High Tibial Osteotomy Plates Market Intelligence Report Offers Insights on Growth Prospects 2022–2028

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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.

High tibial osteotomy (HTO) is a surgical procedure that involves the realignment of the upper part of the tibia bone to relieve pressure on the knee joint. HTO plates are medical devices used to fixate the repositioned bone in place during the healing process. The market for HTO plates is a part of the global orthopedic implant market, which includes devices such as joint replacements, spinal implants, trauma fixation devices, and others.

The HTO plate market is expected to grow due to several factors, such as the increasing prevalence of knee osteoarthritis, rising geriatric population, and growing demand for minimally invasive surgeries. 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 market will develop as the number of elderly people who are susceptible to certain bone-related ailments rises. During the anticipated period, an increase in the incidence and prevalence of arthritis among people is anticipated to fuel market growth. The Centers for Disease Control and Prevention (CDC) estimate that 54.4 million persons in the United States have arthritis of some kind. By 2040, there will be 78 million persons in the U.S. who are over 28 and have been diagnosed with arthritis. Therefore, an increase in bone-related illnesses will increase adoption.

The demand for HTO plates is also driven by the increasing adoption of computer-assisted surgery (CAS) techniques, which allow surgeons to perform more precise and accurate surgeries. CAS technology involves the use of imaging and navigation systems to help surgeons visualize and plan the surgical procedure, reducing the risk of error and improving patient outcomes. HTO plates designed specifically for use with CAS technology are expected to see increased demand in the coming years.

Another factor driving the growth of the HTO plate market is the development of new materials and technologies. For instance, companies are now using biodegradable materials such as magnesium alloys and polylactic acid (PLA) to manufacture HTO plates, which can degrade over time and be absorbed by the body, eliminating the need for a second surgery to remove the implant. Furthermore, the use of 3D printing technology is allowing for the production of customized HTO plates that fit the patient's unique anatomy, reducing the risk of complications and improving surgical outcomes.

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Due to the region's established healthcare infrastructure and significant industry leaders, North America maintained the largest market share for high tibial osteotomy plates in 2021. The need for high tibial osteotomy plates will also be driven by the high rates of osteoarthritis in the area and the large volume of arthroscopic procedures.

In conclusion, the HTO plate market is expected to see significant growth in the coming years due to the increasing prevalence of knee osteoarthritis, rising geriatric population, and growing demand for minimally invasive surgeries. The development of new materials and technologies, along with the increasing adoption of computer-assisted surgery techniques, is expected to drive further innovation and growth in the market.

 

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