The osteotomy plates market will register a CAGR of close to 5% by 2022
LONDON, Jan. 17, 2019 /PRNewswire/ -- About this market
Product bundling to gain traction in the market. The global osteotomy plates market is witnessing product bundling strategies by market players. Many companies are implementing product bundling strategies and offering a combination of two or more products or services. Technavio's analysts have predicted that the osteotomy plates market will register a CAGR of close to 5% by 2022.
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Market Overview
Increasing prevalence of bone-related disorders
There is an increase in the prevalence of bone-related disorders such as osteoarthritis and osteoporosis. Osteoporosis is one of the common causes of fractures.
Complications associated with osteotomy procedures
Osteotomy surgeries involve potential risks such as nerve damage, bleeding, blood clots, infections, lack of full range motion, scar formation, development of arthritis, and reinjuries to the soft tissue or joint.
For the detailed list of factors that will drive and challenge the growth of the osteotomy plates market during the 2018-2022, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Arthrex and B. Braun Melsungen the competitive environment is quite intense. Factors such as the increase in the prevalence of bone-related disorders and the product bundling, will provide considerable growth opportunities to osteotomy plates manufactures. Arthrex, B. Braun Melsungen, Johnson & Johnson, Smith & Nephew, Stryker, Wright Medical Group, and Zimmer Biomet are some of the major companies covered in this report.
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