Global Orthopedic Prosthetics Market, By Product Type (Upper Extremity, Prosthetics, Lower Extremity Prosthetics, Liners, Sockets, Modular Components), Technology Type (Conventional, Electric Powered and Hybrid Prosthetics), End User Type (Hospitals, Prosthetic Clinics, Rehabilitation Centers, and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
The orthopedic prosthetics market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 7.2%. The growing number of accidents will help in escalating the growth of the orthopedic prosthetics market.
Orthopedic prosthetics refer to the field concerned with the identification, designing, production, and fitting custom-made artificial limbs in patient with a missing part of limb lost over disease, trauma, or a congenital condition. These custom-made orthopedic prosthetics need a mixture of low weight and very high strength. Thus, materials for example Kevlar, carbon fiber, and titanium are generally utilized for production. Vast developments in the field of CAD/CAM technology and material science have aided the global market orthopedic prosthetics advance at an encouraging pace in the past few years.
the factors such as the growing of the elderly population, the growing number of accidents is also anticipated, the research and development in prosthetics, promotion of IoT technologies for prosthetics, the increasing acceptance of upper limb orthopedic prosthetics amongst healthcare professionals and patients because of their features, such as high firmness and technical innovative properties are the factors expected to boost the growth of the orthopedic prosthetics market in the forecast period. In the addition, extensive accessibility of technically innovative orthopedic prosthetics and the growing of need for custom-made orthopedic prosthetics are to further extend profitable opportunities for the growth of the orthopedic prosthetics market in the coming years. However, the high price of prosthetics and the developments in the vascular surgery for the growth of the orthopedic prosthetics market in the coming years.
This orthopedic prosthetics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on orthopedic prosthetics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Healthcare Analytical Testing Services Market Scope and Market Size
The orthopedic prosthetics market is segmented on the basis of product type, technology type and end user type. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on the product type, the orthopedic prosthetics market is segmented into upper extremity, prosthetics, lower extremity prosthetics, liners, sockets, modular components.
- Based on the technology type, the orthopedic prosthetics market is segmented into conventional, electric powered and hybrid prosthetics.
- Based on the end user type, the orthopedic prosthetics market is segmented into hospitals, prosthetic clinics, rehabilitation centers, and others.
Healthcare Analytical Testing Services Market Country Level Analysis
The orthopedic prosthetics market is analysed and market size insights and trends are provided by country, product type, technology type and end user type as referenced above.
The countries covered in the orthopedic prosthetics market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the orthopedic prosthetics market because of the growing administration and private investments on healthcare infrastructure and the increasing medical tourism. Furthermore, the increasing alertness of technology in healthcare which will boost the growth orthopedic prosthetics market in the region during the forecast period. Asia-Pacific is expected to observe significant amount growth in the orthopedic prosthetics market because of the quickly growing of the incidences of orthopedic concerns which will help produce profitable growth projections which in turn is anticipated to propel the growth of the orthopedic prosthetics market in the region in the coming years.
The country section of the healthcare analytical testing services market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The orthopedic prosthetics market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for healthcare analytical testing services market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the orthopedic prosthetics market. The data is available for historic period 2010-2019.
Competitive Landscape and Healthcare Analytical Testing Services Market Share Analysis
The orthopedic prosthetics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to orthopedic prosthetics market.
The major players covered in the orthopedic prosthetics market report are Blatchford Group, Touch Bionics Inc., The Ohio Willow Wood Co., Össur, Ottobock, Fillauer LLC., Advanced Arm Dynamics, inc., Stryker Corp, DePuy Synthes, , Exactech, Inc, Globus Medical Inc, RTI Surgical Inc, Wright Medical Group N.V., Johnson & Johnson Services, Inc., Arthrex Inc, AlloSource, Braun Melsungen AG, Smith & Nephew plc, Zimmer Holdings Inc., Hanger Inc,, Otto Bock Healthcare GmBH, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Orthopedic Prosthetics Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.