Press release
High Tibial Osteotomy Plates Market 2024-2031: Trends, Growth Drivers, and Key Players 2024-2031
High Tibial Osteotomy Plates Market - DataM Intelligence
Global High Tibial Osteotomy Plates Market is estimated to grow at a CAGR Of 3.2% during the forecast period 2024-2031.
A high tibial osteotomy is a surgical procedure aimed at correcting issues with the alignment of the knee joint by cutting and repositioning the upper portion of the tibia, or shin bone. During the procedure, metal plates are frequently utilized to secure the bone in its newly adjusted position as it undergoes the healing process. These plates, known as high tibial osteotomy plates, are affixed to the bone using screws.
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Market Trends
The burgeoning cases of knee osteoarthritis (OA) are driving market growth, particularly in the realm of healthcare solutions and treatments aimed at addressing this prevalent condition.
Among chronic rheumatic diseases, hip and knee osteoarthritis (OA) stands out as the most widespread, significantly impacting the quality of life for individuals globally and emerging as a leading cause of pain and disability in many countries. Its prevalence escalates with age, with women being more frequently affected than men. Osteoarthritis, the most common form of arthritis, afflicts millions worldwide, characterized by the gradual deterioration of the protective cartilage at the ends of bones.
Over the past few decades, significant efforts by organizations like the World Health Organization, the International League Against Rheumatism, and global OA experts have spurred numerous population-based epidemiological studies on knee OA worldwide.
Furthermore, market players are actively implementing strategies such as acquisitions and product launches to expand their businesses and better serve the growing needs of individuals with knee OA. For example, in November 2020, Olympus Corporation acquired GROUPE FH ORTHO, a move aimed at strengthening sales channels and expanding product distribution, particularly for orthopedic products, both domestically and internationally, including in Japan.
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Industry Segmentation
By Technique
Dome Technique
Wedge Technique
Closed Wedge Technique
Open Wedge Technique
Distraction HTO Technique
Others
By Material
Polymers
Metals
By End User
Hospitals
Specialty Clinics
Others
Industry Players
Major players are Stryker Corporation, DePuy Synthes (Johnson & Johnson), Arthrex, Inc., Zimmer Biomet, B. Braun Melsungen AG, Smith & Nephew, Wright Medical Group N.V., Acumed, LLC, Amplitude Surgical, and LifeSciences Corporation.
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