Prosthetics and Orthotics Market: Global Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

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Prosthetics & Orthotics Market: By Product Type (Orthotics and Prosthetics), Technology (Conventional, Electric-powered, and Hybrid Orthopedic Prosthetics), End Users (Hospitals, Prosthetics Clinics, Rehabilitation Centre, and Others) and Geography

 

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Report

Description

Prosthetics and Orthotics Market size is expected to be valued at USD 8,421 million in 2022 and is expected to grow at a CAGR of 5.3% in 2022-2028. Prostheses refer to the usage of prosthetic limbs to reinstate normal movement in persons who have missing limbs. On the other hand, Orthotics is the creation and study of orthoses with the aim of offering accuracy and precision to artificial parts. The grouping of two professions has the possibility to deliver substantial patient rehabilitation. The increasing cases of road accidents along with sports damage around the world can lead to the growth of the prosthetics & orthotics market. Moreover, the increase in the incidences wherein patient needs amputation due to diabetes, and the increase in the global incidence of osteosarcoma are some primary factors that can boost the global prosthetics & orthotics market. Apart from these, growing progressions in the technologies used to manufacture and design customized and personalized prosthetics and orthotics can also accelerate the market in the future. The growing use along with the growing affordability of 3D printing materials techniques can also drive the global market further. However, some factors such as the absence of skilled professionals and the low-income position of a vast population, mainly in emerging economies can restrain the growth of the market. The growing incidence of duplication in this business can hinder the market growth. The increasing geriatric population can create an opportunity for the growth of the global prosthetics & orthotics market size. People above 60 are more disposed to illnesses like osteopenia and osteoporosis, which rises the demand for the orthopedic industry.

Key Developments:

In October 2020, Proteor acquired a part of Freedom Innovations’ array of lower limb prosthetics.

In June 2022, Walkin’ Pets announced a new orthopedic division

Prosthetics and Orthotics Market

MARKET SUMMARY
-
5.3%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 5.3%
  • Largest Market– North American
  • Fastest Growing Market– Asia-Pacific

Prosthetics and Orthotics Market

  • The prosthetics & orthotics market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The prosthetics & orthotics market is segmented based on, product type, technology, end users and geography.
Key Players
  • Ossur
  • Fillauer LLC
  • Ottobock Healthcare GmbH
  • Blatchford Inc.
  • Ultraflex Systems Inc.
Prosthetics and Orthotics Market Dynamics

One of the major reasons for the growth of the global prosthetics & orthotics market is an increase in demand for orthotic devices. The elderly population, which is more disposed to osteoporosis, osteoarthritis, and other body illnesses, the increasing prevalence of bone injury, and the growing sport-related injuries are rising the demand for orthotic devices. As people pursue substitutes to surgical deformity pain and repair management, the usage of orthotic devices will be used worldwide. Moreover, the progressions in the prosthetics and orthotics market are offering orthotic devices more accessible and affordable which is expected to propel the growth of the market in the forecast period.


Asia Pacific Got Significant Share

Prosthetics and Orthotics Market

The Asia Pacific is expected to dominate the global prosthetics & orthotics market due to an increase in the incidence of road accidents, growing cases of amputations related to diabetes, and helpful activities of the government. As per the report by the Asian Diabetes Prevention Initiative, 60% of the diabetic populace presently stays in Asia, and by 2030, it is expected that both India and China will contain about half a million people suffering from diabetes.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Prosthetics & Orthotics Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The prosthetics & orthotics market is projected to expand at a CAGR of 5.3% during the forecast period

