Orthopedic Prosthetics Market Size, Share, Analysis Report

Orthopedic Prosthetics Market By Product Analysis (Modular components, Sockets, Liners, Upper Extremity Prosthetics, Lower Extremity Prosthetics); By End-Users Analysis (Hospitals, Prosthetic clinics, Rehabilitation Centers); By Technology Type Analysis (Conventional orthopedic prosthetics, Electric-powered orthopedic prosthetics, Hybrid orthopedic prosthetics) and by regional analysis - global forecast by

The Global Orthopedic Prosthetics Market is expected to exceed more than US$ 2.90 Billion by 2028 at a CAGR of 5% in the given forecast period.

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MARKET SNAPSHOT

Major Players

  • Össur
  • Hanger Inc
  • Otto Bock HealthCare GmbH
  • Blatchford Ltd
  • Touch Bionics Inc
  • Study period:

    2023-2028

    Base Year:

    2022

    CAGR:

    5

    Fastest Growing Market:

    APAC

    Largest Market:

    North America

    REPORT DESCRIPTION

    Orthopedic prosthetics introduce to the field bothered with the ID, creation, designing, and fitting uniquely designed simulated appendages in patient with a missing piece of appendage lost through sickness, injury, or an intrinsic condition. These uniquely designed orthopedic prosthetics require a blend of low weight and high quality. Along these lines, materials, for example, carbon fiber, Kevlar and titanium are generally utilized for creation. Tremendous advances in the field of CAD/CAM innovation and material science have helped the worldwide market orthopedic prosthetics create at an empowering pace in the previous couple of years. Prosthetic devices innovation has seen constant development, coming about into accessibility of cutting edge prosthetic devices. Low-temperature polyethylene therephthalate (LPET), polyetheretherketone (PEEK) are among the latest materials utilized for assembling prosthetic devices. To provide the individual needs of patients, producers are putting forth the alternative of custom made prosthetic devices. The customised prosthetic devices give more prominent level of usefulness and are made to fit the users or patients body. Users or patients who require prosthetics for games or recreation exercises are progressively requesting customized prosthetic devices.

    How Big is the Global Orthopedic Prosthetics Market?

    The Global Orthopedic Prosthetics Market is expected to exceed more than US$ 2.90 Billion by 2028 at a CAGR of 5% in the given forecast period.

    The major driving factors of Global Orthopedic Prosthetics Market are as follows:

    • Increasing ageing population with diabetic indication
    • Growing obesity rates and repayment of treatment
    • Strong healthcare consciousness and availability of personalized orthopedic prosthetic devices
    • Increase in sports injuries

    The restraining factors of Global Orthopedic Prosthetics Market are as follows:

    • Dearth of favorable reimbursement policies
    • Shortage of well-equipped rehabilitation centers
    • High price of the devices
    • Entry barriers specially relating to regulatory guidelines

    The Global Orthopedic Prosthetics Market is segmented on the lines of its product, end-users, technology type and regional. Based on product segmentation it covers modular components, sockets, liners, upper extremity prosthetics and lower extremity prosthetics. Based on end-users segmentation it covers hospitals, prosthetic clinics, rehabilitation centers, others. Based o technology type segmentation it covers conventional orthopaedic prosthetics, electric-powered orthopaedic prosthetics, hybrid orthopaedic prosthetics. The Global Orthopedic Prosthetics Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

    This report provides:
     
    1) An overview of the global market for Global Orthopedic Prosthetics Market and related technologies.
    2) Analyses of global market trends, with data from 2021, estimates for 2022 and 2023, and projections of compound annual growth rates (CAGRs) through 2028.
    3) Identifications of new market opportunities and targeted promotional plans for Global Orthopedic Prosthetics Market.
    4) Discussion of research and development, and the demand for new products and new applications.
    5) Comprehensive company profiles of major players in the industry.

    REPORT SCOPE:
    The scope of the report includes a detailed study of global and regional markets on Global Orthopedic Prosthetics Market with the reasons given for variations in the growth of the industry in certain regions.
     
    The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Össur, Hanger Inc., Otto Bock HealthCare GmbH, Blatchford Ltd., Touch Bionics Inc., The Ohio Willow Wood Co., Fillauer LLC., and Howard Orthopaedics Inc. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
     
    The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.

    The Global Orthopedic Prosthetics Market has been segmented as below:

    By Product Analysis:

    • Modular components
    • Sockets
    • Liners
    • Upper Extremity Prosthetics
    • Lower Extremity Prosthetics

    By End-Users Analysis:

    • Hospitals
    • Prosthetic clinics
    • Rehabilitation Centers
    • Others

    By Technology Type Analysis:

    • Conventional orthopedic prosthetics
    • Electric-powered orthopedic prosthetics
    • Hybrid orthopedic prosthetics

    By Regional Analysis:

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Reasons to Buy this Report:
    1) Obtain the most up to date information available on all Global Orthopedic Prosthetics Market.
    2) Identify growth segments and opportunities in the industry.
    3) Facilitate decision making on the basis of strong historic and forecast of Global Orthopedic Prosthetics Market data.
    4) Assess your competitor’s refining portfolio and its evolution.

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    The Global Orthopedic Prosthetics Market has been segmented as below:

    By Product Analysis:

    • Modular components
    • Sockets
    • Liners
    • Upper Extremity Prosthetics
    • Lower Extremity Prosthetics

    By End-Users Analysis:

    • Hospitals
    • Prosthetic clinics
    • Rehabilitation Centers
    • Others

    By Technology Type Analysis:

    • Conventional orthopedic prosthetics
    • Electric-powered orthopedic prosthetics
    • Hybrid orthopedic prosthetics

    By Regional Analysis:

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

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    The market is expected to grow at a CAGR of 5% during the study period (2023-2028)
    The Global Orthopedic Prosthetics Market is expected to exceed more than US$ 2.90 Billion by 2028.
    The segment included Orthopedic Prosthetics Market is Product, End-Users, Technology Type and region.
    Some key players operating in the Orthopedic Prosthetics Market include Össur, Hanger Inc., Otto Bock HealthCare GmbH, Blatchford Ltd., Touch Bionics Inc., The Ohio Willow Wood Co., Fillauer LLC.
    We can offer several formats of the market research reports including, • PDF • PPT • Spreadsheet/ Workbook

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