What is Osteotomy Plates Market?
Surgical care has been a fundamental part of medical care worldwide for longer than a century. Improving access to surgical consideration is fundamental since the medical procedures can effectively treat a wide variety of conditions. Healthcare Technology has been developing remarkably and surgeons performing osteotomy operations desire effective and advanced medical equipment for performing immaculate surgeries. One such piece of equipment is an osteotomy plate designed to help the fixing of impaired bones while attempting an osteotomy surgical procedure. Osteotomy plates help with fixing debilitated bones while attempting an osteotomy surgery. A surgeon inserts plates and screws for holding bones in place until the osteotomy heals. They are available at various angles between the blade and the shaft. These plates are utilized for treating intertrochanteric osteotomy in grown-ups. The application of different angled plates possesses a requirement of great care and careful planning. The plates eliminate the requirement for intraoperative forming and shorten soft tissue aggravation. Osteotomy plates designed according to the Locking Compression Plate System principles. The fixed angle locking holes provide multiple fixed-angle constructs throughout the plate, improving retention of screws in the plate and in the cortical bone.
The market study is being classified by Type (Titanium Osteotomy Plates, Stainless Steel Osteotomy Plates and Others), by Application (Elbow, Foot & Ankle, Shoulder, Hand & Wrist, Hip & Pelvis and Others) and major geographies with country level break-up.
Arthrex (United States), Trimed(United States), Tornier(United States), DePuy Synthes(United States), FH ORTHOPEDICS(United States), Acumed(United States), Novastep(United States), Aap Implantate AG (Germany), Medical + Optical (United States) and Vendor Prous(United States) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Osteotomy Plates market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Osteotomy Plates market by Type, Application and Region.
On the basis of geography, the market of Osteotomy Plates has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- The increasing number of surgical procedure across the globe
- Growing adoption in veterinary hospitals
- The incidence of bone-related diseases is growing rapidly due to a bad diet or an unhealthy lifestyle
- Personalized medicines for osteoarthritis
- The trend of use of 3D printing technology could be the future of the osteotomy plates market
- The high cost of the osteotomy surgeries procedures
- Growing health care infrastructure and rise in the healthcare investment in developing countries is booming the market demand
- High adoption of surgical procedures
- Complication associated with implantation of osteotomy plates
Market Leaders and some development strategies
In November 2020 Olympus Corporation Japan-based company has announced its acquisition with the Terumo Biomaterials Corp. Leading product distributors such as bone substitutes and high tibial osteotomy (HTO) plates and screws. Beyond this, Olympus has also developed the first ultrasound device indicated for arthroscopic surgery, supporting more accurate and safer cutting of bones.
In September 2020 In2Bones United States-based company launched its new product in osteotomy plates named colink® Cfx Calcaneal Fixation System. This system is a collection of versatile plates of low profiles designed to address all types of traumatic fractures and osteotomies of the calcaneus(heel bones).
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Osteotomy Plates Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
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