High Tibial Osteotomy (HTO) Plates Market Size Worth USD 398.68 million by 2030 | CAGR of 2.8%
The growth of the high tibial osteotomy plates market is majorly driven due to rise in prevalence of bone-associated disorders globally.
PORTLAND, OREGON, UNITED STATES, January 16, 2024 /EINPresswire.com/ -- Allied Market Research recently published a report, titled, โHigh 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, 2021โ2030.โ 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.
๐๐ก๐๐ญ ๐๐ซ๐ ๐ญ๐ก๐ ๐๐๐๐๐ง๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ข๐ ๐ก ๐๐ข๐๐ข๐๐ฅ ๐๐ฌ๐ญ๐๐จ๐ญ๐จ๐ฆ๐ฒ (๐๐๐) ๐๐๐ซ๐ค๐๐ญ ?
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, Sjogrenโs 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.
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐ซ๐๐ฉ๐ก๐ฌ ๐๐ง๐ ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ ๐๐๐ซ๐: https://www.alliedmarketresearch.com/request-sample/5073
๐๐จ๐ฏ๐ข๐-๐๐ ๐๐ฆ๐ฉ๐๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ (๐๐ซ๐ & ๐๐จ๐ฌ๐ญ)
โข 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.
โข Manufacturing and shipping of healthcare essentials were both disrupted because of the prolonged lockdown.
โข 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.
๐๐จ๐ฉ ๐๐ข๐ ๐ก ๐๐ข๐๐ข๐๐ฅ ๐๐ฌ๐ญ๐๐จ๐ญ๐จ๐ฆ๐ฒ (๐๐๐) ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ
โข Amplitude Surgical
โข Aap Implantate AG
โข Zimmer Biomet Holdings, Inc.
โข Arthrex, Inc.
โข Intercus Gmbh
โข Braun Holding GmbH & Co. KG
โข Johnson & Johnson (Depuy Synthes)
โข Smith & Nephew Plc
โข Newclip Technics
โข Stryker Corporation (Wright Medical Group N.V.)
๐๐ข๐ ๐ก ๐๐ข๐๐ข๐๐ฅ ๐๐ฌ๐ญ๐๐จ๐ญ๐จ๐ฆ๐ฒ (๐๐๐) ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:-
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 lionโs 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.
๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/purchase-enquiry/5073
๐๐๐ฒ ๐๐๐ง๐๐๐ข๐ญ๐ฌ ๐ ๐จ๐ซ ๐๐ญ๐๐ค๐๐ก๐จ๐ฅ๐๐๐ซ๐ฌ
โข This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the High Tibial Osteotomy (HTO) Plates Market Analysis from 2021 to 2031 to identify the prevailing lab information management systems market opportunities.
โข The market research is offered along with information related to key drivers, restraints, and opportunities.
โข Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
โข In-depth analysis of the High Tibial Osteotomy (HTO) Plates Market segmentation assists to determine the prevailing market opportunities.
โข Major countries in each region are mapped according to their revenue contribution to the global market.
โข Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
โข The report includes an analysis of the regional as well as global High Tibial Osteotomy (HTO) Plates Market trends, key players, market segments, application areas, and market growth strategies.
Our Market Research Solution Provides You Answer to Below Mentioned Question:
โข Which are the driving factors responsible for the growth of market?
โข Which are the roadblock factors of this market?
โข What are the new opportunities, by which market will grow in coming years?
โข What are the trends of this market?
โข Which are main factors responsible for new product launch?
โข How big is the global & regional market in terms of revenue, sales and production?
โข How far will the market grow in forecast period in terms of revenue, sales and production?
โข Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
โข How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
โข Which region has more opportunities?
By Region Outlook
โข North America
(U.S., Canada, Mexico)
โข Europe
(Germany, France, UK, Italy, Spain, Rest of Europe)
โข Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific)
โข LAMEA
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Contact Details:
David Correa
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of โMarket Research Reportsโ and โBusiness Intelligence Solutions.โ AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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