Prosthetics and Orthotics Market Size will reach 15.42 billion USD by 2030

According to Precedence Research, during the forecast period of 2022 to 2030, the global prosthetics and orthotics market is estimated to develop at a compound annual growth rate (CAGR) of 5%. The global prosthetics and orthotics market was valued at USD 9.93 billion in 2021, and it is predicted to exceed USD 1 5.42 billion by 2030. The study investigates several elements and their consequences on the growth of the prosthetics and orthotics market.

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Growth Factor

The rising occurrences of sports wounds, aggregate occurrence of osteosarcoma, and intensifying elderly populace are the crucial influences boosting the prosthetics and orthotics market. Currently, more people are choosing sports as a career, growing the likelihood of numerous sports injuries. The elderly are more vulnerable to conditions, for example, osteoporosis, and osteopenia making them common users of numerous orthopedic solutions. Growing the frequency of osteosarcoma in children and adults is furthermore pouring the growth of prosthetics and orthotics market considerably.

Report Scope of the Prosthetics and Orthotics Market

Patients improving from surgery frequently need orthopedic devices and prosthetics as a part of post-surgery treatment, which is slated to propel the market growth in the upcoming years. Moreover, the technological advancement in orthotics and prosthetics is expected to provide lucrative opportunities to the market in the near future. Conversely, the high cost of the customized orthotic devices is anticipated to hinder the market growth during the forecast period.

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This report focuses on prosthetics and orthotics market volume and value at the global level, regional level and company level. From a global perspective, this report represents overall prosthetics and orthotics market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Middle East & Africa, Latin America, etc.

The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Report Highlights

• The orthotics segment is projected to witness considerable growth in terms of revenue, over the forecast period. Growing cases of diabetes-related amputations across the world are acting as the pouring factor for this segment.
• The Asia Pacific region is projected to exhibit the highest growth rate over the projection period. An upsurge in disposable income and supportive government initiatives will propel the market growth in the coming years.
• Rising pervasiveness of bone-related illnesses such as osteoporosis, osteosarcoma, and osteopenia are predicted to accelerate demand for orthotics across the globe
• Product launches, acquisitions, mergers and partnerships & collaborations are considered as fundamental strategies adopted by the plentiful market players to expand their market share and gain a competitive advantage.
• Development of microprocessor-controlled prosthetics will offer usual prosthetic problems with a front-line tactic and will offer smoother and natural motions via improvement of this technology for prosthetics

In-Depth Analysis on Competitive Landscape

The report sheds light on leading manufacturers of prosthetics and orthotics, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of prosthetics and orthotics has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolio, key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting market status and predicting the competition level in the prosthetics and orthotics market.

Some of the prominent players in the prosthetics and orthotics market include:

• Ossur
• Fillauer LLC
• Ottobock Healthcare GmbH
• Blatchford Inc.
• Ultraflex Systems Inc.
• Shapeways, Inc.
• Hanger, Inc.
• Bauerfeind AG

Segments Covered in the Report

By Type

• Orthotics
  • Upper Limb
  • Lower Limb
  • Spinal Orthotics
• Prosthetics
  • Upper Extremity
  • Lower Extremity
  • Liners
  • Sockets
  • Modular Components

By Technology

• Conventional
• Electric-powered
• Hybrid Orthopedic Prosthetics

By End Users

• Hospitals
• Prosthetics Clinics
• Rehabilitation Centre
• Others

Regional Segmentation

• Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
• Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
• North America [United States, Canada, Mexico]
• South America [Brazil, Argentina, Columbia, Chile, Peru]
• Middle East & Africa [GCC, North Africa, South Africa]

Some of the important ones are:

• What can be the best investment choices for venturing into new product and service lines?
• What value propositions should businesses aim at while making new research and development funding?
• Which regulations will be most helpful for stakeholders to boost their supply chain network?
• Which regions might see the demand maturing in certain segments in near future?
• What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
• Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
• Which government regulations might challenge the status of key regional markets?
• How will the emerging political and economic scenario affect opportunities in key growth areas?
• What are some of the value-grab opportunities in various segments?
• What will be the barrier to entry for new players in the market?

