High Tibial Osteotomy Plates Market to reach USD 355 million by 2032, says Global Market Insights Inc.
HTO Plates Industry is anticipated to register 4% CAGR between 2023 and 2032 due to growing geriatric population base & increasing accidents and sports-related injuries.
Selbyville, Delaware, Jan. 12, 2023 (GLOBE NEWSWIRE) —
High tibial osteotomy plates
Availability of skilled professionals and advanced equipment to spur HTO operations in hospitals
High tibial osteotomy plates market from hospitals segment is likely to reach USD 260 million by 2032. The strong presence of skilled orthopedic surgeons, innovative technology, and advanced medical equipment in hospitals. The rate of knee joint surgical procedures has also surged. For example, in the U.S., nearly 750,000 arthroscopic surgeries are performed annually. With the rising prevalence of osteoarthritis, the demand for high tibial osteotomy procedures will therefore increase in hospital settings.
Increasing adult population and healthcare spending to bolster HTO plate use in LATAM
Latin America high tibial osteotomy plates market revenue is projected to register a 6% CAGR by 2032, owing to the growing incidence of conditions such as arthritis. Investment to strengthen health system performance is estimated to accelerate in LATAM. The Organization for Economic Co-operation and Development, by 2040, health spending is set to increase to 12.6% of the GDP in Brazil. The older adult population susceptible to bone-related diseases has also risen, contributing to the expansion of the regional HTO plate manufacturing base.
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Production base expansion strategies to influence industry dynamics
Some of the key players in the high tibial osteotomy plates industry are Arthrex, Inc., Zimmer Biomet, Integra Lifesciences Corporation, SBM France, Smith & Nephew, Neosteo, Intercus, Hankiltech Medical Co., Ltd., and SOFEMED International, among others.
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About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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