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The global prosthetics and orthotics market was valued at USD 9.04 billion in 2023, growing at a CAGR of 4.64% from 2024 to 2033. The market is expected to reach USD 14.23 billion by 2033. The growing demand for customized and personalized solutions and the rising prevalence of chronic illnesses and disabilities are expected to propel market growth. Developing advanced prosthetic and orthotics products does not ensure better health care and rehabilitation outcomes. Developing useful new technology requires a design process that carefully considers and addresses the needs of the relevant stakeholders (end-users, clinicians, funders ins, users, etc.). As with most medical devices, developing and commercializing prosthetic and orthotics technology is a complex and resource-intensive process. A new prosthetic and orthotics technology can undergo many design iterations informed by modelling and empirical testing before finding its place in the marketplace.
Creating innovative prosthetic and orthotics products does not guarantee improved healthcare and recovery results. The process of developing beneficial technology is a complex and intricate task that demands your expertise and thorough consideration of the requirements of concerned stakeholders, such as end-users, medical professionals, insurers, funders etc. Developing and marketing advanced prosthetics and orthotics products is an intricate task that demands substantial investment in terms of resources. Through various phases involving modeling and intensive testing it may take numerous iterations before a new product can finally find its niche in the market similar to most other medical devices available today.
Prosthetics and orthopedics are fields of clinical specialties that deal with post-amputation artificial limbs and support devices (orthotics) for people with musculoskeletal weakness or neurological disease. All devices must be an individual combination of appropriate materials, design, alignment and construction according to the individual's functional needs. Prosthetists and orthopedists are highly skilled allied health professionals who assess and treat people's physical and functional limitations resulting from disease and injury, including limb amputations. The job of prosthetics and orthopedics is to assess, determine, plan, adapt, observe, provide therapy and educate about the use and care of an appropriate prosthesis/orthosis that meets a person's needs. Prosthetics and orthotics are usually part of secondary care, rehabilitation and rehabilitation programs.
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The integration of robotics & artificial intelligence: The integration of robotics and artificial intelligence is one of the driving factors of market growth. Furthermore, the raised emphasis on natural appearance, the use of eco-friendly solutions, and coordination with healthcare and digital health systems are expected to drive market growth. Additionally, the increasing rate of obesity all around the globe due to different factors like massive consumption of junk food & unhealthy lifestyles are also helping to boost market growth. However, the increasing focus on improving the condition of healthcare facilities & enhancing the overall healthcare infrastructure is propelling the market growth over the forecast period.
The lack of consumer awareness: People in developing and underdeveloped regions are unaware of orthopaedic prosthetic appliances. Orthopaedic and prosthetic devices are used to reduce pain in the body. People with orthopaedic disorders can utilize the instruments of orthopaedic and prosthetics. Thus, the lack of customer awareness is restraining the market growth. Moreover, the lack of favourable reimbursement scenarios & technology penetration in developing economies will hinder market growth during the forecast period.
Research and development proficiencies: The rapid advancement in the prosthetic and orthotics field, such as using lightweight materials and integrating technology in device development is helping boost the market growth in the upcoming year. The technological advancements in prosthetics and orthotics powered by the enormous investments in research and development by the top market players and new product launches are also helping to boost the market growth. Furthermore, the increasing expenditure for research & development proficiencies, particularly in developing & developed economies, about medical devices and instruments are the driving factor of the market growth.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the largest global prosthetics and orthotics market, with a 45.4% market revenue share in 2023. The availability of well-established healthcare infrastructure and favourable reimbursement guidelines are expected to propel market growth in this region. Moreover, supportive government initiatives, the growing frequency of osteosarcoma, and the rising rates of sports injuries are expected to drive market growth in this region. Additionally, the increasing focus on R&D of new technologies for prosthetics and orthotics is expected to propel the market growth in this region. The Asia Pacific region will account for the largest market share with revenue growth. This growth is attributed to the rising R&D investments by companies. Moreover, the increasing cases of diabetes-related amputations and supportive government activities, along with the raised investments by the top players in research and development, are helping to boost the market growth in this region. However, the increasing disposable income in developing regions allows individuals to afford advanced prosthetic and orthotic devices, also helping to boost the market growth in this region.
