Global Orthopedic Prosthesis Devices Market was valued at USD 2.22 billion in 2021, and growing at a CAGR of 5.84% during the forecast period (2022 to 2027), it is expected to reach USD 3.10 billion by 2027.
Some key factors, such as the rising prevalence of lifestyle disorders, increasing trauma cases, the growing number of sports-related injuries, and technological advancements in product development, are expected to influence the Global Orthopedic Prosthesis Devices Market Growth in the coming years. Some of the key companies in the Orthopedic Prosthesis Devices Market include Ottobock, Boston Orthotics & Prosthetics, LeTourneau Prosthetics and Orthotics, Advanced Arm Dynamics, TASKA Prosthetics, NAKED PROSTHETICS, Steeper Inc, Össur, medi GmbH & Co. KG, Orthotic & Prosthetic Lab, BioMetrics Prosthetic and Orthotic CT, Trulife, INTEGRUM, Mobius Bionics, Open Bionics, Blatchford Limited, inMotion Prosthetics and Orthotics, SYNERGY PROSTHETICS, Motorica LLC, WillowWood Global LLC, and others.
DelveInsight’s “Orthopedic Prosthesis Devices Market” research report provides the current and forecasted Orthopedic Prosthesis Devices Market trends for the next five years, upcoming innovations in the segment, individual market shares, challenges, market drivers & barriers, and key competitors in the domain.
Orthopedic Prosthesis Devices Overview
Orthopedic Prosthesis Devices are designed to aid the body parts, such as limbs and joints, which may have been lost through trauma or disease, or be missing due to congenital conditions. These devices prevent and manage musculoskeletal problems by providing orthotics support.
To provide a better understanding of the Orthopedic Prosthesis Devices, Delveinsight’s report on “Orthopedic Prosthesis Devices Market” provides segmentation by product type (upper extremity Orthopedic Prosthesis Devices [shoulder, elbow, hand & wrist, and fingers], and lower extremity Orthopedic Prosthesis Devices [foot & ankle, knee, hip, and others]), by technology (active [body-powered and electric-powered] and passive), by customization (prefabricated and customized), by age group (adult and pediatric), by end-user (hospitals, ambulatory surgical centers, and others), by geography (North America, Europe, Asia-pacific, and rest of the world)
As per DelveInsight’s assessment, in the technology segment of the Orthopedic Prosthesis Devices market, the active prosthesis devices are expected to account for the significant market share during the forecast period. The active prosthesis devices are subcategorized into body-powered and electric-powered prosthetics. The electric-powered prosthetics are expected to account for a significant revenue share in the orthopedic prosthetic devices market.
Orthopedic Prosthesis Devices Market Analysis
As per DelveInsight, the Orthopedic Prosthesis Devices Market is expected to grow in the coming years owing to the factors such as the rising prevalence of diabetes, the increase in the number of trauma cases (due to road accidents and violence), and technological advancements in product development activities, among others.
Worldwide, the number of cases of Diabetes is rising at a phenomenal rate. As per International Diabetes Federation, in 2021, approximately 537 million adults (20-79 years) are living with diabetes globally, which is expected to grow to 643 million by 2030 and 784 million by 2045. Diabetes is considered one of the leading causes of limb amputation. The rise in the cases of diabetes is expected to drive the demand for Orthopedic Prosthesis Devices. Furthermore, another key contributor to the growing demand for orthopedic prosthetics is the increase in the number of trauma cases due to road accidents and violence. Road and industry-related accidents, injuries, and violence are reported to be common causes leading to limb amputation. As per the data by WHO on Injuries and violence (2021), nearly 4.4 million people lose their lives worldwide each year due to both unintentional and violence-related injuries.
Despite several positive factors, some of the key aspects, such as side effects associated with prolonged orthopedic prosthetics usage, fitting-related issues with the devices in overweight people, and limitations associated with different product types, are expected to inhibit the Orthopedic Prosthesis Devices Market growth.
Interested to know more about the ongoing developments in the Global Orthopedic Prosthesis Devices Market? Visit to get an in-depth insight into Orthopedic Prosthesis Devices Types and Emerging Products
Orthopedic Prosthesis Devices Market Assessment
Among all the regions, North America is expected to account for a significant market share in the Orthopedic Prosthesis Devices Market. North America is expected to dominate the market owing to the increasing prevalence of osteosarcoma, a high number of sports-related injuries, the increasing prevalence of peripheral artery disease, and high awareness among people.
The high prevalence of peripheral artery disease (PAD) in North America, particularly the United States, will influence the Orthopedic Prosthesis Devices Market growth. According to CDC (2021), “about 6.5 million Americans in the age group 40 and over suffer from PAD. People with advanced stages of PAD are at risk for amputation, more specifically of the lower limbs”. The rising prevalence of PAD in the country is expected to influence lower limb amputation cases growth, thereby driving the product demand in the US. Apart from PAD, the rising osteosarcoma cases are also expected to impact positively. As per the American Cancer Society (2021), about 1,000 new osteosarcoma cases are diagnosed in the United States each year, and the number of cases is estimated to rise in the coming years.
Additionally, the well-established healthcare services and infrastructure, the presence of key players, and favorable reimbursement programs by the government will also support the Orthopedic Prosthesis Devices Market.
