The recent trend of high preference for minimally invasive surgeries and treatment procedures is overwhelmingly capturing the attention of the global population with growing healthcare awareness. This maximizes the high tibial osteotomy plates market growth with significant requirement for operative solutions triggered by higher rate of orthopedic ailments such as medial compartment osteoarthritis, cartilage damage, and others. With serious implications towards physical activity, osteoarthritis is affecting a majority of the population whereby people tend to incline towards modern osteotomy treatment options performed to heal in minimal time gap. According to the Arthritis Foundation, approximately 31 million Americans happen to get diagnosed with osteoarthritis, one of the commonest arthritis prevalent across the world. A common target of the varus deformity: the pediatric patients are increasing in number which requires the assistance of negligible post-operative scar and corrective bone positioning. This is achieved through the various metal plates and polymer plates for high tibial osteotomy leading to the increase in accuracy and precision in surgical procedures. Additionally, the prominence of point-of-care medical treatment focuses healthcare services and solutions provided to the patients which expedites the innovation and development of certain tools such as the minimally-invasive high tibial osteotomy (HTO) plates. One of the prominent surgical approaches, OTIS-C-PLUS® Plate is constructed to ensure minimally-invasive surgeries, reduced surgery time through one step locking thereby aiding open wedge high tibial osteotomies. The global High Tibial Osteotomy Plates Market revenue generation reached $233 million in the year 2018 and acquired huge demand-pull inflation which is estimated to grow at a CAGR of 3.3% during the forecast period of 2019-2025.
The knee osteoarthritis occurrence has
swiftly doubled since the mid-20s across the world.
Proceedings of the National Academy of Sciences
of the United States of America (PNAS)
By the application of open and closed wedge technique, dome osteology, chevron osteotomy, progressive callus distraction, and others, high tibial osteotomy accomplishes complimentary results with designed titanium and stainless steel plates. Predominantly effective in the high tibial osteotomy, wedge technique is making the demand for the niche market higher which is projected to increase at a CAGR of 3.44% through to 2025. Increasing incidences of varus knee misalignment, knee effusion, and other deformities have deprived the natural physical movement in many patients across the globe. Consequently, wedge technique aids the orthopaedic surgical procedures by offering a less painful orthopedic surgery which subsequently relies on the advanced plates thereby elevating the high tibial osteotomy plates market demand worldwide.
North America contributes a huge revenue to the global tibial osteotomy plates market and held a major regional share of 44% in the year 2018 propelled positively by several driving factors which will continue to thrive the domestic market in the future years. The prevalent of osteoarthritis disorders in the elderly people is growing incessantly in the North America which is majorly fueled by the large count of geriatric population in the regional countries. As per the United States Census Bureau, the older population is increasing vehemently which accounted for over 49.2 million of the total U.S. population in the year 2016. This is indicative of the comorbidity risks associated with older age such as the orthopedic disability resultantly upheaving the scope of opportunity for the high tibial osteotomy plates market in this region. Additionally, limb deformity in the younger population residing in North American countries is a major concern accelerating the growth progress of the high tibial osteotomy plates market attributed to the dependency on adequate and accurate surgical treatment procedures.
Innovation Prospecting The High Tibial Osteotomy Plates Market Growth:
Plate design is an essential push forth to continue the prospect of demand growth of the high tibial osteotomy plates market. Newer innovations and development of the osteotomy tool –the high tibial plate- has opened up new boundaries for the successful treatment of severe orthopedic impediments caused to the people throughout the world. One of the impactful solutions offered to the niche market advancement includes the invasion of 3D printed technology significantly offering long-lasting boost to the demand cultivated gradually. Concurrently, high precision HTO planning can be commenced by the utilization of 3D printing which enables accurate, detailed, and planned surgical performance: a step ahead of the conventional high tibial osteotomy with properly designed and developed plates. Recently, Newclip Technics developed the Activmotion with polyaxial locking system manufactured from titanium alloy which is effective in knee alignment disorders, genu varum, valgisation osteotomy, and others through surgical procedures.
Geriatric And Pediatric Population Increase:
Rising geriatric population is a major
embracing factor for the osteoarthritis and other bone disorders eventually
necessitating proper treatments and medications across the world. The United
Nations highlights that the global ageing population calculated in the year
2017 accounted for 962 million people, which is anticipated to double by the
year 2050 and reach 2.1 billion. With growing age comes the risk of several morbidity ailments: osteoarthritis
and bone malfunctioning being the prime concern of the healthcare
professionals. This signifies the huge reliance on the high tibial osteotomy
plates market driven by the bone alignment and adjustments requirement by the
older orthopedic patients worldwide.
Unlike the adult and elderly people, infants, teenagers, and adolescents experience the onset of blount disease and angular deformity, which consequently worsens, leading to critical consequences, with growing age in the children. A greater portion of the pediatric population are affected by this traumatic condition necessitating immediate surgery and plate installment to improvise and correct the positioning of crooked bones. Progressive high tibial osteotomy provides accomplished results with due contribution by the plate fixations thereby uplifting the niche market revenue generation and demand acquisition across the world.
And Sport Injury Recovery:
Apart from the disease and genetic abnormalities contributing to the increased osteotomy, accidental trauma also triggers bone deformity depending largely on the osteotomy procedures for complete recovery and bone healing. Additionally, professional and amateur sport activities often lead to knee laxity and other orthopedic injuries significantly driving the need for treatment procedures propelling the global high tibial osteotomy plates market growth.
Market Competitors And Their Product Portfolio:
The chief achievements offered through
the rigorous R&D activity execution and colossal investment stimulating the
innovation and advancement are constantly stirring the global high tibial
osteotomy plates market. These marketing planning administered by the
contributions led by major players such as Zimmer Biomet, Wright Medical Group,
Aap Implantate AG, Smith & Nephew Plc., Stryker Corporation, DePuy Synthes
(J&J), Braun Melsungen AG, Arthrex Inc., Amplitude Surgical SA, and others
are likely to bring massive revolution in the niche market in the forthcoming
Wright Medical Group healthcare service providers delivering advanced medical devices and tools which aids value-based solutions and improvises patient care. Its main influence towards the high tibial osteotomy includes DARCO™ and ORTHOLOC™ 3Di plates subsequently assisting in proper bone development of the patients.
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