Orthopedic Prosthetics Market is forecasted to grow at 5.5% for 2019 to 2026 to an estimated value of USD 3.24 billion by 2026 with factors such as dearth of reimbursement policy and high cost of the prosthetics devices hampering the market growth.
Orthopedic prosthetics market has shown a significant adoption rate and preferences from the North America region with countries such as U.S. and Canada. Development in the healthcare infrastructure and strong distribution network in the region is expected to enhance the demand for the orthopedic prosthetics in the region.
According to Data Bridge Market Research the orthopedic prosthetics market in developing regions is witnessing a growth in terms of its adoption rate, due to growing number of trauma and accidental injuries and increasing cases of osteosarcoma. Favorable government reimbursement policies for orthopedic prosthetics and increasing collaborations & distribution in the market will also accelerate the market demand. On the other hand, rising aging population and increasing healthcare expenditure will accelerate the demand for orthopedic prosthetics market in the forecast period of 2019 to 2026.
Now the question is which are the regions that orthopedic prosthetics market players should target? Data Bridge Market Research has forecasted market leaders to target North America developing regions to help them in attaining better volume of revenue generation.
Orthopedic prosthetics market is becoming more competitive every year with electric powered prosthetics currently being the largest market technology for the forecasted period of 2019 to 2026. Data Bridge Market Research’s new report highlights the major growth factors and opportunities in the cyanate ester resins market.
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LegWorks, Inc. announced the launch of their ATK HydraPro in October 2019 which is a waterproof highly efficient hydraulic prosthetic. This is specially designed for the people in wheelchairs so they can ambulate on any surface at various walking speeds. This is also integrated with the AutoLock Technology which has the ability to provide excellent balance to the user, even on the most challenging terrain.
Orthopedic prosthetics market is segmented on the basis of countries into U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa
All country based analysis of the orthopedic prosthetics market is further analyzed based on maximum granularity into further segmentation. On the basis of product type, orthopedic prosthetics market is segmented into Upper Extremity Prosthetics, Lower Extremity Prosthetics, Liners, sockets, and modular component. On the basis of technology, the orthopedic prosthetics is segmented into manual prosthetics, electric powered prosthetics and hybrid prosthetics. The end- user segment on the orthopedic prosthetics market is segmented into hospitals, clinics, rehabilitations centers and others.
Orthopedic prosthetics is an artificial limb which usually acts as a substitute for the missing part of the patient due to some accident, disease or trauma. These artificial limbs are usually made of material such as titanium, carbon fiber and Kevlar. Different technology such as manual prosthetics, hybrid prosthetics and electric powered prosthetics are used in this orthopedic prosthetics. They also have the ability to perform same function as the original or natural limb.
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Key Pointers Covered in the Orthopedic Prosthetics Market Industry Trends and Forecast to 2026
Key Market Competitors Covered in the report
Above are the key players covered in the report to know about more and exhaustive list of orthopedic prosthetics companies, contact us https://www.databridgemarketresearch.com/reports/global-orthopedic-prosthetics-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Orthopedic Prosthetics Market – Industry Trends and Forecast to 2028
North America Orthopedic Prosthetics Market – Industry Trends and Forecast to 2028
Europe Orthopedic Prosthetics Market - Industry Trends and Forecast to 2028
Asia-Pacific Orthopedic Prosthetics Market - Industry Trends and Forecast to 2028