According to the latest report by IMARC Group, title “Osteotomy Plates Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the global osteotomy plates market reached a value of US$ 531.88 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 760.48 Million by 2027, exhibiting a CAGR of 5.80% during 2022-2027.

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Osteotomy plates are used in bone operations to shorten, lengthen or realign bones to correct a deformity. They treat bone disorders such as dysplasia, osteoarthritis, and bone injuries and diseases. They also eliminate the need for intraoperative contouring, minimize soft tissue irritation, improve several deformities of bones and joints, and delay the progression of painful conditions such as arthritis. As a result, osteotomy plates are widely adopted in clinics, ambulatory surgical centers, and hospitals across the globe.

Osteotomy Plates Market Trend: 

The market is primarily driven by the increasing prevalence of bone-related disorders due to unhealthy diets and lifestyles. In addition, the rising number of road accidents due to drunk driving, overspeeding and neglecting safety gear such as helmets and seat belts are contributing to the market growth. Moreover, the widespread adoption of tailored osteotomy for knee alignment (TOKA) treatment represents another major growth-inducing factor.

Besides this, the growing prevalence of musculoskeletal disorders such as Blount’s disorders and knee osteoarthritis among individuals due to deficiency of calcium or vitamin D is providing a positive thrust to the market growth. Furthermore, the surging sports-related injuries on account of structural abnormalities, poor training methods, weakness of tendons, ligaments, and muscles, and mergers and acquisitions (M&A) among key players are also creating a favorable market outlook across the globe.

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Osteotomy Plates Market Report Scope
Report CoverageDetails
Market size value in 2021US$ 531.88 Million
Market forecast in 2027US$ 760.48 Million
Growth RateCAGR of 5.80% from 2022 to 2027
Base year for estimation2021
Historical data2016-2021
Forecast period2022-2027
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments coveredMaterial, Application, End User and Region
Market DynamicsParent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization previewIf our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Market Segmentation:

The report has been segmented the market into following categories:

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 Geography:

  • 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

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List of Key Companies Covered in this Market Report:

The major players in the market are 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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About IMARC Group:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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