PUBLISHER: IMARC | PRODUCT CODE: 1521255
PUBLISHER: IMARC | PRODUCT CODE: 1521255
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.
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.
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.
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.
Metal Osteotomy Plates
Titanium Osteotomy Plates
Stainless Steel Osteotomy Plates
Polymer Osteotomy Plates
Knee Surgery
Hip Surgery
Others
Hospitals
Clinics
Ambulatory Surgical Centers
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
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.