Table of Contents

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Prosthetics And Orthotics Market, By Product

7.1. Prosthetics And Orthotics Market, by Product Type, 2021-2030
7.1.1. Orthotics
7.1.1.1. Upper Limb
7.1.1.2. Lower Limb
7.1.1.3. Spinal Orthotics
7.1.1.4. Market Revenue and Forecast (2019-2030)
7.1.2. Prosthetics
7.1.2.1. Upper Extremity
7.1.2.2. Lower Extremity
7.1.2.3. Liners
7.1.2.4. Sockets
7.1.2.5. Modular Components
7.1.2.6. Market Revenue and Forecast (2019-2030)

Chapter 8. Global Prosthetics And Orthotics Market, Regional Estimates and Trend Forecast

8.1. North America
8.1.1. Market Revenue and Forecast, by Product (2019-2030)
8.1.2. U.S.
8.1.3. Rest of North America
8.1.3.1. Market Revenue and Forecast, by Product (2019-2030)
8.2. Europe
8.2.1. Market Revenue and Forecast, by Product (2019-2030)
8.2.2. UK
8.2.2.1. Market Revenue and Forecast, by Product (2019-2030)
8.2.3. France
8.2.3.1. Market Revenue and Forecast, by Product (2019-2030)
8.2.4. Rest of Europe
8.2.4.1. Market Revenue and Forecast, by Product (2019-2030)
8.3. APAC
8.3.1. Market Revenue and Forecast, by Product (2019-2030)
8.3.2. India
8.3.2.1. Market Revenue and Forecast, by Product (2019-2030)
8.3.3. China
8.3.3.1. Market Revenue and Forecast, by Product (2019-2030)
8.3.4. Japan
8.3.4.1. Market Revenue and Forecast, by Product (2019-2030)
8.3.5. Rest of APAC
8.3.5.1. Market Revenue and Forecast, by Product (2019-2030)
8.4. MEA
8.4.1. Market Revenue and Forecast, by Product (2019-2030)
8.4.2. GCC
8.4.2.1. Market Revenue and Forecast, by Product (2019-2030)
8.4.3. North Africa
8.4.3.1. Market Revenue and Forecast, by Product (2019-2030)
8.4.4. South Africa
8.4.4.1. Market Revenue and Forecast, by Product (2019-2030)
8.4.5. Rest of MEA
8.4.5.1. Market Revenue and Forecast, by Product (2019-2030)
8.5. Latin America
8.5.1. Market Revenue and Forecast, by Product (2019-2030)
8.5.2. Brazil
8.5.2.1. Market Revenue and Forecast, by Product (2019-2030)
8.5.3. Rest of LATAM
8.5.3.1. Market Revenue and Forecast, by Product (2019-2030)

Chapter 9. Company Profiles

9.1. Ossur
9.1.1. Company Overview
9.1.2. Product Offerings
9.1.3. Financial Performance
9.1.4. Recent Initiatives
9.2. Fillauer LLC
9.2.1. Company Overview
9.2.2. Product Offerings
9.2.3. Financial Performance
9.2.4. Recent Initiatives
9.3. Ottobock Healthcare GmbH
9.3.1. Company Overview
9.3.2. Product Offerings
9.3.3. Financial Performance
9.3.4. Recent Initiatives
9.4. Blatchford Inc.
9.4.1. Company Overview
9.4.2. Product Offerings
9.4.3. Financial Performance
9.4.4. Recent Initiatives
9.5. Ultraflex Systems Inc.
9.5.1. Company Overview
9.5.2. Product Offerings
9.5.3. Financial Performance
9.5.4. Recent Initiatives
9.6. Shapeways, Inc.
9.6.1. Company Overview
9.6.2. Product Offerings
9.6.3. Financial Performance
9.6.4. Recent Initiatives
9.7. Hanger, Inc.
9.7.1. Company Overview
9.7.2. Product Offerings
9.7.3. Financial Performance
9.7.4. Recent Initiatives
9.8. Bauerfeind AG
9.8.1. Company Overview
9.8.2. Product Offerings
9.8.3. Financial Performance
9.8.4. Recent Initiatives

Chapter 10. Research Methodology

10.1. Primary Research
10.2. Secondary Research
10.3. Assumptions

Chapter 11. Appendix

11.1. About Us
11.2. Glossary of Terms

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