributed to increasing in the incidence of bone-related disorders, growth in the geriatric population, and adoption of a sedentary lifestyle of people that leads to bone diseases. In addition, the high adoption rate of technologically advanced devices and the presence of highly sophisticated healthcare infrastructure are expected to present new growth opportunities to the players in this market.
Key findings of the Study
- Metallic osteotomy plates segment accounted for around four-fifths share of the global Osteotomy Plates Industryin 2020
- Polymer osteotomy plates segment is expected to grow at a CAGR of 4.5% from 2020 to 2030
- North America region accounted for the largest share of the global osteotomy plates market in 2020
- Asia-Pacific is expected to grow at the highest CAGR of xx%, from 2020 to 2030
Companies Mentioned
- ARTHREX, INC
- ACUMED, LLC
- JOHNSON & JOHNSON
- GROUP FH ORTHO
- B. BRAUN MELSUNGEN AG
- ZIMMER BIOMET
- STRYKER CORPORATION
- AAP IMPLANTATE AG
- WRIGHT MEDICAL GROUP N.V
- ORTHOPEDIATRICS CORP
- AMPLITUDE SURGICAL
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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