North America Region Prosthetics and Orthotics Market Share in 2023 - 45.4%
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The technology segment is divided into electric-powered, conventional, and hybrid orthopedic prosthetics. The electric-powered segment dominated the market, with a market share of around 43.25% in 2023. This growth is attributed to the favourable reimbursement in the developed nations & the government initiatives in the developing countries.
The type segment is divided into prosthetics and orthotics. The prosthetics segment is subdivided into lower extremity, upper extremity, sockets, modular components, and liners. The orthotics segment is subdivided into lower limb, upper limb, and spinal orthotics. The orthotics segment dominated the market, with a share of around 56.2% in 2023. This growth is attributed to the rising penetration of orthopedic technologies. Further, technological innovations such as the creation of lightweight, adaptable medical devices and the advantages of orthotic therapies are also helping to boost the segment's market growth.
The end-user segment is divided into prosthetics clinics, hospitals, rehabilitation center, and others. The prosthetics clinics segment dominated the market, with a market share of around 32.2% in 2023. This growth is attributed to the increasing spending capacity of Individuals and the presence of skilled medical professionals.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2023 | USD 9.04 Billion |
| Market size value in 2033 | USD 14.23 Billion |
| CAGR (2024 to 2033) | 4.64% |
| Historical data | 2020-2022 |
| Base Year | 2023 |
| Forecast | 2024-2033 |
| Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | Technology, Type, End-User |
North America region emerged as the largest market for prosthetics and orthotics. The region held a market share of 45.4% in 2023.
The market's growth will be influenced by the increasing geriatric population.
The high costs associated with prosthetic and orthotic devices could hamper the market growth.
Advancements in prosthetic & orthotic technologies will provide huge opportunities to the market.
Key players Ottobock Healthcare GmbH, Fillauer LLC, Ultraflex Systems Inc., Ossur, Shapeways, Inc., Blatchford Inc., Bauerfeind AG, and Hanger, Inc. and among others.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Technology
4.3.2. Market Attractiveness Analysis By Type
4.3.3. Market Attractiveness Analysis By End-User
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. The increasing technological advancements in prosthetics & orthotics devices
5.2.2. The increasing number of sports injuries
5.2.3. The rising number of diabetes-related amputations
5.2.4. The integration of robotics & artificial intelligence
5.2.5. The increasing geriatric population
5.3. Restraints
5.3.1. The lack of consumer awareness
5.3.2. The high costs associated with prosthetic and orthotic devices
5.4. Opportunities
5.4.1. Advancements in prosthetic & orthotic technologies
5.4.2. The increasing expenditure for research & development proficiencies
6. Global Prosthetics and Orthotics Market Analysis and Forecast, By Technology
6.1. Segment Overview
6.2. Electric-powered
6.3. Conventional
6.4. Hybrid Orthopedic Prosthetics
7. Global Prosthetics and Orthotics Market Analysis and Forecast, By Type
7.1. Segment Overview
7.2. Prosthetics
7.2.1. Lower Extremity
7.2.2. Upper Extremity
7.2.3. Sockets
7.2.4. Modular Components
7.2.5. Liners
7.3. Orthotics
7.3.1. Lower Limb
7.3.2. Upper Limb
7.3.3. Spinal Orthotics
8. Global Prosthetics and Orthotics Market Analysis and Forecast, By End-User
8.1. Segment Overview
8.2. Prosthetics Clinics
8.3. Hospitals
8.4. Rehabilitation Centre
8.5. Others
9. Global Prosthetics and Orthotics Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Prosthetics and Orthotics Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Prosthetics and Orthotics Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Ottobock Healthcare GmbH
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Fillauer LLC
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Ultraflex Systems Inc.
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Ossur
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Shapeways, Inc.
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Blatchford Inc.
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Bauerfeind AG
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Hanger, Inc.