Interested in knowing how the Global Orthopedic Prosthesis Devices Market will grow by 2027? Click to get a snapshot of Orthopedic Prosthesis Devices Market Trends and Developments.
Orthopedic Prosthesis Devices Market – Key Developments and Breakthroughs
Over the years, the Orthopedic Prosthesis Devices Market has evolved significantly owing to the active participation of global MedTech companies and technological advancements in the domain.
In December 2020, Integrum AB received product approval from the US FDA for their Osseoanchored Prostheses for the Rehabilitation of Amputees (OPRA) Implant System, the first implant system marketed in the U.S. for adults who have transfemoral—or above-the-knee—amputations.
As per DelveInsight, the ongoing clinical & commercial development activities and the ongoing research in the domain will contribute immensely to the Orthopedic Prosthesis Devices Market in the coming years.
Key Companies In the Orthopedic Prosthesis Devices Market
Globally, some of the key companies in the Orthopedic Prosthesis Devices Market include Ottobock, Boston Orthotics & Prosthetics, LeTourneau Prosthetics and Orthotics, Advanced Arm Dynamics, TASKA Prosthetics, NAKED PROSTHETICS, Steeper Inc, Össur, medi GmbH & Co. KG, Orthotic & Prosthetic Lab, Inc, BioMetrics Prosthetic and Orthotic CT, Trulife, INTEGRUM, Mobius Bionics, Open Bionics, Blatchford Limited, inMotion Prosthetics and Orthotics, SYNERGY PROSTHETICS, Motorica LLC, WillowWood Global LLC, and others.
As per DelveInsight, due to the very high growth rate and positive return, several new players are expected to enter the Orthopedic Prosthesis Devices Market in the coming years. The entry of new players and the launch of emerging products will immensely drive market growth.
Learn how new players’ entries will transform the Orthopedic Prosthesis Devices Market in the coming years at, Orthopedic Prosthesis Devices’ Competitive Landscape.
Scope of the Orthopedic Prosthesis Devices Market Report:
- Geography Covered – Global
- Study Period – 2019-2027
- Orthopedic Prosthesis Devices Market By Product Type –
- Upper Extremity Orthopedic Prosthesis Devices – Shoulder, Elbow, Hand & Wrist, and Fingers
- Lower Extremity Orthopedic Prosthesis Devices – Foot & Ankle, Knee, Hip, and others
- By Technology – Active (Body-Powered And Electric-Powered) and Passive
- By Customization – Prefabricated, and Customized
- By Age Group – Adult and Pediatric
- By End User – Hospitals, Ambulatory Surgical Centers, and others
- Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOL’s Views, Analyst’s View.
Table of Content
| 1 | Report Introduction |
| 2 | Executive summary |
| 3 | Regulatory and Patent Analysis |
| 4 | Orthopedic Prosthesis Devices Market Key factors analysis |
| 5 | Orthopedic Prosthesis Devices Porter’s Five Forces Analysis |
| 6 | COVID-19 Impact Analysis on Orthopedic Prosthesis Devices Market |
| 7 | Orthopedic Prosthesis Devices Market Layout |
| 8 | Orthopedic Prosthesis Devices Global Company Share Analysis – Key 3-5 Companies |
| 9 | Orthopedic Prosthesis Devices Product Profiles and Key Companies |
| 10 | Project Approach |
| 11 | KOL Views |
| 12 | DelveInsight Capabilities |
| 13 | Disclaimer |
| 14 | About DelveInsight |
Reach out to us to get a more detailed overview of the Orthopedic Prosthesis Devices Regulatory & Patent Analysis
Key Takeaways From the Orthopedic Prosthesis Devices Market Report Study
- In-depth analysis of the Orthopedic Prosthesis Devices Market size, share, and key trends.
- Comprehensive analysis of current Orthopedic Prosthesis Devices Market size (2020) and market forecast for 5 years (2022-2027)
- The effect of the COVID-19 pandemic on the Orthopedic Prosthesis Devices Market is significant. To capture and analyze suitable indicators, our experts are closely watching the Orthopedic Prosthesis Devices Market.
- Top key product/services/technology developments, mergers, acquisitions, partnerships, and joint ventures happened over the last three years
- Key companies dominating the Global Orthopedic Prosthesis Devices Market.
- Various opportunities are available for the other competitors in the Orthopedic Prosthesis Devices Market space.
- What are the top-performing segments in 2020? How these segments will perform in 2027.
- Which are the top-performing regions and countries in the current Orthopedic Prosthesis Devices Market scenario?
- Which are the regions and countries where companies should have concentrated on opportunities for Orthopedic Prosthesis Devices Market growth in the coming future?
Related Healthcare Reports by DelveInsight
Other Latest Reports by DelveInsight
About DelveInsight
DelveInsight is a leading Business Consultant and Market Research firm focused exclusively on life sciences. It supports Pharma companies by providing comprehensive end-to-end solutions to improve their performance.
Get in touch with our team to get more detailed insights into how the MedTech Market is expected to evolve in the coming years and to formulate innovative business solutions at MedTech Consulting Solutions.
Contact Us
Shruti Thakur
+1(919)321-6187