High Tibial Osteotomy (HTO) Plates Market Size (USD 398.68 million by 2030) Achieves Record-breaking Growth in Meeting Healthcare Requirements

Allied Market Research recently published a report, titled, “High Tibial Osteotomy Plates Market by Material (Metals and Polymers) and Technique (Open Wedge Technique, Closed Wedge Technique, and Other): Global Opportunity Analysis and Industry Forecast, 2021–2030.” According to the report, the global High Tibial Osteotomy (HTO) Plates Market Size was Valued at USD 302.3 million in 2020 and is Projected to Garner USD 398.68 million by 2030, registering a CAGR of 2.8% from 2021 to 2030.

The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining competitive edge in the market.

Covid-19 Impact Analysis (Pre & Post)

• The global market for high tibial osteotomy plates dropped in 2020 as a result of the global economic downturn caused by the COVID-19 pandemic. A large number of clinics and hospitals around the world have been reconfigured to boost hospital capacity for COVID-19 patients.
• Manufacturing and shipping of healthcare essentials were both disrupted because of the prolonged lockdown.
• Due to the substantial increase in COVID-19 cases, many non-essential procedures experienced a backlog. Orthopedic surgeries, which are mostly elective, were therefore reduced during the pandemic. However, rising vaccination rates are expected to stabilize the market during the projected period.

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𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐜𝐞𝐧𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐇𝐢𝐠𝐡 𝐓𝐢𝐛𝐢𝐚𝐥 𝐎𝐬𝐭𝐞𝐨𝐭𝐨𝐦𝐲 (𝐇𝐓𝐎) 𝐌𝐚𝐫𝐤𝐞𝐭 ?

Increasing prevalence of autoimmune diseases among people drives the growth of the global antinuclear antibody test market. Moreover, the fact that antinuclear antibody tests are becoming more and more popular as a way to diagnose autoimmune diseases such as rheumatoid arthritis, Systemic Lupus Erythematosus, Sjogren’s Syndrome, and others has supplemented the growth even more. Moreover, growing government healthcare insurance and rising awareness about autoimmune disorders are expected to create lucrative opportunities in the industry.

𝐓𝐨𝐩 𝐇𝐢𝐠𝐡 𝐓𝐢𝐛𝐢𝐚𝐥 𝐎𝐬𝐭𝐞𝐨𝐭𝐨𝐦𝐲 (𝐇𝐓𝐎) 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬

• Amplitude Surgical
• Aap Implantate AG
• Zimmer Biomet Holdings, Inc.
• Arthrex, Inc.
• Intercus Gmbh
• Braun Holding GmbH & Co. KG
• Johnson & Johnson (Depuy Synthes)
• Smith & Nephew Plc
• Newclip Technics
• Stryker Corporation (Wright Medical Group N.V.)

 𝐇𝐢𝐠𝐡 𝐓𝐢𝐛𝐢𝐚𝐥 𝐎𝐬𝐭𝐞𝐨𝐭𝐨𝐦𝐲 (𝐇𝐓𝐎) 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:-

By material, the metals segment accounted for more than four-fifths of the global high tibial osteotomy plates market share in 2020, and is anticipated to retain its dominance throughout the forecast period, owing to its high preferability due to its fixation and stability. The polymers segment, however, would showcase the fastest CAGR of 5.4% by 2030, owing to its less complication.

Based on technique, the open wedged technique segment held the lion’s share in 2020, contributing to more than half of the global high tibial osteotomy plates market, and is expected to continue its lead during the forecast period, owing to its few dissections, its effectiveness, and simplicity of the procedure. However, the closed wedged technique segment is expected to witness the highest CAGR of 3.6% by 2030. This is due to the inherent stability of the closing wedge with direct bone contact and reliable healing that enables early weight-bearing and shorter recovery time.

By region, North America, garnered the major share in 2020, contributing to nearly half of the global high tibial osteotomy plates market, and is anticipated to dominate the market during the forecast period. This is owing to rise in bone associated disorders, rapid adoption of advanced technologies and presence of key players across North America. However, the Asia-Pacific region is expected to witness the fastest CAGR of 4.6% throughout the forecast period, owing to rapidly growing geriatric population and increase in disposable income. The report also includes an analysis of Europe and LAMEA region segments.

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Our Market Research Solution Provides You Answer to Below Mentioned Question:

• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How big is the global & regional market in terms of revenue, sales and production?
• How far will the market grow in forecast period in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
• How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
• Which region has more opportunities?

By Region Outlook 

• North America
  (U.S., Canada, Mexico)
•  Europe
  (Germany, France, UK, Italy, Spain, Rest of Europe)
• Asia-Pacific
  (Japan, China, India, Rest of Asia-Pacific)
• LAMEA
  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

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