Global Prosthetics and Orthotics Market

A prosthetic device (prosthesis) is an artificial replacement for a missing limb or part of a limb, while an orthosis is an artificial appliance that supports the body part for the purpose of stabilization, support or movement reminder. Prosthetic devices can be more or less technologically complex. The most advanced types can provide patients with a high level of limb functionality, allowing them to perform various actions that would otherwise be challenging or impossible. Orthotic products resolve or alleviate issues that result from deformities or deficiencies. They can reduce stress on specific body parts and allow them to heal without swelling, discomfort, or inflammation. According to Gen Consulting Company, the global prosthetics and orthotics market is set to achieve an incremental growth of USD 2.2 billion, accelerating at a CAGR of almost 4.7% during the forecast period 2023-2029.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global prosthetics and orthotics market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, and region. The global market for prosthetics and orthotics can be segmented by product: orthotics (lower limb orthoses, spinal orthoses, upper limb orthoses), prosthetics (liners, lower extremity prostheses, modular components, sockets, upper extremity prostheses). The orthotics segment is estimated to account for the largest share of the global prosthetics and orthotics market. Prosthetics and orthotics market is further segmented by region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. North America held the largest revenue share in 2022.

The orthotics market is further segmented into lower limb orthoses, spinal orthoses, upper limb orthoses. The upper limb orthoses segment held the largest share of the global prosthetics and orthotics market in 2022 and is anticipated to hold its share during the forecast period. Furthermore, the prosthetics market has been categorized into liners, lower extremity prostheses, modular components, sockets, upper extremity prostheses. In 2022, the lower extremity prostheses segment made up the largest share of revenue generated by the prosthetics and orthotics market.

Market Segmentation
By product: orthotics (lower limb orthoses, spinal orthoses, upper limb orthoses), prosthetics (liners, lower extremity prostheses, modular components, sockets, upper extremity prostheses)
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The market research report covers the analysis of key stake holders of the global prosthetics and orthotics market. Some of the leading players profiled in the report include American Prosthetic Components, LLC, Aspen Medical Products, LLC, Bauerfeind AG, Blatchford Limited, Cascade Dafo, Inc., Click Medical, LLC, College Park Industries, Inc., Cypress Adaptive, LLC, F. G. Streifeneder KG, Fillauer Companies, Inc., FIOR & GENTZ GmbH, Freeman Manufacturing Co., Lindhe Xtend AB, medi GmbH & Co. KG, Orthomerica Products, Inc., Ossur hf. (Touch Bionics Limited), Ottobock SE & Co. KGaA, Prosthetic Solutions Limited (trading as Pro Armour), PROTEOR S.A.S, RCM Enterprise LLC dba Naked Prosthetics, Silipos Holding LLC, Steeper Inc., Thuasne SAS (Knit-Rite, Inc.), Trulife Group Limited, WillowWood Global LLC, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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Scope of the Report
• To analyze and forecast the market size of the global prosthetics and orthotics market.
• To classify and forecast the global prosthetics and orthotics market based on product, region.
• To identify drivers and challenges for the global prosthetics and orthotics market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global prosthetics and orthotics market.
• To identify and analyze the profile of leading players operating in the global prosthetics and orthotics market.

Why Choose This Report
• Gain a reliable outlook of the global prosthetics and orthotics market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.

Global Prosthetics and Orthotics Market

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Global Prosthetics and Orthotics Market - Report Scope
REPORT ATTRIBUTE

DETAILS

Base Year

2022

Forecast Year

2023-2029

CAGR (2023-2029)

4.7%

Pages

92

Key Players

American Prosthetic Components LLC, Aspen Medical Products LLC, Bauerfeind AG, Blatchford Limited, Cascade Dafo Inc., Click Medical LLC, College Park Industries Inc., Cypress Adaptive LLC, F. G. Streifeneder KG, Fillauer Companies Inc., FIOR & GENTZ GmbH, Freeman Manufacturing Co., Lindhe Xtend AB, medi GmbH & Co. KG, Orthomerica Products Inc., Ossur hf. (Touch Bionics Limited), Ottobock SE & Co. KGaA, Prosthetic Solutions Limited (trading as Pro Armour), PROTEOR S.A.S, RCM Enterprise LLC dba Naked Prosthetics, Silipos Holding LLC, Steeper Inc., Thuasne SAS (Knit-Rite Inc.), Trulife Group Limited, WillowWood Global LLC

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