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Osteotomy Plates Market Report by Material (Metal Osteotomy Plates, Polymer Osteotomy Plates), Application (Knee Surgery, Hip Surgery, and Others), End User (Hospitals, Clinics, Ambulatory Surgical Centers), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A5512
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Market Overview:
The global osteotomy plates market size reached US$ 600.7 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 933.8 Million by 2032, exhibiting a growth rate (CAGR) of 4.9% during 2024-2032.
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Report Attribute
|
Key Statistics |
|---|---|
|
Base Year
|
2023 |
|
Forecast Years
|
2024-2032 |
|
Historical Years
|
2018-2023
|
| Market Size in 2023 | US$ 600.7 Million |
| Market Forecast in 2032 | US$ 933.8 Million |
| Market Growth Rate 2024-2032 | 4.9% |
Osteotomy is a medical procedure involving the cutting of a bone to shorten or lengthen it or realign with another bone. It includes knee, hip, jaw, and chin osteotomy to fix a defect that affects the growth of an individual. It is used to improve various deformities of bones and joints while delaying the progression of painful conditions, such as arthritis, and relieving pain. It is also utilized for treating painful bunions caused by the outward displacement of the first toe, which can be rectified by restoring its shape. At present, there is a rise in the prevalence of bone-related diseases among the masses, which is catalyzing the demand for osteotomy plates across the globe.
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Osteotomy Plates Market Trends:
The growing adoption of surgical procedures for safer diagnosis and treatment of various diseases represents one of the key factors driving the market. Moreover, there is an increase in the number of road accidents due to overspeeding, drunk driving, distractions on the road, and avoiding safety gear, such as seat belts and helmets. This, along with the rising prevalence of osteoporosis among individuals on account of the loss of tissue or deficiency of calcium or vitamin D, is propelling the growth of the market. In addition, governments of several countries are extensively investing in healthcare infrastructure, which is positively influencing the market. Besides this, there is a rise in the number of people who have musculoskeletal disorders, such as Blount’s disease and knee osteoarthritis, around the world. This, coupled with the increasing sports-related injuries due to poor training methods, structural abnormalities, and weakness in muscles, tendons, and ligaments, is offering lucrative growth opportunities to industry investors. Additionally, the rising utilization of osteotomy plates to realign the knee of a patient is bolstering the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global osteotomy plates market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on material, application and end user.
Breakup by Material:
- Metal Osteotomy Plates
- Titanium Osteotomy Plates
- Stainless Steel Osteotomy Plates
- Polymer Osteotomy Plates
Breakup by Application:
- Knee Surgery
- Hip Surgery
- Others
Breakup by End User:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being aap Implantate AG, Acumed LLC (Colson Medical LLC), Amerisourcebergen Corporation, Amplitude Surgical, Arthrex Inc., B. Braun Melsungen AG, Integra LifeSciences, Johnson & Johnson, Medartis AG, OrthoPediatrics Corp., Stryker Corporation, TriMed Inc. and Zimmer Biomet.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Million |
| Segment Coverage | Material, Application, End User, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | aap Implantate AG, Acumed LLC (Colson Medical LLC), Amerisourcebergen Corporation, Amplitude Surgical, Arthrex Inc., B. Braun Melsungen AG, Integra LifeSciences, Johnson & Johnson, Medartis AG, OrthoPediatrics Corp., Stryker Corporation, TriMed Inc. and Zimmer Biomet |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global osteotomy plates market was valued at US$ 600.7 Million in 2023.
We expect the global osteotomy plates market to exhibit a CAGR of 4.9% during 2024-2032.
The rising prevalence of bone-related diseases, along with the increasing demand for osteotomy plates to improve various deformities of bones and joints, while delaying the progression of painful conditions, such as arthritis and relieving pain, is primarily driving the global osteotomy plates market.
The sudden outbreak of the COVID-19 pandemic had led to the postponement of elective knee and hip surgical procedures to reduce the risk of the coronavirus infection upon hospital visits and interaction with medical equipment, thereby negatively impacting the global market for osteotomy plates.
Based on the material, the global osteotomy plates market can be bifurcated into metal osteotomy plates and polymer osteotomy plates. Currently, metal osteotomy plates hold the majority of the total market share.
Based on the application, the global osteotomy plates market has been segmented into knee surgery, hip surgery, and others. Among these, knee surgery currently exhibits a clear dominance in the market.
Based on the end user, the global osteotomy plates market can be divided into hospitals, clinics, and ambulatory surgical centers. Currently, hospitals account for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global osteotomy plates market include aap Implantate AG, Acumed LLC (Colson Medical LLC), Amerisourcebergen Corporation, Amplitude Surgical, Arthrex Inc., B. Braun Melsungen AG, Integra LifeSciences, Johnson & Johnson, Medartis AG, OrthoPediatrics Corp., Stryker Corporation, TriMed Inc., and Zimmer Biomet.
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