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(MoneyNewsWire.Net, August 09, 2024 ) According to the latest research by InsightAce Analytic, the Global Ulna Osteotomy Plate Market is valued at US$ 109.2 Mn in 2023, and it is expected to reach US$ 242.3 Mn by 2031, with a CAGR of 10.4% during the forecast period of 2024-2031.
Ulna osteotomy plates are surgical devices that support and stabilize the bones during the process. To correct a varus deformity brought on by compartmental osteoarthritis, orthopedic surgeons perform a high tibial osteotomy. Treatment for knee arthrosis is on the rise with its usage. Innovations in implant design and technology, as well as implant materials, might impact consumer preferences. Improvements in biomechanics, biocompatibility, and surgical convenience are all goals for implant manufacturers. The growing number of bone-related ailments caused by unhealthy diet and lifestyle choices is driving the Osteotomy Plates Market.
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Market drivers include an aging population, more vehicle accidents, and safer surgical procedures for diagnosing and treating bone-related diseases. Increases in surgical procedures, the prevalence of osteoporosis and osteoarthritis, and the need for osteotomy plates to alleviate pain and prevent joint replacements are all factors driving the market forward. However, the high costs associated with HTO surgical risks, rising interest in non-traditional treatments, and other similar issues are anticipated to limit the market's growth.
List of Prominent Players in the Ulna Osteotomy Plate Market:
• Jeil Medical Corporation
• Depuy Synthes
• Double Medical Technology
• I.T.S.
• Newclip Technics
• Arthrex, Inc.
• TriMed, Inc.
• Novastep, Inc.
Market Dynamics:
Drivers-
The growing demand for the ulna osteotomy plate market is fueled by rising awareness of the prevalence of osteoarthritis and other related disorders among the general public. Ulnar pathology is becoming one of the most common musculoskeletal ailments, which greatly impacts the elderly population. Elbow procedures such as ulnar osteotomies are performed frequently for a variety of reasons, such as ulnar impaction injuries and malunited fracture healing. The rising demand for ulna osteotomy plates is driven, in part, by an aging population and, secondarily, by the increased awareness and diagnosis of orthopedic illnesses that cause nucleosynthesis globally.
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Challenges:
The prime challenges are high expansiveness, a shortage of competent individuals, and a lack of norms and protocol because of lockdowns and isolation in emerging countries, which is predicted to slow the growth of the Ulna osteotomy plate market. Osteotomy plate costs are costly, and the procedure isn't without its risks. Osteotomy infections, fractured screws, joint inflammation, bleeding, blood clots, and bleeding joints are just a few of the consequences that can slow down the industry's expansion. The high expenses of UOP procedures, the risk of surgical complications, and the rising popularity of alternative treatment options are anticipated to dampen the market's expansion. Ulna osteotomy plate sales have taken a major hit due to the COVID-19 epidemic. Priority was given to elective surgeries, including ulna osteotomy, that COVID-19 patients had previously chosen to postpone or cancel. Ulnar osteotomy plate darkness has dropped dramatically as a consequence of healthcare facilities' emphasis on pandemic management.
Regional Trends:
The North American ulna osteotomy plate market is anticipated to register a major market share in terms of revenue. It is projected to grow at a high CAGR in the near future due to the rising numbers of people suffering from osteoarthritis and osteoporosis. In addition, there are a lot of people in North America who deal with degenerative diseases, and important industry participants are actively working to expand the market. Besides, Europe had a substantial share in the market due to rising food demand caused by fast urbanization and population increase. Modern agricultural practices, such as the usage of pesticide adjuvants, are being pursued by farmers. Government programs that support sustainable agriculture and funding for agrochemical research also have a role in the expansion of this sector.
Recent Developments:
• In February 2024, Arthrex introduced a new patient-focused website called TheNanoExperience.com. Nano arthroscopy is a state-of-the-art minimally invasive orthopedic technique that emphasizes science and benefits. This procedure can provide a shorter recovery time with less discomfort.
• In January 2024, Newclip Technics announced the AETOS Shoulder System's complete commercial availability in the US. The business has also received 510(k) clearance for its usage in total shoulder arthroplasty procedures when combined with ATLASPLAN 3D planning software and patient-specific instruments.
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Segmentation of Global Ulna Osteotomy Plate Market-
Global Ulna Osteotomy Plate Market-By Type
• Proximal Plates
• Distal Plates
Global Ulna Osteotomy Plate Market- By End-user
• Clinic
• Hospital
• Others
Global Ulna Osteotomy Plate Market- By Region
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
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About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Insight Ace Analytics
Diana D’souza
+917972967118
diana.dsouza@insightaceanalytics.com
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