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High Tibial Osteotomy Plates Market size accounted for USD 226.4 million in 2022 and is estimated to grow at over 4.3% CAGR between 2023 and 2032. Increasing geriatric population base that are prone to various bone-related disorders will spur the global market growth.
Increase in incidence and prevalence of arthritis among individuals is expected to boost the market expansion during the analysis timeframe. 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. Also, nearly 78 million adults aged above 28 will be diagnosed with arthritis in the U.S. by 2040. Thus, rising number of bone-related disorders will boost the adoption rate, thereby fostering the industry statistics.
High tibial osteotomy (HTO) is one of the common orthopaedic procedures which is intended to treat symptomatic osteoarthritis of the medial compartment of knee with varus alignment. The HTO procedure is widely used in the treatment of knee arthrosis. Furthermore, various HTO techniques include open wedge technique, closed wedge technique, and progressive callus distraction among others.
Report Attribute | Details |
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Base Year: | 2022 |
High Tibial Osteotomy Plates Market Size in 2022: | USD 226 Million |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 4% |
2032 Value Projection: | USD 355 Million |
Historical Data for: | 2018 to 2032 |
No. of Pages: | 115 |
Tables, Charts & Figures: | 220 |
Segments covered: | Technique, Material, End-use, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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Musculoskeletal condition (MSC) is the most common cause of severe long-term pain and disability in Europe that will foster the high tibial osteotomy plates market growth. Also, the degenerative bone disease results in inflammation and structural joint damage. For instance, according to the European Occupational Disease Statistics (EODS), more than 50% of European populations aged 65 years and above are affected by one kind off MSC. The report also estimated that, around 78 million (26%) of European adults aged 18 years or older are projected to have doctor-diagnosed arthritis by 2040. This indicates that there will be a huge patient pool suffering from bone-related diseases. Such high prevalence of the disease will increase the high tibial osteotomy plates demand.
Unicompartmental knee arthroplasty and compartmental prosthetic replacement among others are the few alternatives to high tibial osteotomy procedures. The compartmental prosthetic replacement offers an attractive alternative to high tibial osteotomy for the treatment of unicompartmental osteoarthritis in the elderly patients. Also, there is a significant gap between the patient recovery time that will hamper the market growth. For instance, the high tibial osteotomy patient recovers and is able to walk within 4 to 8 weeks after the surgery, whereas the compartmental prosthetic replacement patient takes around 3 to 4 weeks. Therefore, owing to the above factors, patients prefer alternative methods or therapies, thereby decreasing the adoption rate of HTO plates and hampering the market expansion.
High tibial osteotomy plates market from open-wedge technique segment accounted for business share of 53% in 2022 and is estimated to show significant growth during the forecast timeframe. Open wedge procedure involves few dissections and single bone cutting that increases patient recovery and compliance. This is due to effectiveness and simplicity of the procedure. Therefore, open-wedge technique is an effective procedure for restoring the coronal alignment & proximal tibiofibular joint, thereby fostering the segmental demand. Furthermore, fewer complications and high survival rate of open wedge will further increase the adoption rate, thereby supplementing the market growth during the analysis timeframe.
Based on material, the high tibial osteotomy plates market is divided into metal and polymer. The metal segment is expected to reach USD 322.2 million by 2032 growing at a CAGR of 4.4%. Metals are mostly preferred and standard choice of material for the development of HTO plates. These metal plates provide stable fixation that reduces the risk of non-union after HTO procedure. Additionally, metal plates are widely used to hold the wedged-open tibia in place while the bone heals. Thus, usage of metal plates in various HTO procedures will boost the high tibial osteotomy plates demand.
The end-use segment of high tibial osteotomy plates market is bifurcated into hospitals, clinics and others. The hospitals segment is expected to show steady growth of 3.9% during the analysis period. Increasing prevalence of osteoarthritis and knee surgeries in hospital setting will augment the industry growth. For instance, it is estimated that approximately 750,000 arthroscopic surgeries are performed in the U.S. every year. Moreover, presence of advanced medical equipment, skilled orthopaedic surgeons and advanced technology will further increase the preference of patients towards hospital, thereby fostering the market forecasts.
North America dominated the global high tibial osteotomy plates market with USD 101.2 million in 2022 and is anticipated to show steady growth during the forthcoming years. High growth rate is owing to the presence of well-established healthcare infrastructure and major market players in the region. Moreover, high prevalence of osteoarthritis in the region and a high number of arthroscopic surgeries will spur the demand for high tibial osteotomy plates.
Prominent market players operating in the high tibial osteotomy plates industry include:
New product launch, partnerships and collaboration are the most commonly adopted business strategies to sustain market competition.
Some of the recent industry developments:
The spread of COVID-19 pandemic across the globe negative impact on high tibial osteotomy (HTO) plates industry. Increase in number of COVID-19 infections across several countries has resulted in imposing of lockdown and delaying or postponing the non-essential surgical procedures. The knee arthroplasty procedure was not one of the critical or life-saving procedure and hence, considered under elective surgical procedures. Also, several countries across the globe were focusing on severe and life-threatening health conditions other than elective surgeries. Therefore, the aforementioned factors decreased the number of surgeries and resulted in negatively impacting the market growth in 2020.
The high tibial osteotomy (HTO) plates market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 - 2032, for the following segments:
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By Technique
By Material
By End-use
The above information is provided for the following regions and countries: