Global Orthopedic Prosthetics Market is anticipated to grow with a healthy growth rate of more than 4.52% over the forecast period 2020-2027. Orthopedic prosthetics deals with the identification, designing, and manufacturing of custom-made artificial limbs in a patient. The devices are required to be of high strength and low weight. Hence, they use materials such as EVA (Ethylene-vinyl acetate), thermoplastics, carbon fiber, metals, or a combination of these for production. These devices are used to replace a damaged or missing body part caused by trauma, disease, or other medical conditions. Increasing number of trauma cases and accidental injuries drives the market growth. As per The National UAE, 3712 serious road accidents were recorded in 2018. Similarly, as per the Ministry of Transport, in Saudi Arabia, the number of accidents in 2017 as per the Ministry of Transport, were 17,632 resulting in 14,481 injuries and the 2331 deaths. Further, the number of accidents in the country in 2018 accounted to 13,221 resulting in 10,755 injuries and 1560 deaths. Further, rising prevalence of osteosarcoma and growing demand for Lower Extremity prosthetics owing to increasing ankle and fleet related disorders boosts the market growth. In recent years, the market for orthopedic prosthetics has witnessed significant developments in designing and production technologies which catalyzes the market growth. As in July 2018, Blatchford launched a novel sandal toe footshell for its products like Elan, Linx Echelon VAC. Also, in May 2018, OT world introduced Ossur Form Fit Pro Line of the 3D knitted supports to gain market. However, high costs impedes the growth of the market over the forecast period of 2020-2027. Although, development of new technologies presents a lucrative opportunity for the market.
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The regional analysis of global Orthopedic Prosthetics market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the early adoption of technology and well established infrastructure. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rapidly increasing prevalence of Orthopedic problems would create lucrative growth prospects for the Orthopedic Prosthetics market across Asia-Pacific region.
Major market player included in this report are:
Johnson & Johnson
- Braun Melsungen AG
Smith & Nephew plc
Zimmer Holdings Inc.
The Ohio Willow Wood Co.
Otto Bock Healthcare GmBH
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Upper Extremity Prosthetics
Lower Extremity Prosthetics
Hybrid Orthopedic Prosthetics
By End User:
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Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Orthopedic Prosthetics Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
Table of Contents
Chapter 1. Executive Summary
Chapter 2. Global Orthopaedic Prosthetics Market Definition and Scope
Chapter 3. Global Orthopaedic Prosthetics Market Dynamics
Chapter 4. Global Orthopaedic Prosthetics Market Industry Analysis
Chapter 5. Global Orthopaedic Prosthetics Market, by Product
Chapter 6. Global Orthopaedic Prosthetics Market, by Technology
Chapter 7. Global Orthopaedic Prosthetics Market, by End User
Chapter 8. Global Orthopaedic Prosthetics Market, Regional Analysis
Chapter 9. Competitive Intelligence
Chapter 10. Research Process
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