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Prosthetics & Orthotics Global Market Report 2022

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    Report

  • 175 Pages
  • September 2022
  • Region: Global
  • The Business Research Company
  • ID: 5652820
Major players in the prosthetics & orthotics market are Fillauer LLC, Bauerfeind AG, Otto Bock Healthcare GmbH, Zimmer Biomet Holdings Inc, Blatchford Limited, WillowWood Global LLC, The Ohio Willow Wood Company, Steeper Group, Johnson and Johnson, Stryker Corporation, Smith & Nephew PLC, Howard Orthopedics Inc, Shapeways Inc, Hanger Inc, and Coloplast.

The global prosthetics and orthotics market is expected to grow from $7.32 billion in 2021 to $7.65 billion in 2022 at a compound annual growth rate (CAGR) of 4.57%. The prosthetics and orthotics market is expected to grow to $9.33 billion in 2026 at a compound annual growth rate (CAGR) of 5.09%.

The prosthetics & orthotics market consists of the sales of prosthetics and orthotics products by entities (organizations, partnerships, and sole proprietors) that refer to artificial prosthetics and orthotics medical devices used to support deformity parts of the human body. The purpose of prosthetics & orthotics devices is to fit comfortably and allows people with limb amputations or physical impairments of their limbs or spine to achieve functional ability.

The main types of prosthetics & orthotics market include prosthetics and orthotics. Prosthetics are artificial limbs or body parts used to replace lost body parts due to amputation or lack of development. The categories of prosthetics & orthotics include upper limb, lower limb, and spinal. Hospitals, clinics, rehabilitation centres, and others utilize prosthetics & orthotics. The different technologies used in prosthetics & orthotics include conventional, electrical-powered, and hybrid technologies.

North America was the largest region in the prosthetics orthotics market in 2021. The Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the prosthetics and orthotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The prosthetics and orthotics market research report is one of a series of new reports that provides prosthetics and orthotics market statistics, including prosthetics and orthotics industry global market size, regional shares, competitors with a prosthetics and orthotics market share, detailed prosthetics and orthotics market segments, market trends and opportunities, and any further data you may need to thrive in the prosthetics and orthotics industry. This prosthetics and orthotics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The increasing sports injuries and road accident cases significantly drive the prosthetics and orthotics market. Road accidents are caused by distracted driving and high speeding. These conditions cause many disabilities in the injured people, entailing the use of prosthetics and orthotics for recovery and restoring normal day-to-day function. According to the report by National Crime Records Bureau, India, In July 2021, road crash deaths in the country have increased by 1.3 percent to 1,54,732 from 1,52,780. Additionally, the leading cause of sports injuries is the year-round participation of athletes in a single sport, resulting in more injuries. For instance, In a report by National Safety Council (NSC), bicycling sports were responsible for approximately 426,000 damages in 2020, Exercise, with or without equipment, in second with about 378,000 injuries, while OHV, moped, and minibike in third with 230,000 injuries, and skateboard, scooter, and hoverboard in fourth with 218,000 injuries. Therefore, increasing sports injuries and road accident cases are expected to boost demand for prosthetics and orthotics during the forecast period.

Technological advancement is a new trend gaining popularity in the prosthetics and orthotics market. Major companies operating in the prosthetics and orthotics market are focused on providing technologically-advanced products to strengthen their market position. These companies are implementing next-generation technologies into their products and related services, such as automation, artificial intelligence (AI), microprocessor, neuromuscular signal technology, sensory control, and others, to provide smoother, more natural motions and functions. For instance, In June 2019, Össur, an orthopaedic device company, launched next-generation Proprio Foot intelligent prosthesis that uses artificial intelligence to detect and respond to changes in users' walking style and terrain. The newly upgraded microprocessor ankle is faster than the previous model, allowing users to walk naturally and comfortably on various terrains such as stairs and ramps.

In October 2020, Proteor, a France-based international group specializing in prosthetic and orthotic solutions, acquired a portion of Freedom Innovations' array of lower limb prosthetics. With this acquisition, Proteor combines the Freedom Innovations' expertise to generate momentum to build a presence within the prosthetics and orthotics. Proteor added Freedom Innovations' flagship lower limb products to its portfolios, including Plié3 microprocessor knee, Kinnex, and Kinterra ankles, Agilix, Highlander, Dynadapt, Sierra, and Pacifica feet products. Freedom Innovations is an American brand and a part of the product portfolio from Ottobock. Ottobock is a German-based company that operates in orthopedic technology.

The countries covered in the prosthetics and orthotics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.



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Table of Contents

1. Executive Summary2. Prosthetics & Orthotics Market Characteristics3. Prosthetics & Orthotics Market Trends And Strategies4. Impact Of COVID-19 On Prosthetics & Orthotics
5. Prosthetics & Orthotics Market Size And Growth
5.1. Global Prosthetics & Orthotics Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Prosthetics & Orthotics Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Prosthetics & Orthotics Market Segmentation
6.1. Global Prosthetics & Orthotics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Prosthetics
  • Orthotics
6.2. Global Prosthetics & Orthotics Market, Segmentation By Category, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Upper limb
  • Lower limb
  • Spinal
6.3. Global Prosthetics & Orthotics Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Conventional
  • Electric-Powered
  • Hybrid Orthopedic Prosthetics
6.4. Global Prosthetics & Orthotics Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Hospitals
  • Clinics
  • Rehabilitation Centers
  • Others
7. Prosthetics & Orthotics Market Regional And Country Analysis
7.1. Global Prosthetics & Orthotics Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Prosthetics & Orthotics Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Prosthetics & Orthotics Market
8.1. Asia-Pacific Prosthetics & Orthotics Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Prosthetics & Orthotics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Prosthetics & Orthotics Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Prosthetics & Orthotics Market
9.1. China Prosthetics & Orthotics Market Overview
9.2. China Prosthetics & Orthotics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Prosthetics & Orthotics Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Prosthetics & Orthotics Market
10.1. India Prosthetics & Orthotics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Prosthetics & Orthotics Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Prosthetics & Orthotics Market
11.1. Japan Prosthetics & Orthotics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Prosthetics & Orthotics Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Prosthetics & Orthotics Market
12.1. Australia Prosthetics & Orthotics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Prosthetics & Orthotics Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Prosthetics & Orthotics Market
13.1. Indonesia Prosthetics & Orthotics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Prosthetics & Orthotics Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Prosthetics & Orthotics Market
14.1. South Korea Prosthetics & Orthotics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Prosthetics & Orthotics Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Prosthetics & Orthotics Market
15.1. Western Europe Prosthetics & Orthotics Market Overview
15.2. Western Europe Prosthetics & Orthotics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Prosthetics & Orthotics Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Prosthetics & Orthotics Market
16.1. UK Prosthetics & Orthotics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Prosthetics & Orthotics Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Prosthetics & Orthotics Market
17.1. Germany Prosthetics & Orthotics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Prosthetics & Orthotics Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Prosthetics & Orthotics Market
18.1. France Prosthetics & Orthotics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.2. France Prosthetics & Orthotics Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Prosthetics & Orthotics Market
19.1. Eastern Europe Prosthetics & Orthotics Market Overview
19.2. Eastern Europe Prosthetics & Orthotics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Prosthetics & Orthotics Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Prosthetics & Orthotics Market
20.1. Russia Prosthetics & Orthotics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Prosthetics & Orthotics Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Prosthetics & Orthotics Market
21.1. North America Prosthetics & Orthotics Market Overview
21.2. North America Prosthetics & Orthotics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Prosthetics & Orthotics Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Prosthetics & Orthotics Market
22.1. USA Prosthetics & Orthotics Market Overview
22.2. USA Prosthetics & Orthotics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Prosthetics & Orthotics Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Prosthetics & Orthotics Market
23.1. South America Prosthetics & Orthotics Market Overview
23.2. South America Prosthetics & Orthotics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Prosthetics & Orthotics Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Prosthetics & Orthotics Market
24.1. Brazil Prosthetics & Orthotics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Prosthetics & Orthotics Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Prosthetics & Orthotics Market
25.1. Middle East Prosthetics & Orthotics Market Overview
25.2. Middle East Prosthetics & Orthotics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Prosthetics & Orthotics Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Prosthetics & Orthotics Market
26.1. Africa Prosthetics & Orthotics Market Overview
26.2. Africa Prosthetics & Orthotics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Prosthetics & Orthotics Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Prosthetics & Orthotics Market Competitive Landscape And Company Profiles
27.1. Prosthetics & Orthotics Market Competitive Landscape
27.2. Prosthetics & Orthotics Market Company Profiles
27.2.1. Fillauer LLC
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Bauerfeind AG
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Otto Bock Healthcare GmbH
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Zimmer Biomet Holdings Inc
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Blatchford Limited
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Prosthetics & Orthotics Market29. Prosthetics & Orthotics Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright And Disclaimer

Executive Summary

Prosthetics & Orthotics Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global prosthetics & orthotics market.

This report focuses on prosthetics & orthotics market which is experiencing strong growth. The report gives a guide to the prosthetics & orthotics market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the prosthetics & orthotics? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Prosthetics & Orthotics market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider prosthetics & orthotics market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The prosthetics & orthotics market section of the report gives context. It compares the prosthetics & orthotics market with other segments of the prosthetics & orthotics market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, prosthetics & orthotics indicators comparison.

Scope

Markets Covered:

1) By Type: Prosthetics; Orthotics
2) By Category: Upper limb; Lower limb; Spinal
3) By Technology: Conventional; Electric-Powered; Hybrid Orthopedic Prosthetics
4) By Application: Hospitals; Clinics; Rehabilitation Centers; Others

Companies Mentioned: Fillauer LLC; Bauerfeind AG; Otto Bock Healthcare GmbH; Zimmer Biomet Holdings Inc.; Blatchford Limited

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Fillauer LLC
  • Bauerfeind AG
  • Otto Bock Healthcare GmbH
  • Zimmer Biomet Holdings Inc.
  • Blatchford Limited

Methodology

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