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

Asia-Pacific is the fastest-growing region for prosthetics & orthotics market


Report

Table Of Content

1. Executive Summary
2. Global Prosthetics & Orthotics Market Introduction
2.1. Global Prosthetics & Orthotics Market – Taxonomy
2.2. Global Prosthetics & Orthotics Market –Definitions
2.2.1. Product Type
2.2.2. Technology
2.2.3. End User
2.2.4. By Region
3. Global Prosthetics & Orthotics Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Prosthetics & Orthotics Market Dynamic Factors – Impact Analysis
3.6. Global Prosthetics & Orthotics Market – Competition Landscape
3.7. Epidemiology
4. Global Prosthetics & Orthotics Market Analysis, 2017-2021 and Forecast, 2022-2028
4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Prosthetics & Orthotics Market, By Product Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1. Orthotics
5.1.1. Upper Limb
5.1.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.1.3. Market Opportunity Analysis
5.1.2. Lower Limb
5.1.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.2.3. Market Opportunity Analysis
5.1.3. Spinal Orthotics
5.1.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3.3. Market Opportunity Analysis
5.2. Prosthetics
5.2.1. Upper Extremity
5.2.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.1.3. Market Opportunity Analysis
5.2.2. Lower Extremity
5.2.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.2.3. Market Opportunity Analysis
5.2.3. Liners
5.2.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3.3. Market Opportunity Analysis
5.2.4. Sockets
5.2.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.4.3. Market Opportunity Analysis
5.2.5. Modular Components
5.2.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.5.3. Market Opportunity Analysis
6. Global Prosthetics & Orthotics Market, By Technology, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1. Conventional
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Electric-powered
6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Hybrid Orthopedic Prosthetics
6.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
7. Global Prosthetics & Orthotics Market, By End User, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1. Hospitals
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Prosthetics Clinics
7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Rehabilitation Centre
7.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Others
7.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
8. Global Prosthetics & Orthotics Market Forecast, By Region, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1. North America
8.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Prosthetics & Orthotics Market – Opportunity Analysis Index, By Product Type, By Technology, By End User, and Region, 2022-2028
9. North America Prosthetics & Orthotics Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Orthotics
9.1.1.1. Upper Limb
9.1.1.2. Lower Limb
9.1.1.3. Spinal Orthotics
9.1.2. Prosthetics
9.1.2.1. Upper Extremity
9.1.2.2. Lower Extremity
9.1.2.3. Liners
9.1.2.4. Sockets
9.1.2.5. Modular Components
9.2. Technology Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. Conventional
9.2.2. Electric-powered
9.2.3. Hybrid Orthopedic Prosthetics
9.3. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.3.1. Hospitals
9.3.2. Prosthetics Clinics
9.3.3. Rehabilitation Centre
9.3.4. Others
9.4. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Prosthetics & Orthotics Market – Opportunity Analysis Index, By Product Type, By Technology, By End User, and Country, 2022-2028
9.6. North America Prosthetics & Orthotics Market Dynamics – Trends
10. Europe Prosthetics & Orthotics Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Orthotics
10.1.1.1. Upper Limb
10.1.1.2. Lower Limb
10.1.1.3. Spinal Orthotics
10.1.2. Prosthetics
10.1.2.1. Upper Extremity
10.1.2.2. Lower Extremity
10.1.2.3. Liners
10.1.2.4. Sockets
10.1.2.5. Modular Components
10.2. Technology Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Conventional
10.2.2. Electric-powered
10.2.3. Hybrid Orthopedic Prosthetics
10.3. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.3.1. Hospitals
10.3.2. Prosthetics Clinics
10.3.3. Rehabilitation Centre
10.3.4. Others
10.4. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Rest of Europe
10.5. Europe Prosthetics & Orthotics Market – Opportunity Analysis Index, By Product Type, By Technology, By End User, and Country, 2022-2028
10.6. Europe Prosthetics & Orthotics Market Dynamics – Trends
11. Asia-Pacific Prosthetics & Orthotics Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
11.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Orthotics
11.1.1.1. Upper Limb
11.1.1.2. Lower Limb
11.1.1.3. Spinal Orthotics
11.1.2. Prosthetics
11.1.2.1. Upper Extremity
11.1.2.2. Lower Extremity
11.1.2.3. Liners
11.1.2.4. Sockets
11.1.2.5. Modular Components
11.2. Technology Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Conventional
11.2.2. Electric-powered
11.2.3. Hybrid Orthopedic Prosthetics
11.3. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.3.1. Hospitals
11.3.2. Prosthetics Clinics
11.3.3. Rehabilitation Centre
11.3.4. Others
11.4. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. China
11.4.2. India
11.4.3. Japan
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Prosthetics & Orthotics Market – Opportunity Analysis Index, By Product Type, By Technology, By End User, and Country, 2022-2028
11.6. Asia-Pacific Prosthetics & Orthotics Market Dynamics – Trends
12. Latin America Prosthetics & Orthotics Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
12.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Orthotics
12.1.1.1. Upper Limb
12.1.1.2. Lower Limb
12.1.1.3. Spinal Orthotics
12.1.2. Prosthetics
12.1.2.1. Upper Extremity
12.1.2.2. Lower Extremity
12.1.2.3. Liners
12.1.2.4. Sockets
12.1.2.5. Modular Components
12.2. Technology Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Conventional
12.2.2. Electric-powered
12.2.3. Hybrid Orthopedic Prosthetics
12.3. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.3.1. Hospitals
12.3.2. Prosthetics Clinics
12.3.3. Rehabilitation Centre
12.3.4. Others
12.4. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Rest of Latin America
12.5. Latin America Prosthetics & Orthotics Market – Opportunity Analysis Index, By Product Type, By Technology, By End User, and Country, 2022-2028
12.6. Latin America Prosthetics & Orthotics Market Dynamics – Trends
13. Middle East and Africa Prosthetics & Orthotics Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
13.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Orthotics
13.1.1.1. Upper Limb
13.1.1.2. Lower Limb
13.1.1.3. Spinal Orthotics
13.1.2. Prosthetics
13.1.2.1. Upper Extremity
13.1.2.2. Lower Extremity
13.1.2.3. Liners
13.1.2.4. Sockets
13.1.2.5. Modular Components
13.2. Technology Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Conventional
13.2.2. Electric-powered
13.2.3. Hybrid Orthopedic Prosthetics
13.3. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.3.1. Hospitals
13.3.2. Prosthetics Clinics
13.3.3. Rehabilitation Centre
13.3.4. Others
13.4. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. South Africa
13.4.3. Rest of MEA
13.5. MEA Prosthetics & Orthotics Market- Opportunity Analysis Index, By Product Type, By Technology, By End User, and Country, 2022-2028
13.6. MEA Prosthetics & Orthotics Market Dynamics – Trends
14. Competition Landscape
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Key Product Types, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Ossur
14.2.2. Fillauer LLC
14.2.3. Ottobock Healthcare GmbH
14.2.4. Blatchford Inc.
14.2.5. Ultraflex Systems Inc.
14.2.6. Shapeways, Inc.
14.2.7. Hanger, Inc.
14.2.8. Bauerfeind AG
15. Research Methodology
16. Key Assumptions and Acronyms

