High Tibial Osteotomy (HTO) Plates Market

Posted by sunny on April 25th, 2019

According to a new report published by Allied Market Research, titled,"High Tibial Osteotomy (HTO) Plates Market by Material, and Technique: Global Opportunity Analysis and Industry Forecast, 2017 - 2023,"the global high tibial osteotomy (HTO) plates market generated 5 million in 2016 and is expected to reach 9 million by 2023, registering a CAGR of 3.2% from 2017 to 2023.

Based on material, the high tibial osteotomy (HTO) plates market is bifurcated into metals and polymers. The metal HTO plates majorly consist of titanium and stainless-steel. The metal segment generated the highest revenue in 2016 and is expected to maintain its dominance throughout the forecast period. Whereas, the polymers material segment is expected to grow at the fastest pace.

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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.

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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.