Orthopedic Prosthetics Market Introduction:

The global orthopedic prosthetics market is expected to value over USD 3 billion by the end of 2028 and growing at a CAGR of over 5.5% during the forecast period 2021 to 2028.

Orthopaedic prosthetics is to identify, design and manufacture customised artificial limbs for a patient. The should be light in weight but durable. Therefore, materials like carbon fibre, Ethylene Vinyl Acetate (EVA), metals, thermoplastics or a blend of these are generally used for prosthetic production. They are used for replacement of a missing or damaged body part caused by a disease, trauma or any other medical condition.

According to the Arthritis Foundation, arthritis affects 54 million of America and it is the leading cause of disability. It is estimated that arthritis is going to affect 78 million by 2040 in the US. Rising prevalence of arthritis and osteoporosis in the geriatric population is expected to fuel the growth of the market.  Further, the growing geriatric population is one of the major factors for market growth and arthritis pose a significant burden on healthcare bodies. Because of the rising burden, the healthcare system is more focused on better management of arthritis in early stages. Along with this, rising awareness of prosthesis is expected to boost the growth. The orthopedic prosthesis is one of the best methods for arthritis management compared to pharmacological therapies and it is proven effective over the alternative methods. Further, the increasing importance of quality of life and life expectancy led to the robust growth of the market.

Global market is dominated by North America due to high awareness and established healthcare system. It is followed by European countries due to the high spending capacity of the patient population. They are both are expected to remain same throughout forecast period. High prevalence of arthritis in developed economies like Asia Pacific and Latin America is expected to create new opportunities to manufacturers. Further, it is augmented by rising awareness in patient population and they are expected to remain as fast growing regions during forecast period. Even though Rest of the World is expected to account small fraction of market, but is expected to grow fast in later phase of forecast period.

Orthopedic Prosthetics market players include are:
• Blatchford Ltd.
• Bock Healthcare GmbH
• Fillauer LLC
• Willow Wood Global LLC
• Shadow Robot Company
• Steeper Inc.
• Mobius Bionics
• Synergy Prosthetics
• Human Technology Inc.
• United Prosthetics
(Note: The list of the major players will be updated with the latest market scenario and trends)

Orthopedic Prosthetics Market Segmentation:

By Product
• Upper Extremity Prosthetics
• Lower Extremity Prosthetics
• Sockets
• Other Products

By Technology
• Conventional
• Electric-powered
• Hybrid Orthopedic Prosthetics

By End User
• Hospitals
• Prosthetic Centers
• Other End Users

By Region
• North America
• Latin America
• Europe
Asia Pacific
• Rest of the World

Competitive Landscape:  
•    Tier 1 players- established companies in the market with a major market share
•    Tier 2 players 
•    Emerging players which are growing rapidly 
•    New Entrants  

FutureWise Key Takeaways:
•    Growth prospects
•    SWOT analysis 
•    Key trends 
•    Key data-points affecting market growth 

Objectives of the Study: 

•    To provide with an exhaustive analysis on the global Orthopedic Prosthetics Market by product, by technology, by end user and by region
•    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
•    To evaluate and forecast micro-markets and the overall market 
•    To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
•    To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
•    Profiling of companies to evaluate their market shares, strategies, financials and core competencies

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•    We have a flexible delivery model and you can suggest changes in the scope/table of content as per your requirement
•    The customization Mobility Care offered are free of charge with purchase of any license of the report
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What's included

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  • Competitive Analysis

  • What’s Next

  • Market Data Forecast

  • Risks and Opportunity Assessment

  • Market Trends and Dynamics