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High Tibial Osteotomy Plates Market Trends

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

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High Tibial Osteotomy Plates Market Trends

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.

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.