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
List of Table
1. Global Prosthetics and Orthotics Market, By Technology, 2020-2033 (USD Billion)
2. Global Electric-powered, Prosthetics and Orthotics Market, By Region, 2020-2033 (USD Billion)
3. Global Conventional, Prosthetics and Orthotics Market, By Region, 2020-2033 (USD Billion)
4. Global Hybrid Orthopedic Prosthetics, Prosthetics and Orthotics Market, By Region, 2020-2033 (USD Billion)
5. Global Prosthetics and Orthotics Market, By Type, 2020-2033 (USD Billion)
6. Global Prosthetics, Prosthetics and Orthotics Market, By Region, 2020-2033 (USD Billion)
7. Global Orthotics, Prosthetics and Orthotics Market, By Region, 2020-2033 (USD Billion)
8. Global Prosthetics and Orthotics Market, By End-User, 2020-2033 (USD Billion)
9. Global Prosthetics Clinics, Prosthetics and Orthotics Market, By Region, 2020-2033 (USD Billion)
10. Global Hospitals, Prosthetics and Orthotics Market, By Region, 2020-2033 (USD Billion)
11. Global Rehabilitation Centre, Prosthetics and Orthotics Market, By Region, 2020-2033 (USD Billion)
12. Global Others, Prosthetics and Orthotics Market, By Region, 2020-2033 (USD Billion)
13. North America Prosthetics and Orthotics Market, By Technology, 2020-2033 (USD Billion)
14. North America Prosthetics and Orthotics Market, By Type, 2020-2033 (USD Billion)
15. North America Prosthetics and Orthotics Market, By End-User, 2020-2033 (USD Billion)
16. U.S. Prosthetics and Orthotics Market, By Technology, 2020-2033 (USD Billion)
17. U.S. Prosthetics and Orthotics Market, By Type, 2020-2033 (USD Billion)
18. U.S. Prosthetics and Orthotics Market, By End-User, 2020-2033 (USD Billion)
19. Canada Prosthetics and Orthotics Market, By Technology, 2020-2033 (USD Billion)
20. Canada Prosthetics and Orthotics Market, By Type, 2020-2033 (USD Billion)
21. Canada Prosthetics and Orthotics Market, By End-User, 2020-2033 (USD Billion)
22. Mexico Prosthetics and Orthotics Market, By Technology, 2020-2033 (USD Billion)
23. Mexico Prosthetics and Orthotics Market, By Type, 2020-2033 (USD Billion)
24. Mexico Prosthetics and Orthotics Market, By End-User, 2020-2033 (USD Billion)
25. Europe Prosthetics and Orthotics Market, By Technology, 2020-2033 (USD Billion)
26. Europe Prosthetics and Orthotics Market, By Type, 2020-2033 (USD Billion)
27. Europe Prosthetics and Orthotics Market, By End-User, 2020-2033 (USD Billion)
28. Germany Prosthetics and Orthotics Market, By Technology, 2020-2033 (USD Billion)
29. Germany Prosthetics and Orthotics Market, By Type, 2020-2033 (USD Billion)
30. Germany Prosthetics and Orthotics Market, By End-User, 2020-2033 (USD Billion)
31. France Prosthetics and Orthotics Market, By Technology, 2020-2033 (USD Billion)
32. France Prosthetics and Orthotics Market, By Type, 2020-2033 (USD Billion)
33. France Prosthetics and Orthotics Market, By End-User, 2020-2033 (USD Billion)
34. U.K. Prosthetics and Orthotics Market, By Technology, 2020-2033 (USD Billion)
35. U.K. Prosthetics and Orthotics Market, By Type, 2020-2033 (USD Billion)
36. U.K. Prosthetics and Orthotics Market, By End-User, 2020-2033 (USD Billion)
37. Italy Prosthetics and Orthotics Market, By Technology, 2020-2033 (USD Billion)
38. Italy Prosthetics and Orthotics Market, By Type, 2020-2033 (USD Billion)
39. Italy Prosthetics and Orthotics Market, By End-User, 2020-2033 (USD Billion)
40. Spain Prosthetics and Orthotics Market, By Technology, 2020-2033 (USD Billion)
41. Spain Prosthetics and Orthotics Market, By Type, 2020-2033 (USD Billion)
42. Spain Prosthetics and Orthotics Market, By End-User, 2020-2033 (USD Billion)
