|12-06-2018 07:28 PM CET - Health & Medicine||
High Tibial Osteotomy (HTO) Plates Market Value Expected to Grow $269 Mn by 2023 : Allied Market Research
Press release from: Allied Market Research
Depending on the material, the hyperhidrosis osteotomy (HTO) market is divided into bifaces with metal and polymer. Metal HTO plates are mainly made of titanium and stainless steel. The metal segment generated the highest revenue in 2016 and is expected to remain dominant over the forecast period. On the other hand, the polymer materials sector is expected to grow at its fastest pace.
A new report "High Tibial Osteotomy (HTO) Plates Market by Material, and Technique: Global Opportunity Analysis and Industry Forecast, 2017 - 2023", published by Allied Market Research. The global high tibial osteotomy (HTO) plates market generated $215 million in 2016 and is expected to reach $269 million by 2023, registering a CAGR of 3.2% from 2017 to 2023.
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Based on technique, the high tibial osteotomy (HTO) plates market is classified into open wedge technique, closed wedge technique, and others. The open wedge technique is the predominant technique used for performing high tibial osteotomy, and hence, generated the highest revenue in 2016. It is expected to remain dominant throughout the forecast period, whereas, closed wedge technique is expected to grow at a rapid pace during the forecast period.
North America leads the global high tibial osteotomy (HTO) plates market, which is majorly attributed to the significant rise in the number of osteoporosis and osteoarthritis cases over the years. Whereas, Asia-Pacific is expected to witness fastest growth during the forecast period.
Key Findings of the High Tibial Osteotomy (HTO) Plates Market:
• Based on material, the metal segment dominated the high tibial osteotomy (HTO) procedures in 2016 and is expected to remain dominant throughout the analysis period.
• Based on technique, the open wedge technique segment dominated the high tibial osteotomy (HTO) procedures in 2016 and is expected to maintain this dominance throughout the analysis period.
• North America dominated the market, accounting for maximum share of the overall market in 2016.
• Germany was the highest contributor to the European high tibial osteotomy (HTO) plates market in 2016 and is expected to maintain this dominance throughout the forecast period.
Asia-Pacific is expected to witness the highest growth rate throughout the forecast period, due to its high population base, surge in disposable income, and rise in awareness toward high tibial osteotomy (HTO) techniques available in the market. In addition, Japan is the major contributor to the Asia-Pacific high tibial osteotomy (HTO) plates market throughout the analysis period.
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The major companies profiled in the report include DePuy Synthes (Johnson & Johnson), Arthrex, Inc., Zimmer Biomet, aap Implantate AG, Stryker Corporation, B. Braun Melsungen AG, Smith & Nephew, Wright Medical Group N.V., Acumed, LLC, and Amplitude Surgical. The other players operating in the global high tibial osteotomy (HTO) plates market include TriMed, Inc., Tornier, Inc., Medical & Optical Instruments Australia Pty Ltd, Novastep Inc., Integra LifeSciences Corporation, Securos, BioTek Instruments, Inc., GROUP FH ORTHO, B, and OrthoPediatrics Corp.
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
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