High Tibial Osteotomy Plates Market Size

High Tibial Osteotomy Plates Market Analysis

The high tibial osteotomy plates market is expected to record a CAGR of 6% during the forecast period.

The COVID-19 pandemic had a major impact on the high tibial osteotomy plates market. Orthopedic procedures were postponed at the beginning of the pandemic as the hospitals and surgeons were advised to postpone or cancel elective procedures, including osteotomy surgeries. In January 2021, the Centers for Medicare and Medicaid Services (CMS) and several organizations, such as the American College of Surgeons (ACS) and the American Society of Anesthesiologists (ASA), recommended the interim cancelation of elective surgical procedures in response to the COVID-19 pandemic. Most of the orthopedic facilities were converted to COVID-19 hospitals and clinics. These factors resulted in a decrease in the number of osteotomy surgeries performed across the world, thereby affecting the demand for high tibial osteotomy plates. However, the market’s growth is stabilizing post-pandemic as the worldwide restrictions have eased down and disease screening services have been resumed.

The market’s growth can be largely attributed to factors such as the increasing incidence rate of musculoskeletal conditions, rising sports-related activities and road injuries, and recent advances in osteotomy plates. These factors are leading to increasing demand for high tibial osteotomy plates.

The increasing incidence rate of musculoskeletal conditions is contributing to the rising number of high tibial osteotomy surgeries. High tibial osteotomy is performed to reshape the tibia and relieve pressure if osteoarthritis has damaged one side of the knee in patients. Thus, patients suffering from musculoskeletal disorders, such as Blount’s disease and knee osteoarthritis, are recommended to undergo high tibial osteotomy surgery. According to the WHO 2021 statistics, an estimated 1.71 billion people suffer from musculoskeletal disorders worldwide. Thus, the increasing musculoskeletal disorders are contributing to the increasing adoption of high-tibial osteotomy procedures, driving the demand for high-tibial osteotomy plates. The prevalence of osteoarthritis increases with age and generally afflicts people over the age of 50. Such numbers indicate that the anticipated rise in cases of arthritis across the world may fuel the demand for high tibial osteotomy plates in healthcare facilities.

Recent advances in osteotomy plates are anticipated to fuel the demand for high-tibial osteotomy plates. Currently preferred surgical procedures involving high tibial osteotomy (HTO) plates have a low overall accuracy, which indicates the growing developments in high-accuracy modern HTO surgeries. Implementing 3D printing technology in manufacturing HTO plates offers high accuracy with superior results. For instance, in 2021, the University of Bath’s Centre for Therapeutic Innovation (CTI), United Kingdom, introduced the world’s first 3D printed high tibial osteotomy device and procedure given for approval for trials in the United Kingdom. It is a personalized early knee osteoarthritis treatment developed by engineers at the University of Bath’s Centre for Therapeutic Innovation (CTI). It uses state-of-the-art 3D metal printing technology to make personalized medical-grade titanium-alloy plates. The Tailored Osteotomy for Knee Alignment (TOKA) treatment improves the operative procedure to realign a patient’s knee, making them comfortable, stable, and better to bear weight than existing generic plates. Such advances are anticipated to boost the demand for high tibial osteotomy plates. Thus, due to the aforementioned factors, the market studied is anticipated to witness significant growth over the forecast period.

However, complications associated with the procedure, such as blood clots, infection, lack of range of motion (ROM), and the high cost of osteotomy surgery, are some factors impeding the market’s growth.