Market Overview:
The Global Wedge Osteotomy Systems Market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing incidence of joint disorders, rising geriatric population, and technological advancements in wedge osteotomy systems. Based on type, the global wedge osteotomy systems market is segmented into open wedge osteotomy systems, closed wedge osteotomy systems, and other types. Closed wedge osteotomy systems are expected to dominate the market during the forecast period owing to their ease of use and low complication rates as compared to open wedge osteotomies. Based on application, hospitals are expected to account for a major share of the global wedgedosteomy system market duringthe forecast period owingto their large patient baseand growing demand for minimally invasive surgeries.
Product Definition:
Wedges osteotomy systems are medical devices that are used to correct bone deformities. They work by cutting a wedge-shaped piece of bone from the affected area and then replacing it with a metal plate or screw. This helps to straighten the bone and improve its function. Wedge osteotomy systems are often used to treat conditions such as scoliosis, bowed legs, and knock knees.
Open Wedge Osteotomy Systems:
Osteotomy systems are used to realign the bone and improve its function. These devices are majorly used in knee and hip osteoarthritis, but they can be used for other conditions as well. The main aim of these procedures is to reduce pain and regain mobility in the operated limb.
The global open wedge osteotomy systems market was valued at USD 648 million in 2016, growing at a CAGR of XX% over the forecast period.
Closed Wedge Osteotomy Systems:
Closed wedge osteotomy systems are used in the treatment of degenerative bone disease and fractures. The system is made up of a metal plate, which is inserted into the bone through a drill hole. A special tool called an osteotome is then used to cut around the metal plate to make a clean break along with opening up the fracture site.
Application Insights:
Clinic and hospital-based wedge osteotomy systems held the largest market share in 2017. The rising number of hospitals and clinics across the globe is anticipated to boost product demand over the forecast period. According to a study published by WHO, it was observed that around 54% of total healthcare spending goes towards treating musculoskeletal disorders, which accounts for around USD 637 billion annually. This factor is expected to drive segment growth during the forecast period.
The other application segment comprises of physical therapy clinics and home healthcare services offering osteotomy procedures for various orthopedic conditions such as hip dysplasia, arthritis, sports injuries etc. Growing awareness about these treatments at an early stage after injury has healed is expected to fuel segment growth during the forecast period.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of well-established healthcare infrastructure, high patient awareness levels coupled with relatively higher healthcare expenditure levels. Moreover, growing demand for minimally invasive surgeries due to increasing prevalence of osteoporosis and other bone disorders is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising geriatric population and improving economic conditions in emerging countries such as China & India. These factors are expected favorably impact overall market development over the next eight years.
Growth Factors:
- Increasing demand for minimally invasive surgeries: Wedge osteotomy systems offer a less invasive surgical option as compared to traditional open surgery, thereby resulting in shorter hospital stays and faster recoveries. This is driving the adoption of wedge osteotomy systems worldwide.
- Growing geriatric population: The global geriatric population is growing at a rapid pace and this is leading to an increase in the number of orthopedic procedures being performed each year. Wedge osteotomy systems are particularly beneficial for elderly patients as they offer quicker recoveries and reduced post-operative complications as compared to traditional open surgery techniques.
- Rising prevalence of bone diseases: The incidence of bone diseases such as arthritis, fractures, and tumors is increasing globally due to changing lifestyles and aging populations. This is leading to an increase in the demand for wedge osteotomy systems as they offer a safe and effective treatment option for these conditions.
