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High Tibial Osteotomy Plates Market Size

Report ID: GMI3958
Published Date: Mar 2023
Report Format: PDF

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High Tibial Osteotomy Plates Market Size

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.

High Tibial Osteotomy (HTO) Plates Market

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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.

High Tibial Osteotomy Plates Market Report Attributes
Report Attribute	Details
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:	Rising incidence of bone-related disorders Growing geriatric population base Increasing accidents and sports-related injuries
Pitfalls & Challenges:	Surgical complications associated with HTO Increasing preference for alternative treatments

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Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global high tibial osteotomy plates market was valued at USD 226.4 million in 2022 and is poised to witness a 4.3% CAGR between 2023 and 2032, attributed to the expanding geriatric population base and their higher susceptibility to acquiring several bone disorders.

The open-wedge technique segment amassed an estimated 53% of the high tibial osteotomy plates market share in 2022, owing to the involvement of a few dissections and single bone cutting in the given procedure that ensures faster patient recovery and compliance.

The hospitals segment is projected to observe a 3.9% CAGR from 2023 to 2032, given the surging incidences of knee surgeries and the increasing number of patients undergoing treatment for osteoarthritis in hospital settings.

North America high tibial osteotomy market garnered USD 101.2 million in revenues in 2022 credited to the well-developed healthcare infrastructure and presence of key manufacturing facilities in the region.