Research Nester assesses the growth and market size of the global high tibial osteotomy plates market which is anticipated to be on account of the growing elderly population and growing prevalence of rheumatoid arthritis across the globe.
New York – November 29, 2023- Research Nester’s recent market research analysis on “High Tibial Osteotomy Plates Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global high tibial osteotomy plates market in terms of market segmentation by technique, material, end-use, and by region.
Growing Popularity of Sports to Promote Global Market Share of High Tibial Osteotomy Plates
The global high tibial osteotomy plates market is estimated to grow majorly on account of the increasing number of people participating in sports. Basketball, football, and baseball are all more popular across the world and are becoming more and more popular worldwide. This has led to an increase in injury rate. Most sports injuries including fractures, dislocations, sprains, strains, tendinitis, or bursitis are caused due to trauma, overuse of muscles or joints, or lack of proper training. This is expected to increase the demand for high tibial osteotomy plates in the coming years.
Some of the major growth factors and challenges that are associated with the growth of the global high tibial osteotomy plates market are:
Growth Drivers:
• Surge in Technological Advancements Globally
• Rising Number of Road Accidents
Challenges:
The complications associated with osteotomy surgery, and the stringent regulations developed by the government are some of the major factors anticipated to hamper the global market size of high tibial osteotomy plates. Osteotomy surgery-related complications are more common which include blood clots, infection in the knee joint, and failure of the fixation that requires more surgery.
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By technique, the global high tibial osteotomy plates market is segmented into open-wedge, closed-wedge, progressive callus distraction, chevron osteotomy, and dome. The diabetes segment is to garner the highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. The prevalence and burden of rheumatoid arthritis (RA), are common in individuals with heart disease, diabetes, and obesity, and typically cause stiffness, swelling, joint discomfort, and limited movement. This is anticipated to lead to a greater acceptance of open wedge high tibial osteotomy since it aids in consistently improving knee function and promotes stronger stability and bone regrowth. Additionally, the closed-wedge technique is often used procedure for treating medial gonarthritis.
Furthermore, by end-user, the hospital segment is anticipated to gain a notable share by the year 2036. High tibial osteotomy is a successful knee surgery technique that is typically performed in hospitals as they offer access to top-notch treatment and knowledgeable surgeons, which leads to a faster recovery.
By region, the Asia Pacific high tibial osteotomy plates market is to generate the highest revenue by the end of 2036. This growth is anticipated by the growing senior population in the region. China's aging population is expanding at one of the quickest rates in the world and by 2050, there will be around 365 million senior Chinese adults. China's aging population is a result of a high average life expectancy which in 2023 is expected to be over 77 years. Besides this, in China, the prevalence of knee Osteoarthritis (OA) in middle-aged and older adults was more than 21% which was closely linked to a restriction in physical function in Chinese rural residents. All these factors have led to an increase in the burden of arthritis in Chinese people who are middle-aged and older which is known to be a leading cause of disability. This is expected to drive the demand for high tibial osteotomy plates in the region.
According to estimates, more than 350 million Chinese citizens will be 60 or older by 2035, making up over 28% of the country's total population.
Additionally, countries such as India, China, and Japan have become key destinations for medical tourism in recent years owing to the availability of modern hospitals and affordable medical treatments. For instance, in the previous year, over 1 million medical tourists traveled to India. Moreover, patients seeking treatment for severe illnesses and surgeries such as joint replacement surgery are looking to India from all around the world in terms of affordability, top-notch care, and easy availability of skilled doctors. This may create a huge demand for high tibial osteotomy plates in the region.


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This report also provides the existing competitive scenario of some of the key players of the global high tibial osteotomy plates market which includes company profiling of Arthrex, Inc., Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew plc, CONMED Corporation, Wright Medical Group N.V., and others.
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