- Orthotics
- Prosthetics
Prosthetics and Orthotics Market size was valued at USD 8,431 million in 2023, growing at a CAGR of 5.4% from 2024-2030. 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 to offer accuracy and precision to artificial parts. The grouping of two professions can 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 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 raises the demand for the orthopedic industry.
Prosthetics and Orthotics Market 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 Summary
Study Period
2024-2030
Base Year
2023
CAGR
5.4%
Largest Market
North American
Fastest Growing Market
Asia-Pacific
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 Regional Analysis
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
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- 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 And Orthotics Market Segmentation
By Product Type
By Technology
- Conventional
- Electric-powered
- Hybrid Orthopedic Prosthetics
By End Users
- Hospitals
- Prosthetics Clinics
- Rehabilitation Centre
- Others
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Frequently Asked Questions
The prosthetics and orthotics market size was valued at USD 8,431 million in 2023
The prosthetics and orthotics market key players are: Ossur Fillauer LLC Ottobock Healthcare GmbH Blatchford Inc. Ultraflex Systems Inc. Shapeways, Inc. Hanger, Inc. Bauerfeind AG
The prosthetics and orthotics market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 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, 2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1. Orthotics |
| 5.1.1. Upper Limb |
| 5.1.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1. Conventional |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1. Hospitals |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2024 - 2030 |
| 9. North America Prosthetics & Orthotics Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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, 2024 - 2030 |
| 9.6. North America Prosthetics & Orthotics Market Dynamics Trends |
| 10. Europe Prosthetics & Orthotics Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 10.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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, 2024 - 2030 |
| 10.6. Europe Prosthetics & Orthotics Market Dynamics Trends |
| 11. Asia-Pacific Prosthetics & Orthotics Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 11.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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, 2024 - 2030 |
| 11.6. Asia-Pacific Prosthetics & Orthotics Market Dynamics Trends |
| 12. Latin America Prosthetics & Orthotics Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 12.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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, 2024 - 2030 |
| 12.6. Latin America Prosthetics & Orthotics Market Dynamics Trends |
| 13. Middle East and Africa Prosthetics & Orthotics Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 13.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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, 2024 - 2030 |
| 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 |
- Ossur
- Fillauer LLC
- Ottobock Healthcare GmbH
- Blatchford Inc.
- Ultraflex Systems Inc.
- Shapeways, Inc.
- Hanger, Inc.
- Bauerfeind AG