Report

Company Profile

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

Description

Prosthetics and Orthotics Market size is expected to be valued at USD 8,421 million in 2022 and is expected to grow at a CAGR of 5.3% in 2022-2028. Prostheses refer to the usage of prosthetic limbs to reinstate normal movement in persons who have missing limbs. On the other hand, Orthotics is the creation and study of orthoses with the aim of offering accuracy and precision to artificial parts. The grouping of two professions has the possibility to deliver substantial patient rehabilitation. The increasing cases of road accidents along with sports damage around the world can lead to the growth of the prosthetics & orthotics market. Moreover, the increase in the incidences wherein patient needs amputation due to diabetes, and the increase in the global incidence of osteosarcoma are some primary factors that can boost the global prosthetics & orthotics market. Apart from these, growing progressions in the technologies used to manufacture and design customized and personalized prosthetics and orthotics can also accelerate the market in the future. The growing use along with the growing affordability of 3D printing materials techniques can also drive the global market further. However, some factors such as the absence of skilled professionals and the low-income position of a vast population, mainly in emerging economies can restrain the growth of the market. The growing incidence of duplication in this business can hinder the market growth. The increasing geriatric population can create an opportunity for the growth of the global prosthetics & orthotics market size. People above 60 are more disposed to illnesses like osteopenia and osteoporosis, which rises the demand for the orthopedic industry.

Key Developments:

In October 2020, Proteor acquired a part of Freedom Innovations’ array of lower limb prosthetics.

In June 2022, Walkin’ Pets announced a new orthopedic division

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