Orthopedic prosthetic devices are defined as external medical devices that substitute a missing skeletal part. Orthopedic prosthetics are a vital components for rehabilitation of injured or harmed skeletal system, associated musculature and joints. Increasing number of accidents is also expected to propel growth of the global orthopedic prosthetics market over the forecast period. Moreover, launch of advance prosthetics along with technological advancement in material design for prosthetics is also expected to aid in growth of the market. There are different orthopedic prosthetics for example lower limb prostheses, upper limb prostheses used for different injured organ. They are highly functional options and are more concerned with artificial limbs, bones, and joints etc. Prostheses (artificial legs and hands) and orthoses (braces and splints) enable people with physical impairments or functional limitations to live healthy life as normal people. An orthopedic prosthetic comprises an artificial device that substitutes for missing body parts and are supportive devices intended to replace body parts such as limbs, which may have been lost through trauma. There are majorly four types of prosthetic, they are as follows: transradial, transfemoral, transtibial, and transhumeral
Market Dynamics
Increasing adoption of inorganic strategies by key players in market such as acquisitions is expected to drive market growth over the forecast period. For instance, in August 2022, Ossur, one of the global leaders in the orthotics and prosthetics (O&P) industry announced the acquisition of Naked Prosthetics, company manufacturing durable custom-fabricated finger prostheses for finger and partial hand amputees. This acquisition will strengthen Ossur’s product portfolio and address broader group of amputees.
Key features of the study:
- This report provides in-depth analysis of the global orthopedic and prosthetic market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global orthopedic and prosthetic market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Össur, Hanger Inc., Ottobock, Blatchford Limited, WillowWood Global LLC, Fillauer LLC, Howard Orthopaedics Inc., Aether Biomedical, United Prosthetics, Advanced Arm Dynamic, TASKA Prosthetics, Steeper Inc., BioMetrics Prosthetic and Orthotic CT, Trulife, Open Bionics, SYNERGY PROSTHETICS, Motorica among other prominent players
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global orthopedic and prosthetic market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global orthopedic and prosthetic market
Detailed Segmentation:
- Global Orthopedic Prosthetic Market, By Product Type:
- Upper Extremity Prosthetics
- Hand Prosthetics
- Elbow Prosthetics
- Shoulder Prosthetics
- Lower Extremity Prosthetics
- Foot & Ankle Prosthetics
- Knee Prosthetics
- Hip Prosthetics Glass
- Liners
- Sockets
- Modular Components
- Global Orthopedic Prosthetic Market, By Technology:
- Conventional
- Electric Powered
- Hybrid Orthopedic Prosthetics
- Global Orthopedic Prosthetic Market, By End User:
- Hospitals
- Prosthetic Clinics
- Rehabilitation Center
- Others
- Global Orthopedic Prosthetic Market, By Region:
- North America
- Latin America
- By Country
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- By Country
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Country
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- By Country
- GCC
- Israel
- Rest of Middle East
- Africa
- By Region/Country
- South Africa
- Central Africa
- North Africa
- Company Profiles
- Össur
- Company Highlights
- Products Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Hanger Inc.
- Ottobock
- Blatchford Limited
- WillowWood Global LLC
- Fillauer LLC
- Howard Orthopaedics Inc.
- Aether Biomedical
- United Prosthetics
- Advanced Arm Dynamic
- TASKA Prosthetics
- Steeper Inc.
- BioMetrics Prosthetic and Orthotic CT
- Trulife
- Open Bionics
- SYNERGY PROSTHETICS
- Motorica
“*” marked represents similar segmentation in other categories in the respective section.
