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Global Orthopedic Prosthetics Market Report and Forecast 2024-2032
Market Report (7 days) I 2024-02-12 I 160 Pages I EMR Inc.
Global Orthopedic Prosthetics Market Report and Forecast 2024-2032
Global Orthopedic Prosthetics Market Outlook
The global orthopedic prosthetics market size was valued at USD 2.2 billion in 2023, driven by increasing trend towards personalized prosthetics tailored to the unique anatomy and lifestyle needs of each patient across the globe. The market size is anticipated to grow at a CAGR of 6.57 % during the forecast period of 2024-2032 to achieve a value of USD 4.2 billion by 2032.
Orthopedic Prosthetics: Introduction
Orthopedic prosthetics refer to artificially made devices designed to replace, wholly or partially, a missing limb or a part of a limb. These prosthetics are engineered to restore function and mobility, allowing individuals to perform daily activities more effectively. Modern prosthetics are highly advanced, often customized to fit individual needs and may include sophisticated features like electronic sensors and microprocessors to mimic natural movement. They play a crucial role in rehabilitation and improving the quality of life for amputees.
Key Trends in the Global Orthopedic Prosthetics Market
There's a continuous focus on integrating cutting-edge technologies like 3D printing, advanced materials, and microprocessor-controlled joints to enhance the functionality and comfort of prosthetic devices. These technologies aim to provide more natural movement, adaptability to various terrains, and improved user control.
There's an increasing trend towards personalized prosthetics tailored to the unique anatomy and lifestyle needs of each patient. Customization ensures a better fit, increased comfort, and improved functionality, enhancing user satisfaction and adoption rates.
Alongside functional improvements, there's a growing demand for prosthetics that are aesthetically pleasing. Manufacturers are focusing on designs that are more natural-looking and customizable in terms of color, shape, and even tattoos or patterns, reflecting users' personal styles.
The integration of robotics and bionics into prosthetic limbs is becoming more prevalent. These advancements aim to provide users with enhanced mobility and capabilities, such as greater strength, precision, and the ability to perform complex tasks.
With the rise of telemedicine, there's a growing trend in remote monitoring and rehabilitation services for prosthetic users. This approach provides patients with convenient access to guidance and support, ensuring better compliance with rehabilitation protocols and adjustments to the device.
The market is also influenced by the healthcare policies and reimbursement schemes in different regions. Increasing coverage for advanced prosthetic devices encourages market growth by making these technologies more accessible to a broader population.
Global Orthopedic Prosthetics Market Segmentation
Market Breakup by Product
- Upper Extremity Prosthetics
- Lower Extremity Prosthetics
- Liners
- Sockets
- Other Products
Market Breakup by Technology
- Conventional Electric-powered
- Hybrid Orthopedic Prosthetics
Market Breakup by End User
- Hospitals
- Prosthetic Clinics
- Rehabilitation Centers
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Orthopedic Prosthetics Market Overview
In North America, the orthopedic prosthetics market is highly advanced, driven by technological innovation and a strong emphasis on patient quality of life. The region leads in adopting cutting-edge prosthetics with features like computerized control and sensory feedback. There's also a significant focus on customizing prosthetics for comfort and functionality, supported by robust healthcare infrastructure and insurance systems that often cover prosthetic services.
Europe's market benefits from comprehensive healthcare systems, strong regulatory support for medical devices, and a focus on high-quality craftsmanship in prosthetics. The region is active in research and development, with a focus on creating sustainable, advanced materials and integrating technology for improved prosthetic functionality. Collaboration across countries in the EU facilitates advancements in prosthetic design and accessibility, ensuring a high standard of care for amputees.
The market in the Asia-Pacific region is rapidly growing, driven by increasing healthcare expenditure, technological advancements, and a growing awareness of rehabilitation options. Countries like Japan and South Korea are at the forefront of technological integration in prosthetics. However, market growth varies across the region, influenced by differences in healthcare infrastructure, economic conditions, and access to specialized care.
Global Orthopedic Prosthetics Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players.
- Blatchford Limited
- Fillauer LLC
- Willow Wood Global LLC
- Steeper Inc.
- Mobius Bionics
- Synergy Prosthetics
- Human Technology Inc.
- United Prosthetics Inc.
- Coapt LLC
- Protunix
- Ossur
- Ottobock Inc.
- DGO Global Inc.
- Globus Medical
- Integra Lifesciences
We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Orthopedic Prosthetics Market Overview
3.1 Global Orthopedic Prosthetics Market Historical Value (2017-2023)
3.2 Global Orthopedic Prosthetics Market Forecast Value (2024-2032)
4 Global Orthopedic Prosthetics Market Landscape
4.1 Global Orthopedic Prosthetics Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Orthopedic Prosthetics Product Landscape
4.2.1 Analysis by Product
4.2.2 Analysis by Technology
5 Global Orthopedic Prosthetics Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter's Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Orthopedic Prosthetics Market Segmentation
6.1 Global Orthopedic Prosthetics Market by Product
6.1.1 Market Overview
6.1.2 Upper Extremity Prosthetics
6.1.3 Lower Extremity Prosthetics
6.1.4 Liners
6.1.5 Sockets
6.1.6 Other Products
6.2 Global Orthopedic Prosthetics Market by Technology
6.2.1 Market Overview
6.2.2 Conventional Electric-powered
6.2.3 Hybrid Orthopedic Prosthetics
6.3 Global Orthopedic Prosthetics Market by End User
6.3.1 Market Overview
6.3.2 Hospitals
6.3.3 Prosthetic Clinics
6.3.4 Rehabilitation Centers
6.3.5 Others
6.4 Global Orthopedic Prosthetics Market by Region
6.4.1 Market Overview
6.4.2 North America
6.4.3 Europe
6.4.4 Asia Pacific
6.4.5 Latin America
6.4.6 Middle East and Africa
7 North America Orthopedic Prosthetics Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Orthopedic Prosthetics Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Orthopedic Prosthetics Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Orthopedic Prosthetics Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Orthopedic Prosthetics Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Blatchford Limited
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Fillauer LLC
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Willow Wood Global LLC
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Steeper Inc.
17.4.1 Financial Analysis
17.4.2 Financial Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Mobius Bionics
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Synergy Prosthetics
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Human Technology Inc.
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 United Prosthetics Inc.
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Coapt LLC
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Protunix
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 Ossur
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 Ottobock Inc.
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
17.13 DGO Global Inc.
17.13.1 Financial Analysis
17.13.2 Product Portfolio
17.13.3 Demographic Reach and Achievements
17.13.4 Mergers and Acquisitions
17.13.5 Certifications
17.14 Globus Medical
17.14.1 Financial Analysis
17.14.2 Product Portfolio
17.14.3 Demographic Reach and Achievements
17.14.4 Mergers and Acquisitions
17.14.5 Certifications
17.15 Integra Lifesciences
17.15.1 Financial Analysis
17.15.2 Product Portfolio
17.15.3 Demographic Reach and Achievements
17.15.4 Mergers and Acquisitions
17.15.5 Certifications
18 Global Orthopedic Prosthetics Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
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