- Technological advancements: The manufacturers of wedge osteotomy systems are constantly innovating their products with new features and technologies that make them more user-friendly and efficient than ever before. This is helping to drive market growth by making these products more accessible to a wider audience base worldwide . 5) Growing awareness about benefits of wedge osteotomies: There has been an increasing awareness among surgeons about the benefits offered by wedge osteotomies over traditional open surgery techniques .This has led to an increase in adoption rates globally, thus driving market growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Wedge Osteotomy Systems Market Research Report
By Type
Open Wedge Osteotomy Systems, Closed Wedge Osteotomy Systems, Other
By Application
Hospital, Clinic, Other
By Companies
Johnson & Johnson, Stryker, aap Implantate AG, Arthrex, Tyber Medical, Zimmer Biomet, Acumed, Paonan Biotech
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
143
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Wedge Osteotomy Systems Market Report Segments:
The global Wedge Osteotomy Systems market is segmented on the basis of:
Types
Open Wedge Osteotomy Systems, Closed Wedge Osteotomy Systems, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Johnson & Johnson
- Stryker
- aap Implantate AG
- Arthrex
- Tyber Medical
- Zimmer Biomet
- Acumed
- Paonan Biotech
Highlights of The Wedge Osteotomy Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Open Wedge Osteotomy Systems
- Closed Wedge Osteotomy Systems
- Other
- By Application:
- Hospital
- Clinic
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wedge Osteotomy Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
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- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Wedge osteotomy systems are a type of surgical procedure that uses a specially designed wedge to break and realign the bones in the affected area. This can help to restore or improve functionality in the affected area.
Some of the major players in the wedge osteotomy systems market are Johnson & Johnson, Stryker, aap Implantate AG, Arthrex, Tyber Medical, Zimmer Biomet, Acumed, Paonan Biotech.
The wedge osteotomy systems market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wedge Osteotomy Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Wedge Osteotomy Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wedge Osteotomy Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Wedge Osteotomy Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Wedge Osteotomy Systems Market Size & Forecast, 2018-2028
4.5.1 Wedge Osteotomy Systems Market Size and Y-o-Y Growth
4.5.2 Wedge Osteotomy Systems Market Absolute $ Opportunity
Chapter 5 Global Wedge Osteotomy Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Wedge Osteotomy Systems Market Size Forecast by Type
5.2.1 Open Wedge Osteotomy Systems
5.2.2 Closed Wedge Osteotomy Systems
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wedge Osteotomy Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Wedge Osteotomy Systems Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wedge Osteotomy Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Wedge Osteotomy Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Wedge Osteotomy Systems Analysis and Forecast
9.1 Introduction
9.2 North America Wedge Osteotomy Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Wedge Osteotomy Systems Market Size Forecast by Type
9.6.1 Open Wedge Osteotomy Systems
9.6.2 Closed Wedge Osteotomy Systems
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Wedge Osteotomy Systems Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Wedge Osteotomy Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Wedge Osteotomy Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Wedge Osteotomy Systems Market Size Forecast by Type
10.6.1 Open Wedge Osteotomy Systems
10.6.2 Closed Wedge Osteotomy Systems
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Wedge Osteotomy Systems Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Wedge Osteotomy Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wedge Osteotomy Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Wedge Osteotomy Systems Market Size Forecast by Type
11.6.1 Open Wedge Osteotomy Systems
11.6.2 Closed Wedge Osteotomy Systems
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Wedge Osteotomy Systems Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Wedge Osteotomy Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Wedge Osteotomy Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Wedge Osteotomy Systems Market Size Forecast by Type
12.6.1 Open Wedge Osteotomy Systems
12.6.2 Closed Wedge Osteotomy Systems
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Wedge Osteotomy Systems Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Wedge Osteotomy Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wedge Osteotomy Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Wedge Osteotomy Systems Market Size Forecast by Type
13.6.1 Open Wedge Osteotomy Systems
13.6.2 Closed Wedge Osteotomy Systems
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Wedge Osteotomy Systems Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Wedge Osteotomy Systems Market: Competitive Dashboard
14.2 Global Wedge Osteotomy Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Johnson & Johnson
14.3.2 Stryker
14.3.3 aap Implantate AG
14.3.4 Arthrex
14.3.5 Tyber Medical
14.3.6 Zimmer Biomet
14.3.7 Acumed
14.3.8 Paonan Biotech