43. Asia Pacific Prosthetics and Orthotics Market, By Technology, 2020-2033 (USD Billion)
44. Asia Pacific Prosthetics and Orthotics Market, By Type, 2020-2033 (USD Billion)
45. Asia Pacific Prosthetics and Orthotics Market, By End-User, 2020-2033 (USD Billion)
46. Japan Prosthetics and Orthotics Market, By Technology, 2020-2033 (USD Billion)
47. Japan Prosthetics and Orthotics Market, By Type, 2020-2033 (USD Billion)
48. Japan Prosthetics and Orthotics Market, By End-User, 2020-2033 (USD Billion)
49. China Prosthetics and Orthotics Market, By Technology, 2020-2033 (USD Billion)
50. China Prosthetics and Orthotics Market, By Type, 2020-2033 (USD Billion)
51. China Prosthetics and Orthotics Market, By End-User, 2020-2033 (USD Billion)
52. India Prosthetics and Orthotics Market, By Technology, 2020-2033 (USD Billion)
53. India Prosthetics and Orthotics Market, By Type, 2020-2033 (USD Billion)
54. India Prosthetics and Orthotics Market, By End-User, 2020-2033 (USD Billion)
55. South America Prosthetics and Orthotics Market, By Technology, 2020-2033 (USD Billion)
56. South America Prosthetics and Orthotics Market, By Type, 2020-2033 (USD Billion)
57. South America Prosthetics and Orthotics Market, By End-User, 2020-2033 (USD Billion)
58. Brazil Prosthetics and Orthotics Market, By Technology, 2020-2033 (USD Billion)
59. Brazil Prosthetics and Orthotics Market, By Type, 2020-2033 (USD Billion)
60. Brazil Prosthetics and Orthotics Market, By End-User, 2020-2033 (USD Billion)
61. Middle East and Africa Prosthetics and Orthotics Market, By Technology, 2020-2033 (USD Billion)
62. Middle East and Africa Prosthetics and Orthotics Market, By Type, 2020-2033 (USD Billion)
63. Middle East and Africa Prosthetics and Orthotics Market, By End-User, 2020-2033 (USD Billion)
64. UAE Prosthetics and Orthotics Market, By Technology, 2020-2033 (USD Billion)
65. UAE Prosthetics and Orthotics Market, By Type, 2020-2033 (USD Billion)
66. UAE Prosthetics and Orthotics Market, By End-User, 2020-2033 (USD Billion)
67. South Africa Prosthetics and Orthotics Market, By Technology, 2020-2033 (USD Billion)
68. South Africa Prosthetics and Orthotics Market, By Type, 2020-2033 (USD Billion)
69. South Africa Prosthetics and Orthotics Market, By End-User, 2020-2033 (USD Billion)
List of Figures
1. Global Prosthetics and Orthotics Market Segmentation
2. Global Prosthetics and Orthotics Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top- Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Prosthetics and Orthotics Market Attractiveness Analysis By Technology
9. Global Prosthetics and Orthotics Market Attractiveness Analysis By Type
10. Global Prosthetics and Orthotics Market Attractiveness Analysis By End-User
11. Global Prosthetics and Orthotics Market Attractiveness Analysis By Region
12. Global Prosthetics and Orthotics Market: Dynamics
13. Global Prosthetics and Orthotics Market Share By Technology (2023 & 2033)
14. Global Prosthetics and Orthotics Market Share By Type (2023 & 2033)
15. Global Prosthetics and Orthotics Market Share By End-User (2023 & 2033)
16. Global Prosthetics and Orthotics Market Share By Regions (2023 & 2033)
17. Global Prosthetics and Orthotics Market Share By Company (2023)
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global prosthetics and orthotics based on below mentioned segments:
Global Prosthetics and Orthotics Market by Technology:
Global Prosthetics and Orthotics Market by Type:
Global Prosthetics and Orthotics Market by End-User:
Global Prosthetics and Orthotics by Region:
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